CHINA

Does GE Provide a Snapshot of the U.S. Economy?

At Issue: U.S. Economy
Is there a way to get a quick-read on the U.S. economy, for those who are time-pressed, and don't have time to review the latest economic reports from the U.S. Federal Reserve? Indeed there is: review the performance of diversified industrial giant General Electric (GE).
Fake Apple Store in Kunming, China

Fake Apple Store Spotted in Kunming, China: Would You Be Fooled? [PHOTO SLIDESHOW]

An American blogger and her husband came across an genuine-looking Apple Store in the city of Kunming, more than 1,000 miles from the nearest genuine Apple stores in Beijing and Shanghai. The store has signs and products which look so real that even its employees thought they were working for Steve Jobs, reported The Daily Mail. But notice, a real Apple Store would not put up an Apple Store sign.
More news
IBTimes Logo

As UK sells old aircraft carriers, China buyers circle

As it sells off its flagship aircraft carriers over a government website, Britain is finding enthusiastic interest from an unexpected group -- Chinese businessmen potentially keen enough to outbid any other rivals.
IBTimes Logo

Blogger sparks worldwide hunt for fake Apple stores

An American blogger who stumbled upon a near flawless fake Apple Store in China has become an Internet sensation after her post went viral and triggered a feisty debate about piracy in the world's second largest economy.
GE CEO Jeff Immelt

GE's Stock Trading Up on Positive Earnings Report

GE's stock opened in positive territory Friday after the company beat Wall Street's expectations in second quarter earnings. GE was upbeat about the future, including the latter half of 2011 and into 2012.
IBTimes Logo

POSCO warns of slow steel demand, high costs in H2

POSCO <005490.KS>, the world's No.3 steelmaker, warned of weakening demand growth and persistently high input costs in the second half, after posting a 17 percent fall in quarterly operating profit.
IBTimes Logo

POSCO meets forecast but warns of slow demand, high costs

POSCO <005490.KS>, the world's No.3 steelmaker, met market expectations with a 17 percent fall in quarterly operating profit on Friday, hurt by firm raw material costs and cheaper products from Japanese rivals after the March 11 earthquake.
IBTimes Logo

Volvo Q2 in line, sees slower construction market

Volvo stuck to its forecast for 2011 truck market sales and cut its outlook for the market for construction equipment due to a softer China, when reporting second-quarter earnings that met expectations.
IBTimes Logo

Greek deal lifts euro, stocks; outlook cloudy

Asian stocks rose and the euro climbed to a two-week high on Friday after European leaders agreed on a package to rescue debt-stricken Greece and gains will be sustained if U.S. policymakers also manage to cobble together a last minute deal.
IBTimes Logo

Japanese tech giants aim to bounce back from quake

Japan's major consumer electronics makers are expected to show April-June earnings collapsed due to the March earthquake, but focus is turning to whether they can meet their forecasts for a swift recovery, given a fragile global economy.
IBTimes Logo

Fake Apple Store in China even fools staff

Chinese counterfeiters have had a field day pumping out knockoffs of Apple Inc's best-selling iPhones and iPads, but one appears to have gone a step further -- a near flawless fake Apple Store that even employees believe is the real deal.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.