Hitachi Reports Worst Manufacturing Loss on Record
Japanese electronics maker Hitachi Ltd. said Thursday its loss for the fiscal year ended March will be bigger than its previous forecast, ballooning to 788 ...
Business
Korean Air Losses Jump on Weak Won
Korean Air Lines Co. said Thursday its first quarter net loss widened as weakness in the South Korean won drove up costs denominated in dollars.
Bank Stress Test Results Ease Worries, Boost Wall Street
Investors felt more confident putting their money into banks on the eve of a government report card on big financial companies.
Asia Agrees on Need to Cut Exports, Boost Consumption
Cutting Asia’s reliance on exports for growth has taken on new urgency as the global economic crisis sends trade into a tailspin. But many economies ...
Oil Stays Above $54 on Recovery Hopes
Oil prices lingered above $54 a barrel Tuesday as growing investor optimism about a recovery in the global economy supported prices above a month-long trading ...
Market Buoyant Despite Pending Bank Stress-Test Results
Banks will be told today how they did on their “stress tests” and informed of regulators’ final decisions on how much capital they need to ...
Biotech Profitable at Last but Squeezed by Recession
The U.S. biotech industry became profitable as a whole for the first time in 2008, a new report says, but the global financial crisis has ...
GM Plans 1-for-100 Reverse Stock Split
General Motors Corp. notified shareholders Tuesday it is planning a reverse stock split that would give them one share of new stock for every 100 ...
IMF Projects 4.3% Growth for Asia in 2010 Recovery
Most Asian economies face a sharp contraction this year and a weak recovery in 2010 as global demand for the region’s exports struggles to rebound, ...
IT Giants May Be Hit Hard by Obama's Overseas Profits Tax
President Barack Obama’s plan to impose U.S. taxes on corporate America’s overseas profits threatens to open a big crater in the financial statements of technology ...
GM's China Sales Surge 50% to Monthly Record
General Motors said Tuesday that sales in China soared 50 percent in April to a monthly record of 151,084 vehicles, thanks to strong demand for ...
Sanyo Reports Loss but Expects Profits This Year
Sanyo Electric Co. sank to an annual loss because of declining sales, the strong yen and rising material costs, but expects to muster a small ...
Japan Retailers Report Robust Post-Quake Sales
Japan's retail sales fared far better than expected following the March 11 disasters, fueling record profits.
Google Returns to China with Group-Buying Site
Google has apparently decided to return to the China market by launching a group deal aggregator in China Thursday.
Samsung Files High-Stakes Suits Against Apple
Samsung Electronics has sued Apple in Paris and Milan to end sales of the Apple iPhone 4S because it infringes Samsung patents.
Honda to Slash Exports of Japan-Built Cars by Half
Japan's number two automaker will cut by half the number of cars it exports from domestic factories to counter the impact of a soaring yen.
Wenzhou Export Hub Suffers from Capital Squeeze
Wenzhou's exporters are liquidating overseas investments and borrowing at usurious rates to fund operations.
Saab Still Awaiting Funds from Chinese Savior
Swedish carmaker Saab is struggling to stay afloat under bankruptcy protection while awaiting $93 million.
Samsung to File Multiple Suits to Block iPhone 4S
Samsung will file patent infringement suits to block the release of iPhone 4S which rival smartphone maker Apple unveiled Tuesday.
Viet D. Dinh Defends Murdoch Empire
Viet Dinh is the last line of defense for a Murdoch family facing prosecution and loss of control over its global media empire.
Mae Tai O'Malley Builds Firm for Lawyer Moms
Seasoned lawyers back-burnering big-firm careers to devote time to kids inspired Mae Tai O'Malley to found Paragon Legal.
China PMI Continues Modest Rise in September
China's Purchasing Managers' Index (PMI) rose to 51.2 in September from 50.9 in August.
Jack Ma Keen to Buy Yahoo Despite Yang Rebuff
Alibaba founder and CEO Jack Ma wants to buy Yahoo and has begun discussions with other potential buyers.
Gao Liu Develops Cheap Battery Booster
Gao Liu's polymer boosts battery storage capacity 30% without new manufacturing methods.
