Thu Jul 25, 2013 1:30am EDT * Q1 net profit 2.52 trln won vs consensus of 2.39 trln won * Competition, supply restraints hit sales, margins in Korea, U.S. * Outperforms in China with new model, factory * Shares up 0.5 pct after results By Hyunjoo Jin SEOUL, July 25 (Reuters) – Hyundai Motor Co’s […]

China’s labour costs per unit are tipped to overtake the United States in 2015 and Australia’s productivity decline in manufacturing is even more pronounced, according to research by Hong Kong-based investment group CLSA. The Australian reports that labour costs per unit in China were 30 per cent of what they were in the US in 2000. The time since has seen […]

Photo by Michelle Gross In its final resting place following the big move. The Schifter house weighed approximately 1,600 tons and was moved, foundation and all, on 40 dollies. [More Photos]  When Rick and Jennifer Schifter realized it was only a matter of time before the ocean that had drawn them to the remote southeast […]

Since President Obama took office in 2009, he has repeatedly sworn to tackle America’s economic malaise. “If President Barack Obama‘s new focus on the economy sounds familiar, that’s because he’s done it before,” the Associated Press noted archly this week. “Obama has been launching—and re-launching—initiatives on the economy. Some came with new policy proposals, others […]