Business

China to Use Shame, Penalties to Punish Polluting Carmakers

Michael A. Katz   | Oct 16, 2014 10:22 AM EDT

The Chinese government plans on using a combination of production limits and shame against automobile manufacturers that don't meet fuel mileage requirements. read more

Huawei Sales on Pace to Fall Short by $1.8 Billion

Michael A. Katz   | Oct 16, 2014 07:03 AM EDT

Chinese telecommunications giant Huawei is on pace to fall $1.8 billion short of its own 2014 revenue forecasts based on the first-half sales estimates of CEO Guo Ping. read more

China's Corruption Crackdown Threatens Crab Industry

Mitch de Leon   | Oct 16, 2014 09:30 AM EDT

The latest industry to fall victim to the corruption crackdown conducted by authorities in China is the gourmet crab trade. read more

Huawei Banned from US Market on Suspicions of Espionage

Desiree Sison   | Oct 16, 2014 05:17 AM EDT

The chief of the world's largest telecommunications firm, Huawei, said the company doesn't need the U.S. market to reach its global growth goal. read more

United Airlines to Add Wi-Fi, In-Flight Entertainment to Regional Jets

Ren Benavidez   | Oct 15, 2014 03:47 PM EDT

United Airlines announced Wednesday that it will be adding Wi-Fi service and video streaming in 200 of its bigger regional jets, which flies or is flown by the United Express, from late 2014 till early 2015. read more

HBO Cuts Cable Cord, Will Launch Standalone Service in 2015

David Curry   | Oct 15, 2014 12:52 PM EDT

HBO is preparing a cable-free broadband subscription service in 2015, offering their TV shows to broadband-only and international audiences for the first time. read more

Chinese Walnuts Worth More Than Gold

Michael A. Katz   | Oct 15, 2014 11:18 AM EDT

Chinese farmers are making a fortune selling walnuts, which are used as hand masssagers among the elite, and can fetch as much as $26,000 for a pair. read more

Apple is World’s Most Valuable Brand Despite Delayed Next-Gen iPad Production

Vanessa Francisco   | Oct 15, 2014 02:36 PM EDT

Apple is hailed as the World's most valuable brand in the 2014 Interbrand Best Global Brands annual report. The company is reportedly worth almost $199 billion and the biggest corporation with a $591 billion stock market valuation today. read more

Zhu Yunlai Resigns As CEO Of Top China Investment Bank

Desiree Sison   | Oct 15, 2014 08:35 AM EDT

Zhu Yunlai, eldest son of former premier Zhu Rongi, stepped down from his post as CEO of a China investment bank and plans to enter the finance online business read more

Toyota Recalls 1.7 Million Vehicles Over Several Issues

Ren Benavidez   | Oct 15, 2014 10:38 AM EDT

Toyota announced Wednesday that it is recalling 1.75 million cars worldwide due to brake problems and issues with its fuel component system. read more

China Suspends New Bond Sales Amid Corruption Crackdown

Ren Benavidez   | Oct 15, 2014 10:51 AM EDT

China has temporarily suspended its plan to review new bond issues to slow bond sales amid the expansion of the anti-corruption campaign in the country, Nasdaq reported Wednesday. read more

Chinese Steel Industry Suffers Losses As Demand Shrinks

Desiree Sison   | Oct 15, 2014 07:03 AM EDT

The Chinese steel industry has been feeling the crunch in its business as low demand for the product has reached a record high read more

Converse Sues 31 Companies Over Trademark Infringement

Ren Benavidez   | Oct 15, 2014 03:21 PM EDT

Converse filed a lawsuit Tuesday against 31 companies, including K-Mart and Wal-Mart, over their sales of fake Chuck Taylor shoes. read more

U.S. Reviews Sale of Waldorf Astoria to Chinese Company

Ren Benavidez   | Oct 15, 2014 12:31 AM EDT

The U.S. government is reviewing the sale of the Waldorf Astoria to a Chinese firm amid concerns about possible security risks. read more

Costco Opens for Business in China

Michael A. Katz   | Oct 14, 2014 03:28 PM EDT

Costco announced that it is opening an online store in China through Alibaba Group's Tmall online marketplace. read more

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