Business

Japan's Sharp accepts takeover offer but Foxconn says won't yet sign

Sharp , on the other hand, will leverage Hon Hai's partnership with Apple Inc., and will probably find more outlets for its products via Hon Hai's expansive network in China. The two companies are in takeover talks. The company did not respond to requests for comment. This month, Sharp's chief Kozo Takahashi refused to be drawn on which offer he favoured, but said his company was putting "more manpower" into evaluating the Taiwanese offer.

Business

Just When Was Michigan Governor Snyder Warned About Flint's Toxic Water?

Snyder would warn residents not to drink the water - that the city should switch back. "That's where I'm kicking myself every day ", Snyder said after signing a $30 million supplemental bill to reimburse Flint residents for their water bills.

Business

Snyder aide opposed replacing Michigan environmental chief

Snyder signed the $30 million budget supplemental, reimbursing Flint residents with credits on their water bills for water used for drinking, cooking and bathing. "A crime was committed against the children and families of Flint , and the unheeded warnings expressed to this governor, by his own inner circle, are as close to a smoking gun as you can get", said Dillon on Friday, Feb.

Business

China rules out letting yuan decline in order to boost trade

The finance ministry official said it did not point out China, the hosting country, who has been under fire for sparking a currency battle among the world's leading economies to boost their exports. Britain's Finance Minister George Osborne said the question was "deadly serious" and not "some adventurous journey into the unknown". "We will not resort to competitive devaluations to boost our advantage in exports".

Business

Foxconn, Sharp Said to Consider Revising Terms of Approved Deal

Just hours after winning a board vote to take control of Japanese electronics maker Sharp Corp, Foxconn Technology Group said in a surprise reversal that it would postpone signing a definitive agreement because of "new material information".

Business

Michigan governor authorizes $30M to help Flint residents pay water bills

In an email to then-chief of staff Dennis Muchmore and others, Brader requested that the governor's office ask Flint's emergency manager to return to Detroit's system on October 14. "This is a public relations crisis — because of a real or perceived problem is irrelevant — waiting to explode nationally", predicted Ari Adler, special projects manager, in January 2015.