Bank of America Shares Surge Ahead of Stress Test Results
Shares of Bank of America Corp. continued their rapid climb Thursday, hours ahead of the expected announcement of bank stress test results and following a ...
Business
Oil Hits 6-Month High on Surging Optimism
Oil prices jumped to almost $58 a barrel Thursday, extending gains to near six-month highs on investor expectations that global economic growth may begin to ...
World Stocks Continue Climbing on U.S. Jobless Data
European markets extended their rally Thursday following key interest rate decisions and ahead of the formal release of the results for the U.S. government’s stress ...
Korean Air Losses Jump on Weak Won
Korean Air Lines Co. said Thursday its first quarter net loss widened as weakness in the South Korean won drove up costs denominated in dollars.
Bank Stress Test Results Ease Worries, Boost Wall Street
Investors felt more confident putting their money into banks on the eve of a government report card on big financial companies.
Hitachi Reports Worst Manufacturing Loss on Record
Japanese electronics maker Hitachi Ltd. said Thursday its loss for the fiscal year ended March will be bigger than its previous forecast, ballooning to 788 ...
Validity of Bank Stress Test Questioned
Some of the nation’s largest banks will be scrambling to demonstrate that they can raise capital after results of government stress tests leaked out, showing ...
IMF Projects 4.3% Growth for Asia in 2010 Recovery
Most Asian economies face a sharp contraction this year and a weak recovery in 2010 as global demand for the region’s exports struggles to rebound, ...
GM Plans 1-for-100 Reverse Stock Split
General Motors Corp. notified shareholders Tuesday it is planning a reverse stock split that would give them one share of new stock for every 100 ...
Biotech Profitable at Last but Squeezed by Recession
The U.S. biotech industry became profitable as a whole for the first time in 2008, a new report says, but the global financial crisis has ...
Market Buoyant Despite Pending Bank Stress-Test Results
Banks will be told today how they did on their “stress tests” and informed of regulators’ final decisions on how much capital they need to ...
Oil Stays Above $54 on Recovery Hopes
Oil prices lingered above $54 a barrel Tuesday as growing investor optimism about a recovery in the global economy supported prices above a month-long trading ...
Asia Agrees on Need to Cut Exports, Boost Consumption
Cutting Asia’s reliance on exports for growth has taken on new urgency as the global economic crisis sends trade into a tailspin. But many economies ...
GM's China Sales Surge 50% to Monthly Record
General Motors said Tuesday that sales in China soared 50 percent in April to a monthly record of 151,084 vehicles, thanks to strong demand for ...
IT Giants May Be Hit Hard by Obama's Overseas Profits Tax
President Barack Obama’s plan to impose U.S. taxes on corporate America’s overseas profits threatens to open a big crater in the financial statements of technology ...
Sanyo Reports Loss but Expects Profits This Year
Sanyo Electric Co. sank to an annual loss because of declining sales, the strong yen and rising material costs, but expects to muster a small ...
Yoshiki Sasai Builds Pituitary Gland from Stem Cells
Yoshiki Sasai has developed a technique to create transplantable pituitary glands from stem cells.
China Tax Revenues Jumped 27.4% in 2011
China saw a surge in tax revenues over last year, but the growth rate has been slowing from quarter to quarter.
Adidas Lowest in China Social Responsibility Ranking
Adidas was found to be the least socially responsible among 300 foreign and domestic enterprises in China.
Kim Jong-Il Death Rumor Roils Korean Stocks
A rumor that North Korean leader Kim Jong-il had died drove down the Korean stock market and sent the won falling Tuesday afternoon.
Hisataka Kobayashi Uses Light to Kill Cancer Cells
Hisataka Kobayashi has devised a technique to kill cancer cells using infrared light without harming surrounding tissue.
China to See Hotel Boom Under 12th Five-Year Plan
China will more than double the number of hotel rooms to 6.1 million by 2025.
Hong Kong No Longer Cheap for China Luxury Shoppers
Mainland Chinese may no longer find holiday shopping trips to Hong Kong such a bargain due to rising travel costs and shrinking discounts on the ...
GM May Block Saab Sale to Chinese Firms
The sale of Saab to two Chinese firms may be blocked by General Motors Co. on the ground that it would adversely impact its interests ...
