BUSINESS: GOLDSEA

Subscribe for Free Updates

Subscribe Now to receive Goldsea updates!

Subscribe for updates on Goldsea: Asian American Daily

Subscribe Now

Business

Empire State Building Owner Fights Proposed Rival

Look at Manhattan from afar, and the first thing you notice is the Empire State Building, spiking like a needle above the carpet of skyscrapers

Nikkei Leads World Markets Down

Japan's Nikkei index led world markets lower Tuesday as the yen's rise to a fresh 15-year high against the dollar and a nine-year best against ...

Top China Mortgage Bank Unfazed by Price Declines

Recent declines in real estate prices will have little impact on operations, said Pang Xiusheng, Chief Risk Officer of China Construction Bank.

Taiwanese CEO Barred from Leaving U.S. Pending LCD Probe

The chief executive of a leading Taiwanese LCD screen maker has been barred from leaving the U.S. during a U.S. Justice Department probe

AIG Repays $4 Bil. in Government Loans

In its single biggest repayment of bailout loans so far, American International Group Inc. said Monday it is paying back nearly $4 billion

HP Tops Dell Offer for Storage Innovator 3Par

Hewlett-Packard Co. is bidding $1.5 billion for data storage provider 3Par Inc., just a week after rival Dell Inc. agreed to acquire the company for ...

Tiffany Profits Jump 19% on Global Growth

Tiffany & Co.'s second-quarter net income rose by 19 percent as the luxury jeweler's revenue rose as shoppers bought more of its products

China Leads World in Top Global Selling Products

China led the world in global top-selling products with 1,210 items in 2008, according to a Korea International Trade Association analysis

LG to Unveil Super-Thin LED TV

LG Electronics Inc. will unveil an 8.8-milimeter-thick LED TV at the annual Berlin IFA consumer electronics show in September, the company announced

Eurozone Confidence Rises Again in August

Economic confidence in the 16 countries that use the euro rose to its highest level in nearly two-and-a-half years during August

Asia Stocks Lead World Markets in New Rally

Japanese stocks led the way in world markets Monday after the country's central bank eased monetary policy again in its latest attempt

World's Airlines Returned to Profit in Q2

The International Air Transport Association says 47 major carriers it monitors to assess the industry's financial health reported a net profit

Asia Expects Robust Growth Despite Slowdown in West

Talk of the global economic recovery fizzling doesn't faze Cho Byung-cheol, president of a small South Korean technology company that has already

Prices Slashed on Unsold L.A. Architectural Gems

The home sale slump has left some dwellings designed by Frank Lloyd Wright and other architectural luminaries languishing on the Southern California

Intel Trims Q3 Forecast on Weakening PC Demand

Chip-maker Intel Corp. is cutting its sales forecast for the quarter, adding fresh evidence that a rickety economy is putting a damper

HP Tops Dell with $1.9 Bil. Offer for 3Par

3Par Inc. said Friday it has accepted computer maker Dell Inc.'s new offer of $1.8 billion which matches a bid for the data storage provider

Virgin Galactic Makes First Solo Glide Flight

Virgin Galactic's space tourism rocket SpaceShipTwo achieved its first solo glide flight Sunday, marking another step in the company's eventual plans

Boeing Announces More Delay in 787 Delivery

Boeing Co. said Friday it now expects to deliver its first new 787 jetliner in the middle of first quarter 2011, the second such delay

Asian Stocks Fall Ahead of Bernanke Speech

Most Asian stock markets fell in early trading Friday as investors nervously awaited a speech later in the day by Federal Reserve Chairman

Q2 GDP Growth Expected to Be Halved by Revision

The government is about to confirm what many people have felt for some time: The economy barely has a pulse.

Japan Consumer Prices Fall for 17th Straight Month

Japan says its consumer prices fell for the 17th straight month in July, as deflation kept a tight grip on the economy.

