Buffet Sees End to Recession
Billionaire Warren Buffett says the latest recession really shook up Americans’ confidence but he sees the economic slide ending.
Business
Europe Projects 4% GDP Shirnkage in 2009
Europe is suffering “a deep and widespread recession,” the EU said Monday, estimating that unemployment will rise sharply over the next two years and that ...
Chna Projects 7% Growth for Q2
Robust investment backed by stimulus spending will likely help China’s economy to expand 7 percent in the second quarter, showing the economy may be rebounding ...
Fiat May Become Global Powerhouse with Chrysler, GM Europe
Fiat Group SpA confirmed Sunday that it is in talks to buy most of General Motors Corp.‘s European operations, taking another step toward creating a ...
Summer Resorts Hire Many Unemployed Professionals
This summer, the guy running the Tilt-A-Whirl at the beach might be a laid-off, middle-aged accountant instead of the usual bored teenager. And the towel ...
Chrysler to Close 5 Plants, Sell All Assets to Fiat
Attorneys for Chrysler LLC said the company will file a motion by Saturday morning to sell substantially all of its assets to Italian automaker Fiat ...
GM to Close Most U.S. Plants for 9 Weeks This Summer
General Motors Corp. is planning to temporarily close most of its U.S. factories for up to nine weeks this summer because of slumping sales and ...
Kirin to Buy Australia's Lion Nathan for $4.7 Bil.
Lion Nathan Ltd., the Australian brewer of Tooheys and Hahn beers, said Monday its biggest shareholder, Japan’s Kirin Holdings Co., has agreed to buy the ...
GM Looks to Become Lean Government-Owned Company
General Motors, once the colossus of American capitalism, will become a leaner, government-owned company if the Obama administration goes along with the automaker’s plan to ...
Seach Engine Baidu Q1 Revenues Jump 41%
Baidu Inc., which runs China’s most popular search engine, said Monday its first-quarter profit grew, boosted by higher online marketing revenue The results sent the ...
GM to Shed Pontiac, Cut 21,000 Factory Jobs
General Motors Corp. said it will cut 21,000 U.S. factory jobs by next year, phase out its storied Pontiac brand and ask the government to ...
U.S. Newspapers Report Steeper Declines
The Audit Bureau of Circulations said Monday that average daily circulation declined 7.1 percent in the October-March period from the same six-month span in 2007-2008. ...
China's Top Bank Reports 6% Profit Rise
Industrial & Commercial Bank of China Ltd., the country’s biggest commercial lender by assets, said Monday its quarterly profit rose 6 percent from a year ...
Sharp Posts $1.3 Bil. Loss on Slump in LCDs, Gadgets
Japanese electronics maker Sharp Corp. suffered an annual net loss of 125.8 billion yen ($1.3 billion), its first yearly red ink in nearly six decades, ...
Japan Expects GDP to Shrink 3.3%
The Japanese government said Monday the economy is likely to shrink 3.3 percent this fiscal year, its worst contraction since World War II, as exports ...
Chrysler Keeps Hope Alive with 11th-Hour Labor Deals
It looks like scrappy little Chrysler LLC might yet escape the auctioneer’s gavel. The smallest U.S.-based automaker cleared two major hurdles on Sunday in its ...
Qualcomm Settles Broadcom Patent Suit for $891 Mil.
Chip maker Qualcomm Inc. said late Sunday it will pay Broadcom Corp. $891 million over four years to settle a longstanding dispute over patents and ...
Consumer Spending May Be Returning to Normal
When the economy screeched to a halt late last year, so did consumer spending, which accounts for 70 percent of all U.S. economic activity. That’s ...
China Reports 76% Jump in Gold Reserves
China has increased its gold reserves by 76 percent since 2003 to 1,054 tons and now ranks fifth among nations with the biggest holdings, a ...
Nomura Posts $7.3 Bil. Loss on Stock Slump, Lehman Cost
Nomura Holdings Inc., Japan’s top brokerage, suffered one of the largest annual losses in Japanese corporate history, hit by slumping stock markets and the cost ...
Kia Posts Profits Despite Sales Decline
Kia Motors Corp. said Friday it posted a net profit in the first quarter, helped by a sharply weaker South Korean won and an increase ...
Ford Earnings, Durables Orders Push Wall Street Higher
Stock futures are higher as orders for big-ticket manufactured items fall less than expected in March. The Commerce Department said Friday that orders for durable ...
Recent Stories
- Air Taxi Firm Archer Alleges Joby Gets Edge by Accessing Chinese Components Illegally
- Lindt Reassured that Users of GLP-1 Weight-Loss Drugs Eat More Chocolate
- Former Meta AI Chief's AMI Raises $1.03 Billion for Alternate AI Model
- Global Oil Markets Settle Down on TACO Cues
- Vietnam Encourages Working at Home to Save Fuel
Asian American Success Stories
- The 130 Most Inspiring Asian Americans of All Time
- 12 Most Brilliant Asian Americans
- Greatest Asian American War Heroes
- Asian American Digital Pioneers
- New Asian American Imagemakers
- Asian American Innovators
- The 20 Most Inspiring Asian Sports Stars
- 5 Most Daring Asian Americans
- Surprising Superstars
- TV’s Hottest Asians
- 100 Greatest Asian American Entrepreneurs
- Asian American Wonder Women
- Greatest Asian American Rags-to-Riches Stories
- Notable Asian American Professionals