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First Chinese Firm on NYSE Settles With Class
2016-01-11 17:11:43| Steel - Topix.net
A federal judge ordered fertilizer company China Green Agriculture - the first Chinese company to be traded on the New York Stock Exchange - to pay $2.5 million to settle a shareholder class action. China Green was listed on the New York Stock Exchange in 2009, under the CGA symbol.
Chinese investors buy German firm
2016-01-11 06:15:32| BBC News | Business | UK Edition
A group of Chinese investors have bought one of Germany's largest machinery suppliers, KraussMaffei, for 925m ($1bn; 694m).
Report: Apple Buys Emotion-Recognition Firm Emotient
2016-01-08 19:03:51| PC Magazine Software Product Guide
Emotient uses artificial intelligence to analyze facial expressions and read emotions.
Ex-Qwest CEO Nacchio wins $14 mln verdict vs Goldman unit, law firm says
2016-01-08 01:07:47| IT Services - Topix.net
Joseph Nacchio, the former Qwest Communications International [CTLQW.UL] chief executive, has won a $14.2 million jury verdict against a Goldman Sachs Group Inc unit and financial adviser over the sale of life insurance policies, his law firm said on Thursday. Nacchio and his wife said Goldman's Ayco financial planning unit and their former adviser David Weinstein breached their fiduciary duties by failing to tell them that the $95 million of variable life insurance they bought in 2000 would likely lapse before their life expectancies, the law firm Nagel Rice said.
Aussie firm makes world first US car tech
2016-01-07 09:41:06| Automakers - Topix.net
Australian innovation means US giant General Motors has become the first car maker in the world to offer vehicles embedded with tech allowing owners to track real-time performance on an app. Melbourne-based Connexion Media developed the Commercial Link service for the world's second largest auto maker, which is pitching it as a way for small and medium businesses to keep track of vehicles with a view to boosting efficiency.
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