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Motorola spins-off mobile phone maker
2008-03-27 08:37:00 Motorola is to spin-off its struggling mobile phone business as it starts the process of separating its Mobile Devices and Broadband & Mobility businesses into two independent, publicly-traded companies. The move has been expected following Motorola's announcement in January that it was reviewing its mobile business structure and after coming under pressure from key shareholder, Carl Icahn. It marks the biggest change at Motorola since it spun off its semiconductor manufacturer into Freescale in 2004. Greg Brown, Motorola’s president and CEO insisted that “priorities have not changed with today’s announcement. We remain committed to improving the performance of our Mobile Devices business." Motorola, which was the long time leader in the electronic mobile phone industry, is now ranked as the world's third largest mobile phone maker behind Nokia and Samsung in terms of market share and shipments. Brown also said he has started the search for a new chief executive offic... More About: Phone , Motorola , Mobile Phone , Maker
Heparin investigation launched by Capitol Hill
2008-03-27 08:36:00 Capitol Hill lawmakers have launched an investigation into the events leading up to the distribution of contaminated batches of the blood-thinning drug heparin. The lots of heparin, whose active pharmaceutical ingredient (API) was made in China, have been linked to multiple deaths and hundreds of serious allergic reactions in the U.S. FDA has identified the contaminant as oversulfated chondroitin sulfate, a chemical that does not occur naturally. A House Energy & Commerce Committee panel plans to hold hearings in April to examine issues surrounding the matter. Congressional investigators have been sent to Scientific Protein Laboratories (SPL) in Waunakee, Wis., to interview company officials. SPL co-owns a production facility in Changzhou, China, and is a supplier of heparin API to Baxter Healthcare and B. Braun Medical, two U.S. companies that make and distribute the finished product. Baxter recalled nearly all of its heparin in February, and B. Braun said it was recalling 23 lo... More About: Investigation , Capitol Hill , Launched , Capitol
US, China identify herapin contaminent
2008-03-20 11:35:00 U.S. health officials have identified a contaminant in batches of the blood thinner heparin associated with 19 deaths and are trying to determine how the chemical got into the drug. The lots of heparin, whose key ingredient was imported from China , were recalled Feb. 28, and Food and Drug Administration officials said Wednesday that no new deaths have been reported since that time...(Read more) For more industry news and updates on the chemical industry, visit http://news.tootoo.com/Industry_News.html
FDA plans China presence
2008-03-20 11:20:00 The State Department has approved FDA’s plan to establish eight full-time permanent staff positions at U.S. diplomatic posts in China . The move must also receive authorization from the Chinese government. The regulatory outposts are an outgrowth of a number of high-profile recalls in the past year involving products made in China, including toothpaste, pet food, and the blood thinner heparin...(Read more) For more industry news and updates on the food industry, visit http://news.tootoo.com/Industry_News.html More About: Plans , Presence
China cuts 2008 coal export quotas
2008-03-19 11:07:00 China, the world's largest coal producer, has approved exports of 31.8 million metric tons, amid efforts to ensure domestic supplies. The quota is for the first batch of authorized shipments for this year. The National Development and Reform Commission, the country's top economic planner, said in a statement that China issued its first batch of 2008 coal export quotas, but cut it by almost a quarter from the first batch last year. It was a larger cut than had been expected, at 24 percent...(Read more) More About: China , Coal , Export , Cuts
Canada in cheese war with WTO
2008-03-19 11:04:00 A World Trade Organisation challenge to new Canadian cheese production rules is looking likely after the EU, the US and New Zealand expressed their opposition to the regulations at a WTO meeting. Speaking yesterday (18 March) in Geneva, New Zealand diplomats claimed Canada 's new "compositional standards" for cheese - which enter into force on 13 December - defy global Codex Alimentarius guidelines. Under WTO agreements, the Codex guidelines can be cited in any WTO dispute over food standards...(Read more) More About: Cheese
BMW to raise auto parts sourcing from China
2008-03-19 10:58:00 BMW AG, the world's largest luxury car maker, will increase sourcing from China this year to buy RMB 4.4 billion (US$619 million) worth of spare parts from 150 domestic suppliers, compared with RMB 3.6 billion in 2007, according to Alfred Rupp, president and CEO of BMW Brilliance Auto motive Ltd. "The local sourcing is crucial for BMW in China, as we have to remain competitive price to attract buyers in the world's second-largest auto market despite the higher costs." said Rupp. The joint venture has been optimizing its operations for better production efficiency to offset surging costs of raw materials...(Read more) More About: Parts , Sourcing , Auto parts
