BUSINESS: GOLDSEA

Subscribe for Free Updates

Subscribe Now to receive Goldsea updates!

Subscribe for updates on Goldsea: Asian American Daily

Subscribe Now

Business

Content Partners Sign Up for Google TV's October Launch

Google Inc.'s effort to wed Web surfing with television viewing is gathering more support from major media outlets that distribute some

Foreigners Find Irresistable Deals in U.S. Housing Bust

The Viceroy, a swanky condominium complex in downtown Miami, gives the impression that the United States is in another real estate boom.

Feds Sue 3 Major Credit Card Cos., Settle with 2

The Justice Department on Monday sued the three largest U.S. credit card companies for anticompetitive practices and reached a proposed settlement

Toyota Repaired 3.7 Mil. Cars Under Recalls

Toyota Motor Corp. said Monday it had fixed about 3.7 million vehicles in the United States as part of its massive safety recalls, citing progress

Poor Americans Bear High Cost of Going Bankless

The nickel-and-diming never stopped. The fees were constant: $28 to cash a paycheck. $1.50 for a money order.

Asia Stocks Up, Europe Down Ahead of U.S. Data

The continued relative strength of the yen hurt Japanese stocks earlier and the Nikkei 225 stock average closed down 23.17 points

Japan Approves New $61 Bil. Stimulus Package

The Japanese Cabinet has approved 5.05 trillion yen ($61 billion) in new measures to stimulate the country's economy.

China Buys a Third of Chesapeake's S. Tex Oil Field

China's state-owned offshore oil and gas company has bought a one-third interest in 600,000 acres that Chesapeake Energy leases in a South

Google Tests Self-Driving Cars on Calif. Roads

Google Inc. is road-testing cars that steer, stop and start without a human driver, the company says.

China Signals Gradual Rise in Yuan Value

The head of China's central bank says he agrees that appreciation of his country's currency should accelerate but repeated Beijing's insistence

China Oil Co Signs Big Gas Deal with French Utility

Chinese offshore oil and gas company CNOOC agreed Saturday to buy 2.6 million tons of liquefied natural gas from French utility GDF Suez SA.

Wholesale Buying, Inventories Rise

Businesses have been restocking store shelves since the recession ended, a sign that they expect the economic recovery to continue.

95,000 Jobs Lost in Sept on Massive Gov't Layoffs

A wave of government layoffs in September outpaced weak hiring in the private sector, pushing down the nation's payrolls by a net total of 95,000 ...

China Launches Quest for Domestic Potash Sources

China has launched a search for domestic sources of potash to ensure stable supplies of the mineral used in fertilizer, a state news agency said ...

Honda Fit Hybrid Goes on Sale in Japan

Honda's new hybrid Fit subcompact went on sale in Japan on Friday as the automaker expands its green car lineup that already includes the Insight

PayPal iPhone App Allows Check Deposits

Betting you wouldn't trek to your bank or the closest ATM if you didn't have to, PayPal has added a feature to its free iPhone ...

Sanofi-Aventis Launches Hostile Bid for Genzyme

France's Sanofi-Aventis on Monday launched an $18.5 billion hostile takeover offer for Genzyme Corp., stepping up its effort to capture

Consumers Cut Credit Card Use for 24th Month

Consumer borrowing fell again in August as consumers cut back on credit card use for the 24th consecutive month, the Federal Reserve said Thursday.

Retail Sales Grow More Than Expected

Retailers reported surprisingly solid sales gains for September, boosted by back-to-school shopping, much of it pushed into September by parents

PepsiCo Revenues Soar on Overseas Growth

PepsiCo's third-quarter net income rose 12 percent on strong sales gains abroad and strength in its drinks and Frito-Lay snacks.

World Markets Flat, Dollar Slides Awaiting Fed Move

World stock markets were steady Thursday ahead of European interest rate decisions and the start of the U.S. corporate earnings reporting season

Toyota Steps Up Efforts to Win Back Customers

Aiming to win back customer trust after its string of recalls, Toyota Motor Corp. is offering American buyers of new Toyota- and Scion-brand vehicles

Japan Forex Reserves Hit New High After Failed Intervention

Japan's foreign exchange reserves hit an all-time high in September after the central bank intervened in currency markets for the first time

Samsung Expects Earnings to Fall Below Record

Samsung Electronics, the world's biggest seller of computer memory chips, forecast Thursday that third-quarter operating profit likely eased

Verizon Wireless to Roll Out 4G in 38 Cities

Verizon Wireless said Wednesday that its new wireless broadband network, which offers higher data speeds initially for laptop users