China Developers Slash New Home Prices
China's residential developers have begun slashing home prices in response to rising inventories and slowing demand.
China Aims to Double Domestic Consumption by 2015
By year's end China will launch a program under its 12th Five-Year Plan (2011-2015) to expand domestic consumption into the nation's leading economic driver.
Buyers from China No. 2 in US Real Estate Market
Buyers from China are second only to those from Canada in snapping up US houses at bargain prices in the wake of the financial crisis.
Japanese High Schoolers Discover De-Coloring Bacteria
The problem of decolorizing waste water produced by the dyeing process may have been solved by a pair of Japanese high school students.
42% of Japanese Firms Miss 2012 Recruiting Targets
About 42% of Japanese firms have failed to recruit enough new graduates for the fiscal year beginning next April.
Yang Yang's LCD Panels Generate Electricity
Yang Yang's polarizing organic photovoltaic may solve the problem of depleted batteries in portable electronics.
FBI Probes $700 Mil. Payout to 2 Japanese Bankers
The FBI is investigating a $687 mil. fee paid by Olympus to a pair of Japanese bankers who operated a sleepy investment banking firm on ...
Seung-Wuk Lee Turns Viruses into Lenses, Scaffolds
Cal prof. Seung-Wuk Lee induces viruses to arrange themselves into useful structures.
China Pharmaceuticals Set to Overtake Japan's
China's pharmaceutical industry is set to overtake Japan's as the world's second largest.
Fiat's Wicked Small Racer Reborn at LA Auto Show
The Fiat 500 Abarth, which made its US debut at the 2011 LA Auto Show, is the car most likely to tempt driving enthusiasts who ...
Yi Cui Achieves Grid-Battery Breakthrough
Yi Cui's new electrode appears ideally suited for use in batteries for electric power grids.
Hacked Personal Data Widely Available in China
The personal data of 10 million China Mobile subscribers was just one batch of hacked data available for sale by a group recently arrested by ...
Foxconn to Add 300,000 Robots Without Layoffs
The world's largest electronics contract manufacturer will 300,000 robots to its assembly lines without cutting any of its 1.2 million workers in China,
Small Business Startups Surge Among Older Koreans
he number of S. Koreans over the age of 50 who are self-employed jumped to a record 3.1 million in October.
Tokyo, Osaka Bourses to Merge into World's No. 2
Tokyo Stocks Exchange Group Inc. (TSE) and Osaka Securities Exchange Co. (OSE) will merge in January 2013 to create the world's second-largest stock exchange.
Surging China Demand Drives Up Soy Bean Prices
Soybean prices have surged after China decided to import six to eight shiploads to replenish its national soybean stockpile.
Lin Yang Enables Hi-Res Free TV for Speeding Cars
Lin Yang's SuperTV technology lets cars on US freeways receive terrestrial digital TV broadcasts in 1080i resolution.
China's Growth to Remain at Robust 9.2% in 2012
Despite the government measures to ease inflationary pressures, China's economy will grow a robust 9.2 percent in 2012.
Beijing Home Prices Fell 5.1% During Past Year
The average price of a new apartment in Beijing fell 5.1% during the first 10 months of 2011 from a year ago to 14,083 yuan ...
Hong Kong Disneyland Begins Expansion Amid Red Ink
On Thursday Hong Kong Disneyland kicked off the first phase of an expansion aimed at allowing it ultimately to turn a profit.
China Imports Record Amount of US Pork
US pork imports to China hit a new high in September of 41,000 tons.
China LED Sector in Shakeout Amid Bright Prospects
China's LED makers are facing increasingly dark days ahead due to severe over-investment leading to cutthroat competition.
Rachel Roy Launches First Beauty Product
Fashion designer Rachel Roy draws on her love of dramatic, smudgy eye makeup to launch the Rachel Roy Eye Shadow Collection.
Expat Executives in China Happy with Work, Pay
Expats are pleased with China's dynamic, high-growth business environment and globally competitive compensation levels.
Yang Chen Uses Ocean Temperature to Predict Fires
Yang Chen's team has devised an accurate model for using ocean temperatures to predict forest fires.
Korean Firms Dump Binge Drinking for Healthier Outings
Progressive Korean corporations are abandoning the traditional after-work entertainments that have given Korean executives a worldwide reputation as hard-drinking karaoke fanatics.