Climate change will hit import-exports
2008-03-19 10:49:00 Movement of people, products, and materials will be greatly affected by climate change in the near future, but transportation professionals have not adapted their planning to reflect that impact, according to a new study by the National Research Council. The study predicts that a rise in sea level, higher temperatures, greater hurricane intensity, heavier rains, and more frequent flooding are likely to come about due to climate change...(Read more) More About: Climate Change , Climate , Change , Exports , Import
China’s big wooden problem
2008-03-19 10:47:00 Throughout the tropics, illegal logging and unregulated land clearance are decimating tropical forests. Weak governance and law enforcement in many countries contribute to a climate susceptible to illegal logging...(Read more) More About: China , Problem , Wooden
Nike reports problems at China supplies
2008-03-19 10:42:00 Nike Inc, the world's biggest sneaker and sportswear maker, said it found falsified documents, underage workers and unpaid wages at suppliers in China , despite what experts say is one of the top social compliance regimes in the industry. The company's shares were down nearly 2 percent in afternoon trading on the New York Stock Exchange...(Read more) More About: Nike , Problems , Supplies
Germany against EU plan to increase milk quotas
2008-03-19 10:38:00 Germany on Monday opposed a plan, being considered by EU farm ministers, to increase milk quotas by two percent this year, with France also voicing concerns owing to volatility in the sector. "I will refuse" to back the measure, German Agriculture Minister Horst Seehofer, whose country is the main producer in Europe, told reporters as he arrived for the meeting with his EU counterparts in Brussels...(Read more) More About: Germany , Milk , Plan
Consumers to challenge junk-food makers
2008-03-18 10:24:00 Consumer groups around the world have urged food and drink manufacturers to further curb their marketing of junk food in a fresh bid to combat child obesity. Consumers International, an NGO that represents consumer bodies in 115 countries, and the International Obesity TaskForce (IOTF) have drawn up a code for marketing products high in fats, sugar and salt (HFSS). The proposed code, which was launched to coincide with World Consumer Rights Day on Saturday (15 March), would require "complete restrictions" on the promotion of junk food to children on the Internet...(Read more) More About: Food , Challenge , Makers , Junk
Tougher ozone rules for chemical industry
2008-03-17 10:07:00 Latest industry news updates in the chemical sector, 17 March 2008. US, China probe heparin blood thinner China and the United States are working together to investigate the blood-thinner heparin, which has been linked to 19 American deaths, China's food and drug administration said Sunday. The U.S. Food and Drug Administration has been widening its investigation into the hundreds of adverse reactions — including difficulty breathing, nausea and falling blood pressure — linked to U.S. health care company Baxter International's heparin injections...(Read more) Tougher ozone rules for chemical industry New ozone standard may help reduce smog that plagues cities like Los Angeles."America's air is cleaner today than it was a generation ago," EPA Administrator Stephen L. Johnson noted when announcing the new standard on March 12. "By meeting the requirement of the Clean Air Act and strengthening the national standard for ozone, EPA is keeping our clean air progress moving fo... More About: Industry , Ozone , Rules , Chemical
How to Insure a New Business
2008-03-17 09:39:00 Your new business may encounter problems as it begins to promote goods and services in the community. A flood or fire in your production facilities could damage your inventory or one of your employees might fail to place a warning on an electronic product. You can insure your new business against liability and loss of property with the right insurance policy. Become conversant in current business insurance issues by reading the right literature. Visit TSBIC.com for answers to frequently asked questions about small business insurance (see Resources below). Some business magazines also feature resources for grading the best and worst insurance companies on the market today. Review the health, dental and auto insurance offerings of a potential business insurance provider. Most forms of business insurance do not provide for employee benefits. If you can find a deal on a wide range of insurance policies from one carrier, you can simplify the claims process. Search for specialized insuran... More About: Business
China confirms bird flu outbreak
2008-03-17 09:02:00 China confirms bird flu outbreak Chinese officials have confirmed that bird flu was to blame for killing chickens in poultry markets in the southern Chinese city of Guangzhou, Hong Kong's health bureau Sunday. China's Ministry of Agriculture notified the administration that the birds tested positive for the H5N1 bird flu virus, marking the country's fifth outbreak among poultry this year, Hong Kong's Food and Health Bureau said in a statement...(Read more) More About: China , Bird Flu , Bird
