Economists Question China's Consistent Growth Numbers
BEIJING–Fresh doubts emerged over the reliability of Chinese statistics on Wednesday after officials said the economy grew 6.7%—for the third consecutive quarter. It was the first time since Beijing started releasing quarterly figures in 1992 that it had achieved such a feat of consistency. Economists say it is rare for a fast-growing economy to clock the same growth quarter after quarter. In China, it happens because Beijing...>> view originalMedia|New York Times Names AG Sulzberger Deputy Publisher
The competition for the deputy publisher position had been closely watched in the newsroom, and the fact that the selection came earlier than expected — the company had said it would happen by next May — will most likely be interpreted as further evidence that the pace of change is quickening. Mr. Sulzberger, the son of Arthur Sulzberger Jr., who took over as publisher in 1992, was one of three candidates, all cousins. The others were Sam Dolnick, 35, who oversees many initiatives at The Times,..>> view originalStarbucks plans to double stores in China in 5 years
FILE - This Saturday, May 31, 2014, file photo, shows the Starbucks logo at one of the company's coffee shops in downtown Chicago. Starbucks is pushing ahead with its expansion into China and said it is on track to having about 5,000 stores there by 2021, more than doubling the number of coffee shops it currently has in the country. (AP Photo/Gene J. Puskar, File) The Associated Press By JOSEPH PISANI, AP Business Writer NEW YORK (AP) — Starbucks is pushing ahead with its expansion into..>> view originalUS home construction fell 9 percent in September
WASHINGTON (AP) — Homebuilders pulled back on construction for a second straight month in September, with a plunge in apartments offsetting gains in single-family homes. Building activity was weak in all parts of the country except the Midwest. The Commerce Department says construction tumbled 9 percent in September to a seasonally adjusted annual rate of 1.05 million units. It was the slowest pace in 18 months. Construction had fallen 5.6 percent in August. The weakness last month reflected a..>> view originalAfter Indictments, Lotte Group Seen Kicking Off Charm Offensive
As Lotte Group’s founding family braces for trial to face charges of embezzlement, tax evasion and breach of fiduciary trust, the nightmare for investors in the South Korean conglomerate may be approaching an end.On Wednesday, prosecutors announced widely expected indictments against the chairman and his family. Now that’s happened, Lotte can turn its attention toward unveiling sweeping reforms by as soon as next week, a group official said, asking not to be identified because the plan hasn’t b..>> view originalFiat Chrysler recalls 75000 vehicles in the U.S. over fire risk
DETROIT - Fiat Chrysler Automobiles is recalling about 182,000 Jeep Wranglers from the 2016 and 2017 model years in the U.S. over an issue with airbags potentially not deploying in a wreck. The automaker said in documents filed with U.S. safety regulators that in certain conditions a front impact sensor wiring may be pulled until it detaches before a signal can be received by the vehicle's occupant restraint controller. If the occupant restraint controller doesn't receive a signal, both front..>> view originalYahoo's Mayer addresses email breach, but not customer churn
Yahoo's Mayer addresses email breach, but not customer churn Mike Snider , USA TODAY , KHOU 7:23 AM. EST October 19, 2016 Yahoo president and CEO Marissa Mayer speaks during the International Consumer Electronics Show in Las Vegas on Jan. 7, 2014 (Photo: Julie Jacobson, AP) Yahoo delivered pretty much as expected in what could be its last earnings report as an independent company.The Sunnyvale, Calif.-based company, which is in the midst of being acquired by..>> view original
Monday, October 31, 2016
Economists Question China's Consistent Growth Numbers and other top stories.
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