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Business

Monica Woo Tapped to Head Up Sears Marketing

On August 15 Monica Woo will become the new Chief Marketing Officer for Sears Holdings Corp

Toyota Plans Record Production in 2012

Toyota plans to produce a record 8.8 million vehicles in fiscal 2012 with new capacity in China, India, Brazil and the U.S.

S. Korea to Fine Apple Over Tracking Feature

The Korean unit of consumer electronics giant Apple will be fined over an iPhone feature that can track the location of users.

Ikea to Probe Counterfeit Store in China

A furniture store in southwestern China's Kunming is such an accurate copy of an actual Ikea store that the Swedish furniture giant is considering legal ...

Li Ka-Shing Makes Year's Top British Takeover Offer

Hong Kong's richest man is bidding $3.9 bil. for British utility Northumbrian Water Group.

Yuegang Zhang Boosts Battery Energy-Density

Yuegang Zhang pioneers the use of graphene to fortify fragile but efficient electrode materials.

S. Korea Surprised by Trade Deficit with EU After FTA

S. Korea suffered its first trade deficit with the European Union since 1997 after the bilateral free-trade agreement went into effect.

China's July Car Sales Suggest Stronger 2nd Half

A small but significant rise in China's July car sales and output is being seen as an encouraging sign of a rebound in the making ...

Honda's 2nd Quarter Profits Plunged 90%

Japan's number three carmaker saw profits for the April-June quarter plunge nearly 90 percent.

Hyundai-Kia Passes Ford for Global No. 5 Spot

The Hyundai-Kia Automotive Group posted 1 15.9 percent gain in units sold for the first half of 2011 to move into fifth place.

Brandon Wey Creates Marketplace for First Dates

Brandon Wey offers men a way to get first dates with attractive women.

Exports to China Helps Keep U.S. Economy in Black

U.S. GDP grew at an anemic 1.3 percent pace in the 2nd quarter thanks to a weak housing market and slowing consumer demand.

Vietnam Exports to Jump 38.5% in July

Vietnam will post $8.4 billion in exports in July on the strength of robust exports of food and commodities.

Antony Young Named CEO of Mindshare N.A.

On October 1 Antony Young will become CEO of WPP's Mindshare North America.

Nissan Aims to Double China Sales by 2015

Nissan is investing 610 billion yen ($7.81 billion) in the production and the marketing of 30 new models in China.

Xin Chen Uses Ultrasound on Tumors

Xin Chen is testing the use of MR-guided focused ultrasound to destroy hypoxic cancer cells.

Yi Cui Develops Transparent Batteries

Stanford professor Yi Cui has developed a transparent battery to improve the aesthetics of consumer electronics.

Andrew Yang Wants to Put Bright Minds in Poor Cities

Andrew Yang hopes to use his new non-profit to funnel bright business-minded college grads to economically-distressed cities.

Korea Develops Its First Small Passenger Plane

S. Korea will begin manufacturing small private planes and other civilian aircraft in 2014.

IMF Sees 9.6% Growth for China Amid Risks

China will continue to drive the global economy with a 9.6 percent GDP growth, the IMF forecasts.

Daihatsu Unveils Super-Fuel-Efficient New Car

Daihatsu Motor Co. will incorporate a radical fuel-saving technology called “e:S” into a new subcompact by the same name to debut in September.

Lenovo Posts Record $5.9 Bil. Sales in Q2

China's top PC-maker hopes to challenge Apple for a bigger share of the mobile internet market.

Toyota to Boost Domestic Output to 15,000 Units A Day

Toyota Motor plans to raise domestic daily output to 15,000 units by March, up from its current level of 12,000 units.

Lee Chen Named No. 1 Private Computer Hardware Vender

Lee Chen built A10 Networks from a one-man shop to the nation's leading computer hardware vender.

Samsung Surges on Patent, Jobs News, HP Rumors

Samsung Electronics is suddenly looking unbeatable as several pieces of news combined to give its shares a big boost Thursday.

Walmart Seeks China Growth in Small Cities

Walmart plans to maintain rapid China growth by focusing new stores in third-, fourth- and fifth-tier cities.

Japan to Lend $100 Bil. to Weaken Yen

Japan creates an emergency $100 bil. lending facility to combat the highest yen since World War II.

Justin Lin Signs Universal Studios Production Deal

Director Justin Lin has signed a two-year first-look production deal with Universal Pictures for his Barstorm Pictures.

China Consumer Confidence Slips but Still Strong

China's consumer confidence slipped 3 points in the second quarter, the first decline this year.

Toyota, Ford Tie Up for Hybrids, In-Car Systems

Toyota and Ford will jointly develop a hybrid system for light trucks and sport utility vehicles.

Janet Choi Links Celiac Disease to Infertility

Janet Choi has established a clear link between undiagnosed celiac disease and a significant percentage of infertility cases.

Groupon China Begins Mass Layoffs

Groupon China, known locally as Gaopeng, is laying off about a quarter of its employees and shuttering at least 13 branch offices.

China Nurtures Startups by Students Returning from Abroad

China has over 150 firms that help returning Chinese students start up new ventures

China May See Balanced Trade in 2012

Slowing exports to the West and import liberalization is cutting China's trade surplus to near zero.

Nikkei Hits 5-Month Low on U.S. Fears

On Monday the Nikkei stock index touched its lowest levels since March 15 on fears the U.S. economic recovery may be losing steam.

China Sees Hong Kong Role in Yuan Internationalization

Beijing's plans to use Hong Kong as a conduit for disseminating the yuan as a global exchange currency.

Another Foxconn Worker Plunges to His Death

Another young migrant worker adds to the long string of suicides plaguing Foxconn's manufacturing plants.

Dharmendra Modha Mimics Brain's Efficiency

IBM's Dharmendra Modha has taken another big step toward developing a computer that can match the human brain in efficiency.

China Raises Yuan Against Dollar to Fight Inflation

China lets the yuan hit record highs against the dollar as it focuses on controlling a surging inflation rate.

China-Japan Trade Hits Record High in 1st Half

The total value of trade between Japan and China during the first half of 2011 surged 17.9 percent.

China Continues Boosting Holdings of U.S. Treasuries

China added $5.7 billion of U.S. Treasuries in June despite growing pressure to diversify foreign reserves away from the beleaguered dollar.

Liming Dai Leads Air Force Nanomaterials Project

Liming Dai will lead a team to develop 3D nanomaterials with the unique properties found in flat nano-structures.

Toshiba to Build Major Energy-Efficient Community

Toshiba Corp. will develop one of the world's biggest energy efficient “smart communities” in Osaka Prefecture.

China Buys Foreign Firms at Record Pace

A growing hunger for consumer brands and industrial technology drove China's outbound M&As to record high levels

Japanese Firms Seek Relief in Overseas Operations

Over half of Japan's 105 leading firms plan to counter the strong yen, power shortages and falling share prices by expanding operations overseas.

Japan Q2 GDP Falls for 3rd Straight Quarter

Japan's economy shrank an annualized real rate of 1.3 percent in the April-June quarter.

S. Korea Hosts 716,000 Foreign Workers

A growing demand for labor by S. Korea's small firms has swollen the ranks of foreign workers to 2.9 percent of the total labor force.

H&M to Double Japan Stores by 2012

H&M will more than double the number of stores in Japan over the next year on exploding demand from fashion consumers.

Ming Chow Spots Big Security Holes in HTML5

The next big advance in web browsing could be a quantum leap in opportunities for hackers.

Japan Raises Forecasts As Economy Recovers

Japan revised upward its monthly economic forecasts as production and exports recover from the downturn following the March earthquake.