BUSINESS
May 17, 2012 | By Paul Nussbaum, INQUIRER STAFF WRITER
Philadelphia will be the US Airways hub for nonstop flights to Asia if the airline launches service to China, Japan or Turkey, airline officials said. Currently, the only nonstop flight to Asia from Philadelphia International Airport is a US Airways flight to Tel Aviv, Israel. Philadelphia is the largest metro area in the country without nonstop service to other cities in Asia. Service to Beijing, Istanbul or Narita, Japan, will await the delivery of new long-distance planes in the next several years and would also depend on fuel costs and government approvals, officials said.
NEWS
April 1, 2012 | Jaswant Singh ?is the author of "Jinnah: India - Partition - Independence"
Isolated and impoverished by decades of international sanctions, Myanmar (Burma) has emerged in recent months as both a beacon of hope and a potential new Asian flashpoint. With Nobel laureate Aung San Suu Kyi freed from two decades of house arrest to campaign vigorously for a seat in parliament in the special election to be held Sunday, Burma's commitment to rejoining the international community appears to be genuine. But this opening has other consequences, most importantly setting the stage for a new "great game" of strategic competition.
BUSINESS
February 17, 2012 | By Christina Rexrode, Associated Press
NEW YORK - Investors sent U.S. stocks barreling to their highest levels of the year Thursday, buoyed by slivers of encouraging news about jobs and housing. General Motors Co. was among the best-performing stocks of the day. Two years after it was almost wiped out, the 103-year-old company turned a record $7.6 billion profit last year - the largest profit in its history. The Dow Jones industrial average rose 123.13 points to close at 12,904.08, its third triple-digit gain this year.
NEWS
November 14, 2011 | By Elaine Kurtenbach, Associated Press
KAPOLEI, Hawaii - Asia-Pacific leaders held their annual summit Sunday, having claimed progress on a U.S.-backed free-trade bloc that received praise from U.S. businesses and labor, but drew a less-enthusiastic response from China and Russia. The balmy weather for the gathering at a resort on the west side of the island of Oahu contrasted with pessimism over the economic outlook expressed by many attending the summit. With Europe again on the brink of recession, Asia's vital role as a driver of global growth is gaining even greater urgency.
NEWS
November 13, 2011 | By Ben Feller, Associated Press
WASHINGTON - Determined to strengthen relations with Asia, President Obama is devoting nine days to a diplomatic mission in the region while Congress struggles toward a crucial budget deadline and a doubtful outcome. Obama departed Friday for summits in Hawaii and Indonesia and a visit to Australia in between. His challenge: Explain to voters how the U.S. role in the Asia-Pacific region is essential to American jobs and security, and then emerge with results to show for his travels.
NEWS
June 29, 2011
Destination Maternity Corp., the designer and retailer of maternity clothing, said Wednesday it will expand into South Korea through a franchise agreement with Agabang & Co. The deal enables the Philadelphia company to introduce its Motherhood Maternity, A Pea in the Pod and Destination Maternity brands into the Asian nation with the first franchise location expected to open later this year. Destination Maternity reached similar franchise agreements in 2008 and 2009 to expand into the Middle East and India.
NEWS
May 19, 2011 | By Mark Fazlollah and Jennifer Lin, Inquirer Staff Writers
Asia Coney - a longtime ally of ousted Philadelphia Housing Authority chief Carl R. Greene - misappropriated thousands of dollars from a nonprofit tenant group she leads, according to allegations contained in a federal whistle-blower lawsuit. Vincent Morris, who served as PHA's liaison to Tenant Support Services Inc. until April 2010, charged in a filing on Tuesday that he repeatedly told Greene and other senior PHA officials about the problems he was finding at the nonprofit, but that Coney stayed on the job. Since October, Coney has received a $6,000 raise - to $108,000 - while still living in PHA housing and driving a PHA-supplied SUV. In July 2009, Morris charged that Coney and an assistant each took extra payments of $9,998 from the tenant group's payroll fund.
BUSINESS
May 12, 2011 | By Joseph N. DiStefano, Inquirer Staff Writer
DuPont Co. is weighing whether to increase production of a basic industrial product in the United States or in Asia. The Wilmington-based DuPont plans to boost production of titanium dioxide - a basic chemical that whitens paints, plastics, and paper - by 350,000 metric tons, adding nearly 10 percent to the world's capacity. The increase is to meet demand from Asia and Latin America over the next three years. The company will invest a half-billion dollars at its existing industrial complex in Altamira, on Mexico's Gulf Coast, plus millions more to boost production at other U.S. or Asian plants.
NEWS
October 10, 2010 | By Mark Fazlollah, Jennifer Lin, Jeff Shields, and Nathan Gorenstein, Inquirer Staff Writers
A public housing tenant leader who runs a government-funded nonprofit under federal investigation also operates a political action committee that has failed to account for more than $100,000 since 2006. Asia Coney, a longtime Philadelphia Housing Authority resident and activist, oversees the Equity PAC from a PHA building at 1401 W. York St. in North Philadelphia. Since 2005, Equity PAC has received contributions from prominent politicians, including $37,000 from State Rep. Dwight Evans (D., Phila.