BUSINESS: GOLDSEA

Subscribe for Free Updates

Subscribe Now to receive Goldsea updates!

Subscribe for updates on Goldsea: Asian American Daily

Subscribe Now

Business

China's Richest Communists Celebrate 60th Birthday

Public loudspeakers in the central square blare the village anthem hourly: "If you want to see a miracle, come to Huaxi." Not that any reminders ...

China Industrial Profits, Growth Improve in Q2

Profits at China's oil producers, steel makers and other major industrial companies fell 10.6 percent in the first eight months of 2009 from the same ...

Japan to Rescue, Restructure JAL

Japan's transport minister said Sunday he will not force the struggling Japan Airlines, Asia's biggest airline, into bankruptcy. "We will not crush and liquidate (the ...

Many Publishers to Start Charging for Online News

With their advertising revenue drying up, newspaper publishers spent much of the spring and summer debating whether to cut off free online access to some ...

New Home Sales Rise but Below Expectations

New U.S. home sales posted a tepid 0.7 percent increase last month, missing Wall Street expectations and providing more evidence that the housing market recovery ...

China to Top Global Auto Sales in 2009

China's auto sales should soar to 12.6 million units this year, up 35 percent from 2008, boosted by subsidies that the industry is lobbying Beijing ...

China Ties Banker Pay to Risk, Rejects Caps

China plans to link the pay of bankers to risks taken by their institutions but has no plans for salary caps, a government spokeswoman said ...

Ford Ramps Up China Expansion with 3rd Plant

Ford Motor Co. said Thursday it will invest $490 million to build an assembly plant in China to produce the next-generation Focus compact car, which ...

Rim Outlook Weak on New Phone Delays

BlackBerry maker Research In Motion Ltd. reported a drop in fiscal second-quarter profit Thursday because of charges for a patent settlement and said revenue for ...

Stocks Fall After Home Sales Data Shows Drop

Investors pulled away from stocks after an unexpected drop in home sales and a slide in oil prices fanned worries about the pace of the ...

World Stocks Fall on Jitters Over Possible Stimulus Cuts

World stock markets fell Thursday amid a big drop in oil prices and as investors worried that support measures for the fragile global economy will ...

Japan Air Lines Seeks Bailout

The president of Japan Airlines said Thursday the money-losing carrier is applying for public funds to help turn around a company that's been pummeled by ...

Falling Exports Keep Japan Mired in Recession

Japan's exports tumbled 36 percent in August — with car shipments falling by half — and imports also contracted sharply, the government said Thursday, showing ...

Majority of Americans Still Troubled by Economy

One year after Wall Street teetered on the brink of collapse, seven out of 10 Americans lack confidence the federal government has taken safeguards to ...

Shane Kim to Retire from 14-Year Post As Xbox Guru

Shane Kim, the Microsoft Corp. executive who oversaw the growth of its video game business from the original Xbox and through such hits as "Halo" ...

Retail, Manufacturing Data Boost Wall Street

Investors waded deeper into the stock market Tuesday as a batch of economic reports provided mostly upbeat signals about the economy. Retail sales jumped in ...

Japan Air Lines Hopes to Conclude Merger Talks Soon

Struggling Japan Airlines Corp. said Tuesday it aims to conclude tie-up talks with foreign carriers by mid-October and announced plans to slash 14 percent of ...

August Retail Sales Up Mainly on Auto, Gas

Consumers bought hundreds of thousands of cars in August due mainly to the government's popular Cash for Clunkers program, but economists expect Americans didn't boost ...

Citi Plans $5 Bil. Stock Offering to Cut Fed Holdings

Citigroup is considering a plan in which the Treasury Department would sell part of its holdings in the bank, while the New York-based company would ...

New Electrics Grab Focus at Frankfurt Auto Show

Sales have plunged, General Motors Co. has emerged from bankruptcy and Chrysler has been taken over by Italy's Fiat. The past year's turbulence will be ...

Yahoo Gains $150 Mil. on Sale of Alibaba Stake

Yahoo has cashed out of its investment in China's leading e-commerce site, Alibaba.com. The sale announced Monday is expected to generate a pretax windfall of ...

JAL Shares Surge on American, Delta Interest

Shares of Japan Airlines Corp. surged Monday amid speculation that American Airlines and Delta Air Lines are vying to buy stakes in the money-losing carrier. ...

NEC, Casio, Hitachi to Merge Cell Phone Business

Japanese electronics makers NEC Corp., Casio Computer Co. and Hitachi said Monday they will combine their mobile phone handset-manufacturing operations by April next year in ...

IRS Eases Commercial Mortgage Refinancing Rules

The IRS issued new rules Tuesday designed to make it easier to refinance some commercial real estate loans in an effort to curb the number ...

