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Japanese chipmaker Renesas Electronics Corp, hit by slumping orders and competition from rivals like Samsung Electronics Co Ltd, secured a 150 billion yen ($1.8 billion) lifeline from a government-led bailout on Monday. Renesas, the world's biggest
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China's largest maker of auto parts won an auction for A123 Systems Inc , a bankrupt maker of batteries for electric cars that was funded partly with U.S. government money, A123 confirmed in a statement Sunday. Wanxiang Group Corp's bid of $256.6
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Monday, KCC director Kim Hyun-ki told The Jakarta Post on Sunday. Around 40 million South Korean voters will choose a new president on Dec. President Lee Myung-bak, who is barred by term limits from seeking reelection. The South Korean community is
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After Deadly Protests, Somaliland Electoral Commission Reviews Results 8 December 2012 Hargeisa The electoral commission of the breakaway region of Somaliland, announced that it would be recounting the votes from Hargiesa district elections, after
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A123 Systems Inc, a bankrupt maker of batteries for electric cars , was expected to kick off its politically sensitive auction on Thursday pitting a U.S. bidder against at least three foreign rivals for a company that was partly funded with U.S.
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Flights within the northeastern region may be hit from New Year, with Air India threatening to stop its operations to airports like Tezpur, Lilabari and Shillong following non-payment of funds by the North East Council (NEC)...Air India subsidiary
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China's Ministry of Commerce has approved a plan by a Chinese auto parts maker to take over American battery maker A123 Systems Inc, Zhejiang province's Department of Commerce announced on Sunday. It means the Chinese government has given the nod to
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He declined to elaborate on plans for the unprofitable chip-maker, which is 35 percent owned by NEC, saying no decisions have been made. Innovation Network Corp. of Japan, a government-affiliated fund, is reportedly preparing a rescue plan for
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The purchase plan presented last month by Innovation Network Corp. of Japan, involving an investment totaling about ¥200 billion, is expected to be finalized early next month, the sources said. The deal has been struck between the fund and the three
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Men's Basketball Arthur Talley led the 6-0 Cougars with 22 points, seven rebounds and five blocks Tuesday night as FCC defeated Montgomery, 79-76. Markee Mazyck added 21 points with nine boards, and Tim Nelson had 11 points, four assists and four
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