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EU picks first president

Belgium's Prime Minister Herman Van Rompuy will lead the group, representing the largest combined economies in the world

Prices falling in Japan

Deflation is seen for the first time since 2006, so central bank holds interest rates low.

Economic reform: One step closer

The financial services committee finalized reform legislation for congressional approval.

TARP may be over
PLAYTARP may be over(3:50)Nov 19

About $300 billion of TARP funds have yet to be spent, but the program could end next year unless Geithner renews it.

British retail sales boom

Up 3.5% from last year, the October report is a good sign for holiday sales and overall recovery.

Sony's back-ordered Kindle-killer

Deliveries on some pre-ordered e-readers may be delayed past Christmas.

Chocolate bidding wars

Hershey and Ferrero join in a bid for Cadbury, which is trying to fend off Kraft's hostile bid.

Delta offers Japan Air $1 billion

The deal would help the ailing Japanese airline and add it to Delta's Skyteam Alliance.

UBS sets $15 billion profit target

CEO Oswald Gruebel says a fundamental restructuring will take time after record losses.

Obama talks economy in China

The U.S. president and President Hu agree to work toward stabilizing the global economy and resolving trade quarrels.

GM to return bailout money

Thanks to a more secure revenue stream, GM CEO Fritz Henderson announces the bailout payback starting in December.

H&M's sales disappoint

Sales fell for the sixth straight month in October, declining 3%. Analysts had expected an increase.

Madoff's loot for sale

U.S. Marshals put the convicted Ponzi schemers' clothes, artwork and furnishings up for auction in New York City.

Japan's strong economy

The world's second-largest economy grew 4.8% in the third quarter - easily topping forecasts.

Eurozone recession finito!

GDP in the 16 European nations rose 0.4% in the third quarter, but future growth will remain slow.

Dell enters smartphone market

Dell teams up with China Mobile to build a new smartphone using Google's Android software.

Bud profits jump
PLAYBud profits jump(0:52)Nov 12

Anheuser Busch-InBev doubled its third-quarter profits but revenue was down.

South Korea holds key rate

The Bank of South Korea keeps its interest rate at 2% for the ninth straight month despite solid economic growth.

U.K. unemployment easing

Rise of 13,000 in jobless claims is the smallest increase in 18 months.

Apple: World's top phone maker

iPhone company surpasses Nokia as the most profitable handset maker.

Independent U.K. banks prosper

HSBC and Barclays report relatively strong profit compared to the bailed-out RBS and a restructuring Lloyds.

China boosts gasoline prices

Top planning body raises pump price 7%, to its highest level ever, to reflect the increasing cost of crude.

Kraft's hostile bid for Cadbury

The $16 billion takeover attempt sends Cadbury shares lower.

RBS continues to lose billions

U.K. government-owned bank reports an operating loss of $2.5 billion, 50% less than the previous quarter.

Australia boosts growth forecast

The Reserve Bank of Australia expects the economy to grow 1.75% in 2009 and 3.25% in 2010.

Bank of England holds steady

The major central bank keeps its key interest rate at crisis level lows.

Toyota posts surprise profit

World's largest automaker makes $242 million in the latest quarter, but still projects a loss for the full fiscal year.

Societe Generale doubles profit

Investment banking growth lifts third-quarter earnings to $627 million.

China growth forecast raised

The World Bank now expects economy to expand 8.4% in 2009 and 8.7% in 2010.

UK to take 84% stake in RBS

But the government will not take majority control at Lloyds Banking Group after restructuring.

Ryanair grows despite recession

The discount airline's profit soars 80% from last year as passenger totals increase.

Australia raises rates again

The first G-20 nation to boost it key rate after the downturn acts again, boosting to 3.5%.

China manufacturing growth

The world's third-largest economy posts its biggest manufacturing gain in 18 months.

Eurozone still losing jobs

Unemployment rate in 16 European countries stands at 9.7%, highest in 10 years.

Japan unemployment eases

Despite the improvement, Bank of Japan keeps key interest rate unchanged at 0.1%.

Shell income down, cuts jobs

Third-quarter profit misses expectations at $3 billion. Oil company is slashing 5,000 jobs.

IMF boosts Asia growth estimate

Weak demand for exports keeps rate down from previous years.

Norway to raise interest rates

The country with the world's third-highest per capita wealth will start to unwind its recession policies.

Honda's solid quarter
PLAYHonda's solid quarter(1:18)Oct 27

The Japanese automaker reported a quarterly profit of $587 million and hiked its outlook for the year.

BP logs $5 billion profit

The British energy giant's quarterly earnings fell from a year ago but still topped estimates.

ING to sell insurance unit

Dutch financial giant's plans to unwind major units including ING Direct USA sends shares lower.

South Korean growth
PLAYSouth Korean growth(1:06)Oct 27

Government stimulus spending and record low interest rates help third-quarter GDP expand 3%.

U.K. still in recession

The British GDP declined unexpectedly, shrinking 0.4% in the third quarter - the sixth straight quarter of contraction.

Kia's record profit
PLAYKia's record profit(1:10)Oct 27

South Korean automaker earns $339 million in the third quarter, driven by strong sales. Hyundai boosted by weak yuan.

Another bank makes billions

Credit Suisse posts a quarterly profit of $2.3 billion. Shares slide as worries about the sector persist.

China's growth spurt
PLAYChina's growth spurt(1:10)Oct 27

China's economy grew 8.9% in the third quarter, helped by a surge in investing and bank lending.

U.K. rates won't stay low forever

Bank of England Governor Mervyn King says interest rates will eventually return to normal levels.

$3 billion to save Japan Air

The Japanese government's plan sends stock of the airline soaring.

Qatar to sell stake in Barclays

The largest shareholder in the bank will sell half its holdings for about $1 billion.

U.K. transportation shakeup

Stagecoach makes a preliminary $2.8 billion bid for National Express.

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