XML US Business News

Hanergy's Solar Tech Gamble Is Under Scrutiny

published about 4 hours ago
Hanergy's Solar Tech Gamble Is Under Scrutiny
When one of China’s richest men ventured into the solar business, he bet on the success of niche solar technology that few in the industry wanted. That gamble by Hanergy Chairman Li Hejun now is under unprecedented scrutiny.

Chip Makers Chase Deals Over Margin, Pricing Pressures

published about 4 hours ago
Chip Makers Chase Deals Over Margin, Pricing Pressures
Investors pressing for margin gains have triggered the new wave of consolidation in the semiconductor industry, figuring a savvy tie up can bring cost savings and fatter margins.

Fiat Reached Out to Rivals About Consolidation

published about 4 hours ago
Fiat Reached Out to Rivals About Consolidation
The auto maker’s chairman said it has made contact with multiple rivals to propose talks about industry consolidation.

FTC Sues to Block Steris, Synergy Merger

published about 5 hours ago
The Federal Trade Commission sued to block the $1.9 billion merger of infection-prevention firm Steris and U.K. peer Synergy Health, with the companies pledging to fight back in court.

AmEx President Dies on Plane

published about 6 hours ago
AmEx President Dies on Plane
The president of American Express, Edward Gilligan, who was viewed as a likely successor to CEO Kenneth Chenault, died on the way home from a business trip.