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Breaking News: BUSINESS BRIEFING
Source: Los Angeles Times

Shanghai :: China | updated Tue Nov 24 02:19:09 -0800 2009 | business-news

Drywall from China linked to corrosion The federal government said it has found a "strong association" between imported Chinese drywall and corrosion of pipes and wires, which supports complaints by thousands of homeowners in the last year...Consumer Product Safety Commission...
Credibility Views: 5 | News Stories: 15 | Blog Posts: 7 | 16 | 23 | 0
 
Latest Breaking News: Hormel 4th-qtr profit jumps despite sales decline
Source: Reuters

Hong Kong :: China | updated Tue Nov 24 06:32:13 -0800 2009 | business-news

Hormel Foods Corp ( HRL.N ) posted a 53 percent jump in quarterly profit, aided by lower hog prices and stronger sales of its namesake chili, and said earnings should rise in the current fiscal year. The company, which also...
Credibility Views: 3 | News Stories: 13 | Blog Posts: 0 | 14 | 14 | 0
 
Source: The Motley Fool

Shanghai :: China | updated Tue Nov 24 13:38:19 -0800 2009 | business-news

Industry after industry in decline, the Fed printing money so fast that gold bugs are multiplying like rabbits ... the U.S...F ) and how that airplane guy -- -- Alan Mulally -- -- yeah, him. You told me he's turning...
Credibility Views: 1 | News Stories: 4 | Blog Posts: 0 | 3 | 0 | 0
 
Current World News: Manulife: Back for more
Source: The Globe & Mail

Hong Kong :: China | updated Tue Nov 24 11:37:45 -0800 2009 | business-news

N ot only has Manulife Financial CEO Don Guloien done his first takeover since his decision to raise $2.5-billion in equity, there’s also new evidence supporting his view that regulators might require the company to hold more capital in the...
Credibility Views: 1 | News Stories: 4 | Blog Posts: 0 | 2 | 1 | 0
 
Latest World News: Chinese Economy Driven by the End of Communism
Source: Epoch Times

Beijing :: China | updated Tue Nov 24 07:39:45 -0800 2009 | business-news

The Chinese regime has always taken its high gross domestic product (GDP) growth rates as evidence of its success. Sure, GDP growth rate is one of the indices to measure a country’s economic development, and government policies can indeed affect...
Credibility Views: 1 | News Stories: 4 | Blog Posts: 4 | 15 | 16 | 0
 
Current Event: China Asks Its Banks to Slow Down
Source: The New York Times

Beijing :: China | updated Tue Nov 24 02:05:40 -0800 2009 | business-news

U.S. and European officials have also pressed their banks to shore up their finances in recent months, but the reasons behind the Chinese regulators’ capital-raising push are very different. In some ways, the regulatory pressure reflects the robustness of the...
Credibility Views: 1 | News Stories: 3 | Blog Posts: 0 | 8 | 7 | 0
 
Latest World Event: 'Godfather of Spam' going to prison
Source: CNN

Hong Kong :: China | updated Tue Nov 24 14:16:36 -0800 2009 | business-news

A man who claims to be the "Godfather of Spam" has been sentenced to 51 months in prison by a federal judge in Detroit for his lead role in an e-mail stock scam scheme, according to court documents. Alan Ralsky,...
Credibility Views: 1 | News Stories: 2 | Blog Posts: 6 | 2 | 1 | 0
 
Breaking News Event: Praxair to sell gases to Chinese solar cell maker
Source: San Francisco Chronicle

Shanghai :: China | updated Mon Nov 23 18:14:50 -0800 2009 | business-news

The statement from the industrial gas producer did not state the exact length of the contract or its value...Praxair said last month its third-quarter earnings of $325 million fell 8 percent, on a steep decline in sales due to weak...
Credibility Views: 0 | News Stories: 2 | Blog Posts: 1 | 0 | 5 | 0
 
Latest News Event: Analyst predicts small auto sales comeback in 2010
Source: Miami Herald

Shanghai :: China | updated Mon Nov 23 09:50:40 -0800 2009 | business-news

A top industry analyst says the U.S. auto industry will recover only a little next year because of a weak economy. Fitch Ratings analyst Mark Oline predicts sales of 11.1 million cars and trucks in 2010, up 7.8 percent from...
Credibility Views: 0 | News Stories: 2 | Blog Posts: 0 | 6 | 1 | 0
 
Breaking World News: Palmer woos Rinehart over coal
Source: The Age

Hong Kong :: China | updated Mon Nov 23 18:53:33 -0800 2009 | business-news

Palmer is seeking as much as $US3 billion ($3.3 billion) in the initial public offering of Resourcehouse Ltd...Resourcehouse is aiming to start building the China First coal mine, port and rail project in the Galilee Basin in Queensland next year...
Credibility Views: 10 | News Stories: 8 | Blog Posts: 2 | 30 | 24 | 0

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