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Japan's Renesas secures $1.8 billion government-led bailout (Reuters)
Tōkyō :: Japan | 5 months ago
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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 wins bid for battery company that got fed funding
Milwaukee :: WI :: USA | 5 months ago
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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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S. Koreans in RI vote for new president
Jakarta :: Indonesia | 5 months ago
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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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Somalia: Commission Reviews Poll Results Following Deadly Protests
Mogadishu :: Somalia | 5 months ago
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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 Auction to Kick Off With at Least Four Bids
Milwaukee :: WI :: USA | 5 months ago
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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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Air India threatens to stop flights to NE airports
New Delhi :: India | 5 months ago
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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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Firm approved to bid for US battery maker
Hangzhou :: China | 6 months ago
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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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NEC unlikely to take on Renesas workers
Hitachi :: Japan | 6 months ago
Credibility
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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Investors, fund OK Renesas buyout
Hitachi :: Japan | 6 months ago
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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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FCC men reach 6-0
Frederick :: MD :: USA | 6 months ago
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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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