In economic terms, Los Angeles passed New York as the country's manufacturing and trading capital a decade ago.
It may not be as glamorous as books and videos, but it fits better with Asia's strengths in manufacturing and trading.
It's a reference to the pre-World War II forerunners of a corporate form whose modern iterations are better known as keiretsu, those vertically integrated manufacturing and trading cartels that gave Japan Inc. its fearsome reputation in the 1980s.
CNN: ASIANOW - TIME Asia | Asian Newsmaker 1999: Masayoshi Son--Page 1
It will spread to finance and manufacturing as well as distribution and trading services businesses.
CNN: ASIANOW - Asiaweek | Intelligence | Business: Pick up the Pieces
Kashgar, they say, is to become a trading hub and manufacturing centre that will tap markets in South and Central Asia and even Europe with a web of new roads and railways.
Wall Street finished mixed on Monday after record oil and a weak manufacturing report had stocks trading lower.
De Beers is a family of companies that dominate the diamond, diamond mining, diamond trading and industrial diamond manufacturing sectors.
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Among the largest underlying components of IXN, in trading today International Business Machines ( IBM) is trading flat, and Taiwan Semiconductor Manufacturing ( TSM) is lower by about 2%.
Intevac shares are trading sharply higher after the disk-drive and solar manufacturing equipment supplier issued robust guidance for the second quarter.
On Monday, Empire State Manufacturing added to the bear case outside of the trading floors in the city and down on the dirty and sweaty front lines.
"I've made it very clear that there are real potential benefits of membership of the euro, particularly for manufacturing industry in terms of things like currency stability, transparency of costs and simplification of the trading regime, " she said.
Dangote started building his fortune over three decades ago by trading in commodities like cement, flour and sugar but became a billionaire by manufacturing these items.
In fact, Apple is trading at a valuation that is more in-line with capital intensive industrial and manufacturing businesses.
"The manufacturing sector continues to underperform the rest of the economy, reflecting its exposure to difficult overseas trading conditions and the weak euro, " said Ruth Lea, head of the IoD's policy unit.
Xyratex and Intevac shares are both trading sharply higher, in anticipation that the producers of hard-disk drive manufacturing equipment could be a beneficiary from the troubles now plaguing the drive business due to the recent devastating floods in Thailand.
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