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U.S. factories are closing. American manufacturing jobs are reappearing overseas. China’s industrial might is growing each year.
And it might seem as if the United States doesn’t make world-class goods as well as some other nations.
“There’s no reason Europe or China should have the fastest trains, or the new factories that manufacture clean energy products,” President […]
The young roulette dealer, dressed in electric green, gives the wheel a spin as a crowd of men clutch their whiskey glasses, hoping to strike it rich.
Thus begins a night of gambling, drinking and mingling at the newly opened Casino Damascus _ the first to open in Syria in nearly four decades.
The glittering casino showcases […]
Samsung Electronics said net profit rose 13 percent in the fourth quarter of 2010 amid higher sales of semiconductors and smartphones as the technology giant rounded out a record year for profits and revenue.
Samsung, the world’s largest manufacturer of computer memory chips and flat screen televisions, earned 3.42 trillion won ($3.1 billion) in the three […]
Toyota recalled nearly 1.7 million cars worldwide Wednesday for fuel leaks, the latest in a ballooning number of quality problems that could add another dent to its tarnished reputation in the crucial U.S. market.
Toyota’s latest recalls are mostly in Japan, but they also include the IS and GS Lexus luxury models in North America, where […]
Filed under: marketing, mortgage by Finance Boss
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Packaging manufacturer Rock-Tenn Co. is buying competitor Smurfit-Stone Container Corp. for $3.5 billion in cash and stock, the companies announced Sunday.
The combined company will have annual sales of more than $9 billion, they said, making it one of the largest North American paperboard companies.
The deal values Smurfit-Stone’s common shares at $35, a 27 percent premium […]
As concern about the economy eases, investors are increasingly optimistic about stocks and have pushed the market up more than 100 percent from early 2009 lows.
But the next few weeks could test whether continued optimism is warranted.
As companies report their profits for 2010 and chief executives provide outlooks for the months ahead, Standard & Poor’s […]
Filed under: business, technology by Finance Boss
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Louis Barrale believes the coffeehouse of the 21st century is not a “fixed location.”
“It’s wherever the customer wants it to be,” he said.
For seven years, he and his wife, Andrea Barrale, ran Cairdeas Coffee, a neighborhood coffee shop in Dogtown. But as the recession wore on, they realized they were making more money from the […]
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Debt-stressed Portugal raised euro750 million ($1 billion) in a Treasury bill sale on Wednesday, with a lower interest rate and high demand reflecting an easing in tension about the country’s financial woes.
Many analysts expect Portugal to eventually seek a bailout like Greece and Ireland, though the government insists it can restore fiscal health without help.
The […]
Filed under: management, uk by Finance Boss
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Most of the major U.S. airlines will report a profit for the fourth quarter of 2010, capping a turnaround year for the industry. Wall Street expects more improvement this year, even with fuel prices rising and millions of would-be travelers still out of work.
Delta Air Lines Inc. is expected to report its third consecutive quarterly […]
Filed under: homeowners, online by Finance Boss
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A federal judge says he expects the first lawsuits against Toyota Motor Corp. stemming from sudden acceleration allegations will go to trial in 2013.
U.S. District Judge James Selna gave the timeframe during a status hearing Friday in Santa Ana.
Selna is overseeing the economic class action and the personal injury lawsuits in the massive litigation that […]
Filed under: Uncategorized, mortgage by Finance Boss
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