August 9, 2012 |
California's exporters enjoyed a big month in June, posting impressive gains compared to the same month a year earlier, according to an analysis by Beacon Economics of foreign trade data released Thursday by the U.S. Commerce Department. The gains came in spite of the fact that the value of the U.S. dollar rose in comparison to other world currencies, making U.S. goods more expensive overseas, the report said. The strong showing also came even as many customers of U.S. goods were in the throes of weak economic recoveries.
July 25, 2012 |
Twitter chief executive Dick Costolo said the 140-character social media platform is working on a way to let you see all of your old tweets. Currently, Twitter only lets you go back and see a certain number of your older tweets, but Costolo said that will change. “We're working on a tool to let users export all of their tweets,” Costolo told The New York Times . “You'll be able to download a file of them.” That's good news for any users who want to go back to look at their old content, but of course, Twitter isn't the first social network to let you do this.
July 17, 2012 |
The nation's busiest seaport complex closed in on the peak cargo shipping season with a moderately strong showing last month. June is typically a busy month for cargo traffic at the ports of Los Angeles and Long Beach, which rank first and second, respectively, in the U.S. in the movement of cargo containers. Port officials said that they are hedging their bets about what the numbers signaled given recent negative economic news. "We're hesitant to read too much into this given the state of the economy," said Art Wong, a spokesman for the Port of Long Beach.
July 11, 2012 |
WASHINGTON - The nation's trade deficit narrowed for the second straight month in May as American exports eked out a 0.2% gain from April - despite the global economic slowdown and the strengthening of the U.S. dollar, the Commerce Department reported Wednesday. Though the latest data are better than expected, other indicators suggest U.S. exporters will feel an increasingly bigger hit from the Eurozone crisis and the slowdown in China. Manufacturing has been a big contributor to the American recovery and job growth, but it has weakened since spring along with the broader economy.
July 5, 2012 |
LODI, Calif. — With bottles ready for tasting, a group of Lodi wine producers waited anxiously recently for a delegation of monied businesspeople they hoped to impress. The vintners burst into applause when the group finally arrived, more than an hour late. The guests weren't Hollywood moguls or Silicon Valley venture capitalists. They were potential customers and investors from the city of Shenyang in northern China, coming to check out Lodi as a potential source of affordable wine to supply China's rapidly growing market.
July 4, 2012 |
After a month in which some prominent Democrats op- enly questioned President Obama's campaign strategy, the mood at the White House has risen, with strategists believing their efforts to define Mitt Romney as a corporate outsourcing specialist are proving a success with swing voters. The shift can be seen in several recent polls that have shown Obama ahead in key states and moving upward nationally. In Gallup's daily tracking poll, for example, Obama has taken a 48%-44% lead over Romney, the first significant lead that either candidate has held since late April in Gallup's survey.
July 3, 2012 |
Activision is taking the war to China. The Santa Monica company Tuesday said it plans to debut a free online version of its popular "Call of Duty" shooter game in China this year. The game, which is being developed in Shanghai, will be tailored to how people play games in China, namely online and largely in Internet cafes. Players in the U.S. and Europe, on the other hand, prefer to buy their games from a store and take them home to play on computers or consoles. Although players in China will not have to pay for the game, they would have the choice to buy enhancements, more powerful weapons or special gear for their virtual soldiers.
July 1, 2012 |
SEOUL - China is quietly inviting tens of thousands of North Korean guest workers into the country in a deal that will provide a cash infusion to help prop up a teetering regime with little more to export than the drudgery of a desperately poor population. The deal, which has not been publicly announced by either Beijing or Pyongyang, would allow about 40,000 seamstresses, technicians, mechanics, construction workers and miners to work in China on industrial training visas, businesspeople and Korea analysts say. Most of the workers' earnings will go directly to the communist North Korean regime.
July 1, 2012 |
RAWALPINDI, Pakistan - In a country where mullahs ceaselessly denounce Western vices and laws prevent restaurants from offering anything stronger than mocktails or Red Bull, the Murree Brewery somehow perseveres, churning out pallets of lager with an efficiency that would make Milwaukee proud. A relic of British colonialism, the 152-year-old brewery has survived a 1977 government decree banning tippling by Pakistani Muslims, turning instead to a small but ever-present clientele of non-Muslim foreigners and Christian Pakistanis on the hunt for alcohol-enhanced answers to Pakistan's 100-plus-degree summers.
June 15, 2012 |
Cargo volumes through the nation's busiest seaport complex were flat in May compared with the same month a year earlier, but international trade experts said that trade numbers should improve in June. Import cargo through the ports of Los Angeles and Long Beach, which rank first and second in the U.S., respectively, dropped 2.4% in May to 620,659 containers compared with May 2011. Exports were down 0.08% to 314,190 containers. Empty containers headed back to Asian manufacturing centers were up, but not enough to shove the numbers into positive territory.