Bank of America Shares Surge Ahead of Stress Test Results
Shares of Bank of America Corp. continued their rapid climb Thursday, hours ahead of the expected announcement of bank stress test results and following a ...
Business
China's Geely Bids for GM's SAAB
Chinese automaker Geely Automobile Holdings said Thursday it is bidding for General Motors Corp.‘s Saab brand, a move that would boost the company’s ability to ...
Oil Hits 6-Month High on Surging Optimism
Oil prices jumped to almost $58 a barrel Thursday, extending gains to near six-month highs on investor expectations that global economic growth may begin to ...
World Stocks Continue Climbing on U.S. Jobless Data
European markets extended their rally Thursday following key interest rate decisions and ahead of the formal release of the results for the U.S. government’s stress ...
Bank Stress Test Results Ease Worries, Boost Wall Street
Investors felt more confident putting their money into banks on the eve of a government report card on big financial companies.
Korean Air Losses Jump on Weak Won
Korean Air Lines Co. said Thursday its first quarter net loss widened as weakness in the South Korean won drove up costs denominated in dollars.
Validity of Bank Stress Test Questioned
Some of the nation’s largest banks will be scrambling to demonstrate that they can raise capital after results of government stress tests leaked out, showing ...
Hitachi Reports Worst Manufacturing Loss on Record
Japanese electronics maker Hitachi Ltd. said Thursday its loss for the fiscal year ended March will be bigger than its previous forecast, ballooning to 788 ...
IMF Projects 4.3% Growth for Asia in 2010 Recovery
Most Asian economies face a sharp contraction this year and a weak recovery in 2010 as global demand for the region’s exports struggles to rebound, ...
GM Plans 1-for-100 Reverse Stock Split
General Motors Corp. notified shareholders Tuesday it is planning a reverse stock split that would give them one share of new stock for every 100 ...
Biotech Profitable at Last but Squeezed by Recession
The U.S. biotech industry became profitable as a whole for the first time in 2008, a new report says, but the global financial crisis has ...
Market Buoyant Despite Pending Bank Stress-Test Results
Banks will be told today how they did on their “stress tests” and informed of regulators’ final decisions on how much capital they need to ...
Oil Stays Above $54 on Recovery Hopes
Oil prices lingered above $54 a barrel Tuesday as growing investor optimism about a recovery in the global economy supported prices above a month-long trading ...
Asia Agrees on Need to Cut Exports, Boost Consumption
Cutting Asia’s reliance on exports for growth has taken on new urgency as the global economic crisis sends trade into a tailspin. But many economies ...
IT Giants May Be Hit Hard by Obama's Overseas Profits Tax
President Barack Obama’s plan to impose U.S. taxes on corporate America’s overseas profits threatens to open a big crater in the financial statements of technology ...
GM's China Sales Surge 50% to Monthly Record
General Motors said Tuesday that sales in China soared 50 percent in April to a monthly record of 151,084 vehicles, thanks to strong demand for ...
Sanyo Reports Loss but Expects Profits This Year
Sanyo Electric Co. sank to an annual loss because of declining sales, the strong yen and rising material costs, but expects to muster a small ...
Nelson Chai Named President of CIT Group
Nelson Chai has been promoted to president of CIT Group from his post as chief administrative officer and strategy chief.
China May See Balanced Trade in 2012
Slowing exports to the West and import liberalization is cutting China's trade surplus to near zero.
Samsung, LG Extend Lead in N. American Mobile Phones
Samsung and LG are increasing their lead in the North American cell phone market.
Only 61.6% of Japan's New Grads Have Jobs
Nearly two of every five Japanese university students who graduated this spring have been unable to find full-time jobs.
Japan's Yen Intervention Sends Dollar Surging
Japan's unilateral steps to weaken the yen Thursday sent the dollar surging to near 80 yen.
Monica Woo Tapped to Head Up Sears Marketing
On August 15 Monica Woo will become the new Chief Marketing Officer for Sears Holdings Corp
Toyota Plans Record Production in 2012
Toyota plans to produce a record 8.8 million vehicles in fiscal 2012 with new capacity in China, India, Brazil and the U.S.