Bank of America Shares Surge Ahead of Stress Test Results
Shares of Bank of America Corp. continued their rapid climb Thursday, hours ahead of the expected announcement of bank stress test results and following a ...
Oil Hits 6-Month High on Surging Optimism
Oil prices jumped to almost $58 a barrel Thursday, extending gains to near six-month highs on investor expectations that global economic growth may begin to ...
World Stocks Continue Climbing on U.S. Jobless Data
European markets extended their rally Thursday following key interest rate decisions and ahead of the formal release of the results for the U.S. government’s stress ...
Korean Air Losses Jump on Weak Won
Korean Air Lines Co. said Thursday its first quarter net loss widened as weakness in the South Korean won drove up costs denominated in dollars.
Bank Stress Test Results Ease Worries, Boost Wall Street
Investors felt more confident putting their money into banks on the eve of a government report card on big financial companies.
Hitachi Reports Worst Manufacturing Loss on Record
Japanese electronics maker Hitachi Ltd. said Thursday its loss for the fiscal year ended March will be bigger than its previous forecast, ballooning to 788 ...
Validity of Bank Stress Test Questioned
Some of the nation’s largest banks will be scrambling to demonstrate that they can raise capital after results of government stress tests leaked out, showing ...
IMF Projects 4.3% Growth for Asia in 2010 Recovery
Most Asian economies face a sharp contraction this year and a weak recovery in 2010 as global demand for the region’s exports struggles to rebound, ...
GM Plans 1-for-100 Reverse Stock Split
General Motors Corp. notified shareholders Tuesday it is planning a reverse stock split that would give them one share of new stock for every 100 ...
Biotech Profitable at Last but Squeezed by Recession
The U.S. biotech industry became profitable as a whole for the first time in 2008, a new report says, but the global financial crisis has ...
Market Buoyant Despite Pending Bank Stress-Test Results
Banks will be told today how they did on their “stress tests” and informed of regulators’ final decisions on how much capital they need to ...
Oil Stays Above $54 on Recovery Hopes
Oil prices lingered above $54 a barrel Tuesday as growing investor optimism about a recovery in the global economy supported prices above a month-long trading ...
Asia Agrees on Need to Cut Exports, Boost Consumption
Cutting Asia’s reliance on exports for growth has taken on new urgency as the global economic crisis sends trade into a tailspin. But many economies ...
GM's China Sales Surge 50% to Monthly Record
General Motors said Tuesday that sales in China soared 50 percent in April to a monthly record of 151,084 vehicles, thanks to strong demand for ...
IT Giants May Be Hit Hard by Obama's Overseas Profits Tax
President Barack Obama’s plan to impose U.S. taxes on corporate America’s overseas profits threatens to open a big crater in the financial statements of technology ...
Sanyo Reports Loss but Expects Profits This Year
Sanyo Electric Co. sank to an annual loss because of declining sales, the strong yen and rising material costs, but expects to muster a small ...
Yoshiki Sasai Builds Pituitary Gland from Stem Cells
Yoshiki Sasai has developed a technique to create transplantable pituitary glands from stem cells.
China Tax Revenues Jumped 27.4% in 2011
China saw a surge in tax revenues over last year, but the growth rate has been slowing from quarter to quarter.
Adidas Lowest in China Social Responsibility Ranking
Adidas was found to be the least socially responsible among 300 foreign and domestic enterprises in China.
Kim Jong-Il Death Rumor Roils Korean Stocks
A rumor that North Korean leader Kim Jong-il had died drove down the Korean stock market and sent the won falling Tuesday afternoon.
Hisataka Kobayashi Uses Light to Kill Cancer Cells
Hisataka Kobayashi has devised a technique to kill cancer cells using infrared light without harming surrounding tissue.
China to See Hotel Boom Under 12th Five-Year Plan
China will more than double the number of hotel rooms to 6.1 million by 2025.
Hong Kong No Longer Cheap for China Luxury Shoppers
Mainland Chinese may no longer find holiday shopping trips to Hong Kong such a bargain due to rising travel costs and shrinking discounts on the ...
GM May Block Saab Sale to Chinese Firms
The sale of Saab to two Chinese firms may be blocked by General Motors Co. on the ground that it would adversely impact its interests ...