EU ends anti-dumping probe of Chinese PVA
2008-03-14 11:53:00 The latest industry headlines on Tuesday, March 14, 2008. Oil price breaks new record Oil rose to a record high for the fifth day in a row on Wednesday, boosted by investor flows into oil and other commodities partly to hedge against inflation and the weak dollar...(Read more) China to invest in Bangladesh EPZs China has shown its keen interest to invest more in the country EPZs and textile sector. It was disclosed when a 24-member delegation of China Chamber of Commerce for Import and Export Textile (CCCT), led by Cao Xin Yu, visited Bangladesh...(Read more) Tsingtao Beer toasts Beijing Olympics As a sponsor of the 2008 Beijing Olympics, Tsingtao Beer is preparing to raise its glass in a toast to the entire world...(Read more) EU ends anti-dumping probe of Chinese PVA DThe European Union (EU) announced Monday it will terminate its anti-dumping investigation of Polyvinyl Alcohol (PVA) imports from the Chinese mainland and Taiwan... (Read more) Asia wine mar... More About: Anti , Ends , Probe
China FDI soars 75% to $18b
2008-03-13 09:00:00 The latest industry headlines on Tuesday, March 13, 2008. China FDI soars 75% to $18b China attracted US$18.13 billion (HK$141.4 billion) in foreign direct investment in the first two months of the year, up 75 percent over the same period last year, the Ministry of Commerce said yesterday...(Read more) LNG fuel purchases to double Guangdong Dapeng LNG Co, China's only LNG facility, may double purchases of individual liquefied natural gas this year, a company official said...(Read more) Soybean imports being encouraged by China China has a tremendous demand for soybeans and that has pushed futures prices steadily higher in recent weeks. Although the Chicago Board of Trade has lead Chinese vegetable oil prices higher in the past, since the first of the year cash prices seem to be the major factor in rising futures...(Read more) Japan's China vegetable imports fall 40% Japan's imports of vegetables from China fell 40 percent during the first three weeks of Febr...
Crude oil price rises “not over”
2008-03-12 09:00:00 The latest industry headlines on Tuesday, March 11, 2008. Crude oil price rise "not over" Fueled by a continuing weak dollar, crude oil futures surged above US$108 a barrel yesterday — a new inflation-adjusted record and their fifth new high in the last six sessions...(Read more) China: MOH to oversee food, drug safety The Ministry of Health (MOH) will oversee food and drug safety by taking over the State Food and Drug Administration (SFDA), a government institutional restructuring draft bill presented to the NPC stated on Tuesday... (Read more) Bangladesh-China trade deficit up $2.56b Trade gap between Bangladesh and China is widening alarmingly and it crossed more than two and a half billion dollars in the last financial year, according to the statistics available...(Read more) Japan's China vegetable imports fall 40% Japan's imports of vegetables from China fell 40 percent during the first three weeks of February from last year, the Asahi newspaper said, citing the Agr... More About: Price , Crude Oil
Sinopec leads 7-month low in China stocks
2008-03-11 09:00:00 The latest industry headlines on Tuesday, March 11, 2008. Sinopec leads 7-month low in China stocks China’s stocks fell to the lowest in seven months after the U.S. unexpectedly lost jobs in February, raising concern...(Read more) U.S. consumers favor Chinese products U.S. consumers believe Chinese products have the second best value in the world, only after the American goods, a recently released survey shows... (Read more) China: Food poisoning deaths up in 2007 Food poisoning deaths in China rose by about one-third in 2007, the state-run news agency reported Sunday amid ongoing scrutiny over the safety of the country's food production chain...(Read more) China to "ban" non-green foreign investment China has been reforming its policies in an effort to discourage overseas investment in energy-intensive, polluting and resource-based ventures — the so-called smokestack industries...(Read more) Number of China cellphone users rises to 555m In January 2008, mobile phone ... More About: Stocks , Leads , Month
How to Create Business Cards
2008-03-10 07:08:00 Make sure your business card represents your business and creates a lasting impression about you and your services. You want them to prompt action - a call and sale! Before you get started.Remember, this is the smallest brochure or resume that you can leave potential clients/customers with. Your business card has to set you apart from everyone else in your industry, must be memorable, and most of all must have pertinent contact information. Evaluate business cards of other businesses both in your industry and those who are nothing like you. Looking at other business cards, you can determine what mistakes others have made. Believe it or not, I have seen business cards that did NOT have any phone numbers, email addresses or no form of contact... What is the purpose? Take notes on the things you like and don't like about the cards you are comparing. Keep in mind colors, logos, font, and even the type of paper that it is printed on. As the card gets more elaborate the p... More About: Business , Cards , Create
