BUSINESS: GOLDSEA

Subscribe for Free Updates

Subscribe Now to receive Goldsea updates!

Subscribe for updates on Goldsea: Asian American Daily

Subscribe Now

Business

L.A. Seeks to Revive Sales at Coroner's Gift Shop

The morgue is about the last place you would think of to go shopping, so it's perhaps unsurprising that sales at Los Angeles County's coroner ...

Cellphone Use Explodes in Vietnam

Vietnam will import $1 billion worth of mobile phones in 2010, estimates the Ministry of Industry and Trade. Mobile phones will become such a high

Ireland Swallows Bitter Pill of EU-IMF Bailout

Debt-crippled Ireland formally applied Sunday for a massive EU-IMF loan to stem the flight of capital from its banks, joining Greece in a step unthinkable

Push-Up Bra Sales Suggest Strong Holiday Season

Attention armchair economists: You don't need spreadsheets to get a handle on how this year's holiday shopping season is going. Just keep an eye

New Grand Cherokee Boosts Chrysler Sales

Chrysler cut its losses in half between the second and third quarters as a new version of the Jeep Grand Cherokee notched strong sales. The ...

Vietnam Left Out of Foreign Capital Inflows

Vietnam isn't experiencing the growing influx of foreign investment capital of its southeast Asian neighbors, apparently due to the perceived risk

Overseas Filipinos to Remit $21.3 Bil. in 2010

Overseas Filipino Workers (OFW) will remit $21.3 bil. this year, making the Philippines the world's fourth biggest recipient of remittances, according to the World

Tata Motors Profits Surge on Jaguar, Land Rover Sales

Tata Motors' consolidated profits surged on robust global demand for Jaguar and Land Rover as the once-troubled luxury brands enjoyed their

Chevron to Buy Atlas Energy for $4.3 Bil.

Chevron will buy natural producer Atlas Energy Inc. in a cash-and-stock deal worth $3.2 billion, the companies said Tuesday.

Economic Stress at Lowest Level in 16 Months

The nation's economic stress fell in September to a 16-month low, thanks to more hiring in New England, fewer foreclosures in the mid-Atlantic

Amazon to Pay Publishers 70% on Kindle Sales

Amazon.com Inc. said Monday it will start paying publishers more when they sell magazines and newspapers on its Kindle electronic reader.

Windows Smart Phones Released by AT&T, T-Mobile

Smart phones running Microsoft's new software are now available for AT&T Inc. and T-Mobile USA customers.

Hard Times Strip Away Old Shopping Stigmas

The Goodwill store in this middle-class New York suburb is buzzing on a recent weekend afternoon. A steady flow of shoppers comb through racks filled

German Exports Surged 22.5% in September

Germany's Federal Statistics Office says exports rose 22.5 percent in September compared the same month a year ago as the country continues

China Criticizes Fed's Bond Repurchase Plan

The U.S. Federal Reserve's move to pump hundreds of billions of dollars into the financial system will bring greater volatility to markets worldwide

Diesel Shortage Disrupts China Economy

Aggravated Chinese truck drivers parked for hours to buy rationed diesel Monday as shortages blamed on a government conservation campaign

Boeing 787 Test Flight Makes Emergency Landing

A Boeing 787 jetliner on a test flight over Texas made an emergency landing Tuesday after smoke was detected in the main cabin, the latest ...

China Already World's Top Market for BMW 7 Series

China is already the top market for BMW's luxurious 7-series sedans, the company revealed. It also forecast that China will become its top all-around market

Korean Battery Picked for Chrysler Electric Car

SB LiMotive announced Sunday that it will supply the lithium-ion batteries that will power Chrysler's Fiat 500 EV electric car scheduled for 2012 debut.

Economy Recovers but New Spending Habits Linger

Layaway, once the province of the poor, has gone mainstream. At the Mall of America in Minnesota, shoppers dart in for just one or two ...

Pending Home Sales Drop in September

The number of people who signed contracts to buy homes fell in September after two months of gains, a possible fallout from foreclosure moratoriums

Private Employers Added 159,000 Workers in Oct.

The economy generated a net gain in jobs for the first time in five months in October, as businesses stepped up their painfully slow pace ...

Toyota Profits Quadruple to $1.2 Bil.

Toyota's second quarter profit more than quadrupled on a sales recovery despite lingering worries about the quality of its cars after massive recalls.

Bridgestone Returns to Profit on Tire Demand

Bridgestone Corp. said Friday its earnings are continuing to recover this year as demand for its tires improves, especially at home in Japan.

