BUSINESS: GOLDSEA

Subscribe for Free Updates

Subscribe Now to receive Goldsea updates!

Subscribe for updates on Goldsea: Asian American Daily

Subscribe Now

Business

Windows 7 Sales Fantastic in Japan Says Ballmer

Sales of Microsoft Corp.'s new Windows 7 operating system have been "fantastic" in Japan since its launch last month, CEO Steve Ballmer said Thursday.

PayPal May Soon Overshadow Parent eBay

Most people know eBay Inc. for its online marketplace, where deals abound on everything from gadgets to antique furniture. But soon, eBay's biggest business will ...

GM Decision to Keep Opel Arouses Indignation

Workers at automaker Opel planned walkouts to protest General Motor Co.'s decision not to sell the European subsidiary, while Germany's government vowed Wednesday to recover ...

Nissan Returns to Profit on China Sales Growth

Struggling Japanese automaker Nissan Motor Co. said Wednesday it climbed back into the black in the latest quarter and predicted a smaller yearly loss

iPhone Has Disappointing China Debut

Apple Inc.'s local partner has sold 5,000 iPhones since the smart phone's formal weekend debut in China, a lackluster start after analysts warned the company ...

Disney Theme Park Approved for Shanghai

China's planning agency has approved plans for a Disney theme park in Shanghai, the Walt Disney Co. said Wednesday, a major step toward setting a ...

Walmart.com Challenges Amazon in Book Price War

It was a weird day in the book price wars. The cost of John Grisham's "Ford County," officially released Tuesday, moved up and down like ...

Volkswagen, Audi Sales Up 11% on China Boom

German car maker Volkswagen AG said Friday that its group deliveries were up 11 percent on the year in October

Buffett Buys Burlington Northern for $34 Bil.

Warren Buffett's Berkshire Hathaway Inc. on Tuesday agreed to buy Burlington Northern Santa Fe Corp., making a $34 billion bet on the future of the ...

Ford Sales Rose 3% in October on Strong Demand

Strong demand for cars and crossovers lifted Ford's U.S. sales 3 percent in October, a positive sign for automakers who are hoping a healthier economy ...

Comcast to Launch E! News Asia in Hong Kong

One of America's best-known entertainment news shows is launching an Asian edition. Los Angeles-based E! Entertainment Television will launch a weekly half-hour edition

Ford to Raise $3.3 Bil. Through Stocks, Debt

Ford Motor Co. said Monday it will ask its lenders for extra time to repay at least some of the $10.1 billion borrowed under a ...

China Movie Studio to Seek Listing on NYSE

A third leading Chinese movie studio is aiming for a listing — this time on the New York Stock Exchange — as the country's entertainment ...

Asian Stocks Fall on Doubts About U.S. Recovery

Asian stock markets were mostly lower Tuesday despite improvement in U.S. manufacturing as doubts lingered about the durability of a rebound in the world's largest ...

Economic Data Boost Hope Recovery Gaining Momentum

Hopes for the fledgling economic recovery got a boost Monday from better-than-expected news on manufacturing, construction and contracts to buy homes.

Toyota to Replace Gas Pedals on 3.8 Mil. Cars

Toyota Motor Corp. said Wednesday it will replace accelerator pedals on 3.8 million recalled vehicles in the United States

Japanese Carmakers Boost Production, Sales

Honda Motor Co. set record production in Asia and China in October for the second straight month, leading a gradual and spotty recovery at Japanese ...

Japan's Recovery Threatened by Deflation, High Yen

Japan got word Friday that prices fell again in October, just as a surging yen threatens to worsen the deflation that is undermining the country's ...

Sony Pins Turnaround Hopes on 3D, OLEDs

A third to a half of the Sony Corp. TV sets sold annually will be packed with 3-D features by the year ending March 2013, ...

China Stimulus Could Fuel Trade Conflicts Says EU Report

China's stimulus spending has fueled massive overexpansion in industrial capacity that could drive a surge in low-priced exports amid weak global demand

Toyota Slashes Executive Bonuses 20%

Toyota is slashing bonus pay for managers as the Japanese automaker tackles a massive recall in the U.S. and deep losses for the second straight ...

Online Ad Revenues Show Quarterly Rebound

Online advertising revenue in the U.S. fell 5.4 percent in the third quarter from a year ago, as the sputtering economy kept its tight grip ...

Drop in Jobless Claims Prompts Small Rally

Stocks climbed Wednesday following a drop in weekly unemployment claims to the lowest level of the year and a rise in new home sales.

Tiffany Raises Outlook After Q3 Outperforms

Curbed discretionary spending pushed Tiffany & Co.'s U.S. sales lower in the third quarter, contributing to a 1 percent profit decline.

Asian Stocks Fall on Dubai Fears, Low Dollar

Asian stock markets tumbled Friday, with Hong Kong and South Korea down nearly 5 percent, as fears mounted over the fallout from Dubai's massive debt

Beijing Automotive Looks at Saab After Deal Collapsed

The Chinese automaker that had joined with Koenigsegg Automotive AB in bidding to buy Saab said Wednesday it regrets the Swedish luxury sports

Tire Prices Rise on Tariffs, Rising Demand

Tire prices are inflating. Tariffs on imports, lower supplies and higher demand from drivers buying winter tires are combining to jack up costs.

Saab Future Clouded After Sale Falls Through

A Swedish specialty automaker has backed out of a deal to buy Saab from General Motors Co., casting serious doubt on the future of the ...

Consumer, GDP Data Dampen Stocks

Stocks retreated from 13-month highs after a lackluster reading on consumer confidence and a report showing slower economic growth sapped

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

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

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

Japan Central Bank Boosts Money Supply

Japan's central bank decided Tuesday to further ease monetary policy by massaging the economy with cheap loans amid government pressure to respond

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.

Oct. Global Chip Sales Down on Year, Up on Month

Worldwide semiconductor sales fell 3.5 percent in October from a year ago, but rose from September as manufacturers ramped up production for the holiday season.

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 ...

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 ...

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

iPhone Arrives in Korea to Rockabilly, Lines

Tech-savvy South Koreans began getting their coveted iPhones on Saturday amid fanfare and expectations the communication and entertainment device

Horse Industry Monitors Dubai Crisis

The debt crisis in Dubai was being closely monitored Friday by buyers and sellers of high-end racehorses, but there was no immediate indication Dubai's ruler ...

Sina Sells Shares to Chao's V.I. Holding Company

Sina Corp., an operator of Chinese language Web sites, said Friday it has completed the sale of 5.6 million shares for $180 million to a ...