McDonald's to Double China Workforce This Year

McDonald's Corp plans to hire 70,000 more workers in China this year, nearly doubling its workforce as it accelerates new store openings, Bloomberg reported Wednesday.

Apple Offers to Settle iPad Suit by Shenzhen Proview

Apple has offered to pay to settle the suit filed by Shenzhen Proview to protect its trademark in China of the iPad name at a ...

Sony in Last-Ditch Bid to Cut Way Out of Record Losses

Sony plans to eke out a net profit of ¥30 billion ($390 mil.) for the full year this year despite a record ¥455 billion ($5.7 ...

United States Reclaims Top Spot in IPOs from China

The United States has reclaimed its former status as the world's leading nation for initial public offerings (IPOs) this year after losing it to China ...

Picky Korean Consumers Foster Global Product Trends

S. Korea is becoming a hotbed of consumer product innovation for global export thanks to the pickiness of its sophisticated consumers, according to Chosun Daily.

China Loosens Money Supply on Easing Inflation

China cut the bank reserve ratio requirement from 20.5% to 20.0% Saturday to signal its intention to loosen the money supply this year.

Japanese Banks Booked 36% More Profits in 2011

In fiscal 2011 ending in March Japan's five major banking groups posted net profit of 2,402.5 billion yen ($30.08 bil.), a 36.3% jump over fiscal ...

SK to Develop Next-Gen Fuel Cells with Danish Firm

S. Korea's third largest conglomerate signed an agreement Tuesday to partner with a Danish firm to develop a next generation fuel cell.

China's Direct Overseas Investments Surged 72.8%

Foreign Direct Investment (FDI) into China slipped year-on-year in April by 0.74% to $8.4 billion, making it the sixth straight month of declining FDI.

China's Consumer Confidence Rises on Low Inflation

China's consumer confidence in the first quarter rose to its highest level since 2005 due to easing inflation and cooling property prices, according to a ...

China Accounts for 28% of Global Luxury Consumption

China is set to overtake Japan as the world's biggest luxury-consuming nation after spending $12.6 billion on luxury goods in 2011, according to a study ...

India Becomes Focus of Global Solar Power Market

As the global solar power market reels from a glut of solar panels due to China's production surge and Europe's shrinking demand, India is emerging ...

Toyota Exports Mostly US-Made Cars to S. Korea

Toyota plans to take advantage of S. Korea's free-trade agreements (FTA) with the US and the European Union by bringing most of the cars it ...

China's Wanda to Buy AMC Theater Chain for $2.6 Bil.

Dalian Wanda Group agreed to buy AMC Entertainment Holdings Inc. (AMC) for $2.6 billion including debt, according to statement by the group. The deal will ...

Alibaba to Buy Back Shares from Yahoo for $7.1 Bil.

Alibaba has repurchased about 20% of its shares from Yahoo for $6.3 bil. in cash and up to $800 mil. in new Alibaba non-voting preferred ...

China's Machine Tool Output Jumped 32.1% in 2011

China's machine tool industry grossed total output value of 660.65 billion yuan ($104.45 bil.) in 2011, a 32.1% jump over 2010, according to that nation's ...

Samsung Pays Top Execs Most in S. Korea

Samsung Electronics pays its executive board members more than any of the other 1,000 listed Korean companies with an average annual compensation of 10.9 billion ...

Jerome Austria Brings America to German Carmaker

Spicy Ramen Regains Ground Lost to White in S. Korea

The popularity surge of bland white ramens that had gobbled up S. Korean market share once held by perennial spicy red favorites appears to have ...

Manhattan Home Sales Rose As Prices Fell in Q4

Home sales in Manhattan rebounded at the end of the year, but experts predict a weak recovery for the new year because the number of ...

