Business News

Chinese Economy Posting Smaller Gains

ABJ – China's annual economic growth slowed in the fourth quarter, confirming market views that the world's second-largest economy lost some of its lustre at the end of the year as Beijing shifts its focus to reforms. Unofficially, it’s believed China’s gross ...
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Casino Project in Spain Abandoned

ABJ – Las Vegas Sands of the U.S. has abandoned plans to invest more than $30 billion in a gambling resort outside Madrid, Spain. The news is a serious blow to the struggling European country as it tries to rebound from a horrendous five-year economic ...
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Honda Recalling Acura Sedans

ABJ – Honda is recalling nearly 7,800 of its Acura RLX sedans in both the United States and Canada to replace rear suspension bolts that may not have been properly tightened during the assembly process. The vast majority of the recall affects Americans, with just ...
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Barrick Laying off 1,500 in Argentina

ABJ – Government sources in Argentina say Canadian-based mining giant Barrick Gold is laying off about 1,500 of its 5,000 workers on the Argentine side of its suspended Pascua-Lama gold mine project. "As of 2014 there will be 3,500 workers," Alejandro Flores, ...
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Mollenkopf Staying at Qualcomm

ABJ – Dec. 13 – Just hours after a report surfaced that Microsoft was considering Qualcomm chief operating officer Steve Mollenkopf to become its next CEO, it was announced Mollenkopf will be promoted to CEO at Qualcomm in March, replacing current chief executive Paul Jacobs, ...
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GM Names Barra New CEO

ABJ – Dec. 11 – General Motors has named Mary Barra as its new chief executive, making her the first female to ever lead the world’s second-largest automaker. In fact Barra becomes the first woman to lead any major automaker. She replaces 65-year-old Dan Akerson, ...
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Bidding Farewell to Mandela

ABJ – Dec. 10 – Under rainy skies in Johannesburg, world leaders and other dignitaries gathered to honour Nelson Mandela, described by many as “one of the greatest leaders of our time." "South Africa has lost a hero, they've lost a father. ...
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Mandela Memorial Service

ABJ – Dec. 9 – U.S. President Barack Obama will be in attendance at tomorrow’s memorial service for Nelson Mandela, who died on Thursday at his home in Johannesburg at the age of 95. Former U.S. presidents George W. Bush, Bill Clinton and Jimmy Carter ...
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Nelson Mandela Dead at 95

ABJ – Dec. 5 – Nelson Mandela, widely regarded as one of the greatest leaders of modern times, passed away at his home in Johannesburg on Thursday after a prolonged lung infection at the age of 95. South ...
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Exports Up… Trade Deficit Down

ABJ – Dec. 4 – Good news on the domestic economic front on word the American trade deficit narrowed in October as exports hit a record high. Figures released by the Commerce Department indicate the trade gap fell 5.4 per cent to ...
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