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Japan Electronics Makers Warn of $17 Billion Loss as Samsung Tightens Grip - Bloomberg

February 5, 2012

Japan

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More Americans to travel over the holidays

December 20, 2011

Despite continued worries about the economy, more Americans are expected to hit the highway this holiday season.
Travel group AAA said Wednesday it expects 91.9 million Americans — about 30% of the population — is expected to travel at least 50 miles from home during the 11-day year-end holiday season. That’s up 1.4% from a […]

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St. Louis needs to reboot economic development efforts

December 18, 2011

For the St. Louis economy, this year looked a lot like the previous 20 or 30, and it’s a rut we really need to get out of.
Job growth lagged the nation. Well-known local companies succumbed to takeovers, without enough new businesses to take their place. Officials argued about strategy while failing to address the region’s […]

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Official: New euro accord to include 23 countries

December 10, 2011

The president of the European Council says a new treaty will include 17 euro states plus 6 other EU states _ but not all 27 EU members.
Herman Van Rompuy, president of the European Council, said the countries would provide up to euro200 billion ($268 billion) in extra resources to the International Monetary fund.
French President Nicolas […]

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Sarkozy: Paris, Berlin to push for treaty changes

December 2, 2011

The leaders of France and Germany will meet next week and plan to push for fundamental changes to the European treaty governing the currency shared by 17 nations, President Nicolas Sarkozy said Thursday.
Sarkozy said in a speech in the southern port city of Toulon that during their meeting in Paris on Monday he and German […]

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Fed to conduct 4th round of bank stress tests

November 12, 2011

The second-ranking member of the Federal Reserve said the central bank will conduct a fourth round of stress tests in the coming weeks to determine if U.S. banks can withstand a recession.
Vice Chairman Janet Yellen said Friday that the tests are necessary because of the increased downside risks that Europe’s debt crisis poses to the […]

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British lawmaker grills News. Corp CEO at event

October 22, 2011

British lawmaker Tom Watson grilled News Corp. chief Rupert Murdoch about covert surveillance techniques by company employees as News Corp. held its first shareholders meeting following a phone-hacking scandal.
More than 100 people demonstrated Friday outside the lot of News Corp.’s Fox Studios.
Watson asked Murdoch whether he was aware that a person who had left prison […]

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Asia stocks gain as Europe, China shore up banks

October 11, 2011

Asian stocks surged Tuesday after a pledge by European leaders to protect the region’s banks against a continent-wide debt crisis and Beijing’s move to buy the shares of major Chinese lenders.
Oil prices hovered above $85 a barrel in Asia, while the dollar strengthened against the euro and the yen.
Hong Kong’s Hang Seng shot up 3 […]

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Japanese business confidence improves

October 3, 2011

A key central bank survey offered a cautiously optimistic assessment of corporate Japan, where business confidence is improving even as the global economy’s prospects darken.
In the Bank of Japan’s quarterly “tankan” survey of business sentiment released Monday, the main index for big manufacturers climbed back into positive territory as a recovery from the March 11 […]

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Nike’s 1Q net income rises 15 percent

September 23, 2011

Nike Inc. reported its fiscal first-quarter profit rose 15 percent as demand grew for its sneakers and athletic apparel in nearly every market worldwide despite an uncertain global economy.
The results, which were reported after the close of the stock market on Thursday, beat Wall Street’s expectations and sent its shares up in after-hours trading.
Under the […]

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