BUSINESS: GOLDSEA

Subscribe Now to receive Goldsea updates!

Subscribe for updates on Goldsea: Asian American Daily

Subscribe Now

Business

BOA Sells Stake in China Construction Bank for $7.3 Bil.

Bank of America Corp. sold part of its stake in ...

Obama Plan to Help Stricken Homeowners Keep Good Credit

The Obama administration is expected to expand its mortgage aid ...

China Retail Sales Jump 15%

Resilient demand from Chinese shoppers helped push retail sales up ...

Korea Unemployment Rate Falls to 3.8%

South Korea’s unemployment rate fell to 3.8 percent in April, ...

China Stimulus Boosts State Firms, Skips Entrepreneurs

Millions of Indians voted Wednesday in the final phase of ...

Whole Foods Q2 Profit Falls 32%

Whole Foods Market Inc. said Wednesday that its quarterly profit ...

GM to Export China-Built Cars to U.S.

General Motors Corp. plans to begin exports of vehicles made ...

Fomer Monster COO Convicted of Stock Accounting Fraud

The former president and chief operating officer of Monster Worldwide ...

Advanta to Close All Small Business Card Accounts

Advanta Corp., a credit card lender to nearly 1 million ...

Oil Continues Rise Despite Highest Inventories in 19 Years

Investor hopes that the U.S. recession may have bottomed out ...

Infrastructure Projects Skip Areas with Most Jobless

The billions in transportation stimulus dollars that President Barack Obama ...

Hitachi Reports Record Loss with Glum Outlook for 2009

Electronics maker Hitachi Ltd. posted the biggest ever annual loss ...

China April Exports Down 22.6%, Investments Up 30.5%

China’s exports plunged 22.6 percent in April from the year ...

Stimulus on Track to Save or Create 3.5 Mil. Jobs ...

The Obama administration is defending its claim that the $787 ...

Microsoft Prepares First Debt Offering of $3.75 Bil.

Microsoft Corp. priced a $3.75 billion debt offering on Monday, ...

Credit Card Bill Would Let Consumers Return to Old Rate

Consumers who are paying more in interest because they have ...

AIG Sells Japan HQ for $1.2 Bil.

Embattled insurer American International Group Inc. said Monday it is ...

Sony to Post First Annual Loss in 14 Years

Japanese electronics and entertainment company Sony Corp. reports its fiscal ...

China CPI Falls 1.5% in April on Lower Food

China’s inflation rate fell for the third month in a ...

Insight First Hybrid to Top Japan Car Sales

Honda’s Insight, billed as the cheapest gas-electric hybrid on the ...

Pang Used Fund As Personal Piggy Bank Says Receiver

A California financier accused in a federal fraud lawsuit treated ...

GM Chapter 11 Deemed Virtual Certainty

For General Motors Corp., the task at hand is so ...

Fiat's Triumphant Return to U.S. Stokes Italian Pride

In a perfect world, so the joke goes, the Germans ...

Luxury Goods Enjoy Boom in China

Clutching a fistful of shopping bags from designers Vivienne Westwood, ...

Obama Wants Credit Card Legislation by Month's End

Send me a bill that stops credit card companies from ...

Wall Street Ends Week Surgin on Jobs, Banks

As far as Wall Street is concerned there is no ...

Employment Data Boost Wall Street

Stock futures are extending their gains as the government says ...

Toyota Reports Record Losses

Toyota Motor Corp. lost 765.8 billion yen ($7.7 billion) in ...

Stress Test Results Lift Cloud of Uncertainty

Government exams of the nation’s biggest banks have helped lift ...

China Pledges Another Big Buying Spree in Europe

China promised Thursday to send its companies on new multibillion ...

Bank of America Shares Surge Ahead of Stress Test Results

Shares of Bank of America Corp. continued their rapid climb ...

China's Geely Bids for GM's SAAB

Chinese automaker Geely Automobile Holdings said Thursday it is bidding ...

Oil Hits 6-Month High on Surging Optimism

Oil prices jumped to almost $58 a barrel Thursday, extending ...

World Stocks Continue Climbing on U.S. Jobless Data

European markets extended their rally Thursday following key interest rate ...

Bank Stress Test Results Ease Worries, Boost Wall Street

Investors felt more confident putting their money into banks on ...

Korean Air Losses Jump on Weak Won

Korean Air Lines Co. said Thursday its first quarter net ...

Hitachi Reports Worst Manufacturing Loss on Record

Japanese electronics maker Hitachi Ltd. said Thursday its loss for ...

Validity of Bank Stress Test Questioned

Some of the nation’s largest banks will be scrambling to ...

Asia Agrees on Need to Cut Exports, Boost Consumption

Cutting Asia’s reliance on exports for growth has taken on ...

Oil Stays Above $54 on Recovery Hopes

Oil prices lingered above $54 a barrel Tuesday as growing ...

Market Buoyant Despite Pending Bank Stress-Test Results

Banks will be told today how they did on their ...

Biotech Profitable at Last but Squeezed by Recession

The U.S. biotech industry became profitable as a whole for ...

GM Plans 1-for-100 Reverse Stock Split

General Motors Corp. notified shareholders Tuesday it is planning a ...

IMF Projects 4.3% Growth for Asia in 2010 Recovery

Most Asian economies face a sharp contraction this year and ...

IT Giants May Be Hit Hard by Obama's Overseas Profits ...

President Barack Obama’s plan to impose U.S. taxes on corporate ...

GM's China Sales Surge 50% to Monthly Record

General Motors said Tuesday that sales in China soared 50 ...

Sanyo Reports Loss but Expects Profits This Year

Sanyo Electric Co. sank to an annual loss because of ...

Asian Stocks Rise on Hope of More Fed Action

Asian stock markets advanced Tuesday as hopes for more action ...

GM to Court SAIC, Other Foreign Investors for IPO

Investment bankers handling the upcoming General Motors Co. stock sale ...