China Firm Produces Low-Cost Maglev Train
A firm in Hunan province unveiled a magnetically levitated (maglev) train that is both far less expensive and more environmental-friendly than conventional trains.
Business
China's Private Firms Posted Biggest Profit Growth
China's industrial firms posted a 25.4% year-on-year rise in profits to a collective 5.45 trillion yuan ($863.68 billion) in 2011.
Pink Slime Not Used in Its China Burgers Says McD's
McDonald's was forced to reveal that it uses a higher quality of beef for its burgers sold in China than in the US after it ...
Apple Appeals After Losing iPad Suit to Taiwan Firm
Apple is appealing a 240 million yuan ($38 million) judgment awarded against it by a Beijing court for infringing a Taiwan firm's trademark on the ...
Yu-Chueh Hung Makes Fish DNA Memory Device
Yu-Chueh Hung has used a medium based on salmon DNA to make a new type of memory device that can store data indefinitely.
Korea to Phase Out Magnetic Strips on Debit Cards
Korea has decided to quickly phase out debit cards with magnetic strips, the Financial Supervisory Service announced Tuesday.
Honda Set to Storm Market for Small Business Jets
The $4.5-million HondaJet is being certified for commercial sale beginning in early 2013 as Honda Motor Company prepares to become a giant in the market ...
Japan Posts First Trade Deficit Since 1980
Japan posted a trade deficit of ¥2.5 trillion ($32.1 bil.) for 2011, the first such deficit since 1980.
Taiwan's Yulon to Build Cars in Russia
Taiwan's leading carmaker announced that it will begin building cars in Russia beginning this year.
Gang Ren Creates First 3-D Image of Single Molecule
Gang Ren has rigged up a microscope to produce the first-ever detailed 3D image of an individual molecule.
McDonald's Adds European Feel While Doubling in China
McDonald's is investing in European-style makeovers for 80% of its China outlets by 2013 to attract more young urban adults even as it plans to ...
Congress Ratifies U.S.-Korea FTA After 4 Years
The U.S.-Korea Free Trade Agreement was approved by both the House of Representatives and the Senate Wednesday.
Another Chinese Bid Hopes to Revive Bankrupt Saab
China's Jinhua-based Youngman Auto will bid for the estate of bankrupt Swedish carmaker Saab next week, reported Sweden's Daily Industry Thursday.
China's State Firm Profits Surged 12.8%
China's state-owned companies posted combined profits of 2.26 trillion yuan ($356.91 bil.) in 2011, a healthy 12.8% year-on-year gain.
China's Richest Were Biggest Losers in 2011
China's 10 richest families topped the list of the people who lost the most money in 2011 thanks to a plunging stock market and tightened ...
Youming Lu's Compound Protects Stroke Victims
A team led by Youming Lu has developed a compound that can block the mechanism that leads to brain damage during strokes.
Thousands Strike Shenzhen Sanyo Plant on Job Fears
About 4,000 workers at a Sanyo Electric plant in southern Shenzhen joined the rash of recent labor protests in Guangdong province Monday.
Geely Plans to Export 1 Mil. Cars to Europe, US
China's Geely has quietly taken big strides toward meeting its goal of exporting 1 million cars by 2015, most of them to Europe and the ...
Dipak Das Fired by UConn for Faking Resveratrol Data
Dipak K. Das is being terminated for manipulating research data on the effect of resveratrol on heart health.
David Kang to Head Up Rolling Stone, Us Weekly Online
David Kang will take charge of online publishing for Rolling Stone, Us Weekly and Men's Journal.
China Becomes Audi's Top Market with 37% Growth
The luxury division of Germany's Volkswagen sold 313,036 vehicles in China in 2011, a 37% jump over 2010.
Samsung Posts Record Q4 Profits, Annual Sales
Samsung Electronics strengthened its position as the world's biggest consumer electronics firm with record annual sales for 2011 and record profits for the final quarter ...
