March 31, 2008
Mitsubishi Heavy Industries is going ahead with its mid-sized regional jet - the first "made in Japan" passenger aircraft in three decades.
The announcement from the company President Kazuo Tsukuda came Friday, a day after major Japanese carrier All Nippon Airways placed the first orders for the twin-engine aircraft that seats about 70 to 90 […]
online
- Comments closed
March 29, 2008
Spending by American consumers, who have sustained the economy amid housing's worst downturn in a generation, rose in February at the slowest pace in more than a year.
The 0.1 percent increase in purchases followed a 0.4 percent gain in January, the Commerce Department said today in Washington, matching economists' projections. The report also […]
news
- Comments closed
March 27, 2008
The deepening housing slump brought U.S. growth to a near standstill in the fourth quarter and has now probably tipped the world's biggest economy into a recession, economists said ahead of a government report today.
Gross domestic product advanced at a 0.6 percent annual rate in the last three months of 2007, matching the […]
finance
- Comments closed
March 25, 2008
Confidence among U.S. consumers probably fell to a five-year low in March as more Americans lost their jobs and gasoline prices climbed, economists said before reports today.
The Conference Board's confidence index fell to 73.5 from 75 in February, according to the median estimate of 61 economists surveyed by Bloomberg News. Another report today […]
business
- Comments closed
March 24, 2008
The blockbuster initial public offering of Visa Inc (V.N: Quote, Profile, Research) — the largest ever in the United States — will do little to revive the slowing IPO market, which has been dampened by investors spooked by the credit crisis.
With its $17.9 billion offering, the world’s largest credit-card network’s IPO is the […]
management
- Comments closed
March 22, 2008
Gibson Guitar Corp. has filed a lawsuit against six major retailers, including Target Corp. and GameStop Corp., that sell the popular "Guitar Hero" video game, saying the game violates a patent the guitar maker holds.
Nashville, Tenn.-based Gibson, which already has filed suit against the game's publisher, Activision Inc. (Nasdaq: ATVI), said Target, […]
finance
- Comments closed
March 20, 2008
European exports to the U.S. fell last year for the first time in four years as the dollar's decline made goods from Europe more expensive for Americans.
Shipments to the U.S. declined 3 percent to 194 billion euros ($305 billion) in 2007, the European Union's statistics office in Luxembourg said today. That followed an […]
term
- Comments closed
March 18, 2008
Japanese Prime Minister Yasuo Fukuda nominated former Finance Ministry official Koji Tanami as central bank governor, setting a collision course with the opposition who rejected his first choice for being too close to the government.
The Democratic Party of Japan is “disappointed'' by Tanami's nomination and will have difficulty approving him, said Jun Azumi, […]
news
- Comments closed
March 17, 2008
Monthly retail sales suffered a surprising drop last month as American households continued to curtail their spending amid higher energy and food prices and a weakening jobs market.
The Commerce Department reported Thursday that total retail sales fell 0.6%, compared to a revised 0.4% increase in January. January sales were originally reported to have increased […]
online
- Comments closed
March 14, 2008
China's factory and property spending rose 24.3 percent in January and February, maintaining pressure on Premier Wen Jiabao to prevent the world's fastest- growing major economy from overheating.
Fixed-asset investment in urban areas rose to 812.1 billion yuan ($115 billion) from a year earlier, the statistics bureau said today. That was more than the […]
finance
- Comments closed