Business

Taiwan: Stocks rise; Hon Hai up 4% as Sharp accepts takeover offer

Late on Wednesday, financially troubled Japanese electronics company Sharp-which is known for its display manufacturing prowess-announced that it had agreed to be acquired by Taiwan-based Foxconn , a large contract manufacturer that has a major role in the production of Apple's iPhone.

Business

India To Pump Almost $13bn Into Rural Development

While Infrastructure outlay at Rs 2.21 lakh cr and 00% rural electrification by May 1, 2018. Jaitley announced that the personal tax slabs would remain unchanged, and presented a series of tough breaks for the rich in the form of surcharges and taxes on luxury goods.

Business

Dale Earnhardt Jr. crashes out of Daytona 500

His father, Dale Earnhardt, had similar skills. Kahne was 13th, Johnson 16th, Earnhardt 36th, and Elliott 37th. DAYTONA BEACH, Fla . (AP) - Chase Elliott strode through the Daytona garage, a favorite to the fans screaming his name. "That wasn't what happened, but yes, that is definitely different", he said. This probably makes things feel a little bit more comfortable, I guess, knowing that if there is an opportunity to maybe try some technology that you normally wouldn't do if you hadn't ...

Business

Governor releases Flint water emails

Meanwhile people in Flint have seen precisely ZERO lead water service lines removed in their beleaguered city in the 148 days since Gov. Snyder admitted their water was poisoned. "My Mom is a City resident", wrote Gadola, who grew up in Flint . She said it was an "urgent matter to fix", citing E. coli problems and a General Motors plant's switch to different water because Flint's water was rusting engine parts.

Business

Bombardier To Slash 7000 Jobs Over Next Two Years As Earnings Fall

Philippine Airlines will take delivery of the A350-900s in two years and the aircraft are meant to replace older A340 models, company president Jaime Bautista said at the Singapore Airshow Wednesday. Prior to announcing the layoffs , Bombardier cut its 2015 revenue loss from $5.3 billion by reducing its above-the-line expenses. " Air Canada's commitment is a strong endorsement of this outstanding aircraft", Bellemare said in the statement.

Business

Japan stocks zoom on stimulus hopes after poor growth data

On Monday, the unit surged more than one percent against the dollar, its biggest rise in more than a decade, after the country's central bank chief said there was no reason the beleaguered unit should fall further. Contracts on the FTSE China A50 Index rose 0.5 percent, while those on the Hang Seng China Enterprises Index climbed 1.2 percent and futures on the Hang Seng Index rose 0.7 percent.