JAPAN

US stocks decline after Japan quake

Traders work on the floor of the New York Stock Exchange
U.S. stocks declined on Thursday after reports of another earthquake hitting Japan in less than a month, but markets were off their lows after a tsunami warning was lifted.
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Elpida develops new DRAM for smartphones

Elpida Memory Inc said on Thursday it has developed a 4-gigabit DRAM chip for smart phones, joining bigger rival Samsung Electronics as the only producers of the large capacity power-saving memory chip.
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Delta Air Lines Shares Hit New Low

Shares of Delta Air Lines Inc. (NYSE: DAL) touched a new 52-week low of $9.31 on Wednesday. The company said its load factor for the month of March declined 4.5 percentage points to 79.7 percent from 84.2 percent last year.
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Stock futures signal flat open; data eyed

Stock index futures pointed to a flat open on Wall Street on Thursday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 trading little changed.
 YouTube

As Google aims to compete with TV, will YouTube lose its charm?

With Google gearing up to infuse massive amount of money to turn YouTube into a competition for TV, the popular video sharing website, which has grown into its role in the world of internet as a social platform for the users, stands a risk of losing its charm.
Bernanke testifies on Capitol Hill in Washington

Federal Reserve Must Implement QE3, Says NIA (FULL TEXT)

Gold is the world's most stable asset and the best gauge of inflation. The National Inflation Association (NIA) says this brand new breakout in the price of gold leads us to believe that the Federal Reserve is getting ready to unleash QE3 at the end of June.
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Samsung Elec estimated Q1 profit below forecasts

Samsung Electronics estimated its January-March operating profit at 2.9 trillion won ($2.7 billion), lower than the consensus forecast, in its first earnings update since the devastating earthquake and tsunami in Japan last month.
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FAO food index to hover near record high in March

Global food prices measured by the U.N.'s food agency may have come off record highs in March after falls in grain prices, but supply concerns and soaring oil prices mean such a move could just be a pause before new peaks.

NGP Release Going As Planned, Says Sony

The statement counters a previous statement made by Sony America president Jack Tretton, who yesterday said that Sony may be forced to stagger the release of their next portable to keep with demand.
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Chrysler cuts plants' overtime for parts shortages

Chrysler Group LLC became the latest automaker affected by the Japan earthquake and its aftermath, as it said it would cancel overtime work at some of its North American assembly plants due to parts shortages.
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Rio Tinto closes in on Riversdale, hits target

Rio Tinto is close to securing a majority of Riversdale Mining , after receiving acceptances ahead of its target level, just before a key deadline on its A$3.9 billion ($4 billion) bid.

Column: Japan, supply chains and Adam Smith

Should the spreading economic aftermath of the earthquake in Japan cause us to unravel global supply chains that seem suddenly all too vulnerable to shortages and shutdowns? Adam Smith would say No. The philosophical founding father of globalization would urge us, not to undo our worldwide lines of supply for component parts and raw materials, but to improve them.

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