Hundreds of Dealerships Could Be Restored by GM

Hundreds of the 1,350 General Motors Co. dealers who lost their franchises last year could see them restored in a congressionally mandated arbitration

Apple Ally AT&T to Add Android Phone to Lineup

AT&T Inc. is adding cell phones running Google's Android operating system to its lineup, bringing what could be the iPhone's greatest rival

Cell Phones to Receive Free Local TV Broadcasts

The prospect of watching live, local TV shows on mobile phones and other portable devices is getting closer. Manufacturers this week are showing off

Tower Opening Marks Abu Dhabi's Rise, Dubai's Decline

There's no greater symbol of the shifting fortunes in the Gulf than the surprise renaming of the world's tallest building in Dubai

Avatar Explodes to $4.8 Mil. Record Opening Day in China

Already a global hit, James Cameron's "Avatar" raced to a $4.8 million first day in populous China, with a publicist predicting the sci-fi blockbuster

Amazon Unveils Global Version of Kindle

Amazon.com Inc. will start selling an international version of its larger-screen e-reader, Kindle DX, in an effort to snag more sales

Billionaire Rajaratnam to Face New SEC Charges

Federal prosecutors said Tuesday they will file new charges against billionaire hedge fund operator Raj Rajaratnam alleging he made at least $36 million

Google Unveils Nexus One "Super-Mobile" Phone

Google Inc. began selling its own mobile phone Tuesday, a much-anticipated move aimed at protecting its online advertising empire

Big Carmakers End Awful 2009 with Strong Momentum

Big automakers are glad to see the end of 2009, the worst year for U.S. sales in nearly 30 years.

Powermat Expands Wireless Charging for Cell Phones

Powermat USA helped consumers cut some power cords last year by selling mats that juiced up gadgets placed on top of them.

LG to Introduce 3-D TV in May

LG Electronics says it will introduce its first 3-D-capable flat panel TVs for the U.S. market in May.

Giant Bluefin Tuna Fetches $177,000 at Tsukiji Market

A giant bluefin tuna fetched 16.3 million yen ($177,000) in an auction Tuesday at the world's largest wholesale fish market in Japan.

Japan Auto Sales Fell to Lowest Level in 38 Years

Auto sales in Japan declined to their lowest in 38 years, slumping 9 percent to 2.9 million vehicles for 2009, an industry group said Tuesday.

China Pulls Out of $40 Bil. Australia Gas Deal

Energy giant PetroChina Co. Ltd. has pulled out of a $40 billion deal to buy natural gas from a project off Australia, leaving Woodside Petroleum ...

Apple to Unveil Tablet in January

Speculation intensified Monday that Apple Inc. will soon unveil a tablet-style gadget for consuming music, movies, books and other media.

Google Set to Unveil Own Branded Cell Phone

Google Inc.'s vision for how a mobile phone should be made and sold will likely raise the stakes in the Internet search leader's bid to ...

Obama Pushes Wireless to Rival Cable, Phone Service

The Obama administration is calling on federal regulators to make more radio spectrum available for wireless Internet services so they can compete

Manufacturing Data Shows Accelerating Growth

An unexpectedly strong report on manufacturing activity Monday bolstered confidence that the nation's factories will help sustain an economic recovery.

Global Chip Sales Saw First Rebound Since Downturn

Global chip sales posted a year-over-year gain in November, according to the Semiconductor Industry Association, another positive milestone

China Manufacturing Grew at Fastest Rate Since 2004

China's manufacturing expanded in December for a ninth straight month as government stimulus spending boosted domestic demand

Prius Japan Sales Tripled to Top Spot in 2009

The Toyota Prius was the top-selling car in Japan last year — the first time a gas-electric hybrid has clinched that spot.

JAL Could File Bankruptcy on January 19

Struggling Japan Airlines Corp. could file for bankruptcy as early as Jan. 19 under a government-backed restructuring plan which includes 13,000 job cuts

U.S. Firm to Build $5 Bil. Solar Power Plant in China

A U.S. solar power company said Saturday it will help build a series of solar thermal power plants in China, as the world's biggest emitter ...