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Chinas Haier buys GEs appliance business in $5.4 billion deal
2016-01-18 19:02:29| Canadian Plastics Headlines
Consumer product maker General Electric (GE) has agreed to sell its appliance business to China’s Haier Group for US$5.4 billion. According to GE, its Appliance Park manufacturing operation in Louisville, Ky., is the largest injection molding facility in the state… The post China’s Haier buys GE’s appliance business in $5.4 billion deal appeared first on Canadian Plastics.
Tags: business
deal
billion
buys
Qualcomm to make server chips with China's Guizhou Province
2016-01-18 09:19:00| Telecompaper Headlines
(Telecompaper) Qualcomm has signed a strategic cooperation agreement with China's Guizhou Province and unveiled a joint venture, the Guizhou Huaxintong Semi-Conductor Technology, which will focus on the design, development and sale of server chips. The new joint venture will start life with CNY 1.85 billion (around USD 280 million), 45 percent owned by Qualcomm and 55 percent by the Guizhou provincial government.
Tags: make
server
province
chips
False emissions reporting undermines China's pollution fight
2016-01-17 19:39:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Widespread misreporting of harmful gas emissions by Chinese electricity firms is threatening the country's attempts to rein in pollution, with government policies aimed at generating cleaner power struggling to halt the practice. Coal-fired power accounts for three-quarters of China's total generation capacity and is a major source of the toxic smog that shrouded much of the country's north last month, prompting "red alerts" in dozens of cities, including the capital Beijing. But the government...
Tags: reporting
fight
false
pollution
China's Haier nears deal to buy GE appliance unit
2016-01-15 10:23:34| Appliances - Topix.net
General Electric Co. is near a deal to sell its appliance business to China's Haier Group for more than $4 billion, according to people familiar with the matter, after GE's previous effort to sell the unit for a lower amount was blocked by antitrust regulators.
China's two smaller telecoms gain on 4G network sharing plan
2016-01-13 19:30:01| Telecom - Topix.net
China Telecom and China Unicom are both up in U.S. trading, following on gains in China, after the smaller two of China's big three telecoms formed a deal to share a 4G buildout . China Telecom and China Unicom both finished today up 3.8% in Hong Kong.
Tags: plan
network
gain
smaller
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