BUSINESS: GOLDSEA

Subscribe for Free Updates

Subscribe Now to receive Goldsea updates!

Subscribe for updates on Goldsea: Asian American Daily

Subscribe Now

Business

News Corp Posts Profits on Advertising Rebound

News Corp., whose 20th Century Fox movie studio is still riding the tail wind of "Avatar" in movie theaters, said Tuesday it earned $254 million

Signs of Life in Housing Send Stocks Up

Signs of strength in the housing market pushed the Dow Jones industrial average to its second straight gain of more than 100 points.

GM Sales Up 14% in January, Toyota's Down 16%

Toyota Motor Corp.'s car and truck sales fell 16 percent in January, a month when the automaker recalled millions of vehicles and halted sales of ...

Softbank Profits Soar on iPhone Popularity

Softbank Corp., which operates the only Japanese carrier to offer the iPhone, said profit rose 41 percent in the October-December quarter

Iron-Ore Wars Show Limits of China's Economic Clout

China is pressing to turn its status as the world's biggest steel producer into clout over global miners and cheaper iron ore prices. But its ...

Sony Pictures Lays Off 450 on Declining DVD Sales

Sony Pictures Entertainment is laying off about 450 people mostly in the United States and leaving 100 positions unfilled in order to cut costs

Online Gamer Changyou.com Posts 34% Profit Jump

Changyou.com Ltd., which develops and operates multiplayer online games in China, posted a 34 percent jump in fourth-quarter profit Monday

Akio Toyoda Vows to Change Company's Ways

Toyota's president says he is changing the way the automaker does business as he addresses the safety problems that have led to the recall of ...

Silicon Valley Firm to Unveil Breakthrough Fuel Cell

A secretive Silicon Valley startup working on a new way to produce cleaner energy is taking the wraps off its product: a huge box of ...

Intel Suffered Hacker Attack Same Time As Google's

Intel Corp. has revealed that it was targeted by a "sophisticated" hacker attack this year at about the same time as a spying probe that ...

Toyota Says Recalls May Not Fix Acceleration Problem

Toyota's top U.S. official says the company's massive recalls may "not totally" solve the company's problems with unintended acceleration

Wall Street Bonuses Up 17% in Bailout Year

Wall Street bonuses were up 17 percent to over $20 billion in 2009, the year taxpayers bailed out the financial sector after its meltdown

100-MPH Lexus Ride to Set Tone for Toyota Hearing

Rhonda Smith's story of six miles of interstate terror, as her Lexus suddenly zoomed to 100 miles per hour, will set the mood Tuesday

China Unicom Denies Bidding on Nigerian Phone Co.

State-owned China Unicom Ltd. said Tuesday it has expressed interest in a technical role in the privatization of a Nigerian phone company but denied reports

Calif. Solar Project Gets $1.4 Bil. Federal Loan Guarantee

The Obama administration has given preliminary approval for $1.4 billion in loan guarantees for a massive solar-energy project in California's Mojave Desert.

$1.5 Bil. LAX Expansion Construction Begins

Construction began Monday on a $1.5 billion project to expand the international terminal at Los Angeles International Airport

Asian Stocks Slide on U.S. Consumer Confidence Drop

Asian stock markets slid Wednesday after a plunge in American consumer confidence magnified worries about the U.S. recovery.

Nordstrom Profits More Than Double

Carrying less inventory helped upscale retailer Nordstrom Inc. more than double its second-quarter profit compared with a year earlier

Toyota Records Subpoenaed by Federal Grand Jury

Toyota has received a subpoena from a U.S. federal grand jury for documents related to the unintended acceleration of its vehicles and problems in the ...

Lufthansa Pilots Strike Disrupts Air Travel

Thousands of travelers scrambled to find flights, trains, hotel rooms or rental cars on Monday after Lufthansa pilots began a four-day walkout over job

Asia Stocks Up on Strong Growth in Taiwan, Thailand

World markets rose Monday as concerns that U.S. borrowing costs may be increased later this year diminished ahead of a testimony

Campbell Soup Profits Up Despite Falling Sales

Campbell Soup Co.'s second-quarter profit rose on cost controls and favorable exchange rates even as U.S. soup sales waned.

Asian Stocks Rebound from U.S. Rate Hike Shock

Asian stock markets rose sharply Monday, recovering from a tumble last week when the U.S. central bank decided to pull back one of its emergency ...

Toyota Boasted of Saving $100 Mil. on Floor Mat Recall

Toyota officials claimed they saved the company $100 million by successfully negotiating with the government on a limited recall of floor mats in some Toyota ...