S. Korea to Fine Apple Over Tracking Feature
The Korean unit of consumer electronics giant Apple will be fined over an iPhone feature that can track the location of users.
Lenovo Posts Record $5.9 Bil. Sales in Q2
China's top PC-maker hopes to challenge Apple for a bigger share of the mobile internet market.
Liming Dai Leads Air Force Nanomaterials Project
Liming Dai will lead a team to develop 3D nanomaterials with the unique properties found in flat nano-structures.
China Continues Boosting Holdings of U.S. Treasuries
China added $5.7 billion of U.S. Treasuries in June despite growing pressure to diversify foreign reserves away from the beleaguered dollar.
China-Japan Trade Hits Record High in 1st Half
The total value of trade between Japan and China during the first half of 2011 surged 17.9 percent.
China Raises Yuan Against Dollar to Fight Inflation
China lets the yuan hit record highs against the dollar as it focuses on controlling a surging inflation rate.
Dharmendra Modha Mimics Brain's Efficiency
IBM's Dharmendra Modha has taken another big step toward developing a computer that can match the human brain in efficiency.
Groupon China Begins Mass Layoffs
Groupon China, known locally as Gaopeng, is laying off about a quarter of its employees and shuttering at least 13 branch offices.
China Nurtures Startups by Students Returning from Abroad
China has over 150 firms that help returning Chinese students start up new ventures
Exports to China Helps Keep U.S. Economy in Black
U.S. GDP grew at an anemic 1.3 percent pace in the 2nd quarter thanks to a weak housing market and slowing consumer demand.
Korea Develops Its First Small Passenger Plane
S. Korea will begin manufacturing small private planes and other civilian aircraft in 2014.
Jeffrey Ng's Cortexica Models Human Visual Perception
Jeffrey Ng's Cortexica has developed software that models how human vision identifies objects.
Andrew Yang Wants to Put Bright Minds in Poor Cities
Andrew Yang hopes to use his new non-profit to funnel bright business-minded college grads to economically-distressed cities.
Yi Cui Develops Transparent Batteries
Stanford professor Yi Cui has developed a transparent battery to improve the aesthetics of consumer electronics.
Xin Chen Uses Ultrasound on Tumors
Xin Chen is testing the use of MR-guided focused ultrasound to destroy hypoxic cancer cells.
Nissan Aims to Double China Sales by 2015
Nissan is investing 610 billion yen ($7.81 billion) in the production and the marketing of 30 new models in China.
Antony Young Named CEO of Mindshare N.A.
On October 1 Antony Young will become CEO of WPP's Mindshare North America.
Vietnam Exports to Jump 38.5% in July
Vietnam will post $8.4 billion in exports in July on the strength of robust exports of food and commodities.
Ikea to Probe Counterfeit Store in China
A furniture store in southwestern China's Kunming is such an accurate copy of an actual Ikea store that the Swedish furniture giant is considering legal ...
Brandon Wey Creates Marketplace for First Dates
Brandon Wey offers men a way to get first dates with attractive women.
Hyundai-Kia Passes Ford for Global No. 5 Spot
The Hyundai-Kia Automotive Group posted 1 15.9 percent gain in units sold for the first half of 2011 to move into fifth place.
Honda's 2nd Quarter Profits Plunged 90%
Japan's number three carmaker saw profits for the April-June quarter plunge nearly 90 percent.
China Industrial Outlook Robust Despite July Dip
The Purchasing Manager's Index (PMI) suggests industrial production will keep growing at 12-13% rate.
S. Korea Surprised by Trade Deficit with EU After FTA
S. Korea suffered its first trade deficit with the European Union since 1997 after the bilateral free-trade agreement went into effect.
Yuegang Zhang Boosts Battery Energy-Density
Yuegang Zhang pioneers the use of graphene to fortify fragile but efficient electrode materials.
Li Ka-Shing Makes Year's Top British Takeover Offer
Hong Kong's richest man is bidding $3.9 bil. for British utility Northumbrian Water Group.
