BUSINESS: GOLDSEA

Subscribe for Free Updates

Subscribe Now to receive Goldsea updates!

Subscribe for updates on Goldsea: Asian American Daily

Subscribe Now

Business

Newspapers Report Record Circulation Losses

Circulation at newspapers shrank at an accelerated pace in the past six months, driven in part by stiff price increases imposed by publishers scrambling to ...

Recession Over but Suffering Continues

It's about to become official: The recession is over — but not the pain. The government will release figures this week expected to show that ...

Hertz Boosts Earnings Guidance for 2009

Hertz Global Holdings Inc. on Monday raised its earnings guidance for the year by more than 40 percent

GMAC in Talks with Treasury for 3rd Round of Bailout

GMAC Financial Services is in talks with the Treasury Department for a third injection of taxpayer aid as the auto lender faces a November deadline ...

Baidu Q3 Profits Jump 42% but Outlook Soft

Baidu Inc., which runs China's leading Internet search engine, said Monday that its third-quarter profit jumped 42 percent as revenue from online marketing services climbed.

Dollar Rises After Hitting 14-Month Low

The dollar reversed direction after hitting a 14-month low against the euro in volatile trading Monday after a regional Chinese central bank researcher argued for ...

Corning Profits Slip but TV Glass Demand Rises

Corning Inc. said Monday that demand is rebounding for its flat-screen television glass but the specialty glass maker's third-quarter profit fell 16 percent from a ...

Netflix to Stream Movies Through PlayStation 3

PlayStation 3 owners will soon be able to stream movies and TV shows from Netflix to their TVs using the gaming console, just as Xbox ...

3-D Likely to Be Next Big Home TV Upgrade

Fans scrambled to see 3-D movies such as "Cloudy with a Chance of Meatballs" in theaters this year and new 3-D televisions could soon have ...

Internet to Expand with Non-Latin Domain Names

The Internet is set to undergo one of the biggest changes in its four-decade history with the expected approval this week of international domain names ...

S. Korea Economy Grew at Fastest Pace in 7 Years

South Korea's economy grew at its fastest pace in over seven years in the third quarter amid strength in manufacturing and capital spending as Asian ...

Capmark Files for Chapter 11 Protection

Capmark Financial Group, one of the nation's largest commercial real estate lenders, has filed for bankruptcy protection amid mounting bad debt.

Oil Prices Slump on Surprising Gas Supplies

Oil prices hung below $78 a barrel Thursday in Asia as an unexpected jump in U.S. gasoline supplies cast doubt on the strength of a ...

iPhone Reaches China Without WiFi Access

Apple's iPhone is making its long-awaited formal debut in the world's most populous mobile phone market, without a key feature and at higher prices

Japan Jobless Rate Falls for 2nd Straight Month

Japan's unemployment rate fell for the second straight month as companies gained more confidence in the stimulus-fueled global recovery but prices continued to tumble

Strong GDP Growth, Weak Dollar Drive Up Commodities

Commodities prices rebounded Thursday, buoyed by a falling dollar and a stronger-than-expected reading on the economy.

Consumers Return to Pricier Name Brands

Signs of an improving economy might be in your kitchen or bathroom cupboards. Consumers are showing a willingness to pay a little more

China to Invest $1.5 Bil. in Texas Wind Farm

China took a big leap into the U.S. renewable energy market Thursday, putting up $1.5 billion for a 36,000-acre wind farm in Texas with the ...

Hawaii Gov to Woo Big Spenders from China

Gov. Linda Lingle will leave on Friday for a two-week excursion to China where she intends to sell Hawaii as a tourism destination and to ...

Alcoa Working with China on Jetliner Development

Alcoa Inc. said Thursday it is working with China on the development of the country's newest and biggest commercial jetliner.

Asia Stocks Continue Slide on Weak U.S. Data

Asian stock markets fell for a third day Thursday after signs of weakness in the U.S. housing market added to fears about the health of ...

Record NYC Real Estate Deal Looms As Record Bust

It was the most expensive real estate deal in U.S. history. Now it's poised to become one of the biggest flops. At the height of ...

Q3 Data to Show Recession Ended but Doubts Persist

The economy appears back on its feet after being knocked over by the worst recession since the 1930s.

CIT Group Gets $4.5 Bil. More to Restructure Debt

CIT Group Inc., one of the nation's largest lenders to small and mid-sized businesses, said Wednesday it received $4.5 billion in credit from its own ...

New Home Sales Fall Unexpectedly

Shares of homebuilders slid Wednesday as new home sales dropped for the first time in five months.

GM to Post Sales Gains for First Time in 21 Months

General Motors Co. is likely to post its first year-over-year monthly sales gain in 21 months when automakers report sales figures on Tuesday, a top ...

