Toyota Motor halted production at a car factory in China on Tuesday for the second time this month after workers at a supplier staged a walkout.
It was the latest in a string of strikes that has hit Japanese carmakers just as they look to increase production in China, the world’s biggest auto market.
The supplier, an auto parts manufacturer in southern China that makes sensors and electronic control parts, has stopped shipping parts to Toyota
Reliance Broadcast Network, a subsidiary of India’s powerful Reliance-ADA Group, and a unit of CBS Corp. plan to launch television channels in India together, Reliance has announced.
The joint venture is a first for both CBS Studios International and Reliance Broadcast Network, known until last week as Reliance Media World, as they try to tap India’s fast-growing TV market.
Further evidence that, as the TBTF banks continue making money hand over fist and giving top employees insane compensation,
things aren’t so great in the rest of the banking sector.
More than 90 U.S. banks and thrifts missed making a May 17 payment to the U.S. government under its main bank bailout program, signaling a rising number of lenders are struggling to meet their obligations.
Despite all the bad headlines — the accusations of fraud, the talk of a big settlement, the risk, however remote, of criminal charges —most of Goldman’s big customers are not bolting.
To the contrary, nearly all of them are standing by GS, despite come-hither looks from its rivals.
What gives?
To many people, Goldman has become America’s most reviled engine of capitalism.
Bankers have all but given up on defeating one of the most contentious provisions in the financial regulation bill —
one that would effectively bar federally insured banks from trading for their own accounts —
and are now focusing on battles like heading off a prohibition on derivatives trading.
As House and Senate negotiators head into a final push to send the legislation to President Obama,
ZHONGSHAN, China — Striking workers at a Honda auto parts factory here in southeastern China have won higher wages — but not necessarily for themselves.
Factory managers began hiring a steady stream of replacement workers on Sunday, and a significant number of strikers went back to work after increases in wages and benefits, even as many others remained on strike.
A Japanese technology giant little known outside Asia is racing to capture the booming Chinese Internet market.
And in the process, it hopes to become a global player straddling what is fast becoming the world’s most wired region.
Well, this announcement of Tony Blair’s joining Silicon Valley venture capitalist legend Vinod Khosla in what seems to be an innovative “green tech” firm drew a lot of fiery comment from our readers –
Reliance Communications, one of the largest mobile-phone providers in India, with 106 million subscribers,
plans to sell a 26 percent stake to raise cash to cover costs that include $1.8 billion for licenses for high-speed data services.
Tony Blair is becoming a senior adviser at Khosla Ventures, the venture capital firm founded by Vinod Khosla, an investor and a proponent of green technology.
Khosla Ventures, which Mr. Khosla founded in 2004 after leaving the venture capital firm Kleiner Perkins Caufield & Byers, made the announcement at a meeting of its investors.
