BUSINESS: GOLDSEA

Subscribe for Free Updates

Subscribe Now to receive Goldsea updates!

Subscribe for updates on Goldsea: Asian American Daily

Subscribe Now

Business

Japan Intervenes Again to Weaken Yen

Traders said the Bank of Japan intervened in the currency market to weaken the yen Friday for the second time in just over a week.

Digital Reading Squeezes Out Finland's Paper Mills

Shielded from the deafening roar and searing heat of Paper Machine No. 4, factory foreman Reino Mustonen watches from his glassed-in office

New Jersey Fund Encourage Green Technology Projects

Caterpillar to Raise Prices on Strong Growth

Heavy-equipment maker Caterpillar says it will raise prices up to 2 percent worldwide starting in January.

Green Goes Sleek at Paris Auto Show

Sizzling, sleek designs for a carbon-conscious world headlined Thursday as global automakers rolled out their latest high-tech models at the Paris auto

AIG Sells 2 Japanese Units for $4.8 Bil.

AIG, which reportedly is close to a deal that would allow the U.S. government to exit its ownership interest, says it will sell its two ...

Spain Debt Downgrade Drags Down Stock Prices

Spain's hurting economy got hit again Thursday with yet another downgrade of its government debt by a major ratings agency, meaning the nation's

German Jobless Rate Falls to 7.2%

Germany's unemployment rate dropped to 7.2 percent in September as the strength of Europe's biggest economy helped the labor market recover quickly

Waxman Shelves Bill to Control Bandwidth Manipulation

House Democrats have shelved a last-ditch effort to broker a compromise between phone, cable and Internet companies on rules

Cheap, Hi-Tech Toys Top Christmas List

This year's hot holiday toys are high-tech - and low-price. From tiny remote-control cars from Mattel to nearly paper-thin electronic guitars

ANA Debuts Japan's First Low-Cost Carrier

Japanese carrier All Nippon Airways said Thursday it's setting up Japan's first low-cost carrier, potentially making flights between Osaka and Tokyo

Asia Stocks Rise on Hopes of More U.S. Stimulus

Asian stock markets climbed Wednesday, supported by growing speculation that the Federal Reserve is likely to introduce more stimulus

Japan Business Confidence Rises for 6th Straight Quarter

Business confidence in Japan rose for the sixth straight quarter, but companies fear the improvement is temporary as cooling global growth

HP Reveals Rosy Outlook but Not Next CEO

Hewlett-Packard Co. offered a rosy financial outlook Tuesday without giving any guidance on the biggest issue hanging over the world's largest

Hulu Plus to Play on Roku, Tivo Set-Top Boxes

Hulu Plus, the $10-per-month online TV subscription service, will soon be available for users of Roku Inc. set-top boxes and Tivo Inc. subscribers

Recession Widens Rich- Poor Gap, Cuts Marriages

The recession seems to be socking Americans in the heart as well as the wallet: Marriages have hit an all-time low while pleas for food ...

Coca-Cola to Invest $1 Bil. in Philippines

Coca-Cola Co. said Tuesday it will spend $1 billion in the Philippines over the next five years to expand its presence in the fast-growing market

Toys R Us to Hire 45,000 Workers, Plans Stock Sale

Toys R Us will hire about 45,000 employees to help with the holiday season, doubling its U.S. work force.

E-Readers Battle Tablets for Digital Book Supremacy

The marriage of an American technology firm and a Taiwanese display panel manufacturer has helped make digital reading a prospective challenger

4 Calif. Banks Among 8 Shut Down by Regulators

Regulators on Friday shut down a big community bank based in Chicago that has been known for its social activism but racked by financial troubles

Smartphone Boom Slowed by Lagging Chip Production

The seemingly recession-proof smart phone is suffering from a side effect of the rough economy: Manufacturers simply can't build enough

Stocks Keep Slipping on Persisting Unease Over Data

Stocks closed moderately lower Friday as investors' pessimistic view of the economy deepened.