World Markets Rattled by U.S.-China Tire Tariff Dispute

European and Asian markets fell Monday, shaken by news of a trade dispute between the U.S. and China over tariffs on tires. Germany's DAX fell ...

U.S. Banks Return to Risky Investments

A year after the financial system nearly collapsed, the nation's biggest banks are bigger and regaining their appetite for risk. Goldman Sachs, JPMorgan Chase and ...

Last U.S. China Maker Survives on Vintage Design

Born of the Great Depression, it was a glossy, color-saturated line of cups, bowls and plates meant to affordably brighten lives and dinner tables. Seven ...

American, Delta Mull Stake in JAL

American Airlines parent AMR Corp. is negotiating for closer ties and possibly an investment in financially troubled Japan Airlines Corp., according to a person familiar ...

Airlines Cut Flights to Lowest Level Since 2001

The U.S. airline industry is shrinking to a size not seen since the months after the 2001 terror attacks. The airlines have been trimming flights ...

Struggling JAL Considers Tieup with Air France-KLM

Struggling Japan Airlines Corp. has entered talks with Air France-KLM over a capital tie-up, a newspaper said Saturday. Asia's biggest airline hopes to expand its ...

GM Rescinds Spring's White-Collar Pay Cuts

General Motors Co. has rescinded white-collar pay cuts it made last spring as it desperately tried to conserve cash and avoid filing for bankruptcy protection. ...

World Stocks Rise on Good News from China, U.S.

European and Asian stock markets rose Friday on strong economic data from China and comments by U.S. Treasury Secretary Timothy Geithner, who said the financial ...

China Output, Consumer Spending Surged in August

China's recovery gained momentum in August as stimulus spending helped boost industrial output, investment and retail sales in the world's third-largest economy, offsetting a slump ...

U.S. Net Worth Grew for First Time Since 2007

Americans' wealth rose this spring for the first time in nearly two years, with stocks and home values gaining as the recession faded. Still, household ...

Meltdown Shattered Cherished Assumptions About Investing

The stock market bounced back, just as it has for nearly three decades. It just doesn't feel that way. Last year's financial meltdown knocked the ...

Young Americans Seek Careers in China

When the best job Mikala Reasbeck could find after college in Boston was counting pills part-time in a drugstore for $7 an hour, she took ...

China Says State Firm Profits Fell Last Year

Profit at China's top state-owned companies fell 30 percent last year, hurt by the global financial crisis, but assets have increased. The 141 banks, airlines, ...

Suburban Families Downsize from SUVs to Crossovers

Suburban mom Shana Rampersad is looking for a new family car, and it's got to be fuel efficient, stylish and roomy. That eliminates sedans, sport ...

Multinationals Break Vietnam Laws Promoting Breast-Feeding

Multinational companies in Vietnam sell baby formula so aggressively that they routinely stretch and sometimes break laws designed to promote breastfeeding, an AP investigation has ...

Stocks Resume Rally After Brief Break

Investors popped the stock market's rally back in gear Friday after analyst upgrades boosted their optimism about the economy. A 36-point advance in the Dow ...

Arena's Obesity Drug Effective but Disappointing

Arena Pharmaceuticals Inc. says its obesity drug candidate lorcaserin succeeded in a clinical study, but the drug did not appear to be as effective as ...

Housing, Jobless Data Show Fragile Recovery

Adding to evidence the recession has ended, housing construction rose in August and fewer laid-off workers sought jobless aid last week. Still, the reports suggested ...

World's Carmakers All Aboard Electric Bandwagon

The race is on among the world's auto companies to make electric cars go farther on a single charge, bring the price down to compete ...

Japan Fears Deflation on Record Drop in Prices

The government says prices in Japan tumbled at a record pace in August amid growing worries about jobs and wages. The country's core consumer price ...

New Jobless Claims Rose Last Week

The number of newly laid-off workers seeking unemployment benefits likely rose last week, evidence that jobs remain scarce. Wall Street economists forecast that first-time claims ...

Kodak to Shore Up Balance Sheet with Capital Infusion

Eastman Kodak Co. said Wednesday it expects to raise up to $700 million through a series of debt sales in an effort to shore up ...

China's BYD Sets Sights on Overtaking Toyota

Fast-growing Chinese battery and automaker BYD Co. is thinking big — really big. It aims to overtake Toyota Motor Co. to become the global auto ...

Asia Markets at New Highs for Year

Asian stock markets climbed to new highs for the year Thursday after strong U.S. industrial production data boosted confidence the world's largest economy is growing ...

Google to Turn Digital Library into Paperbacks

Google Inc. is giving 2 million books in its digital library a chance to be reincarnated as paperbacks. As part of a deal announced Thursday, ...

Manufacturers Lead Growth With Broad-Based Gains

Signaling that manufacturers are leading the economy into a recovery, output from the nation's factories, mines and utilities posted widespread gains in August. In a ...

[sharebar]