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GM to Recall 2,000 Workers in Sept.

General Motors Company (GM) will recall the final 2,000 workers on lay off by September, Joe Ashton, vice president of United Auto Workers (UAW) said on Wednesday at a bargaining convention in Detroit. "Those people will all be back at work in September, and we will have full ...

Yahoo Unveils Real-Time Search Service

Yahoo Inc. on Wednesday introduced a new feature to its search engine, which the company said can deliver answers and direct access to websites before users complete their query or hit the search button. The new feature, called Search Direct, predicts search results as fast as a ...

Steel Makers Set for Coke Boost

Chinese steel makers will soon have a financial tool to hedge some of their production costs with the introduction of coke futures contracts. Domestic mills supply only a third of their coke needs from their own production, compared with a self-sufficient rate of 85-95 percent ...

iPad 2 Heads to HK But Not Mainland

Apple's latest generation iPad 2 will be sold in Hong Kong, Singapore and South Korea in April but no date has been announced for its debut on the Chinese mainland. There is still "no information" about the domestic debut for iPad 2, Apple China said Wednesday. The device, which ...

Chinese Industrial Firms' Profits up 34.3 pct in First Two Months

Profits for China's biggest industrial companies rose 34.3 percent year to year to reach 645.5 billion yuan (about 97.8 billion U.S. dollars) in the first two months this year, the National Bureau of Statistics (NBS) said Sunday. The combined revenues of these industrial ...

China Shenhua Says Net Profits Up 23 Pct Last Year

China Shenhua Energy Co. Ltd., China's largest coal producer, said Saturday that its net profits reached 37.19 billion yuan (about 5.63 billion U.S. dollars) in 2010, up 22.8 percent from the previous year. The Shanghai-listed company said in its annual business report that ...

Dongfeng Automobile Net Profit Up 79 Pct Last Year

China's Dongfeng Automobile, the listed arm of Dongfeng Motor Company, said Saturday its net profit in 2010 surged 79.54 percent year on year on robust auto sales. The Shanghai-listed company, based in Wuhan City in central China's Hubei Province, saw net profit reach 570.82 ...

Sinopec Profits Increase 13.7 pct in 2010

The China Petroleum and Chemical Corp., Asia's largest oil refiner, said Sunday its net profits in 2010 rose 13.7 percent year on year, according to international accounting standards. Net profits of Sinopec, as the company is known, hit 71.8 billion yuan (10.9 billion U.S. ...

Pixar Brings Fascinating Animation World to HK

The latest exhibition by Pixar Animation Studios opened Sunday at the Hong Kong Heritage Museum on the first stop of its new global tour. The exhibition "Pixar: 25 Years of Animation" building on the success of its last international tour, offers the most comprehensive review of ...

CapitaMalls Asia Seeks HK Listing

Singapore-headquartered shopping mall developer and operator CapitaMalls Asia has submitted an application for a secondary listing on the Hong Kong stock exchange, the company announced Monday. The company, which is listed on the Singapore Exchange and a component of the ...

Baidu Seeks Win-win Business Model in Copyright Dispute

In his first response to a recent copyright dispute, Robin Li, chairman and CEO of Baidu, Monday said the company is stepping up anti-piracy efforts and hopes to work out a mutually beneficial business model to settle the dispute. China's most popular search engine was accused of ...

Hutchison Whampoa's Net Profit Up 47 Pct in 2010

Hutchison Whampoa, a ports-to-telecom conglomerate controlled by Hong Kong billionaire Li Ka- shing, said on Tuesday its net profit in 2010 jumped 47 percent year on year to 20.04 billion HK dollars (2.57 billion U.S. dollars). The figure was higher than the average net profit ...

Airbus Advances A320neo's Service to 2015

France-based aircraft maker Airbus decided to bring forward the entry-into-service for A320neo Family from 2016 to October 2015 due to earnest market demand, the firm said Wednesday in a statement. "The exceptional market demand for the A320neo Family ... has encouraged us to ...

Microsoft, Toyota Join Hands on "Cloud Computing" Platform

Microsoft Corp. and Toyota Motor Corp. (TMC) on Wednesday announced that they have forged a strategic partnership and plan to build in-car digital information services using Microsoft's "cloud computing" platform. The two companies said they plan to invest 1 billion yen (about 12 ...

Minmetals Eyes Equinox

Minmetals Resources, China's biggest metals trading firm, offered US$6.5 billion to buy Equinox Minerals, chasing the target company's copper assets in Zambia and Saudi Arabia. Minmetals, which owns mining operations in Australia and Asia, said it would offer C$7 (US$7.26) per ...

Carlsberg Seeks to Reposition Brand, Double Profits by 2015

Danish beer maker Carlsberg A/S is repositioning its brand in a bid to double profits by 2015, the company announced on Tuesday. Carlsberg's green logo is recognized worldwide, but its sales do not match its brand presence, the company's CEO, Joergen Buhl Rasmussen, said in a ...

Japan's Quake Impact to Buoy up Ford, GM's North American Market Share

The Deutsche Bank has forecast that the impact of Japan's devastating earthquake and tsunami may lead to a reduction in auto production this year in North America, but GM and Ford will gain market share, according to a Wednesday report of Detnews. Deutsche Bank analyst Rod Lache ...

Microsoft Appoints New Marketing Head

Microsoft Corp. on Wednesday announced that it has appointed Chris Capossela as chief marketing officer, responsible for the software giant's marketing, advertising and corporate communications. Capossela will also take the role of senior vice president of the company's Consumer ...

Mercedes-Benz Recalls over 136,000 SUVs in U.S.

Daimler AG is recalling more than 136,000 Mercedes-Benz M-class SUVs in the United States over complaints that the cruise control doesn't immediately disengage when drivers tap the brake pedal, according to a Tuesday report on the website of the National Highway Traffic Safety ...

Google Bids $900m for Nortel Patents

Google is now trying to bolster its weak position in the smartphone industry's patent wars by bidding $900 million US dollars for a stack of patents put up for sale by Nortel, the bankrupt Canadian communications equipment maker. The bid comes as Google, along with the handset ...
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Minivans rev up sales for GM
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