Volkswagen Begins Production of First India Car
Volkswagen AG started production of its first compact car in India on Saturday, hoping to capture up to 10 percent of the country's fast-growing
PGA to Take Big Hit on TV Contracts in Tiger's Absence
The television networks already know what life without Tiger Woods looks like, and they were going to take that knowledge into their upcoming
Citigroup Repays $20 Bil. TARP Loan
Citigroup Inc. said Monday it is repaying $20 billion in bailout money it received from the Treasury Department, in an effort to reduce government influence
Abu Dhabi's $10 Bil. Dubai Bailout Boosts Markets
Stock futures are indicating a higher opening on Wall Street Monday after Abu Dhabi provided a surprise $10 billion bailout
Caterpillar Forms Joint Venture with China Yuchai
Caterpillar Inc., the world's largest maker of construction and mining equipment, said Monday that it signed a joint venture deal with a Chinese company
Beijing Auto to Buy SAAB Drivetrain Technology
Beijing Autos has agreed to buy technology from GM's Saab Automobile, a breakthrough for the Chinese automaker that could clear the way for General
Google Testing New Mobile Device on Employees
Google Inc.'s employees are testing a new mobile device that runs on the company's Android operating system, as the search giant continues its push into
Monsanto Used Patents to Tighten Grip Over GM Crops
onfidential contracts detailing Monsanto Co.'s business practices reveal how the world's biggest seed developer is squeezing competitors, controlling smaller seed companies
U.S.-Japan Open-Skies Pact Ushers in Big Airline Tieups
An aviation agreement between the U.S. and Japan could usher in a new period of closer alliances among the major carriers in both countries.
Accenture First to Cut Tiger Sponsorship
For six years, global consulting firm Accenture PLC featured Tiger Woods in ads designed to highlight the company's claimed attributes of integrity and high performance.
Strong Retail Data Drives Up Stocks, Boosts Dollar
Stocks rose Friday after a report on retail sales indicated consumers are picking up their spending.
Wendy's Pulls Out of Japan After 30 Years
Wendy's burger chain will withdraw from Japan, ending a 29-year presence in an Asian market long dominated by McDonald's Corp.
China Tech Purchasing Rule Angers Foreign Firms
Foreign companies are criticizing a new Chinese regulation they fear could block them from the multibillion dollar business of selling high-tech products
China Export Rebound Heartens Asian Markets
China's exports are making a comeback after a jarring slump threw millions out of work, a sign of improving global demand that along with a ...
China Nuokang Bio-Pharma Falls on NY Debut
Shares of China Nuokang Bio-Pharmaceutical Inc. fell nearly 4 percent in their trading debut Thursday after pricing at $9 per American depositary share
AOL Now Independent and Much Shrunken
AOL resumed life as an independent Internet company Thursday as it completed its spinoff from Time Warner Inc. and closed the book on one of ...
Americans' Net Worth Up for 2nd Straight Qtr.
Americans got wealthier for a second straight quarter in the fall, thanks to gains in stock investments and home values.
U.S. Trade Deficit Narrows on Surging Exports
The U.S. trade deficit unexpectedly narrowed in October as exports surged to the highest level in nearly a year. Growing exports, boosted by a weaker ...
BorgWarner to Supply Engine, Drivetrain for Hyundai Tucson
Auto powertrain manufacturer BorgWarner Inc. said Wednesday that it will supply the engine and drivetrain for the Hyundai 2010 Tucson and ix35 models.
RIM Sees Profits Surge on Record Blackberry Sales
BlackBerry maker Research In Motion Ltd. surprised Wall Street on Thursday as it reported a 59 percent increase in third-quarter income
Calif Space Tourism Firm Inks S. Korea Launch Deal
A California company developing a rocket plane for space tourism announced Thursday that it has an agreement with a nonprofit group
Leading Indicators Point to Gradual Recovery
A report on unemployment claims and a forecast of U.S. economic activity pointed Thursday to an economy mending slowly
City Center Opens in Las Vegas with Big Bash
Visitors by the thousand streamed into the newest casino-resort on the Las Vegas strip early Thursday, an influx that casino officials hope will help yank ...
Treasury Backs Out of Plan to Sell Citi Stake
In a striking reversal of its attempts to unwind the government's financial stakes in big banks, the Treasury Department has backed out of plans to ...
Ssangyong SUV Revival Plan OKd by Korean Court
A court overseeing bankruptcy protection for South Korean automaker Ssangyong Motor approved the company's rehabilitation plan Thursday
Russia's Richest Man Closer to Owning Nets
A Russian billionaire has moved a step closer to becoming the NBA's first non-North American owner.
Craigslist Surprised by eBay Attitude on Classifieds Venture
Craigslist officials were caught off guard when told in 2007 that their minority shareholder, eBay, was going to compete directly with them in the online
Indian Gaming Kept Growing Through Recession
The economic downturn has slowed the growth of Indian gaming in America but the industry is faring better than traditional casinos
China Firm Produces Low-Cost Maglev Train
A firm in Hunan province unveiled a magnetically levitated (maglev) train that is both far less expensive and more environmental-friendly than conventional trains.
