China's economy could be entering a period of profitless growth, according to research Thursday by Societe Gernerale, which said corporate earnings appear depressed even as the ongoing economic slowdown pales in comparison to the abrupt slump in 2008.

Korean Air Lines Co. (003490.SE), the world's second-largest cargo carrier by freight volume, said Thursday it swung to a net loss in the second quarter as foreign-exchange losses resulting from a weak won weighed down the bottom line.

Philippine-based port operator International Container Terminal Services Inc. (ICT.PH), or ICTSI, has appointed Christian Gonzalez acting head for Asia, effective Aug. 15, it said Thursday.

Power Assets Holdings Ltd.'s (0006.HK) first-half net profit rose 6.8% from a year earlier due to higher contributions from its overseas businesses, it said Thursday.

The iffy economy aside, parents are going to be prodigious this year when it comes to back-to-school spending.

Consumers are accessing the Internet at a speed that more closely lines up with what their broadband providers advertised than they did a year ago, the Federal Communications Commission said in a report released Thursday.

Taiwanese flat-screen maker Chimei Innolux Corp. (3481.TW) has said it plans to sell $542.75 million of global depositary receipts as part of the unprofitable display company's fund-raising plan to repay loans and fund its operations.

of ZAWYA DOW JONES DUBAI (Zawya Dow Jones)--The central bank of the United Arab Emirates is looking for an international bank to replace Barclays PLC (BCS) on the 12-lender panel that sets benchmark interbank interest rates in the country, but may face difficulties in finding a suitable candidate,

Philadelphia police have released a video to the public showing the attempted abduction of a 10-year-old girl in hopes of bringing the suspect to justice. MyFoxPhilly.com reports surveillance video shows the girl, who has not been identified, walking down the street with her 2-year-old brother. The

Seven-time All-Star forward Grant Hill signed a contract with the Los Angeles Clippers on Wednesday.Hill, 39, an 18-year NBA veteran, averaged 10.2 points and 3.5 rebounds in 49 games for Phoenix last season