China Mobile 1Q profit up 5.2 percent but growth slows amid financial crisis, competitionBEIJING — China Mobile Ltd., the world’s biggest phone company by subscribers, said Monday its first quarter profit rose 5.2 percent but growth slowed due to China’s economic slowdown and stronger competition. Shanghai Auto Show a showdown for global, Chinese car makers fighting over only growth marketSHANGHAI — China’s up-and-coming automakers unveiled a smorgasbord of new vehicles Monday at Shanghai’s auto show, from compacts and electric vehicles to the biggest, brassiest SUVs and luxury sedans, maneuvering to upstage their global rivals in the world’s only major growing market. China shares up, led by financials, after premier says stimulus is showing resultsSHANGHAI — Chinese shares rose to a new eight-month high Monday, after Premier Wen Jiabao said Beijing’s stimulus spending was showing results. GM executives say car maker plans continued expansion in China, despite US financial woesSHANGHAI — Dealing with the crisis at General Motors Corp. kept new CEO Fritz Henderson from traveling to Shanghai’s auto show, but executives say the company intends to continue growing in China regardless of how its financial mess is resolved. China Telecom 1Q profit down 27.4 percent as demand for fixed-line service dropsBEIJING — China Telecom Ltd. said Monday its first quarter profit plunged 27.4 percent as demand for traditional fixed-line telephone services weakened. Wallabies negotiating to play All Blacks in Tokyo and make 1st Grand Slam tour 25 yearsSYDNEY — The Australian Rugby Union is close to securing a fourth Bledisloe Cup test in Tokyo and its first Grand Slam tour of Britain and Ireland in 25 years. Most Asian markets inch higher as investors await earnings; China shares gain on Wen commentsHONG KONG — Asian stocks edged higher Monday as the Chinese premier’s positive assessment of the world’s third-largest economy helped soothe nerves ahead of key earnings reports from leading U.S. companies. European markets opened lower. Oil falls below $50 in Asia investors brace for poor US company earningsSINGAPORE — Oil prices fell below $50 a barrel Monday in Asia as investors braced for a slew of U.S. corporate earnings reports this week that could temper optimism about global economic recovery. Survivor of Oklahoma City bombing: If time heals all wounds, why does it still hurt?OKALAHOMA CITY — The Oklahoma City National Memorial & Museum brought together those who survived the 1995 bombing of the Alfred P. Murrah Federal Building, family members of the victims and rescue workers for a program called “First Person: Stories of Hope.” Shanghai Auto Show a showdown for automakers zeroing in on world’s only major growth marketSHANGHAI — International automakers are converging on China’s commercial capital for a show that, once marginal, is now a key showcase — and battleground — for the world’s only major growing car market. Reports: South Korean prosecutors to question former president in bribery scandalReports: SKorean prosecutors to quiz ex-president SEOUL, South Korea — South Korean prosecutors will question former President Roh Moo-hyun about whether he received millions of dollars from a businessman while in office, news reports said Saturday. 18 people dead after explosives catch fire at coal mine in central China18 people dead in coal mine explosion in China BEIJING — China’s state television says 18 people have died and six are injured after three-story warehouse blew up at a coal mine in central China. Actors Guild reaches tentative deal with studios after year of talks over issues like InternetActors union relents in tentative studio deal LOS ANGELES — The Screen Actors Guild and the Hollywood studios said Friday they have reached a tentative deal on movie and prime-time TV show productions, capping a yearlong battle that ended with the Guild giving up its fight for better Internet compensation. |
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