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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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Fossil fuel investments cost major funds billions
2015-11-16 15:09:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: Corporate Knights, together with 350.org and South Pole Group, has launched the Clean Capitalist Decarbonizer, an interactive tool that allows users to determine the financial impact of divesting from carbon heavy companies. Using this first-of-its kind tool, Corporate Knights analysed the investments of 14 funds totaling $1 trillion in assets, including the Gates Foundation and ABP, and determined that the scale of losses over the past three years exceeded US$22 billion. The analysis covered recent...
Balsillie fears TPP could cost Canada billions and become worst-ever policy move
2015-11-08 22:58:02| Telecom - Topix.net
Jim Balsillie warns that provisions tucked into the Trans-Pacific Partnership could cost Canada hundreds of billions of dollars - and eventually make signing it the worst public policy decision in the country's history. After poring over the treaty's final text, the businessman who helped build Research In Motion into a $20-billion global player said the deal contains "troubling" rules on intellectual property that threaten to make Canada a "permanent underclass" in the economy of selling ideas.
Poor nations struggle to spend climate aid billions
2015-11-04 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Billions of dollars pledged by developed nations in climate finance over the last decade remain unused as poor countries that often most need the money are ill-equipped to spend it, international charity WaterAid said on Tuesday. Despite donors' willingness to provide funding, vulnerable countries worst hit by rising climate pressures such as droughts and floods often lack the capacity to implement, manage and oversee projects to help them cope, WaterAid said. "Countries that are most in need...
Nokia to give billions back to shareholders as sales dip
2015-10-29 13:50:57| Wireless - Topix.net
" Telecom networks company Nokia saw its shares rise on Thursday after it raised its outlook for the year and said it would distribute 4 billion euros to shareholders, despite a drop in third quarter earnings. Revenue in the period was down 2 percent from a year earlier at 3.03 billion euros due to lower demand in North America and Europe.
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