Business

China's Investment in S Korea Up in H1

Marcel Woo   | Oct 21, 2014 10:50 PM EDT

China and South Korea continues to expand its trade relations as Chinese investments into the South Korean economy reached US$780 million in the first six months of the year, economists said. read more

McDonald’s to Revamp Image and Menu to Aid Declining Profits

Rubi Valdez   | Oct 22, 2014 01:31 AM EDT

McDonald's is overhauling its corporate image and means to serve its target market which is largely due to the staggering profit growth for the third quarter this year. The popular chain of fast food suffered a 30 percent net income decline as of September 30 collectively in stores in Europe, Asia, and United States. read more

Coca-Cola Slashes Retail Prices to Combat Stagnant Product Demands

Rubi Valdez   | Oct 22, 2014 02:33 AM EDT

Coca-Cola is eager to slash US$3 billion off of its market price due to dwindling sales of soda products. There are also concerns on job layoffs though the Atlanta-based company did not mention details on how it is planning to achieve its 2019 cost cutting goals. read more

Nestle Opens Dairy Farm Institute in China

Marcel Woo   | Oct 21, 2014 10:35 PM EDT

Swiss food giant Nestle has officially inaugurated a dairy farming institute in China, located in the northeastern province of Heilongjiang, as part of its commitment to expand in the country even as China has a current oversupply of dairy products. read more

Mall of America Seeks Chinese Shoppers

Dan Weisman   | Oct 21, 2014 09:49 PM EDT

The nation's largest mall, Bloomington's Mall of America near Minneapolis-St. Paul, Tuesday was embarking on a mission to bring more Chinese shoppers to the venue's seemingly endless corridors and 520 shops. read more

Foxconn, 21Vianet Form Data Center, Cloud Computing Joint Venture

Michael A. Katz   | Oct 21, 2014 03:04 PM EDT

Foxconn is teaming up with 21Vianet to form a joint venture to develop a global supply chain for the Internet data center and cloud computing infrastructure markets. read more

Apple Reports Record Mac Sales

David Curry   | Oct 21, 2014 02:11 PM EDT

For anyone thinking the computer is dead, they might want to look at Apple's Q3 2014 earnings call, which surpassed all analyst expectations when it came to Mac. read more

China Mobile Reports Falling Sales, Profits

Michael A. Katz   | Oct 21, 2014 09:35 AM EDT

The world's largest telecommunications company by subscriber reported declining profits for the fifth consecutive quarter, and a drop in sales for the first time in five years. read more

US Domestic Airlines Increase Fare Despite Low Prices of Jet Fuel

Desiree Sison   | Oct 21, 2014 08:58 AM EDT

Several domestic airlines have increased their travel fare despite low prices of jet fuel read more

China’s Economy Slows Down With 7.3% GDP Growth Rate, Weakest In 5 Years

Vittorio Hernandez   | Oct 21, 2014 03:12 AM EDT

China's economy slowed down during the third quarter of 2014, registering a 7.3 percent GDP growth rate--its weakest growth in five years. For Q2, China logged a 7.5 percent growth rate, according to the country's National Bureau of Statistics. read more

China Looks To Sell High-Speed Trains to California

Michael A. Katz   | Oct 21, 2014 12:19 AM EDT

China is reportedly looking to sell high-speed passenger trains to the state of California with an eye on a bullet train project that will shuttle passengers between Los Angeles and San Francisco in less than three hours. read more

IBM Admits Need to Reinvent Self as Tech Giant Reports 10th Consecutive Quarter of Weak Sales

Vittorio Hernandez   | Oct 21, 2014 03:01 AM EDT

IBM Chief Executive Virginia Rometty admitted during the release of the tech giant's quarterly report on Monday that she was disappointed with the results of the company's performance for the months of July through September. read more

Apple Logs Record-Breaking Sales As It Reports 39 Million iPhones Sold In Q3

Vittorio Hernandez   | Oct 21, 2014 02:50 AM EDT

#Bendgate and #Hairgate appear to not have dented consumer appetite for the two flagships simultaneously launched in 10 countries by the Cupertino-based tech giant on Sept. 19. read more

UPS Rate Hike, Computation Policy Change to Affect US, Canada, and Puerto Rico

Erika Villanueva   | Oct 21, 2014 02:37 AM EDT

The United Parcel Service Inc. (UPS) is taking steps towards a freights rate hike by an average of 4.9 percent after the holidays, affecting most shipments in the United States, Canada, and Puerto Rico. read more

Planned High-Speed Rail Line Linking Moscow and Beijing to Cut Travel Time to Just 2 Days from 6

Vittorio Hernandez   | Oct 21, 2014 02:18 AM EDT

China and Russia want to reduce the travel time between Beijing and Moscow by four days with the construction of the planned $230 billion high-speed rail link. Spanning more than 7,000 kilometers, the Trans-Siberian rail system would cut travel time to just two from the current six days. read more

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