China's Private Firms Posted Biggest Profit Growth
China's industrial firms posted a 25.4% year-on-year rise in profits to a collective 5.45 trillion yuan ($863.68 billion) in 2011.
Pink Slime Not Used in Its China Burgers Says McD's
McDonald's was forced to reveal that it uses a higher quality of beef for its burgers sold in China than in the US after it ...
Apple Appeals After Losing iPad Suit to Taiwan Firm
Apple is appealing a 240 million yuan ($38 million) judgment awarded against it by a Beijing court for infringing a Taiwan firm's trademark on the ...
Yu-Chueh Hung Makes Fish DNA Memory Device
Yu-Chueh Hung has used a medium based on salmon DNA to make a new type of memory device that can store data indefinitely.
Korea to Phase Out Magnetic Strips on Debit Cards
Korea has decided to quickly phase out debit cards with magnetic strips, the Financial Supervisory Service announced Tuesday.
Honda Set to Storm Market for Small Business Jets
The $4.5-million HondaJet is being certified for commercial sale beginning in early 2013 as Honda Motor Company prepares to become a giant in the market ...
Japan Posts First Trade Deficit Since 1980
Japan posted a trade deficit of ¥2.5 trillion ($32.1 bil.) for 2011, the first such deficit since 1980.
Taiwan's Yulon to Build Cars in Russia
Taiwan's leading carmaker announced that it will begin building cars in Russia beginning this year.
Gang Ren Creates First 3-D Image of Single Molecule
Gang Ren has rigged up a microscope to produce the first-ever detailed 3D image of an individual molecule.
McDonald's Adds European Feel While Doubling in China
McDonald's is investing in European-style makeovers for 80% of its China outlets by 2013 to attract more young urban adults even as it plans to ...
Congress Ratifies U.S.-Korea FTA After 4 Years
The U.S.-Korea Free Trade Agreement was approved by both the House of Representatives and the Senate Wednesday.
Another Chinese Bid Hopes to Revive Bankrupt Saab
China's Jinhua-based Youngman Auto will bid for the estate of bankrupt Swedish carmaker Saab next week, reported Sweden's Daily Industry Thursday.
China's State Firm Profits Surged 12.8%
China's state-owned companies posted combined profits of 2.26 trillion yuan ($356.91 bil.) in 2011, a healthy 12.8% year-on-year gain.
China's Richest Were Biggest Losers in 2011
China's 10 richest families topped the list of the people who lost the most money in 2011 thanks to a plunging stock market and tightened ...
Youming Lu's Compound Protects Stroke Victims
A team led by Youming Lu has developed a compound that can block the mechanism that leads to brain damage during strokes.
Thousands Strike Shenzhen Sanyo Plant on Job Fears
About 4,000 workers at a Sanyo Electric plant in southern Shenzhen joined the rash of recent labor protests in Guangdong province Monday.
Geely Plans to Export 1 Mil. Cars to Europe, US
China's Geely has quietly taken big strides toward meeting its goal of exporting 1 million cars by 2015, most of them to Europe and the ...
Dipak Das Fired by UConn for Faking Resveratrol Data
Dipak K. Das is being terminated for manipulating research data on the effect of resveratrol on heart health.
David Kang to Head Up Rolling Stone, Us Weekly Online
David Kang will take charge of online publishing for Rolling Stone, Us Weekly and Men's Journal.
China Becomes Audi's Top Market with 37% Growth
The luxury division of Germany's Volkswagen sold 313,036 vehicles in China in 2011, a 37% jump over 2010.
Samsung Posts Record Q4 Profits, Annual Sales
Samsung Electronics strengthened its position as the world's biggest consumer electronics firm with record annual sales for 2011 and record profits for the final quarter ...