Shanghai Disney Resort to Open in 2015
The Shanghai Disney Resort being built in Shanghai's Pudong district will bring a new dimension to China's booming theme park market.
Samsung to Pay Royalties to Microsoft on Smartphones
Samsung Electronics will pay $4-5 for each smartphone it sells to settle Microsoft's claim that the Android operating system.
Kao Develops New Skin-Cleansing Technology
A new skin cleanser that actually improves the skin while providing better cleaning power has been developed by Japan's Kao Corporation.
LEDs Enjoy Boom in Japan Following Quake
The push for energy efficiency has accelerated the adoption of LED lights in Japan.
China Auto Exports Boom As Domestic Demand Slows
China's auto exports jumped 57% for the first seven months of 2011 over the same period last year to a total of 465,000 units.
S. Korea Is Top Asian Importer of U.S. Cheese
S. Korea imports more U.S. cheese than any nation except Mexico as its cheese consumption doubled between 2006 and 2010.
Kevin Chou Builds Social Gaming Kingdom
Kevin Chou is on track to build Kabam into an online social gaming empire.
Wenzhou Failures Prompt Comparison to Lehman
The number of failing businesses and owners fleeing creditors have sparked speculation that Wenzhou may become China's Lehman Brothers.
Lee Pushes Assembly for Quick FTA Approval
President Lee Myung-bak called on the National Assembly to quickly approve the free trade pact with the U.S.
China Backs London As Yuan Trading Center
China is giving formal approval to London becoming an offshore yuan trading center on Thursday.
Gap to Expand in China, Shrink in U.S.
Gap plans to treble its China presence while closing a fifth of its stores in the U.S. after posting a 3% revenue drop in the ...
Lucy Koh Hears Apple-Samsung Case
Federal judge Lucy Koh will decide the massive, multi-billion-dollar Samsung-Apple patent suit in the U.S.
China Projects 9.4% GDP Growth for 2011
China will log 9.4 percent growth for full-year 2011 and 8.7 percent in 2012, predicted a top government economist.
Boyfriend-Tracking App Blasted for Privacy Invasion
A Japanese smartphone application intended to let women track boyfriends or husbands has drawn protests as a form of spyware.
Foxconn to Produce iPads, Touchscreens in Brazil Plant
Taiwan's Foxconn will begin assembling iPads in Brazil in December under a deal under which Brazil will invest $12 billion in a plant and Foxconn ...
China Auto Sales Rebound Strongly in September
China auto sales appear to be regaining momentum after weak growth during the first eight months.
Congress Ratifies U.S.-Korea FTA After 4 Years
The U.S.-Korea Free Trade Agreement was approved by both the House of Representatives and the Senate Wednesday.
Jerry Yang Wants to Take Yahoo Private
Yahoo's co-founder is working on a private-equity buyout that will let him regain management control.
Eugene Lee Featured As Leading NFL Agent
NFL agent Eugene T. Lee was featured in an ESPN documentary about sports agents.
India Industrial Output Grew 4.1% in August
India's industrial output growth for August fell below the projected 4.5% due in part to the government's efforts at cooling inflation.
India Stocks Soar on Infosys Earnings, Global Sentiment
Sensex, India's leading stock index, jumped 422 points Wednesday after software services giant Infosys released strong quarter earnings.
China to Be Biggest Trading Nation by 2025
China will account for 13% of world trade by 2025, overtaking the U.S. as the largest trading nation.
Strong Yen Sends Japan Inc on Overseas Buying Spree
The value of Japan's overseas acquisitions during the first eight months of the year more than doubled those of the same period of 2010.
Changhuei Yang's ePetri Allows Efficient Cell Study
Changhuei Yang has put a wired lab on a chip for efficient, inexpensive high-resolution cell imaging.
Maruti Workers Attack Managers, Seize Control
One of India's leading automakers may have to cease operation completely due to violent strikes at key plants.
Tianjin Ranked China's Top Industrial Park
The Tianjin Economic Development Area is the highest-rated industrial zone among 90 across China.
