What if China ‘bubble’ pops?
World-renowned short seller Jim Chanos -- the hedge fund manager who called the fall of Enron and the systemic problems cause by subprime mortgages --recently turned his gimlet eye on China. He saw a country whose rapid rise was hiding massive flaws: grossly inflated real estate prices, irresponsible construction lending, massive overbuilding, a banking system larded with bad loans, and unreliable government data. Fitch Ratings weighed in this week saying that China's banks face the greatest "bubble risk" of any Asian country.
Next up on the jobs-creation agenda: Lure more foreign travelers to the United States.
The collapse of the Saturn sale and glitches in the Opel and Hummer deals are signs that GM faces a difficult turnaround after a quick bankruptcy.
Federal prosecutors say four men hacked the computer systems of online ticket vendors and bought up 1.5 million tickets to prime concerts, sporting events and live performances in an elaborate scheme that netted them more than $25 million.
Mucking out sewers, freezing on crab boats and scraping up roadkill - all in a day's work
In the early 1990's, I was listening to the Rush Limbaugh radio show when a young man from Youngstown, Ohio, called in to complain about... well, life.
Thousands of workers were part of a strike in an important north Indian industrial hub Tuesday, underscoring touchy labor relations in Asia's third-largest economy.
Ryanair on Monday rejected strong criticism from Britain's top business regulator, who accused Europe's largest airline of "puerile" tactics in the way it adds credit card fees on to advertised fares.
The social networking site wins damages against noted spammer Sanford Wallace for bombarding its users with junk mail.
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Toyota President Akio Toyoda said Wednesday he has no plans to appear before a U.S. Congressional committee next week.
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The Indonesian parliament invoked special powers Tuesday and will form its own task force to investigate alleged widespread government corruption.
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Google announces its full-on leap into the smartphone market, called the Nexus One, putting the online giant head-to-head with the iPhone.
Wall Street has finally gotten the piece of economic news it has been waiting for: the battered labor market may be starting to heal. But with major stock gauges at their highest levels in more than a year, recovery bets could already be baked into the cake.