Volkswagen Begins Production of First India Car
Volkswagen AG started production of its first compact car in India on Saturday, hoping to capture up to 10 percent of the country's fast-growing
PGA to Take Big Hit on TV Contracts in Tiger's Absence
The television networks already know what life without Tiger Woods looks like, and they were going to take that knowledge into their upcoming
Citigroup Repays $20 Bil. TARP Loan
Citigroup Inc. said Monday it is repaying $20 billion in bailout money it received from the Treasury Department, in an effort to reduce government influence
Abu Dhabi's $10 Bil. Dubai Bailout Boosts Markets
Stock futures are indicating a higher opening on Wall Street Monday after Abu Dhabi provided a surprise $10 billion bailout
Caterpillar Forms Joint Venture with China Yuchai
Caterpillar Inc., the world's largest maker of construction and mining equipment, said Monday that it signed a joint venture deal with a Chinese company
Beijing Auto to Buy SAAB Drivetrain Technology
Beijing Autos has agreed to buy technology from GM's Saab Automobile, a breakthrough for the Chinese automaker that could clear the way for General
Google Testing New Mobile Device on Employees
Google Inc.'s employees are testing a new mobile device that runs on the company's Android operating system, as the search giant continues its push into
Monsanto Used Patents to Tighten Grip Over GM Crops
onfidential contracts detailing Monsanto Co.'s business practices reveal how the world's biggest seed developer is squeezing competitors, controlling smaller seed companies
U.S.-Japan Open-Skies Pact Ushers in Big Airline Tieups
An aviation agreement between the U.S. and Japan could usher in a new period of closer alliances among the major carriers in both countries.
Accenture First to Cut Tiger Sponsorship
For six years, global consulting firm Accenture PLC featured Tiger Woods in ads designed to highlight the company's claimed attributes of integrity and high performance.
Strong Retail Data Drives Up Stocks, Boosts Dollar
Stocks rose Friday after a report on retail sales indicated consumers are picking up their spending.
Wendy's Pulls Out of Japan After 30 Years
Wendy's burger chain will withdraw from Japan, ending a 29-year presence in an Asian market long dominated by McDonald's Corp.
China Tech Purchasing Rule Angers Foreign Firms
Foreign companies are criticizing a new Chinese regulation they fear could block them from the multibillion dollar business of selling high-tech products
China Export Rebound Heartens Asian Markets
China's exports are making a comeback after a jarring slump threw millions out of work, a sign of improving global demand that along with a ...
China Nuokang Bio-Pharma Falls on NY Debut
Shares of China Nuokang Bio-Pharmaceutical Inc. fell nearly 4 percent in their trading debut Thursday after pricing at $9 per American depositary share
AOL Now Independent and Much Shrunken
AOL resumed life as an independent Internet company Thursday as it completed its spinoff from Time Warner Inc. and closed the book on one of ...
Americans' Net Worth Up for 2nd Straight Qtr.
Americans got wealthier for a second straight quarter in the fall, thanks to gains in stock investments and home values.
U.S. Trade Deficit Narrows on Surging Exports
The U.S. trade deficit unexpectedly narrowed in October as exports surged to the highest level in nearly a year. Growing exports, boosted by a weaker ...
BorgWarner to Supply Engine, Drivetrain for Hyundai Tucson
Auto powertrain manufacturer BorgWarner Inc. said Wednesday that it will supply the engine and drivetrain for the Hyundai 2010 Tucson and ix35 models.
RIM Sees Profits Surge on Record Blackberry Sales
BlackBerry maker Research In Motion Ltd. surprised Wall Street on Thursday as it reported a 59 percent increase in third-quarter income
Calif Space Tourism Firm Inks S. Korea Launch Deal
A California company developing a rocket plane for space tourism announced Thursday that it has an agreement with a nonprofit group
Leading Indicators Point to Gradual Recovery
A report on unemployment claims and a forecast of U.S. economic activity pointed Thursday to an economy mending slowly
City Center Opens in Las Vegas with Big Bash
Visitors by the thousand streamed into the newest casino-resort on the Las Vegas strip early Thursday, an influx that casino officials hope will help yank ...
Treasury Backs Out of Plan to Sell Citi Stake
In a striking reversal of its attempts to unwind the government's financial stakes in big banks, the Treasury Department has backed out of plans to ...
Ssangyong SUV Revival Plan OKd by Korean Court
A court overseeing bankruptcy protection for South Korean automaker Ssangyong Motor approved the company's rehabilitation plan Thursday
Russia's Richest Man Closer to Owning Nets
A Russian billionaire has moved a step closer to becoming the NBA's first non-North American owner.
Craigslist Surprised by eBay Attitude on Classifieds Venture
Craigslist officials were caught off guard when told in 2007 that their minority shareholder, eBay, was going to compete directly with them in the online
Indian Gaming Kept Growing Through Recession
The economic downturn has slowed the growth of Indian gaming in America but the industry is faring better than traditional casinos
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