TOKYO, April 21- Japan's Taiyo Life Insurance plans to maintain its holdings of foreign and domestic bonds in the current fiscal year through March 2015, a senior official said on Monday.» Read More
The U.S. Labor Department will release employment data for September on Friday. Markets in mainland China and South Korea were closed for public holidays. "Holidays in China and hesitancy ahead of Friday's US jobs report will keep market activity restrained today," analysts at Credit Agricole CIB in Hong Kong said in a report.
SAN FRANCISCO-- Oracle CEO Larry Ellison envisions his recently acquired Hawaiian island becoming a "little laboratory" for experimenting with more environmentally sound ways to live. Ellison's ambitions include converting sea water into fresh water on the 141- square-mile island of Lanai.
The ADB said growth in developing Asia, which includes giant emerging economies such as India, China and Indonesia, will slow to 6.1 percent this year from 7.2 percent last year and only partly rebound to 6.7 percent in 2013. It had previously forecast growth of 6.9 percent for 2012 and 7.3 percent for 2013. The forecasts don't include Japan, an advanced economy.
NEW YORK-- An opera-loving philanthropist convicted of a multimillion-dollar fraud will soon be freed from prison on bail after a federal appeals court signaled on Tuesday he might be succeeding in proving his case deserves a second look.
HONG KONG-- Police arrested seven crew members from two boats that collided in Hong Kong waters, killing 38 holiday revelers, but offered no explanation about how the vessels ran into each other on a clear night in one of the safest and most regulated waterways in Asia.
DALLAS-- American Airlines and its pilots' union have agreed to resume stalled contract negotiations. Thomas Horton, CEO of American parent AMR Corp., which is operating under bankruptcy protection, said Tuesday he was pleased that "intensive bargaining" was scheduled to begin this week.
SLIPPING AWAY: American Airlines says improperly installed clamps caused seats on at least two planes to come loose in recent days. MORE INSPECTIONS: After first saying it would inspect the seats on eight Boeing 757 planes, American said Tuesday it would check 47 planes that have the same model of seat in coach cabins.
PARIS-- "Don't take things too seriously," said Karl Lagerfeld standing next to a towering wind turbine inside Paris' Grand Palais, "especially not fashion." The iconic house's fun, young collection headlined the penultimate day of Paris' spring-summer 2013 show.
PARIS-- "Don't take things too seriously," said Karl Lagerfeld standing next to a towering wind turbine inside Paris' Grand Palais, "especially not fashion." Chanel's veteran designer, with trademark humor, thus summed up an important message of this Paris season.
NEW YORK-- Theravance Inc. said Tuesday it formed a partnership with Italian drugmaker Alfa Wassermann SpA to develop its gastrointestinal disorder drug velusetrag. Theravance said the companies will work together on mid-stage clinical testing of the drug.
FOOTHILL RANCH, Calif.-- The Wet Seal Inc. said Tuesday that revenue from its stores open at least a year fell nearly 13 percent for September. Wet Seal said this measure fell 12.6 percent at its namesake stores, which target teenagers, and fell 13.6 percent at its Arden B stores for young women during the five-week period that ended Sept. 29.
COLUMBIA, Md.-- Computer network security company Sourcefire Inc. said Tuesday that CEO John Burris, who is being treated for colon cancer, is retiring effective immediately. Sourcefire said Martin Roesch, founder of the company and chief technology officer, will continue to act as interim CEO while it looks for a permanent replacement for Burris.
It's not just a matter of keeping up with the times, Duncan said in remarks to the National Press Club. South Korea, which consistently outperforms the U.S. when it comes to educational outcomes, is moving far faster than the U.S. in adopting digital learning environments.
LAS VEGAS-- With billions of dollars at stake, the head of the gambling industry's main lobbying group sounded a pessimistic note Tuesday about the prospect of Congress passing Internet regulatory laws this year.
HOME PRICES RISE: A measure of U.S. home prices jumped 4.6 percent in August compared with a year ago, the largest year-over-year increase in more than six years. CoreLogic, a private real estate data provider, also said Tuesday that prices rose 0.3 percent in August from July, the sixth straight monthly gain.
Among the stock activity stories for Tuesday, Oct. 2, from AP Business News:. _ Shares of Chipotle Mexican Grill Inc. plunged after well-known hedge fund manager David Einhorn reportedly said that the burrito chain is facing increasing competition from Taco Bell as well as higher costs.
STRONG SEPTEMBER: U.S. auto sales rose 13 percent to nearly 1.2 million in September. Toyota, Honda and Volkswagen saw the biggest increases.
OMAHA, Neb.-- Ag Processing Inc. plans to expand one of its soybean processing plants in Minnesota to boost production of a soy feed additive for cattle. CEO Keith Spackler says demand is strong for the AminoPlus product, and this expansion will help the company serve customers in the upper Midwest, Canada and other international locations.