Toyota Dealers Launch Own Campaign to Reclaim Image

How rattled are Toyota dealers about the company's problems? Some dealerships nearly hired the same crisis public relations firm that handled the travails of socialite ...

Kohl's Profits Up on Strong Sales, Tight Inventory

Kohl's Corp. grew its profit in the fourth quarter as it kept its inventory levels lean and took advantage of shoppers' trend toward buying value-priced ...

Cell Phone Cameras Used for Mobile Police Surveillance

Police patrolling the Port of Los Angeles have a new tool to help improve surveillance at one of the nation's busiest ports.

Japan, Britain Data Shore Up World Markets

World markets rose Friday after solid Japanese and British economic data helped shore up investor optimism, a day after concerns about Greece's debt

China's Top State-Owned Studio Eyes Shanghai IPO

China's leading state-owned film studio is gearing up to offer shares on Shanghai's stock market by the end of the year, a senior executive

Japan Industrial Output, Retail Sales Grow

Japan's industrial output rose for the 11th straight month in January amid rising demand in China and elsewhere in Asia while retail sales

Toyota Crisis Spotlights Importance of Auto Electronics

Investigations into whatever is lurking behind Toyota's crisis of quality have put a spotlight on all that can go wrong with auto electronics

Stocks Fall on Jitters Over Pace of Recovery

Stocks tumbled Thursday as downbeat news about the nation's job market and debt loads in Europe revived fears that a global economic recovery

Toyota Faces More Hurdles to Business As Usual

Even as Toyota CEO Akio Toyoda wrapped up a grueling appearance before Congress, the head of the world's largest automaker wasn't leaving

Durables Orders Rise on Surging Aircraft Sales

Orders to U.S. factories for big-ticket manufactured goods shot up in January by the largest amount in six months, but the strength came from a ...

China Tightens Bank Lending Rules

Banking regulators in China have ordered institutions to tighten controls on risk and carefully scrutinize borrowers' ability to pay their debts

Gilette, PGA Move on Without Tiger Woods

The CEO of the Procter & Gamble Co. says he doesn't know whether golfer Tiger Woods will ever appear in another Gillette commercial

GM Effort to Sell Hummer to Chinese Firm Collapses

Hummer, the off-road vehicle that once symbolized America's love for hulking SUVs, has hit a dead end after its sale to a Chinese heavy equipment

Bloom Stays Secretive on Day Promised for Fuel Cell Debut

Bloom Energy, a richly funded Silicon Valley startup, had promised to debut its fuel-cells today. But the company revealed little and is keeping critical parts

Saks Loss Shrinks in Q4

Luxury retailer Saks Inc. reported Wednesday that its loss narrowed in the fourth quarter compared with last year, as results were helped by reduced

Sanyo Aims to Keep Top Battery Spot into Age of Plug-Ins

Sanyo is aiming to maintain its position as the world's No. 1 in rechargeable batteries in the years ahead, taking advantage of the size

Fishermen Rally Against Federal Catch Limits

Thousands of fishermen from around the country are gathering Wednesday in front of the Capitol to demand changes to a federal fisheries law

China Firm Seeks Private Equity to Close Hummer Buy

The planned purchase of General Motors Co.'s Hummer brand by a Chinese heavy equipment maker appears stalled by regulators

Hyundai Recalls Sonata to Replace Door Latches

Hyundai Motor on Wednesday announced a recall of about 47,000 of its new Sonata sedans to replace front door latches following a handful

Japan's Q4 GDP Grew at 4.6%

Japan's economy beat expectations in the fourth quarter, fueled by robust exports and a pickup in consumer demand at home.

Four Top U.S. Carriers Vie for Central Tokyo Route

The four biggest U.S. airlines applied on Tuesday for coveted slots at Tokyo's downtown airport, aiming to grab a bigger share of traffic

Metronics Introduces Brain-Stimulation Implants

Medtronic Inc. said Tuesday it began marketing two surgically implanted devices that are intended to help relieve symptoms for patients with neurodegenerative diseases.

Foreign Demand for U.S. Securities Falls

The government said Tuesday that foreign demand for U.S. Treasury securities fell by the largest amount on record in December with China reducing

Kraft Profits More than Treble on Rising Sales

Kraft Foods Inc. said Tuesday its fourth-quarter profit more than tripled on strength in developing markets and continued benefits

World Markets Cautiously Up on Barclays Earnings

World stock markets mostly rose Tuesday after strong earnings from British bank Barclays PLC and ahead of Wall Street's open following a public holiday in ...

Akio Toyoda Agrees to Answer More Questions

Toyota announced its president will answer more questions on the beleaguered company's massive global recall at a press conference Wednesday