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Top 10 Daily Business China News Alerts 04/23/1975
by Tom McGregor    Wed, Apr 22, 2015, 09:28 PM

Stay Updated on Real China Business News at Real Time 


1.       Volvo Localizes Balancer Shaft Supply in China with Jebsen Automotive Technik


DALIAN, China, April 23, 2015 /PRNewswire/ -- Swedish carmaker Volvo Car Corporation and Mitec-Jebsen Automotive Systems (Dalian) have entered into a partnership to support the manufacture of the balance shaft for Volvo's new GEA3 engine and the production will be started in 2016.  Mitec-Jebsen, a joint venture of Jebsen Automotive Technik (JAT) and MITEC Automotive AG, will supply 220,000 balancer systems for the GEA3 every year from 2016 to 2022, manufacturing and integrating balancer shafts, oil pump steel gears and crankshaft gears.  



2.       Diablo III(R): Reaper of Souls(TM)? China Open Beta Now Live 


SHANGHAI, April 22, 2015 /PRNewswire/ -- Blizzard Entertainment, Inc. and NetEase, Inc. (NASDAQ: NTES) today announced that Sanctuary's gates have been thrown open to all Chinese heroes, as open beta testing for Blizzard Entertainment's award-winning action role-playing game Diablo III®: Reaper of Souls is now live in China. Players throughout China are now able to join the army of nephalem and embark on a challenging journey to save Sanctuary from the demonic forces of the Burning Hells! 

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'Armenian Massacre NOT Genocide,' Says Obama
by Tom McGregor    Wed, Apr 22, 2015, 04:28 AM

$ 1AAabbbccbamagenocide.jpgPresident Barack Obama is refusing to say that the incident when Ottomon Turks slaughtered over 1 million Armenian Christians over 100 years ago, should not be deemed a 'genocide.' The Armenian Massacre counts as a non-event for Obama.

According to NewsMax, "President Barack Obama is chickening out of a long-ago pledge to call the killings of more than 1 million Armenians by Ottoman Turks a "genocide" when he commemorates the 100th anniversary of the deaths Friday.  The Los Angeles Times, citing an unnamed senior administration official, reports the White House expects Obama will mark "the historical significance" of the "Meds Yeghern," as the massacres are known in Armenian, in his annual statement at the commemoration from the U.S."

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Maine Governor Takes Heroic Stand for Welfare Reform
by Tom McGregor    Wed, Apr 22, 2015, 03:57 AM

$ 1AAabbbccbagestamp.jpgDemocrats in the Maine state legislature are fighting tooth and nail against Governor Paul LePage's proposal to forbid welfare recipients from purchasing tattoos with food stamps.

Fox News reports that, "Maine Gov. Paul LePage's tough proposals, unveiled earlier this month, would prohibit using welfare benefits to buy alcohol, tobacco, lottery tickets and tattoos. LePage also wants to require applicants to apply for three jobs before being eligible, and ban the use of EBT (electronic benefit transfer) cards to withdraw cash outside of Maine."

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KABOOM: Tesco Endures Losses $8.5bn Last Year
by Tom McGregor    Wed, Apr 22, 2015, 03:34 AM

$ 1AAabbbccbascodroid.jpgTesco, a British supermarket chain, scored major losses in revenues for the 2014/15 fiscal year.

According to the Houston Chronicle, "Tesco, one of the world's largest retailers, posted a full-year net loss of 5.7 billion pounds ($8.5 billion) as it wrote down the value of properties to reflect deteriorating market conditions."

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BMW Goes Big-Time at Port of Galveston
by Tom McGregor    Wed, Apr 22, 2015, 01:53 AM

$ 1AAabbbccbmwgal.jpgBMW Group plans to build a massive distribution center at the Port of Galveston to import its vehicles into the USA. 

The Houston Chronicle reports that, "The BMW Group is building a vehicle distribution center at the Port of Galveston to serve 45 dealerships in Texas, Oklahoma, Louisiana and Arkansas, the company announced Tuesday.  A news release said the facility, owned and operated by WWL Vehicle Services Americas under BMW Group on-site management, will receive its first shipment of cars early next year:"

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Top 10 Daily Business China News Alerts 04/22/2015
by Tom McGregor    Tue, Apr 21, 2015, 08:01 PM

Stay Updated on Real China Business News at Real Time

1.       An app pushes factories in China to cut pollution


When environmentalist Ma Jun set out to tackle pollution from Chinese industries, it seemed a near-impossible task.  Taking polluting factories to court was difficult. Factory owners were powerful, and the incentives were stronger to cut environmental corners than comply with regulations.



2.       Yum CEO says China business mending, sees strong year-end finish


Yum Brands Inc, owner of KFC and Pizza Hut chains, on Tuesday said business in its biggest market China is recovering from a meat scare at one of its minor suppliers and the division would finish the year strong.  Yum's comments on China, its No. 1 market for revenue and profit, sent company shares up 4.5 percent to $84.52 in extended trading. 

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VA Puts Suicide Callers on Hold
by Tom McGregor    Tue, Apr 21, 2015, 03:44 AM

$ 1AAabbbcckiller.jpgThe Veteran Affairs administration had placed a suicide caller on hold three times before he could speak with a human being on the other line.

According to NewsMax, "An Air Force veteran who called the Department of Veterans Affairs' suicide hotline says he was put on hold three times before he was actually able to talk to someone.  "Like too many veterans, I didn't know the hotline number, so I called my local VA, James Haley down in Tampa, Florida, and got to the typical menu that most people would get," Ted Koran told J.D. Hayworth on "America's Forum" on Newsmax TV on Monday."

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Jeb Bush 'Concerned' about Climate Change
by Tom McGregor    Tue, Apr 21, 2015, 03:23 AM

$ 1AAabbbccbashclimate.jpgWhen Jeb Bush is not touting the virtues of his 'Common Core' education plan, he's hobnobbing with 'Limousine Liberals' to express his concerns over Climate Change.

The Daily Caller reports that, "Jeb Bush told a crowd in New Hampshire Friday that the “climate is changing and I am concerned about that.” Jeb added that the U.S. must “[b]e cognizant of the fact that we have this climate change issue and we need to work with the rest of the world to negotiate a way to reduce carbon emissions.”

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