China Recovery Dogged by Doubt as Data Questioned
BEIJING — China reported stronger trade in March in a possible positive sign for its recovery but analysts said the data might be inflated and give a distorted picture of the economy’s health. Imports rose 14.1 percent after growing 5 percent rate for the combined January-February period, customs data showed Wednesday, suggesting Chinese manufacturers and consumers might be buying more. Export growth slowed to 10 percent from the previous two-month period’s 23.6 percent. That could add to challenges for newly installed Communist Party leaders as they try to sustain the rebound from China’s deepest downturn since the 2008 global crisis and avoid job losses. Analysts said, though, the data might be distorted by companies misreporting trade or government manipulation, clouding the picture of whether an economic recovery is gaining traction. Exports probably are lower than reported, based on what is known about shipments into Hong Kong, which Beijing lists as its biggest trading partner, ...
Apple dust-up leaves Chinese wondering
Apple CEO Tim Cook's apology may defuse an aggressive campaign against Apple by China's state media, but it has left questions for the company's followers and customers.
Why Is That 17-Year-Old’s $30 Million News App Even Legal?
Nick D’Aloisio has officially earned his seat at the cool kids’ table. The 17-year-old high school student this week sold his news aggregator app Summly to tech giant Yahoo for a reported $30 million in cash and stock. While he’s finishing up his diploma, he’ll also start work at Yahoo’s London office. Meanwhile, Yahoo plans to enhance its own mobile apps with the technology developed for Summly, which uses an algorithm to automatically produce easily digestible summaries of news stories. The issue now isn’t what fancy car the teenager plans to buy with his millions. The real question is whether Summly, and now Yahoo, can take news stories from around the web, present altered versions of them, and not run afoul of copyright law. A court ruling last week in New York against a Norway-based news aggregator has brought the issue of copyright infringement in the media world back to the fore. The Associated Press sued and defeated Meltwater, a subscription-based media monitoring service, ...
Marissa Mayer's Yahoo strategy could soon emerge
Marissa Mayer has done quite a bit for Yahoo since she became CEO last summer, but she still hasn't answered one question: "What is Yahoo's strategy?"
Found more than 1 month ago on channel CNN Money
Suntech in Bankruptcy Proceedings
Suntech was pushed into bankruptcy court in China, raising questions about how U.S. investors of the solar-panel maker will fare.