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Renesas ready to spend billions to out-grow NXP-Freescale - CFO

2015-11-18 12:14:57| Semiconductors - Topix.net

Japanese automotive chip maker Renesas Electronics Corp has earmarked billions of dollars for acquisitions to defend an industry lead under threat from merging peers, its financial chief said on Wednesday. The comment marks a shift in focus for the chipmaker after five years of costly restructuring which culminated in its first net profit since its 2010 inception.

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G20 nations spend $452 bn a year supporting fossil fuels: study

2015-11-12 15:47:00| Climate Ark Climate Change & Global Warming Newsfeed

Agence France-Presse: The G20 group of major economies spend $452 billion per year supporting fossil fuel industries, despite their primary role in causing climate change, according to a study released on Thursday. The report, which comes ahead of a crunch UN meeting in Paris to try to forge a global deal to avoid disastrous levels of climate change in December, accused governments of undermining their own climate change policies. "G20 governments are handing out approximately $452 billion a year to prop up the production...

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The Wall Street Journal: Safeway looks to sever ties with Theranos after $350 million spend

2015-11-11 12:15:58| Grocery - Topix.net

Safeway Inc. spent about $350 million to build clinics in more than 800 of its supermarkets to offer blood tests by startup Theranos Inc. But the tests never began, the clinics are now used largely for flu shots and travel-related vaccines, and the two companies have been negotiating to officially dissolve their partnership, according to people familiar with the matter. Current and former Safeway executives said Theranos missed deadlines for the blood-testing rollout.

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Kansas City Southern to spend $6.5M to improve track

2015-11-05 18:05:36| Railroads - Topix.net

Kansas City Southern says it will invest approximately $6.5 million in 2015 on rail and bridge improvement projects on its Vicksburg Subdivision. The News-Star reports these projects will help grow capacity as well as maintain and enhance safety on KCS' cross-border network.

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