Bank of America Shares Surge Ahead of Stress Test Results
Shares of Bank of America Corp. continued their rapid climb Thursday, hours ahead of the expected announcement of bank stress test results and following a ...
China's Geely Bids for GM's SAAB
Chinese automaker Geely Automobile Holdings said Thursday it is bidding for General Motors Corp.‘s Saab brand, a move that would boost the company’s ability to ...
Oil Hits 6-Month High on Surging Optimism
Oil prices jumped to almost $58 a barrel Thursday, extending gains to near six-month highs on investor expectations that global economic growth may begin to ...
World Stocks Continue Climbing on U.S. Jobless Data
European markets extended their rally Thursday following key interest rate decisions and ahead of the formal release of the results for the U.S. government’s stress ...
Bank Stress Test Results Ease Worries, Boost Wall Street
Investors felt more confident putting their money into banks on the eve of a government report card on big financial companies.
Korean Air Losses Jump on Weak Won
Korean Air Lines Co. said Thursday its first quarter net loss widened as weakness in the South Korean won drove up costs denominated in dollars.
Validity of Bank Stress Test Questioned
Some of the nation’s largest banks will be scrambling to demonstrate that they can raise capital after results of government stress tests leaked out, showing ...
Hitachi Reports Worst Manufacturing Loss on Record
Japanese electronics maker Hitachi Ltd. said Thursday its loss for the fiscal year ended March will be bigger than its previous forecast, ballooning to 788 ...
IMF Projects 4.3% Growth for Asia in 2010 Recovery
Most Asian economies face a sharp contraction this year and a weak recovery in 2010 as global demand for the region’s exports struggles to rebound, ...
GM Plans 1-for-100 Reverse Stock Split
General Motors Corp. notified shareholders Tuesday it is planning a reverse stock split that would give them one share of new stock for every 100 ...
Biotech Profitable at Last but Squeezed by Recession
The U.S. biotech industry became profitable as a whole for the first time in 2008, a new report says, but the global financial crisis has ...
Market Buoyant Despite Pending Bank Stress-Test Results
Banks will be told today how they did on their “stress tests” and informed of regulators’ final decisions on how much capital they need to ...
Oil Stays Above $54 on Recovery Hopes
Oil prices lingered above $54 a barrel Tuesday as growing investor optimism about a recovery in the global economy supported prices above a month-long trading ...
Asia Agrees on Need to Cut Exports, Boost Consumption
Cutting Asia’s reliance on exports for growth has taken on new urgency as the global economic crisis sends trade into a tailspin. But many economies ...
IT Giants May Be Hit Hard by Obama's Overseas Profits Tax
President Barack Obama’s plan to impose U.S. taxes on corporate America’s overseas profits threatens to open a big crater in the financial statements of technology ...
GM's China Sales Surge 50% to Monthly Record
General Motors said Tuesday that sales in China soared 50 percent in April to a monthly record of 151,084 vehicles, thanks to strong demand for ...
Sanyo Reports Loss but Expects Profits This Year
Sanyo Electric Co. sank to an annual loss because of declining sales, the strong yen and rising material costs, but expects to muster a small ...
Nelson Chai Named President of CIT Group
Nelson Chai has been promoted to president of CIT Group from his post as chief administrative officer and strategy chief.
China May See Balanced Trade in 2012
Slowing exports to the West and import liberalization is cutting China's trade surplus to near zero.
Samsung, LG Extend Lead in N. American Mobile Phones
Samsung and LG are increasing their lead in the North American cell phone market.
Only 61.6% of Japan's New Grads Have Jobs
Nearly two of every five Japanese university students who graduated this spring have been unable to find full-time jobs.
Japan's Yen Intervention Sends Dollar Surging
Japan's unilateral steps to weaken the yen Thursday sent the dollar surging to near 80 yen.
Monica Woo Tapped to Head Up Sears Marketing
On August 15 Monica Woo will become the new Chief Marketing Officer for Sears Holdings Corp
Toyota Plans Record Production in 2012
Toyota plans to produce a record 8.8 million vehicles in fiscal 2012 with new capacity in China, India, Brazil and the U.S.
