BUSINESS: GOLDSEA

Subscribe for Free Updates

Subscribe Now to receive Goldsea updates!

Subscribe for updates on Goldsea: Asian American Daily

Subscribe Now

Business

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

Improving Jobs Data Shrugged Off by Wall Street

A September rally driven by economic reports regularly beating modest expectations appears to be on hold Thursday even after a weekly report

GM to Court SAIC, Other Foreign Investors for IPO

Investment bankers handling the upcoming General Motors Co. stock sale are expected to court foreign investors as well as those in North

GM to Test All-Electric Chevy Cruze in Korea

General Motors says it will launch a test fleet of electric cars in South Korea as it continues to develop battery-powered models of its Chevrolet ...

World Stocks Rise on Oracle, RIM Earnings

World stock markets mostly rose Friday as positive earnings news from technology companies such as Oracle and BlackBerry maker Research

LG to Replace Electronics CEO with Group Chairman's Brother

South Korea's LG Electronics, the world's third-biggest maker of mobile phones, said its chief executive will be replaced by the brother

China Approves Local Branches for Taiwan Banks

China has given approval to four Taiwanese banks to set up branches on the mainland, a major step toward financial cooperation

Electric Carmaker BYD Takes Stake in Tibet Lithium Mine

Chinese battery and autos maker BYD Co. said Friday it has agreed to buy an 18 percent stake in a Tibetan-based lithium and boron miner

Playstation Move Gets Gamers Off Couch

Sony Corp. gets gamers off the couch with its new motion controller, the PlayStation Move.

Samsung Tablets to Be Sold by Top U.S. Wireless Carriers

Samsung says all four major U.S. wireless carriers will sell its iPad-like tablet computer in the coming months.

3-D Grabs Center Stage at Tokyo Game Show

The Tokyo Game Show has a lot of people wearing dark glasses this year, with the buzz turning 3-D at the annual event that brings ...

Lotte Group Buys Control of Pepsi Philippines

Lotte Chilsung Beverage, a Lotte Group affiliate, has paid $101 million for a controlling 34.4% stake in Pepsi-Cola Products Philippines (PCPP), becoming its largest

U.S. Trade Deficit Surges on Strong Car, PC Demand

Americans' stronger appetites for imported goods, especially cars and computers, lifted the broadest measure of the U.S. trade deficit in the second

Global Markets Dip Ahead of U.S Jobs Report

World markets mostly fell Thursday ahead of another set of U.S. jobs data and news that British retail sales fell in August for the first ...

Banks Let Foreclosed Stay Amid Saturated Market

Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis.

Sony Update Plays 3-D Movies on Playstation

Sony's PlayStation 3 game console will work as a Blu-ray disc player for 3-D movies and music videos, not just 3-D games, with a software ...

China Rejects U.S. Union Complaint over Clean Energy Support

China rejected a U.S. union's trade complaint over Beijing's support for clean energy industries and said Wednesday such criticism is hypocritical

Microsoft's Sleek IE 9 to Load Pages Faster

Microsoft Corp. is unveiling the "beta" test version of Internet Explorer 9 on Wednesday, the first of a new generation of Web browser programs

Mastercard Sees 20% Profit Rise on Overseas Use

MasterCard Inc. expects its net income to rise at least 20 percent this year, helped by a small boost from foreign exchange and a modest

Foreign Investment in China Grew Slower in August

Foreign investment in China weakened again in August after rebounding from a slowdown earlier this year, the government reported Wednesday.

Japanese Stocks Soar on Weaker Yen

Japanese stocks jumped Wednesday, outperforming other world markets, after the Bank of Japan intervened in the currency markets

Stocks Tilt Back Up After Fed Speaks

Stocks and bonds rose Tuesday after the Federal Reserve said it was ready to provide more help to the economy if necessary.

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 ...

CarMax Posts Higher Profits on Strong Used-Car Sales

Used car dealership chain CarMax says its fiscal second-quarter net income rose 4.8 percent as an uncertain economy continued to boost sales

Asia Stocks Gain in Thin Holiday Trading

Asian stock markets posted modest gains in holiday-thinned trade Wednesday after the Federal Reserve expressed concern about the flailing

Twitter Hacker Causes Mischief with Feeds

A new way to cause mischief quickly spread through short-messaging service Twitter on Tuesday morning before the site could fix the problem

United, Continental Merge to Become World's No. 1

United and Continental closed a deal on Friday that will create a new No. 1 airline in the world, ending Delta's two-year hold on the ...

MetroPCS Leads 4G Wireless Rollout in U.S.

MetroPCS Communications Inc., a regional cell phone company that mainly caters to low-income customers, on Tuesday became the first U.S. carrier

Cessna Blames Economy for Cutting 700 Jobs

Cessna Aircraft announced Tuesday it will cut another 700 jobs, saying it has not seen the growth and recovery that it expected this year.

August Jobless Rate Rose in Calif., 26 Other States

More than half of U.S. states saw their unemployment rates rise in August, the largest number in six months, as hiring weakened across the country.

IBM to Pay $1.7 Bil. for Data Miner Netezza

IBM Corp. said Monday it has agreed to pay $1.7 billion for Netezza Corp., a company that helps businesses sort through data on corporate servers.

Strong European Debt Sales Lift Investor Mood

Solid bond auctions in Ireland, Spain and Greece helped to further shore up sentiment in the markets Tuesday while investors waited for the latest

Oil Slips to $74 Ahead of Key Fed Meeting

Oil prices slipped to near $74 a barrel Tuesday in Asia as traders looked to a key U.S. central bank meeting later in the day ...

World's Airlines Treble Profit Forecast

Global airlines have rebounded faster than expected from the recession after losing nearly $26 billion over 2008 and 2009, the industry association

China Fines Toyota Finance Arm for Bribing Dealers

Authorities in eastern China say they have fined Japanese automaker Toyota Motor Corp.'s finance unit for giving bribes to car dealers

Asian Stocks Rise on Hope of More Fed Action

Asian stock markets advanced Tuesday as hopes for more action by the Federal Reserve to prop up the U.S. economy extended Wall Street's rally

World Stocks Stay Up on Fed Easing Hopes

Global stock markets rose Monday amid ongoing expectations that the Federal Reserve will decide to pump more money into the U.S. economy next month.

Apple Shares Touch New Record on iPad Hopes

Apple Inc.'s stock flirted with $300 Tuesday as investors high on the iPad's promise pushed shares to a record peak. Analysts see few reasons

Google to Build Off-Shore Wind Farms

Google will invest heavily in a network of deepwater transmission lines to bring power from offshore wind farms, yet to be built, to states along ...

China Raises Big Bank Reserve Ratio for 2 Months

China has raised reserve requirements for the six biggest commercial banks by 50 basis points on a temporary basis to cut the money supply

Pfizer to Buy King Pharmaceutical

Pfizer Inc., the world's largest pharmaceutical company by revenue, said Tuesday it will buy pain drug maker King Pharmaceuticals Inc. for $3.6 billion in cash.

Fed Rate Setter Dampens Market Hopes

World markets fell Tuesday after a leading U.S. rate-setter dampened expectations that the Federal Reserve is preparing a massive monetary stimulus

France Begins Mass Strikes Over Pension Reforms

Workers tried to shut down France on Tuesday with strikes affecting airports, public transportation, schools and the postal service in a showdown

[sharebar]