How to Make a Good Budget
2008-03-10 07:02:00 How to make a good budget? here are the top most important features of a successful budget. Categories that fit your personal situation and your spending habits, not somebody else's. Accurate income projections. Enough categories to give you a meaningful picture of where your money goes and where you might be able to cut costs, but not so much detail that tracking is a chore that you'll soon tire of. Inclusion of expenses that don't occur on a monthly basis, such as auto maintenance, homeowners insurance, personal property taxes, service contracts, etc. Regular review of categories to determine if you need more or fewer, review of expenses, and brainstorming about ways to trim costs in each category. Cash expenditure tracking and recording. Cash spending is the biggest leak in most budgets. Cash disappears quickly and if you don't write down everything you spend it on, you'll have a distorted look at your spending. A line item for savings so you treat a contributio... More About: Budget , Make , Good
Study finds China losing competitive edge
2008-03-07 07:13:00 The latest industry headlines on Friday, March 7, 2008. Study finds China losing competetive edge The first China Manufacturing Competitive ness survey, conducted by Booz Allen Hamilton and the American Chamber of Commerce (AmCham) Shanghai, has suggested the nation’s manufacturing attractiveness may be diminishing.... (Read more) Asia puts hope in methane power Large amounts of methane gas stores are reportedly buried inside Asia’s coal beds. Some analysts think it could be the next big investment... (Read more) Food processors take women to heart Heart disease kills several million women each year, but food processors are targeting it in a campaign to enhance women’s heart health... (Read more) '08 Growth of China's steel output to slow Growth in China's steel output will slow sharply in 2008, despite the country remaining a top producer and net seller of the strategic products, China Iron and Steel Association (CISA) officials said here on Wednesday... (Read ... More About: Edge
Tips for selling your products in good and bad times
2008-03-07 02:55:00 Most sales people have lost sight of what it takes to really make the sales. It is more than just writing up the orders and taking the money from your customers. Take the time to learn effective sales techniques and it will help you in every aspect of your personal and professional life. These techniques were lost in the 90's when there was a more robust economy. It is now time to get back into the way a sales person should really be selling to their customers. The seven tips and techniques in this Marketing Tidbits will take you back to the time when these standards were established. They are still effective today. 1. Help the Customer—Always start out in the right frame of mind -- to help the customer. When you remember your mission is to help your customers, the enthusiasm that you create will more than motivate you into taking the extra steps that you need in order to get the customer to make the important “buy” decision. When the salesperson has the vision of excellence ... More About: Products , Selling , Tips , Times , Good
How to Sell More Products Online
2008-03-07 02:43:00 Whatever your product or service is, it's up to you to bring people to it. Online , you don't have a stellar location with a great window display. You have to create excitement and interest, and you want to do it without breaking the bank. Try these steps week-by-week in order to really boost your online sales. Exchange Links: Start placing links on your website to others that you honestly respect and would be of interest to your audience. Then, contact the webmasters of those sites and ask them to consider linking back to you. It's free advertising. Be Active Online: Get involved with forums and discussion groups. When people get to know you, they learn to trust you and this can mean a boost in sales and a lot of word-of-mouth advertising. Hold a Contest: The big boys love this little trick. When people can win something, they become interested in your business - fast. The contest should be specific to your business' area of expertise and have a prize that would interest ... More About: Products , Sell
Introducing Tootoo’s Industry News Service
2008-03-06 08:52:00 Welcome to Tootoo.com's Industry News Service , providing all the latest international trade, industry and import/export news headlines from around the world. With a particular focus on China trade news, there will also be daily updates on the latest developments in the world of Agriculture, Apparel & Fashion, Building Materials, Chemicals, Electronics & Electrical, Food & Beverage, Industry Supplies, Minerals & Metals, and Textiles.The blog will be updated daily at 09:00 GMT. Keep in touch with the world of international trade; keep tuned into this blog! More About: Industry News
How to Open a Small Retail Business