S. Korea to Fine Apple Over Tracking Feature
The Korean unit of consumer electronics giant Apple will be fined over an iPhone feature that can track the location of users.
Lenovo Posts Record $5.9 Bil. Sales in Q2
China's top PC-maker hopes to challenge Apple for a bigger share of the mobile internet market.
Liming Dai Leads Air Force Nanomaterials Project
Liming Dai will lead a team to develop 3D nanomaterials with the unique properties found in flat nano-structures.
China Continues Boosting Holdings of U.S. Treasuries
China added $5.7 billion of U.S. Treasuries in June despite growing pressure to diversify foreign reserves away from the beleaguered dollar.
China-Japan Trade Hits Record High in 1st Half
The total value of trade between Japan and China during the first half of 2011 surged 17.9 percent.
China Raises Yuan Against Dollar to Fight Inflation
China lets the yuan hit record highs against the dollar as it focuses on controlling a surging inflation rate.
Dharmendra Modha Mimics Brain's Efficiency
IBM's Dharmendra Modha has taken another big step toward developing a computer that can match the human brain in efficiency.
Groupon China Begins Mass Layoffs
Groupon China, known locally as Gaopeng, is laying off about a quarter of its employees and shuttering at least 13 branch offices.
China Nurtures Startups by Students Returning from Abroad
China has over 150 firms that help returning Chinese students start up new ventures
Exports to China Helps Keep U.S. Economy in Black
U.S. GDP grew at an anemic 1.3 percent pace in the 2nd quarter thanks to a weak housing market and slowing consumer demand.
Korea Develops Its First Small Passenger Plane
S. Korea will begin manufacturing small private planes and other civilian aircraft in 2014.
Jeffrey Ng's Cortexica Models Human Visual Perception
Jeffrey Ng's Cortexica has developed software that models how human vision identifies objects.
Andrew Yang Wants to Put Bright Minds in Poor Cities
Andrew Yang hopes to use his new non-profit to funnel bright business-minded college grads to economically-distressed cities.
Yi Cui Develops Transparent Batteries
Stanford professor Yi Cui has developed a transparent battery to improve the aesthetics of consumer electronics.
Xin Chen Uses Ultrasound on Tumors
Xin Chen is testing the use of MR-guided focused ultrasound to destroy hypoxic cancer cells.
Nissan Aims to Double China Sales by 2015
Nissan is investing 610 billion yen ($7.81 billion) in the production and the marketing of 30 new models in China.
Antony Young Named CEO of Mindshare N.A.
On October 1 Antony Young will become CEO of WPP's Mindshare North America.
Vietnam Exports to Jump 38.5% in July
Vietnam will post $8.4 billion in exports in July on the strength of robust exports of food and commodities.
Ikea to Probe Counterfeit Store in China
A furniture store in southwestern China's Kunming is such an accurate copy of an actual Ikea store that the Swedish furniture giant is considering legal ...
Brandon Wey Creates Marketplace for First Dates
Brandon Wey offers men a way to get first dates with attractive women.
Hyundai-Kia Passes Ford for Global No. 5 Spot
The Hyundai-Kia Automotive Group posted 1 15.9 percent gain in units sold for the first half of 2011 to move into fifth place.
Honda's 2nd Quarter Profits Plunged 90%
Japan's number three carmaker saw profits for the April-June quarter plunge nearly 90 percent.
China Industrial Outlook Robust Despite July Dip
The Purchasing Manager's Index (PMI) suggests industrial production will keep growing at 12-13% rate.
S. Korea Surprised by Trade Deficit with EU After FTA
S. Korea suffered its first trade deficit with the European Union since 1997 after the bilateral free-trade agreement went into effect.
Yuegang Zhang Boosts Battery Energy-Density
Yuegang Zhang pioneers the use of graphene to fortify fragile but efficient electrode materials.
Li Ka-Shing Makes Year's Top British Takeover Offer
Hong Kong's richest man is bidding $3.9 bil. for British utility Northumbrian Water Group.
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