Dell Boosts Bid for 3Par After Dell Raises Offer

Hewlett-Packard Co. has again raised its bid for 3Par Inc. above an offer from rival Dell Inc., suggesting that the little-known data-storage maker

Toyota Recalls 1.33 Mil. Corolla Sedans, Matrix Hatchbacks

Toyota recalled 1.13 million Corolla sedans and Matrix hatchbacks Thursday because their engines may stall, the latest in a string of quality

1 in 10 Homes with Mortgages Face Foreclosure

One in 10 American households with a mortgage was at risk of foreclosure this summer as the government's efforts to help have had little

Stocks Slip Despite Drop in Jobless Claims

Stocks were mainly higher early Thursday after a drop in new claims for unemployment benefits relieved some of the market's worries

World Stocks Rise on U.S. Uptick, German Data

World stock markets mostly rose Thursday, helped by late gains on Wall Street and more strong German data, though apprehension over a slowing

GM's Record IPO Ends Gov't's Majority Stake

General Motors is returning to life as a public company Thursday with a stock offering worth potentially $23 billion, ending the government's role as majority

Stocks Slip on Worries Over China Tightening

Stock markets fell Friday after China took further steps to rein in lending and amid worries that a financial rescue package for Ireland is proving ...

Judge Rejects Dismissal of Toyota Acceleration Claims

A federal judge in California will consider a motion by Toyota Motor Corp. to dismiss lawsuits that claim there are sudden acceleration defects in its ...

Cable Co. Cox Enters Cell Phone Business

Cox Communications, the country's third-largest cable company, is launching its long-planned cellular network in three scattered areas on Friday

Leading Economic Indicators Rise Fastest Since May

A gauge of future economic activity grew in October after a summer lull, suggesting the U.S. economy will slowly start strengthening early next year.

Dell Profits Double As Businesses Upgrade

Personal computer maker Dell Inc. said Thursday that its net income for the latest quarter more than doubled as companies spent more to replace

GM Shares Surge As Trading Opens

General Motors stock began trading on Wall Street again Thursday, signaling the rebirth of an American corporate icon that collapsed into bankruptcy

World Markets Rebound from String of Losses

World stock markets rose Thursday as investors grew increasingly confident that details of an Irish financial rescue package will emerge over the coming

Ford Cuts Stake in Mazda to 3.5%

Japanese automaker Mazda says Ford is reducing its stake to 11 percent to 3.5 percent, but their partnership will continue in developing and marketing

Singapore Growth to Slow Sharply Next Year

Singapore's economic growth will slow sharply next year as U.S. and European demand for the island's exports weakens, the government said Thursday

Ukraine Rebounds Sharply on Global Steel Demand

Last year, the Ukrainian economy nearly collapsed in the global financial crisis as steel plants stopped production and construction cranes froze.

Airbus to Replace Up to 40 Superjumbo Engines

Up to half of the Airbus superjumbo engines of the type that disintegrated in flight on a Qantas plane may need to be replaced in ...

Toyota to Sell in Plug-In Hybrid in U.S., Japan, Europe

Toyota is planning to sell a plug-in hybrid car in the U.S., Japan and Europe in 2012, targeting sales of 50,000 vehicles a year at ...

Consumer Prices Show No Inflation Threat

Consumer prices rose moderately in October but there was little sign of inflation as the cost of autos, clothing and hotels fell.

Housing Construction Fell Sharply in October

Construction of new homes fell sharply in October, fresh evidence that the housing industry remains under duress. The Commerce Department says construction

China Challenges Boeing, Airbus with First 6 Orders

Commercial Aircraft Corp of China (COMAC) opened its challenge to Boeing and Airbus with its first 100 orders for its C919 single-aisle commercial

Target Profits Surge on Food Sales, Credit Card

Target Corp. reported that its third-quarter earnings rose 22.6 percent in the third quarter, helped by improvements in its credit card business

U.S. Homebuilder Sentiment Improves in Nov.

U.S. homebuilders battered by the worst summer for home sales in a decade are already looking ahead to spring, saying they feel somewhat

Stocks Fall on Anti-Inflation Measures in China, Korea

China's stock market plunged again Tuesday and prompted a retreat in European shares, as investors feared a slowdown in Asian growth and waited

Expanded GM IPO May Set New World Record

Investor demand for General Motors stock has been so strong that the company will expand its initial public offering by 31 percent, to 478 million ...

HP's Fortunes Seen As Bellwether of Tech Sector

Hewlett-Packard Co.'s results showed Monday how lopsided the recovery in technology spending has been. HP's results are a barometer

Foreign Banks Expect China Revenues to Surge

The 127 foreign banks operating in China have a miniscule market share but see big growth opportunities ahead.

Jeffrey Ng's Cortexica Models Human Visual Perception

Jeffrey Ng's Cortexica has developed software that models how human vision identifies objects.

Consumers Less Stressed Over Debt

Debt isn't stressing people as much as it had been, but consumers remain gun-shy about embarking on a big holiday spending spree.

[sharebar]