Business

China Fines Japan's NSK

David Perry   | Aug 19, 2014 11:21 AM EDT

Japan's star auto parts supplier NSK got slapped with a $28.2 million (USD) fine by Chinese anti-monopoly regulators. The hefty sum comes as part of an ongoing anti-monopoly investigation. read more

Roughly $250,000 Needed To Raise Child In US

Staff Reporter   | Aug 19, 2014 04:28 AM EDT

The U.S. Department of Agriculture said that it will cost new parents nearly a quarter million dollars to raise a baby born in 2013 to adulthood, reported CNN.cm read more

PetroChina Plans Local Tieups In Restive Xianjiang

Mia Lindog   | Aug 19, 2014 03:47 AM EDT

State-owned parent China National Petroleum Corp., the nation's biggest oil and gas producer, plans to invest in exploration and production in the restive northwest province of Xinjiang to hasten its development, Bloomberg reported. read more

Paycuts For Top Bosses Of State-Owned Companies In China Coming

Mia Lindog   | Aug 19, 2014 02:24 AM EDT

Chinese President Xi Jinping is now training his sights on the compensation and perks given to the top officials of state-owned companies, as his administration continues its frugality and anti-corruption campaigns, Bloomberg reported. read more

US Stocks Rally As M&A Boosts Market

Ren Benavidez   | Aug 19, 2014 02:11 AM EDT

U.S. stocks increased when Nasdaq closed its 14-year high on Monday while homebuilders confidence surge as hopes for waning tensions in Russia urge investor to make larger bets on the stock market. read more

Aeropostale Rehires CEO Amid Company's Sales Crisis

Ren Benavidez   | Aug 19, 2014 02:21 AM EDT

Aeropostale rehired its former CEO following the company's poor performance in the market and sagging profits. read more

Analysts: Flourishing Asian Market Huge Draw For Global Investors

Jasmine Solana   | Aug 19, 2014 02:28 AM EDT

Global investors are taking advantage of the healthy Asian stock and bond markets, financial analysts reported. read more

Inventor Of The Pop-Up Ad Apologizes

David Perry   | Aug 18, 2014 06:12 PM EDT

Practically admitting his creation, the Internet pop-up ad, has morphed into an out-of-control digital demon, Ethan Zuckerman, has taken the extraordinary step of apologizing for ever having come up with the idea. read more

Al Gore Sues Al Jazeera For Millions

Cody Brooks   | Aug 18, 2014 04:40 PM EDT

Founders of the independent news network Current TV Al Gore and Joel Hyatt filed a lawsuit last Friday against Al Jazeera, claiming Al Jazeera owed millions in escrow funds after it purchased Current TV. read more

Billionaire Carlos Slim Helps Latino's in Company, Self Growth

Ren Benavidez   | Aug 18, 2014 01:23 PM EDT

Telecom magnate Carlos Slim advised religious and community leaders on Sunday on how to expand Latino owned communities all around the globe. read more

Mercedes-Benz Guilty Of Price Manipulation In China

Ren Benavidez   | Aug 19, 2014 11:47 PM EDT

Chinese regulators found Mercedes-Benz guilty of guilty of price-fixing its spare parts in China, Xinhua news reported. read more

China FDIs Slide Amid Investigations of Foreign Companies

Mia Lindog   | Aug 18, 2014 04:28 AM EDT

China reported that foreign direct investments fell by over a tenth in July, as the government continues its investigations on the foreign companies. read more

China Moves to Strengthen Banking Sector

Mia Lindog   | Aug 18, 2014 03:52 AM EDT

China is moving to strengthen its banking industry, starting with massive capital raising efforts by the four largest state-owned lenders and the formation of "bad banks" that will siphon off the soured debts accumulated by smaller banks in the countryside. read more

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