China Developers Slash New Home Prices
China's residential developers have begun slashing home prices in response to rising inventories and slowing demand.
China Aims to Double Domestic Consumption by 2015
By year's end China will launch a program under its 12th Five-Year Plan (2011-2015) to expand domestic consumption into the nation's leading economic driver.
Buyers from China No. 2 in US Real Estate Market
Buyers from China are second only to those from Canada in snapping up US houses at bargain prices in the wake of the financial crisis.
Japanese High Schoolers Discover De-Coloring Bacteria
The problem of decolorizing waste water produced by the dyeing process may have been solved by a pair of Japanese high school students.
42% of Japanese Firms Miss 2012 Recruiting Targets
About 42% of Japanese firms have failed to recruit enough new graduates for the fiscal year beginning next April.
Yang Yang's LCD Panels Generate Electricity
Yang Yang's polarizing organic photovoltaic may solve the problem of depleted batteries in portable electronics.
FBI Probes $700 Mil. Payout to 2 Japanese Bankers
The FBI is investigating a $687 mil. fee paid by Olympus to a pair of Japanese bankers who operated a sleepy investment banking firm on ...
Seung-Wuk Lee Turns Viruses into Lenses, Scaffolds
Cal prof. Seung-Wuk Lee induces viruses to arrange themselves into useful structures.
China Pharmaceuticals Set to Overtake Japan's
China's pharmaceutical industry is set to overtake Japan's as the world's second largest.
Fiat's Wicked Small Racer Reborn at LA Auto Show
The Fiat 500 Abarth, which made its US debut at the 2011 LA Auto Show, is the car most likely to tempt driving enthusiasts who ...
Yi Cui Achieves Grid-Battery Breakthrough
Yi Cui's new electrode appears ideally suited for use in batteries for electric power grids.
Hacked Personal Data Widely Available in China
The personal data of 10 million China Mobile subscribers was just one batch of hacked data available for sale by a group recently arrested by ...
Foxconn to Add 300,000 Robots Without Layoffs
The world's largest electronics contract manufacturer will 300,000 robots to its assembly lines without cutting any of its 1.2 million workers in China,
Small Business Startups Surge Among Older Koreans
he number of S. Koreans over the age of 50 who are self-employed jumped to a record 3.1 million in October.
Tokyo, Osaka Bourses to Merge into World's No. 2
Tokyo Stocks Exchange Group Inc. (TSE) and Osaka Securities Exchange Co. (OSE) will merge in January 2013 to create the world's second-largest stock exchange.
Surging China Demand Drives Up Soy Bean Prices
Soybean prices have surged after China decided to import six to eight shiploads to replenish its national soybean stockpile.
Lin Yang Enables Hi-Res Free TV for Speeding Cars
Lin Yang's SuperTV technology lets cars on US freeways receive terrestrial digital TV broadcasts in 1080i resolution.
China's Growth to Remain at Robust 9.2% in 2012
Despite the government measures to ease inflationary pressures, China's economy will grow a robust 9.2 percent in 2012.
Beijing Home Prices Fell 5.1% During Past Year
The average price of a new apartment in Beijing fell 5.1% during the first 10 months of 2011 from a year ago to 14,083 yuan ...
Hong Kong Disneyland Begins Expansion Amid Red Ink
On Thursday Hong Kong Disneyland kicked off the first phase of an expansion aimed at allowing it ultimately to turn a profit.
China Imports Record Amount of US Pork
US pork imports to China hit a new high in September of 41,000 tons.
China LED Sector in Shakeout Amid Bright Prospects
China's LED makers are facing increasingly dark days ahead due to severe over-investment leading to cutthroat competition.
Rachel Roy Launches First Beauty Product
Fashion designer Rachel Roy draws on her love of dramatic, smudgy eye makeup to launch the Rachel Roy Eye Shadow Collection.
Expat Executives in China Happy with Work, Pay
Expats are pleased with China's dynamic, high-growth business environment and globally competitive compensation levels.
Yang Chen Uses Ocean Temperature to Predict Fires
Yang Chen's team has devised an accurate model for using ocean temperatures to predict forest fires.
Korean Firms Dump Binge Drinking for Healthier Outings
Progressive Korean corporations are abandoning the traditional after-work entertainments that have given Korean executives a worldwide reputation as hard-drinking karaoke fanatics.
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