Jackie Chan

Threat of Worsening Inflation Drags Shares Lower in China

Asian shares were mixed Monday. In China the Shanghai Composite Index fell 0.7% and in Hong Kong the Hang Seng Index edged down 0.3% as investors worried that inflation could rise further in the lead-up to Chinese New Year. However, Japan's Nikkei 225 Index climbed 0.7%.

Biz Brief: 'The Karate Kid' Wins Battle of the 80s in the Theaters

In what was dubbed the battle of the 1980s, The Karate Kid beat The A-Team. Sony's (SNE) remake of the 1984 film, opened as the top-grossing movie in U.S. and Canadian theaters this weekend with ticket sales of $56 million. New Corp's (NWSA) Fox Film studio The A-Team, which is based on a 1980s television series, came in a distant second, grossing $26 million.