Amid a backlash against foreign investors, some executives are banned from leaving the country
The Camry, last overhauled for the 2011 model year, just got another face-lift
Laws require companies to pay state taxes on sheltered profits
Financial filings reveal the pay package Henrique de Castro received upon exit from the company.
Wal-Mart's new money transfers shows how the retailer can use its reach to push down costs
Skipping Rocks Lab develops a green alternative to all that plastic
Alessandro Borgognone wooed Japanese chef Daisuke Nakazawa to open the four-star New York eatery
He's trying to "improve his résumé," says his lawyer
Prices are low, but there’s plenty of red tape
The toll from China’s tainted-milk scandal continues to grow. Since the news first broke that Chinese dairy producers have been adding the industrial chemical melamine to milk, companies throughout Asia have yanked products from store shelves, and governments in Asia and Africa have banned Chinese imports. In China, more than 50,000 children—most of them babies—have fallen ill and more than 13,000 have been hospitalized. Several Chinese children have died so far.
Until recently, China was a potentially lucrative market for the country’s milk producers. Chinese milk consumption has long been much lower than in other countries, and with ordinary Chinese consumers growing wealthier and more health-conscious, companies had great hopes that demand would soar. Now, though, the industry is in the midst of its worst crisis ever. For more on China’s troubled milk business, read on.