China's Geely in Talks to Buy Volvo from Ford

Ford Motor Co. has picked a consortium led by China's Geely Group as the preferred bidder to buy its Swedish Volvo Cars unit, the U.S. ...

Japan Carmakers Report Record China Production

Japanese automakers are experiencing a production boom in China with Toyota, Honda and Nissan setting records for September — the latest signs of an emerging ...

Asian Markets Fall on U.S. Consumer Sentiment

Global stock markets dropped Wednesday as more signs American consumers were struggling undermined hopes for a stronger turnaround in the world's largest economy.

Ex-AMD CEO Fingered As Leaker in Galleon Case

Chip maker Advanced Micro Devices Inc. is "thoroughly reviewing" published reports fingering former chairman and CEO Hector Ruiz as the AMD executive who gave confidential ...

Toyota Pushes into Hyundai Country

Toyota is making a push into South Korea — the home market of international rival Hyundai Motor Co. — introducing four models including the Camry ...

Comcast to Debut Shows Online for Subscribers

You'll be able to watch popular cable television series such as HBO's "Entourage" and AMC's "Mad Men" on your computer by the end of the ...

Oil Shale Trials Show Promise But Leases Shrink

Efforts to mine oil from rock are ongoing in Wyoming, Colorado and Utah, speakers at a symposium said Tuesday, the same day Interior Secretary Ken ...

Wind Power Industry Adds Capacity with Federal Grants

Armed with nearly $1 billion in federal grants, wind farm developers installed more capacity and got projects off the drawing board in the third quarter. ...

Obama Shifts Bailout Focus to Small Banks, Businesses

President Barack Obama wants smaller community banks to have greater access to the government's $700 billion financial rescue fund as the administration refocuses the bailout ...

Yahoo Q3 Profits Triple on Cost-Cutting, Ad Recovery

Yahoo Inc. may finally be pulling out of a three-year slump that cast aside two CEOs and spurred a cost-cutting campaign that led to about ...

UAL Says Business Travel Improving Despite Loss

United Airlines said on Tuesday that it's seeing early signs of a recovery in business travel as it reported a smaller-than-expected quarterly loss. The recession ...

Coach Sales Rise with Help from Lower-Priced Line

Coach Inc.'s fiscal first-quarter profit fell slightly, but revenue rose as new, lower-priced handbag lines helped juice sales. The company blamed heavy promotions spurred by ...

Asia Stocks Up, Europe Down on U.S. Earnings

Most Asian stock markets climbed Tuesday as a rash of better-than-expected earnings reports from major U.S. companies buttressed confidence in the world economy. European markets ...

Motorola Cliq May Impress Some As "Sick"

Imagine how you'd feel if you peaked in middle school. That's pretty much what happened to cell phone maker Motorola Inc., which had a megahit ...

Toyota Unveils Bigger Hybrid-Only Model

Toyota Motor Corp. has unveiled a more expensive and bigger hybrid-only model than its hit Prius, underlining the Japanese automaker's ambitions to make green technology ...

China Crosses 10 Mil. A Year Auto Production Mark

China's annual auto production surpassed 10 million for the first time on Tuesday, as a new "Liberation" model truck rolled off the assembly line at ...

Video Game Sales Improve in September

After six straight months of double-digit declines, U.S. video game sales finally saw an improvement in September. But the rebound was much more muted than ...

Honda May Move Fit Production to U.S.

Honda Motor Co. says it may move production of the popular Fit hatchback to the U.S. to offset the effects of a stronger yen. Spokesman ...

Morgan Stanley Sells Consumer Unit to Invesco

Morgan Stanley said Tuesday it will sell its retail asset management business, including the Van Kampen division, to money manager Invesco Ltd. for $1.5 billion ...

Apple Earnings Surge 47% on iPhone Sales

Apple Inc. increased its net income 47 percent in the most recent quarter as more people bought Mac computers and gave in to the iPhone ...

Stocks Rise as Earnings Beat Views

Investors found a fresh appetite for stocks Monday after a handful of earnings reports revived hopes that the economy is improving.

JAL Shares Surge on Gov't Rescue Plan

Shares of Japan Airlines surged nearly 12 percent Monday following a report the government is expediting a rescue for the struggling carrier.

Netflix Q3 Earnings Surge 48% on Subscriber Boom

Netflix Inc. has been doing so well during the recession that it's getting tougher for the DVD-by-mail pioneer to live up to investors' lofty expectations. ...

Biggest Solar Power Plant Set to Open in Florida

Greg Bove steps into his pickup truck and drives down a sandy path to where the future of Florida's renewable energy plans begin: Acres of ...