BUSINESS: GOLDSEA

Subscribe for Free Updates

Subscribe Now to receive Goldsea updates!

Subscribe for updates on Goldsea: Asian American Daily

Subscribe Now

Business

Asian Markets Recover As Dubai Fears Ease

Asian stock markets rose Tuesday following modest gains on Wall Street and amid increased confidence the Dubai debt crisis was unlikely to derail

GE to Buy Vivendi's Stake in NBC for Comcast Deal

General Electric Co. has reached an agreement to buy the 20 percent stake in NBC Universal held by French media conglomerate Vivendi SA

Continental Shifts to Cashless Cabin Purchases

Continental Airlines Inc. said Monday that credit and debit cards will be accepted for purchases onboard most of its aircraft starting Tuesday.

Japan Airlines to Get $1.1 Bil. Emergency Loan

Japan Airlines said Tuesday it obtained government approval to receive up to $1.1 billion in emergency loans aimed at preventing the money-losing company

Newspapers Consider Alternatives to Google

There's an intriguing idea floating around the media: Microsoft Corp. wants to undercut Google so badly in Internet search that it might pay newspapers

National Parks Seek Cut of Science Profits

A soon-to-be-implemented policy for scientists who are permitted to conduct research in national parks will give the National Park Service a share

Sands China Tumbles 13% After IPO

Las Vegas Sands Corp.'s Macau operation tumbled more than 13 percent in its first day of Hong Kong trade Monday, after raising $2.5 billion in ...

Sharp Gains Edge with Fully Automated LCD Plant

Huge sheets of glass are guided by robotic arms, sliding and turning in a towering germ-free plant, the world's first making giant "10th generation" panels

Emerging Markets to Dominate Global Economy

The world economy will start growing again in 2010 but emerging markets will accelerate at a much faster rate than the U.S and Europe

Road Out of Recession May Be Long, With Surprises

The road from recession to recovery is rarely smooth, straight or short. It comes with detours, forks and even dead ends. And sometimes surprises.

Hawaii, California, Vegas Vie for Chinese Travelers

Hawaii, California and Las Vegas are among American tourist destinations vying fiercely for a vast and largely untapped new market segment.

Black Friday Spending Edges Up, Online Soars

Shoppers who endured long lines and sometimes-frigid temperatures spent only slightly more during their Black Friday shopping sprees

Time Warner to Spin Off AOL Dec. 9

Time Warner said Monday that it will spin off its Internet business, AOL Inc., as a separate company on Dec. 9.

Home Construction Slowdown Cools Stock Market

Investors are turning cautious as an unexpected drop in home construction and disappointing forecasts from technology companies raise concerns

Obama Fears Too Much Stimulus Could Cause Double-Dip Recession

President Barack Obama says he's worried that spending too much money to help revive the economy could undermine a fragile U.S. recovery

Wen Says China Doesn't Seek Trade Surplus with U.S.

China's premier has told President Barack Obama that Beijing doesn't seek a trade surplus with the U.S.

Delta, Skyteam Offer JAL $1 Bil. to Dump American

Delta Air Lines and its alliance partners said Wednesday they are making a billion dollar offer to lure loss-making Japan Airlines from its affiliation

Beijing Court Blocks Sales of Some Windows Versions

A Beijing court has ordered Microsoft Corp. to stop selling some versions of its Windows operating system

Korean Regulator Approves iPhone

South Korea's telecommunications regulator cleared the way Wednesday for the launch of Apple's iPhone

Saks Surprises with Q3 Profits

Luxury retailer Saks Inc. eked out a profit for the first time in six quarters, even though its sales fell, by trimming expenses and scaling ...

Coca Cola Bets on China, India for Fast Growth

Coca-Cola Co. seeks to double its business in the next decade as it caters to the expected billion people worldwide who will join the middle ...

Singapore Economy Grows for 2nd Straight Qtr

Singapore said its economy would expand as little as 3 percent in 2010, well below the high growth rates of past years

Nissan, FedEx Urge Massive Move toward Electric Cars

A group of businessmen on Monday launched a new coalition to urge the federal government to make a major investment in electric transportation, pointing to ...

