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Top regulator proposes PG&E pay $1.6 billion penalty

2015-03-14 01:58:40| Energy - Topix.net

California's top regulator is proposing Pacific Gas & Electric Co. pay $1.6 billion as penalty for causing a deadly 2010 gas-pipeline explosion in the San Francisco Bay Area.

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Billion Auto Group, ad agency, agree to pay $360,000 fine for deceptive advertising

2014-12-16 23:57:29| Auto Dealers - Topix.net

An advertising company and a large car dealership, with a showroom in Iowa City, agreed to a $360,000 judgment to resolve claims that violated a Federal Trade Commission order prohibiting deceptive advertising when marketing costs of buying or leasing a car. The Billion Auto Group, which has locations in Iowa City, Sioux City, and Clive, and Nichols Media, Inc., the advertising agency, agreed to the stipulated judgment entered by U.S. District Court Tuesday.

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Ferrari will pay Fiat Chrysler $2.8 billion before its spinoff

2014-11-13 20:16:44| Automakers - Topix.net

Fiat Chrysler Automobiles estimates it will receive about 2.25 billion euros from Ferrari before it spins off the supercar unit next year. "Prior to the separation we also intend to enter into certain other transactions including distributions and transfers of cash from Ferrari currently estimated at 2.25 billion euros," FCA said today in a filing with U.S. regulators.

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IBM to pay $1.5 billion to shed its costly chip division

2014-10-20 21:32:22| Semiconductors - Topix.net

IBM will pay $1.5 billion to Globalfoundries in order to shed its costly chip division. IBM Director of Research John E. Kelly III said in an interview Monday that handing over control of the semiconductor operations will allow it to grow faster, while IBM continues to invest in and expand its chip research.

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IBM to pay $1.5 billion to shed its costly chip division

2014-10-20 20:34:28| Electronics - Topix.net

IBM will pay $1.5 billion to Globalfoundries in order to shed its costly chip division. IBM Director of Research John E. Kelly III said in an interview Monday that handing over control of the semiconductor operations will allow it to grow faster, while IBM continues to invest in and expand its chip research.

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