January 27, 2012 |
This post has been corrected. See the note at the bottom for details. Ford Motor Co. reported a giant annual profit, but much of the gain came from a special tax allowance, and the company said its operating earnings were hurt by losses in Europe and Asia and rising commodity prices. The automaker reported an annual operating profit of $8.8 billion, almost 6% above the prior year. Full-year net income reached $20.2 billion, a gain of more than 200%. That included a special one-time, non-cash accounting change from the reversal of Ford's deferred tax assets.
February 4, 2009 |
In another departure from her predecessor, Secretary of State Hillary Rodham Clinton plans to visit East Asia on her first trip in her new role. Clinton is expected to visit China, Japan and South Korea, and perhaps a country in Southeast Asia, according to a foreign diplomat knowledgeable about plans for the trip. The itinerary signals that Clinton intends to take a closer interest in East Asia than did Condoleezza Rice, her predecessor.
June 27, 2012 |
Apple expanded its iTunes Store to Hong Kong, Singapore, Taiwan and nine other countries Wednesday, but the tech giant did not include India or China in its latest expansion into Asia. The Cupertino, Calif., company announced the expansion of the digital store Wednesday, saying it will hit the new areas with more than 20 million songs, including local and international music. The other countries included in Apple's expansion are Brunei, Cambodia, Laos, Macao, Malaysia, the Philippines, Thailand, Sri Lanka and Vietnam.
July 4, 2009 |
Stocks fell in Europe and Asia on Friday, extending the MSCI World Index's longest weekly losing streak since March, as reports on retail sales and the service industry added to concern that the first global recession since World War II will persist. U.S. markets were closed for the Fourth of July holiday. Metro AG, Germany's biggest retailer, slipped 2.5% as European retail sales dropped more than economists estimated. Seven & I Holdings Co.
November 9, 2009 |
With unemployment topping 10% and his healthcare plan still facing Senate action, President Obama has plenty to keep him busy at home. But on Thursday, he will head to Asia for more than a week, a trip that underscores the White House's conviction that a close partnership with China and other Pacific Rim nations is crucial to American interests. Obama is scheduled to stop in Japan, Singapore, China and South Korea, bringing to 20 the number of nations he has visited since taking office in January.
March 17, 2010 |
Striding purposefully, his smile lighting up a rainy afternoon, Barack Obama appears to have arrived here early to tour an elementary school he attended as a boy. But wait. It's not him. The U.S. president is still back in Washington shepherding his healthcare bill toward passage. He's not due to arrive in Indonesia until next week. So who is this guy? He's Ilham Anas, a 34-year-old teen-magazine photographer who has parlayed a striking resemblance to the American president into his own brand of celebrity.