BUSINESS: GOLDSEA

Subscribe for Free Updates

Subscribe Now to receive Goldsea updates!

Subscribe for updates on Goldsea: Asian American Daily

Subscribe Now

Business

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

Japan Cuts Key Interest Rate to Near Zero

Japan's central bank has cut its key interest rate to a range of zero to 0.1 percent, effectively introducing a zero interest rate policy.

J&J Buys Dutch Biotech Crucell for $2.41 Bil.

Johnson & Johnson said Wednesday it is buying Crucell N.V. for about $2.41 billion in a move that will boost the American health care company's

Costco Income Rises on Overseas Strength

Increased revenue from selling memberships and strength overseas helped push Costco Wholesale Corp.'s net income up 16 percent

Asia, Europe Stocks Rally on Fed Rate Cut Hopes

Global stock markets extended their rally Wednesday as investors remained hopeful that the Federal Reserve will introduce more monetary

Retail Sales Rose Modestly in September

Americans kept spending carefully last month, buying electronics and back-to-school clothes but holding back on luxuries.

Ford to Cut Lincoln Dealerships to Revitalize Brand

Ford Motor Co. plans to eliminate more than a third of its Lincoln dealers as part of its effort to revive the luxury brand, according ...

Service Sector Grew in September for 9th Straight Month

The U.S. service sector, the nation's predominate employer, expanded in September for a ninth straight month, although the growth has not been consistent

Japanese Stocks Lead World Markets After Rate Cut

Japanese stocks led world markets higher Tuesday after the country's central bank surprised investors by effectively cutting its main interest rate

Eurozone Retail Sales Fell Unexpectedly in August

Retail sales in the 16 countries that use the euro unexpectedly fell during August, official figures showed Tuesday, in another sign

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

Content Partners Sign Up for Google TV's October Launch

Google Inc.'s effort to wed Web surfing with television viewing is gathering more support from major media outlets that distribute some

Foreigners Find Irresistable Deals in U.S. Housing Bust

The Viceroy, a swanky condominium complex in downtown Miami, gives the impression that the United States is in another real estate boom.

Feds Sue 3 Major Credit Card Cos., Settle with 2

The Justice Department on Monday sued the three largest U.S. credit card companies for anticompetitive practices and reached a proposed settlement

Toyota Repaired 3.7 Mil. Cars Under Recalls

Toyota Motor Corp. said Monday it had fixed about 3.7 million vehicles in the United States as part of its massive safety recalls, citing progress

Poor Americans Bear High Cost of Going Bankless

The nickel-and-diming never stopped. The fees were constant: $28 to cash a paycheck. $1.50 for a money order.

Asia Stocks Up, Europe Down Ahead of U.S. Data

The continued relative strength of the yen hurt Japanese stocks earlier and the Nikkei 225 stock average closed down 23.17 points

Sanofi-Aventis Launches Hostile Bid for Genzyme

France's Sanofi-Aventis on Monday launched an $18.5 billion hostile takeover offer for Genzyme Corp., stepping up its effort to capture

Toshiba Unveils Glasses-Free 3-D TVs

Toshiba Corp. believes it has a solution for television viewers who like 3-D but hate the glasses.

Home Sales Rose to 2nd Lowest Level of Decade

Sales of previously occupied homes rose last month, but not enough to keep August from being the second-worst month for sales

Growth in Durables Orders Sends Stocks Up

Stocks resumed a September rally Friday as traders were encouraged that orders for manufactured goods excluding the volatile transportation

Korea Wins Control of UK's Dana Petroleum

Korea National Oil Corp (KNOC) has won a controlling interest in UK's Dana Petroleum with about 65% of its shares either owned or accepted

Asia Has 3 of World's Most Expensive Shopping Streets

A survey of rents in the world’s top 269 shopping locations in 59 countries by Wakeman & Cushfield has found Hong Kong, Tokyo and Seoul

Asia Stocks Dip on U.S. Jobs Data, Strong Yen

Asian stock markets fell Friday after a jump in U.S. unemployment claims led to a disappointing day on Wall Street.

HSBC CEO to Leave After Losing Bid for Chairmanship

HSBC's chief executive has lost his bid to move up to chairman and will leave the bank by the end of the year, the Financial ...

German Business Mood Highest in 3 Years

German business confidence unexpectedly rose to its highest level in over three years in September as a stronger economy supported 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.

Jobless Claims Nudge Back Up to 465,000

The tally of newly laid-off workers requesting unemployment benefits rose last week for the first time in five weeks as the job market

IRS Cuts Down Iffy Tax Break Disclosures for Big Corps.

The Internal Revenue Service is scaling back a new requirement that large corporations disclose on their tax returns whether they are taking

Blockbuster Seeks Chapter 11 Protection

Troubled video-rental chain Blockbuster Inc. filed for Chapter 11 bankruptcy protection, and said it plans to keep stores and kiosks

France Hobbled by Strikes Over Retirement Age

French commuters squeezed onto limited trains or fought for rare parking spots Thursday as a second round of strikes against President Nicolas

Euro Slips on Weak Business Sentiment

The euro gave up some of its recent gains against the dollar Thursday as traders booked profits after a survey showed business sentiment

Small Business Bill Set for Passage Amid Tepid Interest

A long-delayed bill to help struggling small businesses with easier credit and other incentives to expand and hire new workers is poised to clear

Philly Becomes Biggest U.S. City with Casino

Six years after the state Legislature legalized gambling, Philadelphia is set to become the largest U.S. city with a casino.

Michael Dell Flashes 7-Inch Android Tablet

Dell is working on a 7-inch tablet that runs Google's Inc.'s Android operating software.

Adobe Profits Soar but Cautious on Outlook

Adobe Systems Inc. posted a 69 percent jump in quarterly net income Tuesday but its shares tumbled after the software company said its revenue

Yuan Hits New High As Dollar Weakens

The yuan hit a new high of 6.6997 against the U.S. dollar on Tuesday, the highest level since June 19 when China pledged to make ...

LG Chem Adds Mitsubishi Motors As Battery Client

Mitsubishi Motors became the latest automaker to sign Korea's LG Chem as the battery supplier for its upcoming electric and hybrid vehicles

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

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.

China Growth to Offset U.S. Weakness Says IMF

The global economy will likely strengthen the rest of this year and in 2011 as China and other emerging powers offset weakness in the United ...

World Stocks Slip on Euro Debt Fears, Yen Action

World stock markets fell sharply Tuesday amid renewed worries over Europe's government debt crisis and a report that the Federal Reserve

China Studio Buys Stake in Hollywood Production Firm

The Hollywood production house behind hits including "Clash of the Titans" and "Inception" has sold a 3.3 percent stake to a Chinese studio

ADB Raises Asia Growth Forecast to 8.2%

The Asian Development Bank raised its forecast for the region's economic growth this year, crediting a rapid recovery in exports even as it warned