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VW plans to spend 86 billion euros chasing Toyota for global car sales lead

2014-11-21 14:12:32| Auto Dealers - Topix.net

Volkswagen Group will keep pouring money into new vehicles, technology and factories as it chases Toyota Motor Corp. for the lead as world's largest automaker. The automaker plans to invest 85.6 billion euros over the next five years, Europe's biggest manufacturer of cars, vans and trucks said today in a statement .

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When a $1 billion divorce award isn't enough

2014-11-21 09:58:27| Electronics - Topix.net

Many women and men are left with very little after a divorce, so I can understand the outrage some might have when they read that the ex-wife of an energy tycoon plans to appeal a court ruling that awarded her nearly $1 billion in a divorce settlement. An Oklahoma County judge awarded $995.4 million in cash and assets to Sue Ann Hamm, who was married for 26 years to Continental Resources chief executive Harold Hamm before she filed for divorce in 2012.

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Valeant Pharma says may buy back up to $2 billion worth of securities

2014-11-21 03:33:09| Biotech - Topix.net

The company said it could buy back senior notes, shares or other securities under the new program, which will begin on Nov. 21, the same day its old program ends. The announcement comes a few days after acquisition-hungry Valeant's $54 billion offer to buy Botox maker Allergan Inc "Valeant's board of directors believes that the proposed purchases are in the best interests of the company and are a desirable use of corporate funds," the company said in a statement on Thursday.

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U.N. Green Fund gets $9.3 billion in pledges at Berlin conference

2014-11-20 19:03:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Donor nations pledged up to $9.3 billion on Thursday to a U.N. fund to help developing countries tackle climate change, but environmental campaigners said the funds fell short of what they want. The U.N. Green Climate Fund (GCF) is a major part of a plan agreed in 2009 whereby rich countries agreed to give $100 billion a year from both public and private sources from 2020 to help developing nations reduce carbon emissions and adapt to a changing global climate. The United Nations has set an...

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UN climate fund falls short of $10 billion target

2014-11-20 16:39:00| Climate Ark Climate Change & Global Warming Newsfeed

Associated Press: A U.N. fund that will help poor countries tackle climate change has fallen short, for now, of its target of collecting $10 billion, officials said Thursday. About 30 countries meeting in Berlin pledged a total of $9.3 billion toward the Green Climate Fund, according to Germany's development ministry, which co-hosted the conference. Last week, the U.S. pledged $3 billion, the biggest amount so far. Britain announced Thursday it would give 720 million pounds ($1.13 billion). Japan, Germany and...

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