COMPANIES

Foxconn says fire at China plant extinguished

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A fire at a plant belonging to Apple Inc supplier Foxconn Group in Shandong, eastern China, has been extinguished without casualties and there will be no impact on operations, said a spokesman for group's listed entity Hon Hai Precision Industry Co Ltd .

Japan's Kobe Steel mulls sheet plant in China

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Kobe Steel Ltd , Japan's No.4 steelmaker, said on Tuesday it was in talks with China's Anshan Iron and Steel Group to jointly build a plant for high-strength automotive steel sheets in China, in a bid to tap growing demand for lighter vehicles there.
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U.S. Housing Sector

New Home Sales Fall to Six-Month Low - Housing's Summer of Discontent

U.S. new home sells fell in August to a 295,000-unit annual rate, the fourth straight monthly decline for the beleaguered sector. The slump means that housing is likely to be a drag on U.S. GDP for at least the next two quarters, perhaps for longer. New home prices are attractive, but potential buyers should tread carefully: they may drop in many markets.
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Cracking Down on Job-Candidate Credit Checks

Last week, the California legislature sent the governor a bill that would ban most employers from running credit checks on job applicants. If the governor signs the bill into law (which this web site tells us he’s likely to), California will become the biggest get yet for those pushing for such laws around the nation. Is this just what a country full of unemployed people with wrecked credit needs? Or is it, as HR managers have been hollering, a way of hindering them from finding good, upstandin...
Boeing 787

787 Dreamliner: 5 Reasons Boeing's Big Bet Will Win

Boeing has delivered its first 787 Dreamliner to All Nippon Airways and a company vice president told employees in a ceremony they are part of a once-in-a-lifetime experience. It's a signature moment for the company, aviation, the flying public, and even America.
An ANA 787 Dreamliner

Boeing 787 Dreamliner Delivered: Big Dream Becomes Big Reality

Boeing has spent roughly $32 billion so far to launch the Dreamliner, according to an estimate by The Seattle Times, with half spent in development and half spent on manufacturing. Now Boeing has finally crossed the achievement threshold, completing the company's first contractual delivery of a 787 Dreamliner.
Sergio Ermotti

Investors Assess New UBS CEO, Hope For Fast Revamp

UBS investors welcomed the Swiss bank's choice of caretaker chief executive, Sergio Ermotti, on Monday after Oswald Gruebel resigned in the wake of a $2.3 billion rogue trading scandal and cleared the way for a major overhaul of the investment bank.

Despite 10M Units, Galaxy S2 Still Lags iPhone

Consumer electronics giant Samsung said this weekend that its popular Galaxy S2 smartphone sold over 10 million units globally, making it the most-sold Android phone in the world, but it still has a ways to go before it catches up to Apple.
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iPhone 5 Contender Galaxy S2 Hits 10M Units

Consumer electronics giant Samsung said on Sunday that its venerable Galaxy S2 smartphone reached 10 million units sold globally, making it the most sold Android phone and positioning it for a bout with Apple.
Groupon founder and CEO Mason attends the second day of the Allen and Company Sun Valley Conference in Sun Valley, Idaho

Groupon in Turmoil: COO Leaves, Company Restates Revenue

The daily deal business continues to grow, according to research, but the industry leader -- Groupon -- continues with shakiness in regard to leadership, profitability, and a planned initial public offering (IPO). The latest news is a new regulatory filing late Friday from the company that says the company's chief operating officer Margo Georgiadis is leaving the company to return to Google, her former employer. She was only on the job with Groupon, the Chicago-based Internet daily deal compa...
The first Boeing 787 Dreamliner

Boeing Dreamliner Set for First Delivery

Boeing Co's 787 Dreamliner, the world's first commercial airplane made largely of lightweight composite materials, is set for first delivery to a customer next week.

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