Hitachi Reports Worst Manufacturing Loss on Record
Japanese electronics maker Hitachi Ltd. said Thursday its loss for the fiscal year ended March will be bigger than its previous forecast, ballooning to 788 ...
Korean Air Losses Jump on Weak Won
Korean Air Lines Co. said Thursday its first quarter net loss widened as weakness in the South Korean won drove up costs denominated in dollars.
Bank Stress Test Results Ease Worries, Boost Wall Street
Investors felt more confident putting their money into banks on the eve of a government report card on big financial companies.
Asia Agrees on Need to Cut Exports, Boost Consumption
Cutting Asia’s reliance on exports for growth has taken on new urgency as the global economic crisis sends trade into a tailspin. But many economies ...
Oil Stays Above $54 on Recovery Hopes
Oil prices lingered above $54 a barrel Tuesday as growing investor optimism about a recovery in the global economy supported prices above a month-long trading ...
Market Buoyant Despite Pending Bank Stress-Test Results
Banks will be told today how they did on their “stress tests” and informed of regulators’ final decisions on how much capital they need to ...
Biotech Profitable at Last but Squeezed by Recession
The U.S. biotech industry became profitable as a whole for the first time in 2008, a new report says, but the global financial crisis has ...
GM Plans 1-for-100 Reverse Stock Split
General Motors Corp. notified shareholders Tuesday it is planning a reverse stock split that would give them one share of new stock for every 100 ...
IMF Projects 4.3% Growth for Asia in 2010 Recovery
Most Asian economies face a sharp contraction this year and a weak recovery in 2010 as global demand for the region’s exports struggles to rebound, ...
IT Giants May Be Hit Hard by Obama's Overseas Profits Tax
President Barack Obama’s plan to impose U.S. taxes on corporate America’s overseas profits threatens to open a big crater in the financial statements of technology ...
GM's China Sales Surge 50% to Monthly Record
General Motors said Tuesday that sales in China soared 50 percent in April to a monthly record of 151,084 vehicles, thanks to strong demand for ...
Sanyo Reports Loss but Expects Profits This Year
Sanyo Electric Co. sank to an annual loss because of declining sales, the strong yen and rising material costs, but expects to muster a small ...
Japan Retailers Report Robust Post-Quake Sales
Japan's retail sales fared far better than expected following the March 11 disasters, fueling record profits.
Google Returns to China with Group-Buying Site
Google has apparently decided to return to the China market by launching a group deal aggregator in China Thursday.
Samsung Files High-Stakes Suits Against Apple
Samsung Electronics has sued Apple in Paris and Milan to end sales of the Apple iPhone 4S because it infringes Samsung patents.
Honda to Slash Exports of Japan-Built Cars by Half
Japan's number two automaker will cut by half the number of cars it exports from domestic factories to counter the impact of a soaring yen.
Wenzhou Export Hub Suffers from Capital Squeeze
Wenzhou's exporters are liquidating overseas investments and borrowing at usurious rates to fund operations.
Saab Still Awaiting Funds from Chinese Savior
Swedish carmaker Saab is struggling to stay afloat under bankruptcy protection while awaiting $93 million.
Samsung to File Multiple Suits to Block iPhone 4S
Samsung will file patent infringement suits to block the release of iPhone 4S which rival smartphone maker Apple unveiled Tuesday.
Viet D. Dinh Defends Murdoch Empire
Viet Dinh is the last line of defense for a Murdoch family facing prosecution and loss of control over its global media empire.
Mae Tai O'Malley Builds Firm for Lawyer Moms
Seasoned lawyers back-burnering big-firm careers to devote time to kids inspired Mae Tai O'Malley to found Paragon Legal.
China PMI Continues Modest Rise in September
China's Purchasing Managers' Index (PMI) rose to 51.2 in September from 50.9 in August.
Jack Ma Keen to Buy Yahoo Despite Yang Rebuff
Alibaba founder and CEO Jack Ma wants to buy Yahoo and has begun discussions with other potential buyers.
Gao Liu Develops Cheap Battery Booster
Gao Liu's polymer boosts battery storage capacity 30% without new manufacturing methods.
