China 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...

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...

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...

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...

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...

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,...

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...

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...

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...