BUSINESS: GOLDSEA

Subscribe for Free Updates

Subscribe Now to receive Goldsea updates!

Subscribe for updates on Goldsea: Asian American Daily

Subscribe Now

Business

Mazda to Raise $1.1 Bil. for R&D

Japanese automaker Mazda now expects about half the red ink it previously forecast for the fiscal year, crediting a rise in demand from "green" car ...

Consumer Spending Now Driven by Amazing Bargains

There has never been a better time to be a consumer. America is on sale. The Great Recession has caused massive job losses and hardship ...

China Tycoon Floats $8 Bil.-Plan for U.S. Green Cars

Yang Rong was once celebrated as a pioneering automobile entrepreneur who founded the first Chinese company to be listed on Wall Street. Then, seven years ...

Manhattan Apartment Sales Soared in Q3

Blink. What housing downturn? Sales of apartments and co-op units in Manhattan soared between 46 and 69 percent from the second to the third quarter, ...

Japan Consumer Spending Rose 2.6% in August

Japan's jobless rate fell and household spending climbed in August — a double dose of good news for the world's No. 2 economy though it ...

Yahoo to Spend $100 Mil. to Build Brand Buzz

Yahoo Inc. believes a lot of its good work has been overlooked by investors and the media so it's spending more than $100 million to ...

Falling Exports Keep Japan Mired in Recession

Japan's exports tumbled 36 percent in August — with car shipments falling by half — and imports also contracted sharply, the government said Thursday, showing ...

Honda Introduces Tiny Personal Mobility Device

Honda's new "personal mobility" device looks like a unicycle, but all you need to do to zip around on it — sideways as well as ...

Baidu Founder Robin Li a Rock Star in Google Country

The billionaire founder of a popular search engine drew a big crowd Wednesday at Stanford University — and it wasn't one of the guys that ...

Top Russian Tycoon to Buy New Jersey Nets

Could the New Jersey Nets become the Nyets? The basketball team once known as the New Jersey Americans is a step closer to being owned ...

Stocks Take Break from Rally Ahead of Fed Decision

Stock futures are creeping higher Wednesday as investors await the Federal Reserve's decision on interest rates. Markets overseas were mixed. Asian markets fell slightly overnight, ...

Choosy McDonald's Sets Rules for Potato Farmers

From the fields of Idaho to tasting rooms in suburban Chicago, potato farmers, researchers and industry representatives are in the midst of an elusive hunt: ...

Fed Likely to Leave Supports in Place

Nurturing a nascent recovery, Federal Reserve policymakers are sure to leave a key interest rate at a record low and probably will keep other economic ...

Ford Adds Low-Cost Compact to India Lineup

Ford Motor Co. will manufacture a low-cost compact car in India from early next year, the automaker said Wednesday, as it seeks to boost sales ...

Japan Air Lines Seeks Bailout

The president of Japan Airlines said Thursday the money-losing carrier is applying for public funds to help turn around a company that's been pummeled by ...

World Stocks Gain on Upbeat Asia Assessment

European stock markets followed Asia higher on Tuesday after the Asian Development Bank upgraded its growth forecasts for major economies like China and India and ...

Suntory Bids $2.7 Bil. for European Drink Maker Orangina

Japan's Suntory Holdings has made a binding offer to buy European drink maker Orangina from private equity firms Blackstone and Lion Capital, the equity firms ...

Singapore Cuts Citigroup Holdings to Below 5%

A Singapore sovereign wealth fund said Tuesday it has cut its stake in Citigroup Inc. from 9 percent to below 5 percent, reducing its holding ...

Facebook Scraps Beacon Tracking to Settle Lawsuits

Facebook is shutting down its much-maligned Beacon marketing program, launched nearly two years ago amid fanfare only to generate a storm of privacy complaints over ...

August Leading Indicators Higher Than Forecast

A private forecast of economic activity rose in August for the fifth straight month, the latest sign the recession has ended. The Conference Board said ...

Dell to Buy Perot Systems for $3.9

Dell Inc. plans to buy the technology services company Perot Systems Corp. for about $3.9 billion as it tries to expand beyond the PC business ...

Intel's Hardball Sales Tactics Detailed by EU

The European Union on Monday published e-mail excerpts from computer makers and Intel Corp. to show that Intel pressured chip buyers into choosing Intel over ...

Emmies Show Acknowledges Decline of TV

A year after its least-watched telecast ever, the Emmy Awards plaintively acknowledged TV's changing role in the Internet age, bringing a collective sense of reckoning ...

Japan to Rescue, Restructure JAL

Japan's transport minister said Sunday he will not force the struggling Japan Airlines, Asia's biggest airline, into bankruptcy. "We will not crush and liquidate (the ...

