Hanwha Q CELLS Module Production in South Korea. Photo: www.hanwha-qcells.comA Korean firm will put a $150 million solar module factory in northwest Georgia by next year, creating 500 jobs in a segment of the state that still hasn’t fully recovered from a housing crisis a decade ago. Hanhwa Q CELL becomes the first Korean investor in Dalton, Ga., whose strong flooring sector is was hit hard during the downturn. Construction is set to begin this year, with production beginning in 2019, according to a news release from Gov. Nathan Deal‘s office. The firm joins a cohort of about 80 facilities operated by Korean firms, one of the state’s largest source nations for foreign investment since Kia Motors opened a massive auto plant here in 2006, followed in due course by many parts suppliers. Hanwha is the latest foreign solar manufacturer to announce a U.S. plant in the wake tariffs President Donald Trump imposed in January on solar cells and modules. … [Read more...] about Korean Solar Manufacturer to Create 500 Jobs in Georgia’s Carpet Country
During 2017, U.S. auto sales declined year over year for the first time since the Great Recession. That didn't slow down top U.S. automaker General Motors (NYSE: GM), though. Earlier this week, the General reported record adjusted earnings per share (EPS) for the full year. GM delivered these strong results despite its growing investments in autonomous and electric vehicles and a major effort to reduce dealer inventory in the U.S. Nevertheless, General Motors stock trades for less than seven times earnings. This represents a huge opportunity for long-term investors to bet on a company with a burgeoning track record of outperformance. Solid 2017 results The biggest highlight of 2017 for General Motors was its decision to exit numerous unprofitable markets, including most of Europe and Africa. This immediately helped to improve the company's international profitability. Meanwhile, GM posted steady results in its two main markets: North America and China. In North America, GM's … [Read more...] about Investors Are Still Underestimating General Motors
By Cindy George Published 8:28 pm, Wednesday, February 7, 2018 About 100 members of Houston's Korean community – many of whom endured the horrors of war in the 1950s – staged a demonstration on Wednesday as the Winter Olympics are poised to begin in their home country. Group members waved the South Korean flag, which will be sidelined in favor of a Korean Unity pendant at this week's opening ceremony, and burned North Korean leader Kim Jong-Un in effigy after singing the South Korean anthem. Instead of simply stirring national pride, the international games are reminding local Koreans of the continuing military threat from the north. Most Popular 1 Gang member claims to be male stripper, has $55K, Rolexes... 2 Houston store clerk opens fire on two robbers 3 Watch: A massive amount of grackles overtake a Houston... Houston and Texas Player Now Playing: Now Playing Two new flu-related deaths reported in Houston area Fox 26 … [Read more...] about Houston’s Korean community protests Olympic show of unity
SEOUL — North Korean factory workers and restaurant staff have been returning from China in droves since the United Nations ordered member states to send laborers home last year. North Korean “ghost ships” containing dead, or almost-dead, fishermen have been washing up on the shores of Japan after the country’s seafood industry was sanctioned, too. And even Kim Jong Un has admitted that the American-led “maximum pressure” campaign is hurting his country’s economy. The “life-threatening sanctions and blockade” were causing “difficult living conditions,” the North Korean leader said in a New Year’s address that repeatedly emphasized self-sufficiency. But the campaign to squeeze Kim and his cronies into denuclearization talks could already be having a tangible — and, from the perspective of Washington, undesirable — effect. “The sanctions will set back what has been basically a positive process … [Read more...] about North Koreans have tasted freedom through the markets. Sanctions could put that at risk.
Global stock markets mostly fell on Wednesday as investors digested big losses at major U.S. banks, while bitcoin also dropped amid fears of greater regulation. KEEPING SCORE: Britain's FTSE 100 slipped 0.2 percent to 7,740 and the CAC 40 of France was down almost 0.1 percent to 5,511. Germany's DAX lost 0.2 percent to 13,225. Wall Street looked set to regain momentum after losses the previous day. Dow futures were up 0.5 percent while S&P 500 futures were 0.4 percent higher. BANKS: Goldman Sachs says it lost $1.93 billion in the fourth quarter, as the bank had to record more than $4 billion in charges related to the new U.S. tax law. Still, the figure was better than some analysts had feared. Bank of America said its fourth-quarter profits fell by nearly half from a year ago, as the bank had to book $2.9 billion in charges related to the tax law. BITCOIN: The price of bitcoin extended its slump, triggered by comments by a South Korean financial policymaker who said that banning … [Read more...] about Global stocks slip as investors digest US bank earnings