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China Exports Tops Estimates
China’s exports increased at the fastest pace in the last five months in October. This was an indication that the world’s second largest economy started to rebound as its industrial output and retail sales topped forecasts. Overseas... More of this article »
Biggest Surplus in Trade for China in Four Years
In October, China saw its biggest trade surplus in close to four years. That gave the economic recovery in the country one of its biggest boosts of late, but could potentially add fire to the outside criticism of China’s for its... More of this article »
Automaker Files for Chapter 11 Bankruptcy
Suzuki announced on Tuesday that it was no longer going to sell cars in the U.S. due to dwindling auto sales. Today it announced it would file for Chapter 11 bankruptcy protection. The Japanese automaker will no longer sell cars under... More of this article »
Due to Falling Sales in China, Nissan Lowers Forecast
The annual forecast for profit was cut by Nissan officials by 20%. Nissan said sales in China have been plummeting following the territorial dispute between the second largest economy in the world and Japan. The automaker, based in... More of this article »
Ford Cuts Jobs in Europe
Ford motor announced another round of job cuts in Europe as well as plant closures Thursday as a way to stop regional losses that the auto manufacturer expects to be above $3 billion in the next two years. The company told British... More of this article »
AMD to Cut Jobs Due to Decline in PC Sales
Chip manufacturer AMD announced that it would slash 15 percent of its workforce due to the declining PC sales that resulted in the reduction of its revenues. The company said that the cuts were necessary and expected to be completed... More of this article »
Strong Dollar Results to Lower Coca-Cola Earnings
Coca-Cola released its third quarter earnings report and it said that its revenue was below the expectations made by Wall Street. It was the result of the declines in Europe and Asia, where it sold more lower-priced drinks due to economic... More of this article »
New Homes Sales Fall as Prices Go Up
It looks like the housing market is improving according to the latest report from the Commerce Department. New home sales reached their highest level in two years last August as prices soared to record level in more than five years. The... More of this article »