California Tax Panel Recommends Total Overhaul

A commission charged with reforming California's tax structure will recommend repealing the state sales and corporate taxes, flattening the income tax rate and taxing businesses ...

China Gives Bombardier $4 Bil. Hi-Speed Train Contract

Train maker Bombardier Inc. said Monday its Chinese joint venture has been awarded a $4 billion contract to build 80 high-speed trains for China's railway ...

Asian Stocks Fall on Strengthening Currencies

World stocks fell Monday after disappointing data from the U.S. undermined hopes of a fast economic recovery and a sharp strengthening in Asian currencies hurt ...

Fox Cable News Wins Big by Catering to Angry Wingnuts

Amplifying the nation's political division has been good business for Fox News Channel and MSNBC during this season of anger — but it may come ...

Xerox to Buy Affiliated Computer Svcs for $5.75 Bil.

Xerox has announced a deal to buy the business processing company Affiliated Computer Services for about $5.75 billion.

Airlines Add Baggage Fees to Europe, India, Canada

The big U.S. airlines are charging baggage fees on some international flights, generally coach tickets between Europe and the U.S. or Canada. What you should ...

China's Richest Communists Celebrate 60th Birthday

Public loudspeakers in the central square blare the village anthem hourly: "If you want to see a miracle, come to Huaxi." Not that any reminders ...

China Industrial Profits, Growth Improve in Q2

Profits at China's oil producers, steel makers and other major industrial companies fell 10.6 percent in the first eight months of 2009 from the same ...

Stocks Back in Black for 2010 Ahead of Jobs Data

Optimism about the government's February jobs report sent the Dow Jones industrials back into the black for 2010.

U.S. Banks Earned $5.2 Bil. Trading Derivatives in Q2

U.S. commercial banks earned $5.2 billion trading derivatives in the second quarter, as the level of risk eased in the global market for the complex ...

New Home Sales Rise but Below Expectations

New U.S. home sales posted a tepid 0.7 percent increase last month, missing Wall Street expectations and providing more evidence that the housing market recovery ...

China to Top Global Auto Sales in 2009

China's auto sales should soar to 12.6 million units this year, up 35 percent from 2008, boosted by subsidies that the industry is lobbying Beijing ...

China Ties Banker Pay to Risk, Rejects Caps

China plans to link the pay of bankers to risks taken by their institutions but has no plans for salary caps, a government spokeswoman said ...

Ford Ramps Up China Expansion with 3rd Plant

Ford Motor Co. said Thursday it will invest $490 million to build an assembly plant in China to produce the next-generation Focus compact car, which ...

Rim Outlook Weak on New Phone Delays

BlackBerry maker Research In Motion Ltd. reported a drop in fiscal second-quarter profit Thursday because of charges for a patent settlement and said revenue for ...

Stocks Fall After Home Sales Data Shows Drop

Investors pulled away from stocks after an unexpected drop in home sales and a slide in oil prices fanned worries about the pace of the ...

World Stocks Fall on Jitters Over Possible Stimulus Cuts

World stock markets fell Thursday amid a big drop in oil prices and as investors worried that support measures for the fragile global economy will ...

Korean Air Operating Profit Doubles but Loses on Fuel

Korean Air, South Korea's biggest airline, said Friday it sank to a loss in the second quarter as a weak won swelled its fuel costs.

China Cut U.S. Treasury Holdings Again in June

China reduced its holdings of U.S. Treasury debt for a second straight month in June while the holdings of Japan and Britain rose.

World Stocks Fall on Japan Export Slowdown

World stocks markets mostly fell Monday after figures showed that Japan's economic growth slowed sharply during the second quarter

China's Ag Bank Confirms IPO Was World's Largest

The Agricultural Bank of China says it raised a world record $22.1 billion in its initial public offering last month, despite a tepid reception from ...

Apple Manager Indicted on Kickback Charges

A manager at Apple Inc. has been indicted by a federal grand jury in an alleged kickback scheme involving suppliers of iPhone and iPod accessories.

U.S. Stocks Keep Slipping on Confusing Data

The stock market has fallen for the fourth straight day after a mixed batch of readings on consumer spending contributed to a muddled picture

magicJack Company to Offer Free Calls from Computers

The company behind the magicJack, the Internet phone gadget heavily advertised on television, has another trick up its sleeve

IBM Adds Online Marketing Tools with Unica Buy

IBM Corp. said Friday that it has agreed to buy the marketing services company Unica Corp. in a $480 million deal that would give IBM

Eurozone Grew Faster Than U.S. in Q2

The economy of the 16 countries that use the euro grew by a better-than-expected 1 percent during the second quarter as growth engine Germany