Jobless Rate Falls in 18 States, Rises in 14

Unemployment fell in fewer states in July than in the previous three months, a sign that jobs remain scarce nationwide.

Germany Considers Keeping Nuclear Plants Longer

Prominent German business figures are warning against what they call a too-quick shutdown of the country's nuclear plants, stepping up pressure

Russia Opens Up Bidding on Chopper-Carrier Prototypes

Russia will hold an open tender for two warships of the class it had planned to buy from France without inviting other bidders

Super-Oysters Promise Fatter, Cleaner Eating

Biologist John Supan thinks he has developed what may be the holy grail for oyster lovers: a hardy breed of the delectable shellfish

Oil Falls Below $75 on Fears of Slowing Recovery

Oil prices dropped below $75 a barrel Friday amid mounting concerns over the pace of the U.S. economic recovery, following another batch

Aussie Mining Stocks Rise on Poll Uncertainty

Stocks in Australia's biggest mining companies rose Monday as the government's plans for a new tax on their profits were thrown into doubt

U.S. Jobs Data Dampen World Markets

European stock markets traded lower Thursday after soft U.S. jobs data reined in hopes for gains on Wall Street. Japanese stocks were the best-performing

Intel to Buy McAfee for $7.68 Bil.

Chip maker Intel Corp. said Thursday it is buying computer-security software maker McAfee Inc. for $7.68 billion, or $48 per share.

Germany Boosts 2010 Growth Forecast to 3%

Germany's economy is on course to grow by about 3 percent this year after a spectacular second-quarter growth spurt, the country's central bank

China Tries to Meet Booming Demand for Movies

China said it will expand its movie industry by making more films and building more theaters to meet growing demand.

Taiwan GDP Surged 12.5% on Electronics Demand

Taiwan's export-reliant economy surged 12.5 percent year-on-year in the second quarter on strong foreign demand for the island's electronics

Lenovo Returns to Profit on Surging China PC Sales

Lenovo Group, the fourth-largest personal computer maker, said Thursday it rebounded to a quarterly profit from a loss a year earlier

Asian Stocks Rise on Chip Demand Growth

Most Asian markets rose Thursday after a seesaw session on Wall Street, helped by gains in tech stocks after an industry report in Japan

GM Takes First Clear Step toward Fall IPO

General Motors Co. on Wednesday filed the first batch of paperwork required by regulators to sell stock to the public, a step that brings the ...

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

German Business Confidence Hits 3-Year High

Germany's business confidence rose in August to its highest level in three years, according to a key survey Wednesday, suggesting Europe's biggest

Homebuilder Toll Brothers Returns to Profit

Toll Brothers Inc. said Wednesday that it posted a profit in its fiscal third quarter, as the luxury homebuilder snagged important tax benefits

Credit Card Debt at Lowest Level in 8 Years

The amount consumers owed on their credit cards in this year's second quarter dropped to the lowest level in more than eight years as cardholders

Japan Exports Fall for Fifth Straight Month

Japan's export growth slowed for the fifth straight month in July, the government said Wednesday, as the global economy loses momentum

Microsoft Begins Powering All Yahoo Searches

Microsoft Corp.'s technology is now processing all the search requests on Yahoo Inc.'s website in the U.S. and Canada, completing a long-awaited leap

U.S. Stocks Join Global Retreat on Home Sales Dip

Stocks are closing lower after another disappointing report on housing renewed worries about the economy.

Dell Debuts Inexpensive Android-Based Smart Phone

Dell Inc. said Tuesday its Aero smart phone is now on sale in the U.S. for $99 with a two-year AT&T contract.

Plug-In Guru Charges Obama's Electric Car Push

David Sandalow starts his five-mile commute each day by unplugging an orange extension cord connecting his Toyota Prius hybrid to an outlet

Levis Tailors Global Brand Launch for Chinese

Jeans maker Levi Strauss & Co. launched a new global brand in China on Wednesday, joining a growing list of companies that hope to crack

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