March 11, 2002 |
Billionaire investor Warren Buffett issued a pessimistic outlook on the world, saying the war on terror could never be won--a potential problem for his insurance interests--and warning that returns from the stock market over the next few years look meager. Buffett also said 2001 earnings of Berkshire Hathaway Inc., the insurance and investment company he controls, fell 76% as it absorbed losses from the Sept. 11 terrorist attacks and the recession.
August 28, 2001 |
This island's latest big shift in China policy got rave reviews from the stock market and business leaders Monday, though some politicians urged the government to be careful with the new plan to expand economic ties with the mainland. The reaction came one day after President Chen Shui-bian accepted the advice of a high-powered team of advisors, who urged him to scrap limits on trade and investment with Taiwan's Communist neighbor.
December 24, 2000 |
When Nissan's plant here on the outskirts of Tokyo opened four decades ago, it was a symbol of hope and possibility for a nation still recovering from World War II. The network of supplier companies that sprouted around the hulking factory made locals feel they had something as certain as the rich Japanese soil--a lasting harvest of paychecks to replace the 80-year-old silk factories and tea plantations then in the throes of decline.
August 9, 2000 |
Carmike Cinemas Inc., the struggling No. 3 U.S. movie theater chain, filed for Bankruptcy Court protection from creditors less than a week after failing to make $9 million in interest payments to bondholders. The Columbus, Ga.-based chain listed $841.1 million in assets and $652.8 million in debts in its Chapter 11 petition Tuesday in U.S. Bankruptcy Court in Wilmington, Del.
April 10, 1997 |
Apple Computer has surprised makers of clone machines and strained its uneasy alliance with IBM by proposing steep increases in licensing fees for the struggling computer manufacturer's operating system. In recent months, Apple has proposed raising licensing fees by as much as 10 times the current rates, which vary widely but are typically about $50 per machine, industry sources said.
April 9, 1997 |
In a widening corruption probe, prosecutors said Tuesday that they will question eight more South Korean politicians about whether they helped arrange bank loans to overextended Hanbo Iron & Steel Co. in exchange for political donations. However, the jailed former president of Seoul Bank testified before the parliamentary committee investigating the scandal that there was no outside pressure on his institution to offer credit to Hanbo.