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France aims to drop its Renault stake to 15%

2015-11-10 14:17:38| Automakers - Topix.net

French economy minister Emmanuel Macron reiterated Tuesday that the French government intends to lower its stake in Renault SA to 15% and insisted the government opposes significant changes in the alliance between the French car maker and Nissan Motor Co. The government's decision earlier this year to raise its stake in the French car maker to almost 20% caused tension on the boards of both companies as the move changed the cross-shareholding system underpinning the alliance.

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New York lawyer goes on trial for fraud charge tied to Maxim magazine

2015-11-10 13:42:44| Trucking - Topix.net

A New York lawyer went on trial on Monday on charges he participated in a scheme involving the impersonation of a successful businessman that was aimed at fraudulently obtaining millions of dollars to buy Maxim magazine. Harvey Newkirk, a former lawyer with the law firm Bryan Cave LLP, helped convicted con man Calvin Darden Jr. pretend to be his father, a retired senior executive with United Parcel Service Inc, in order to sell lenders on the $31 million deal, a prosecutor told jurors in federal court in Manhattan.

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Swedens FVG to add 400 Volvo V70 Bi-Fuel cars to fleet; options for up to 240 more

2015-11-10 11:55:37| Green Car Congress

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Ag Groups Oppose CHS' Request To Change Its By Laws Allowing Non-Farm Groups To Join

2015-11-10 09:52:55| Agriculture - Topix.net

AG GROUPS OPPOSE CHS' REQUEST TO CHANGE ITS BY LAWS ALLOWING NON-FARM GROUPS TO JOIN Nov. 10, 2015 Farm and Ranch Guide reports: An association of more than 80 farmer-owned cooperatives in the state that purchase energy products and grain marketing services from CHS, Inc., recently voted to oppose the company's proposed bylaw changes that could affect local profits if non-farmer organizations are allowed to be members of CHS. The Fortune 100 cooperative is currently owned and governed by agricultural cooperatives in communities throughout the region and by individual farmers that do business with CHS.

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Hong Kong closes off by midday on weak US markets, Chinese shares shrug off losses to end firm

2015-11-10 06:45:31| Logistics - Topix.net

Hong Kong's stock market sank on Tuesday morning following a weak performance by Wall Street overnight, while mainland Chinese markets reversed early losses to close the morning session with gains as it was supported by strong market sentiment. Hong Kong's Hang Seng Index dropped 1.19 per cent, or 270.32 points to 22,456.45.

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