BUSINESS: GOLDSEA

Subscribe for Free Updates

Subscribe Now to receive Goldsea updates!

Subscribe for updates on Goldsea: Asian American Daily

Subscribe Now

Business

LG Expects to Sell 140 Mil. Cell Phones in 2010

LG Electronics Inc. said Wednesday that it expects a significant increase in mobile phone sales this year as it rolls out 20 new smartphones

German Economy Contracted 5% in 2009

Germany's economy contracted 5 percent in 2009 amid the global economic downturn, by far its worst performance since World War II

JAL Shares Plunge to 7 Yen on Bankruptcy Fears

Shares in troubled Japan Airlines Corp. plunged to just 7 yen Wednesday while the money-losing airline was expected to file for bankruptcy

China Seeks to Cool Growth on Rising Bubble Fears

China's lavish bank lending spurred a recovery but also pumped up markets as speculators scooped up stocks and property and even dabbled in garlic

China Mobile Vice-Chairman Fired for Past Corruption

China Mobile Ltd., the world's biggest phone company by subscribers, said Friday it has dismissed its vice chairman, who a business magazine reported

Google Defies China After Dissident Email Breached

Google Inc. will stop censoring its search results in China and may pull out of the country completely after discovering that computer hackers

China's BYD Unveils Practical Plug-In Crossover

The Chinese automaker BYD Co. that plans to sell an all-electric crossover vehicle in North America by year's end said Tuesday

China Takes Steps to Curb Lending, Prevent Bubble

China took new steps Tuesday to control bank lending, ordering institutions to set aside more reserves in a move to avert a surge in credit

American, Partners Sweeten JAL Support Offer

American Airlines escalated the bidding war for Japan Airlines to keep it from defecting to rival Delta's alliance, even as the money-losing Japanese carrier

China's Shanda Games to Buy U.S.'s Mochi Media

Shanda Games Ltd., a Chinese online gaming company, said Tuesday it will acquire U.S.-based Mochi Media Inc., in its latest move

Kodak to Get Royalties from Samsung in Licensing Pact

Eastman Kodak Co. said Monday it will draw royalties from South Korea's Samsung Electronics Co. under a licensing pact that gives the companies

Honda CR-Z Adds Sexy Lines, Zip to Hybrid Segment

Honda Motor Co. showed off the production model of the 2011 CR-Z, a sporty two-seater hybrid that will go on sale late summer in the ...

Toyota Plans Tiny Prius, Plug-Ins, Fuel-Cell Cars

Toyota unveiled a new hybrid concept car that is smaller than the Prius and geared toward younger buyers, part of the company's hybrid and alternative-fuel

Japan Auto Sales Fell to Lowest Level in 38 Years

Auto sales in Japan declined to their lowest in 38 years, slumping 9 percent to 2.9 million vehicles for 2009, an industry group said Tuesday.

Avatar Explodes to $4.8 Mil. Record Opening Day in China

Already a global hit, James Cameron's "Avatar" raced to a $4.8 million first day in populous China, with a publicist predicting the sci-fi blockbuster

Amazon Unveils Global Version of Kindle

Amazon.com Inc. will start selling an international version of its larger-screen e-reader, Kindle DX, in an effort to snag more sales

Billionaire Rajaratnam to Face New SEC Charges

Federal prosecutors said Tuesday they will file new charges against billionaire hedge fund operator Raj Rajaratnam alleging he made at least $36 million

Google Unveils Nexus One "Super-Mobile" Phone

Google Inc. began selling its own mobile phone Tuesday, a much-anticipated move aimed at protecting its online advertising empire

Big Carmakers End Awful 2009 with Strong Momentum

Big automakers are glad to see the end of 2009, the worst year for U.S. sales in nearly 30 years.

Powermat Expands Wireless Charging for Cell Phones

Powermat USA helped consumers cut some power cords last year by selling mats that juiced up gadgets placed on top of them.

Manhattan Home Sales Rose As Prices Fell in Q4

Home sales in Manhattan rebounded at the end of the year, but experts predict a weak recovery for the new year because the number of ...

Giant Bluefin Tuna Fetches $177,000 at Tsukiji Market

A giant bluefin tuna fetched 16.3 million yen ($177,000) in an auction Tuesday at the world's largest wholesale fish market in Japan.

Tower Opening Marks Abu Dhabi's Rise, Dubai's Decline

There's no greater symbol of the shifting fortunes in the Gulf than the surprise renaming of the world's tallest building in Dubai

China Pulls Out of $40 Bil. Australia Gas Deal

Energy giant PetroChina Co. Ltd. has pulled out of a $40 billion deal to buy natural gas from a project off Australia, leaving Woodside Petroleum ...