China Solar Panel Giant to Build Plant in Phoenix

Gov. Jan Brewer on Monday announced plans for a Chinese-owned solar panel maker to build its U.S. headquarters and a manufacturing plant in the Phoenix

Korea Exchange, CME Partner for After-Hours Futures Trading

Exchange operators CME Group Inc. and Korea Exchange Inc. said Monday they will team up to offer customers after-hours futures

Stocks Jump on Upbeat Retail Data

Investors kept the stock market's upward momentum going Monday, sending shares sharply higher after retail sales rebounded more than expected

GM Reports $1.2 Bil. Loss, Sees Turnaround

General Motors Co. says it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better than it has reported in ...

Japan Reports Surprising 4.8% Growth in Q3

Japan's economy flexed more muscle than expected in the third quarter, as rekindled demand at home and abroad fueled its largest expansion

GE to Develop Aviation Electronics with China Firm

>General Electric's aviation unit is teaming with Aviation Industry Corp. of China to develop and market electronic systems for commercial aircraft customers

Sands to Resume Macau Casino Resort Construction

U.S. casino operator Las Vegas Sands Corp. plans to resume work in January on its multibillion-dollar gambling resorts in Macau after suspending construction

IPO Boom Looks to Continue into 2010

The flurry of initial public offerings this week is confirmation that this fall's rebound in the market wasn't a fluke and sets the stage for ...

China Warning to Banks Pushes Down Stocks

World stock markets fell Tuesday following big gains on Monday, with China's main index posting its biggest drop in three months

Citi Upgrades Global Growth Forecasts

Citigroup Inc. upgraded its 2010 economic growth forecasts for several countries on Monday, and said it expects a sustained but uneven global recovery next year.

Home Sales Growth Restarts Stock Rally

Investors halted stocks' three-day losing streak Monday, buying across the market on a range of factors including the weaker dollar and better-than-expected

Praxair to Sell Key Gases to China Solar Panel Maker

Praxair Inc.'s Chinese unit has signed a multiyear agreement to sell gases that MAGI Solar Energy Technology Co. will use to make solar cells and ...

Gold Hits Record High As World Markets Rally

World markets rose sharply Monday amid further hopeful signs about the economic recovery. Commodity stocks led the charge, particularly in London

California Squeezes into Europe's Olive Oil Monopoly

An oil boom is under way in California's agricultural heartland, as evolving tastes and a trend toward healthy fare have transformed a profession

Employers to Add Jobs Starting Q1

Economists expect the joblessness that has weighed down the nation's economic recovery will start to slowly abate in 2010, but they predict consumers will continue

Electronic Editions Save Some Papers from Sharp Declines

While U.S. newspapers are losing subscribers at a staggering rate, a few dailies stand out because their circulation is rising. But they aren't necessarily selling ...

Manufacturing Data Shows Accelerating Growth

An unexpectedly strong report on manufacturing activity Monday bolstered confidence that the nation's factories will help sustain an economic recovery.

Sony Hopes Online Service Will Build Brand Loyalty

Sony's new online service connecting the whole range of its gadgets to downloadable content like movies and games

Nissan Makes Bid for Electric-Car Leadership

The head of the Nissan-Renault alliance said Thursday that customers' adoption of electric vehicles will be a slow and gradual process, with traditional gasoline-powered cars

Old Navy Recovery Boosts Gap Profits

Shoppers spent more money at low-price Old Navy stores in the third quarter, helping

Dollar Rises, Stocks Fall on Weak Economic Data

Signs of a subdued economic recovery sent investors out of stocks Thursday and in search of safer assets like the dollar.

GM Analysts Predict Strong November Sales

U.S. auto sales could top an annual rate of 10.8 million in November, General Motors Co.'s top sales analyst said Thursday.

U.S., Japan Expected to Recover Faster than EU

The world's rich and developed economies will grow faster next year, but recovery will remain modest, with the U.S. and Japan outpacing Europe

Sony Chief Outlines Turnaround Plan

Sony said it aims to be profitable in gaming and flat-panel TVs by the fiscal year ending March 2011, pushing 3-D technology as a way ...

Toyota May Benefit from Powerful Friends in D.C.

Toyota has friends in high places in Washington, including some of the very people now investigating the Japanese automaker.

Nissan Returned to Profit in Q4

Japanese carmaker Nissan Motor Co. said Tuesday it booked a profit in the October-December quarter after a deep loss a year earlier

Apple Wins Smart Phone Sales at Blackberry's Expense

Apple Inc.'s iPhone gained a percentage point of U.S. smart phone market share while BlackBerry maker Research in Motion Inc. lost a point in the ...