Shanghai Disney Resort to Open in 2015
The Shanghai Disney Resort being built in Shanghai's Pudong district will bring a new dimension to China's booming theme park market.
Samsung to Pay Royalties to Microsoft on Smartphones
Samsung Electronics will pay $4-5 for each smartphone it sells to settle Microsoft's claim that the Android operating system.
Kao Develops New Skin-Cleansing Technology
A new skin cleanser that actually improves the skin while providing better cleaning power has been developed by Japan's Kao Corporation.
LEDs Enjoy Boom in Japan Following Quake
The push for energy efficiency has accelerated the adoption of LED lights in Japan.
China Auto Exports Boom As Domestic Demand Slows
China's auto exports jumped 57% for the first seven months of 2011 over the same period last year to a total of 465,000 units.
S. Korea Is Top Asian Importer of U.S. Cheese
S. Korea imports more U.S. cheese than any nation except Mexico as its cheese consumption doubled between 2006 and 2010.
Kevin Chou Builds Social Gaming Kingdom
Kevin Chou is on track to build Kabam into an online social gaming empire.
Wenzhou Failures Prompt Comparison to Lehman
The number of failing businesses and owners fleeing creditors have sparked speculation that Wenzhou may become China's Lehman Brothers.
Lee Pushes Assembly for Quick FTA Approval
President Lee Myung-bak called on the National Assembly to quickly approve the free trade pact with the U.S.
China Backs London As Yuan Trading Center
China is giving formal approval to London becoming an offshore yuan trading center on Thursday.
Gap to Expand in China, Shrink in U.S.
Gap plans to treble its China presence while closing a fifth of its stores in the U.S. after posting a 3% revenue drop in the ...
Lucy Koh Hears Apple-Samsung Case
Federal judge Lucy Koh will decide the massive, multi-billion-dollar Samsung-Apple patent suit in the U.S.
China Projects 9.4% GDP Growth for 2011
China will log 9.4 percent growth for full-year 2011 and 8.7 percent in 2012, predicted a top government economist.
Boyfriend-Tracking App Blasted for Privacy Invasion
A Japanese smartphone application intended to let women track boyfriends or husbands has drawn protests as a form of spyware.
Foxconn to Produce iPads, Touchscreens in Brazil Plant
Taiwan's Foxconn will begin assembling iPads in Brazil in December under a deal under which Brazil will invest $12 billion in a plant and Foxconn ...
China Auto Sales Rebound Strongly in September
China auto sales appear to be regaining momentum after weak growth during the first eight months.
Congress Ratifies U.S.-Korea FTA After 4 Years
The U.S.-Korea Free Trade Agreement was approved by both the House of Representatives and the Senate Wednesday.
Jerry Yang Wants to Take Yahoo Private
Yahoo's co-founder is working on a private-equity buyout that will let him regain management control.
Eugene Lee Featured As Leading NFL Agent
NFL agent Eugene T. Lee was featured in an ESPN documentary about sports agents.
India Industrial Output Grew 4.1% in August
India's industrial output growth for August fell below the projected 4.5% due in part to the government's efforts at cooling inflation.
India Stocks Soar on Infosys Earnings, Global Sentiment
Sensex, India's leading stock index, jumped 422 points Wednesday after software services giant Infosys released strong quarter earnings.
China to Be Biggest Trading Nation by 2025
China will account for 13% of world trade by 2025, overtaking the U.S. as the largest trading nation.
Strong Yen Sends Japan Inc on Overseas Buying Spree
The value of Japan's overseas acquisitions during the first eight months of the year more than doubled those of the same period of 2010.
Changhuei Yang's ePetri Allows Efficient Cell Study
Changhuei Yang has put a wired lab on a chip for efficient, inexpensive high-resolution cell imaging.
Maruti Workers Attack Managers, Seize Control
One of India's leading automakers may have to cease operation completely due to violent strikes at key plants.
Tianjin Ranked China's Top Industrial Park
The Tianjin Economic Development Area is the highest-rated industrial zone among 90 across China.
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