Shanghai Readies Deal for Next Disneyland

Just days after Shanghai wrapped up its role as host to the World Expo, China's commercial capital is setting its sights on another big tourism ...

GM Leads IPO Pitch with China Growth

General Motors has the potential to make huge pretax profits once global auto sales fully recover, the company's chief financial officer said Thursday

Trucks Outsell Cars by Biggest Margin in 5 Years

Trucks outsold cars by the highest margin in nearly five years in October, a small sign that the economy may be starting to improve.

Toyoda, Musk Cement Ties Over Pimped-Out Tesla

The usually grim-faced Toyota President Akio Toyoda was all smiles Friday, trumpeting a newfound friendship with U.S. luxury electric carmaker Tesla.

Renault-Nissan to Sell 500,000 EVs a Year by 2013

Bullish on green cars, the chief executive of the Renault-Nissan automotive alliance said Monday they plan to produce and sell 500,000 electric

Gas Prices Rise As Holidays Approach

With Thanksgiving just around the corner, the price of gasoline is marching toward the high of the year.

Data Storage Maker EMC Buys Isilon for $2.25 Bil.

The data storage company EMC says it has agreed to buy Isilon for $2.25 billion in cash. It is offering $33.85 per share

Caterpillar to Buy Surface Mining Equipper for $7.6 Bil.

Caterpillar Inc., the world's largest construction and mining equipment maker, said Monday it has agreed to buy Bucyrus International Inc. for $7.6 billion

Oct Retail Sales Gain Most Since March

Retail sales, helped by strong demand for autos, increased in October by the largest amount in seven months. The Commerce Department

Retail Sales, Caterpillar Buy Drive Up Stock Prices

U.S. stock futures pointed to a higher open Monday as investors hope to move beyond worries about Ireland's debt drama that dragged major indexes

Food Industry Outpaces Rest of Economy

While the recession took a toll on manufacturing and other industries, one part of the economy has remained a bright spot over the past few ...

Newsweek Merges with Tina Brown's Daily Beast

Newsweek, a 77-year-old magazine that once helped set the national news agenda, is linking its future with a startup website just two years in the ...

Eurozone Growth Slows to 0.4%

Economic growth in the 16 countries that use the euro fell by more than half in the third quarter of the year, official figures showed ...

Shanghai Stocks Plunge on China Rate Hike Fears

Chinese shares led world markets lower Friday amid mounting concerns Beijing will raise interest rates to cool its overheating economy.

Airbus Parent Returns to Profit

Airbus' parent company EADS NV reported a narrow third-quarter profit on Friday, rebounding from a loss a year earlier as the commercial plane-making

China Inflation Expected to Subside in 2nd Half

China's inflation rate will fall in the second half of the year thanks to higher pork and grain production, said a domestic economist Saturday.

Nissan Recalls 600,000 Cars for Steering, Battery Cable

Nissan Motor Co. is recalling more than 600,000 vehicles in North and South America and Africa due to steering or battery cable problems.

Cisco Shortfall Seen As Tech Sector Omen

A gloomy outlook from Cisco Systems Inc. is shaking some investors' faith in the strength of the technology industry's recovery.

Phone Books Soon to Become Cultural Relics

What's black and white and read all over? Not the white pages, which is why regulators have begun granting telecommunications companies the go-ahead

Bollywood Takes Bigger Role in Hollywood

Hollywood and Bollywood have come together to create a Los Angeles-India Film Council to attract more Indian moviemakers to L.A.

Foreclosures Fall 9% on Procedural Hitch

The number of U.S. homes repossessed by lenders last month fell by the sharpest margin this year, as several major lenders temporarily halted most

Cisco Outlook Raises Fears of Slipping Competitiveness

Cisco Systems Inc. has given a disappointing sales forecast for the second quarter in a row, raising doubts about the network equipment maker's

Budget Deficit Hits $140.4 Bil. for October

The federal government began the new budget year with a deficit that fell 20 percent from a year ago but still the third highest October ...

Bullish Google Gives 10% Raise to Everyone

Google Inc. is showing it still knows how to make its employees feel special: It is giving all 23,300 of them 10 percent raises next ...

Jobless Claims Fall to Lowest Level in 4 Months

Fewer people applied for unemployment aid last week, the third drop in four weeks.

Nikkei, KOSPI Up As China Tightens Bank Lending

World markets mostly fell Wednesday after China's central bank announced it will raise the amount of cash that banks have to hold in reserve