Cisco to Sell HD Home Video-Conferencing Box

Cisco Systems Inc., seeking to become a bigger name in consumer electronics, said Wednesday that it's going to start selling a $599 box

World Stocks Slip on Euro Debt Fears, Yen Action

World stock markets fell sharply Tuesday amid renewed worries over Europe's government debt crisis and a report that the Federal Reserve

Digital Reading Squeezes Out Finland's Paper Mills

Shielded from the deafening roar and searing heat of Paper Machine No. 4, factory foreman Reino Mustonen watches from his glassed-in office

Asia Stocks Rise on Hopes of More U.S. Stimulus

Asian stock markets climbed Wednesday, supported by growing speculation that the Federal Reserve is likely to introduce more stimulus

Japan Business Confidence Rises for 6th Straight Quarter

Business confidence in Japan rose for the sixth straight quarter, but companies fear the improvement is temporary as cooling global growth

HP Reveals Rosy Outlook but Not Next CEO

Hewlett-Packard Co. offered a rosy financial outlook Tuesday without giving any guidance on the biggest issue hanging over the world's largest

Hulu Plus to Play on Roku, Tivo Set-Top Boxes

Hulu Plus, the $10-per-month online TV subscription service, will soon be available for users of Roku Inc. set-top boxes and Tivo Inc. subscribers

Recession Widens Rich- Poor Gap, Cuts Marriages

The recession seems to be socking Americans in the heart as well as the wallet: Marriages have hit an all-time low while pleas for food ...

Coca-Cola to Invest $1 Bil. in Philippines

Coca-Cola Co. said Tuesday it will spend $1 billion in the Philippines over the next five years to expand its presence in the fast-growing market

Toys R Us to Hire 45,000 Workers, Plans Stock Sale

Toys R Us will hire about 45,000 employees to help with the holiday season, doubling its U.S. work force.

LG Chem Adds Mitsubishi Motors As Battery Client

Mitsubishi Motors became the latest automaker to sign Korea's LG Chem as the battery supplier for its upcoming electric and hybrid vehicles

Cheap, Hi-Tech Toys Top Christmas List

This year's hot holiday toys are high-tech - and low-price. From tiny remote-control cars from Mattel to nearly paper-thin electronic guitars

China Studio Buys Stake in Hollywood Production Firm

The Hollywood production house behind hits including "Clash of the Titans" and "Inception" has sold a 3.3 percent stake to a Chinese studio

ADB Raises Asia Growth Forecast to 8.2%

The Asian Development Bank raised its forecast for the region's economic growth this year, crediting a rapid recovery in exports even as it warned

Blackberry Maker Unveils Small Tablet for Business

The company that gave us the BlackBerry — still the dominant phone in corporate circles — thinks its business customers will have room in their ...

Wal-Mart Bids $4.25 Bil. for S. Africa's Massmart

Wal-Mart-Stores Inc. says it has offered to buy South African retailer Massmart Holdings Ltd. for approximately $4.25 billion.

Nestle to Expand Herbal Medicine Business

Nestle plans to plow hundreds of millions of dollars into expanding its medical nutrition business over the next decade, hoping to capitalize

Asian Stocks Enjoy Bounce After Holidays

Asian stock markets kicked off a new week of trading in good spirits, encouraged by an improvement in U.S. economic indicators and higher metal prices.

Hyndai Recalls 2011 Sonatas for Steering Glitch

Hyundai Motor Co. said it is voluntarily recalling 139,500 Sonata sedans in the U.S. because of a manufacturing defect that could cause drivers

IRS Cuts Down Iffy Tax Break Disclosures for Big Corps.

The Internal Revenue Service is scaling back a new requirement that large corporations disclose on their tax returns whether they are taking

Growth in Durables Orders Sends Stocks Up

Stocks resumed a September rally Friday as traders were encouraged that orders for manufactured goods excluding the volatile transportation

BP Says It Paid $11.2 Bil. on Gulf Oil Spill Claims

BP PLC said Friday that it has pledged royalty revenues from several Gulf of Mexico assets to guarantee payment of claims from the disastrous

Toshiba Unveils Glasses-Free 3-D TVs

Toshiba Corp. believes it has a solution for television viewers who like 3-D but hate the glasses.

Verizon Wireless May Refund $90 Mil. in Web Fees

Verizon Wireless could pay out up to $90 million in refunds to cell phone customers who were improperly charged for inadvertent Web access or data

BOA Forced to Delay Foreclosures in 23 States

Bank of America is delaying foreclosures in 23 states as it examines whether it rushed the foreclosure process for thousands of homeowners

[sharebar]