2008-02-29 06:21:00 Many people have dreams of opening a small business of their own. The idea of running their own business, working their own hours and selling things that they are passionate about sounds like the perfect plan. Learn how to successfully open a small retail business of your own with these following steps. Take classes offered at a local university or through the Small Business Association to learn more about running and operating a small business. The more you know and learn before starting your business the better prepared you will be to face the challenges. Plan your business down to the small details. Think about everything from financing to location and products you will sell. Write a business plan for your bank to review. If you are taking out a loan for a business, you will need a well-written business plan. Choose a location and name for your business. You may have to check zoning laws on what kind of businesses can be located in the area you have chosen. Obtain the appropriate... More About: Open , Retail
Tips for Promoting a Direct Sales Business in a Small Town
2008-02-29 06:16:00 Living in a small town presents a number of problems for any business since you just don't have that many people to market to. But for a direct sales business, you'll have to work twice as hard; not to get your name out there but to sell some products. Tell everyone you've started your direct sales business. Word spreads quickly in a small town so it shouldn't take people long to realize you're in business. But keep talking anyway. Reminding people you're there and in business will boost sales. Make flyers and post them around town. Hang them everywhere the owners will let you but always hit the highlights: the grocery store, the gas stations, the post office and maybe the local bar. Start a direct mail campaign. Create a brochure and a letter and mail both to everyone in town. If you can't afford to get everyone in town, start with a smaller mailing. Send your packet to those people you know might be interested in your product. Give an introductory offer for your product. Gi... More About: Business , Promoting , Tips , Sales , Direct
10 Secrets to do business with China successfully
2008-02-28 07:07:00 1. Know the market. There are tremendous business opportunities in China , but don't assume that Chinese buyers aren't looking at other options. Your product or service may need to be altered to fit local needs or interests. Senior executives in Asia are quite accessible, and time spent meeting people before entering the market is essential. Government and quasi-government organizations have considerable influence in Asia and can assist you. Additionally, there are consulting and free services available to make introductions. 2. Use Hong Kong as your base to enter China. The most notable advantages of using Hong Kong as a starting point into China are: the availability of a reliable legal and financial infrastructure; a 15 percent flat tax rate; the ease of establishing a business entity; and experienced local tri-lingual (English, Mandarin, Cantonese) executives and consultants that can be hired. 3. Learn about Chinese culture. American and Chinese negotiation styles are dra... More About: Business , Secrets
How to Start a Business With no Money
2008-02-28 02:45:00 Starting your own business is a dream that many people have. However, few follow through on their impulses to start a business because they think that they don't have enough money to start a new venture. With the advent and development of Internet commerce, starting a business can now be done with little or no money. Read on to find out how. Evaluate what skills, equipment and assets you have already that you can use to start a business. For example, if you have a computer, Internet access and writing skills then you can start up a freelance business with little or no money. Determine what type of business you want to start. Take into consideration your interests, your current skills, how much time you want to spend on your new business and what types of businesses you can start with no money. Research your business options. If you are interested in online businesses then you may want to look at freelance art businesses, freelance writing businesses and freelance data entry ... More About: Business , Money , Start
How to Sell a Failing Business
More articles from this author:2008-02-28 02:38:00 Businesses flourish, and businesses flounder. Companies go through good times and bad. When the bad times are bad enough, they can force the owner to put the business on the block. Here are some special considerations to ensure you and the buyer both get a fair deal. Accept that you won't get top dollar for a business gone bust. The best you may be able to expect is a "fire sale" price. Recognize that the market for a struggling business is small. You may be limited to buyers with experience in turnarounds. Bring in a consultant or business appraiser to determine a fair market value. Emotional involvement may restrict your ability to come up with a reasonable price tag. Produce comparable valuations of similar properties in your area. Consider using a broker to sell the business. An experienced broker can put you in contact with far more buyers than you'd find on your own. Disclose your business's problems, since a well-prepared buyer will uncover them, anyway. But if t... More About: Business , Sell 1, 2, 3, 4 |
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