Apple to Unveil Tablet in January

Speculation intensified Monday that Apple Inc. will soon unveil a tablet-style gadget for consuming music, movies, books and other media.

Google Set to Unveil Own Branded Cell Phone

Google Inc.'s vision for how a mobile phone should be made and sold will likely raise the stakes in the Internet search leader's bid to ...

Obama Pushes Wireless to Rival Cable, Phone Service

The Obama administration is calling on federal regulators to make more radio spectrum available for wireless Internet services so they can compete

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.

Global Chip Sales Saw First Rebound Since Downturn

Global chip sales posted a year-over-year gain in November, according to the Semiconductor Industry Association, another positive milestone

China Manufacturing Grew at Fastest Rate Since 2004

China's manufacturing expanded in December for a ninth straight month as government stimulus spending boosted domestic demand

GM's China Sales Up 67% in 2009

General Motors Co. said Monday that 2009 sales in China by the company and its local partners rose 67 percent to a record 1.8 million ...

New CEO Expects 2010 Profits for Leaner GM

General Motors Co.'s chairman expects the automaker will be profitable this year and says hundreds of the 1,350 GM dealers

Bank of Korea Keeps Interest Rates at Record Low

South Korea's central bank left its key interest rate at a record low for an 11th straight month Friday amid government concern that a solidfying ...

Intel Takes Nano Lead, AMD Holds Graphics Edge

Intel Corp. rolled out new computer chips Thursday that highlight the company's lead over Advanced Micro Devices Inc. in its ability to shrink the circuitry

Prius Japan Sales Tripled to Top Spot in 2009

The Toyota Prius was the top-selling car in Japan last year — the first time a gas-electric hybrid has clinched that spot.

Ford Adds Tweets to Sync, LCD Panels to Most Cars

Ford Motor Co. is adding Twitter messages and Internet radio to its in-car entertainment and communication service, known as Sync

American Raises JAL Tieup Offer to $1.4 Bil.

American Airlines has dug deeper to save its relationship with Japan Airlines, raising the amount it is willing to invest in the ailing airline to ...

Boeing Orders Fell 90% in 2009

Boeing Co. said its customers ordered just 142 commercial airplanes last year as the recession forced airlines to shrink.

Department Stores Report Better December Sales

Department stores reported higher sales in stores open at least a year this December than last, and many raised their fourth-quarter forecasts.

China Rate Hike, U.S. Jobs Data Dampen Stocks

Chinese stocks led world markets lower Thursday after the country's central bank unexpectedly increased the interest rate on one of its treasury bills

China Will Stay Top Car Market Says GM Exec

China has probably passed the U.S. for good as the world's largest auto sales market, General Motor Co.'s top executive in China said Wednesday.

Proposed Delta-JAL Tieup Prompts Monopoly Fears

A group representing business travelers is opposing the proposed tie up between Delta Air Lines and money-losing Japan Airlines as bad for competition.

Samsung Profits Soared to $3.44 Bil. in Q4

Samsung Electronics Co. predicted Thursday an operating profit of up to $3.44 billion for the fourth quarter of 2009 as the world's top TV seller ...

Ford's China Sales Up 44% in 2009

Ford Motor Co. said Thursday sales in China by the company and its local partners soared 44 percent in 2009, highlighting the country's key role

LG to Introduce 3-D TV in May

LG Electronics says it will introduce its first 3-D-capable flat panel TVs for the U.S. market in May.

Hundreds of Dealerships Could Be Restored by GM

Hundreds of the 1,350 General Motors Co. dealers who lost their franchises last year could see them restored in a congressionally mandated arbitration

Apple Ally AT&T to Add Android Phone to Lineup

AT&T Inc. is adding cell phones running Google's Android operating system to its lineup, bringing what could be the iPhone's greatest rival

Cell Phones to Receive Free Local TV Broadcasts

The prospect of watching live, local TV shows on mobile phones and other portable devices is getting closer. Manufacturers this week are showing off

Ericsson to Cut 1,500 Jobs After Dismal Q4

Wireless equipment maker LM Ericsson AB on Monday said it will cut another 1,500 jobs this year after reporting a 92 percent drop in fourth-quarter ...

Toyota Expects Sales to Grow to 8.27 Mil.

Toyota said Tuesday it plans to sell 8.27 million vehicles worldwide this year, up 6 percent from 2009, showing the world's No. 1 automaker is ...