Green Energy
AP:
- Prince Alwaleed Buys Into China Expansion
From this source: Saudi billionaire Prince Alwaleed bin Talal bought a stake in Chinese online retailer 360buy Jingdong Inc., joining a group of investors in tapping one of the world’s fastest growing e-commerce markets. 360buy raised about $700 million...
- Hooray For America! We Suck The Least!
Despite everything, it’s the USA, the american people as expressed by US Treasury NotesForeign holdings of US debt hit record highForeign holdings of US debt hit record high; China ups holdings after 2 declinesForeign demand for U.S. Treasury...
- Anything For Cost? Fake Submarine Parts From China Ayfkm?
From Defensetech:GAO Buys Fake Submarine Parts From ChinaRemember how the Senate Armed Services Committee held a rather dramaitc hearing on the flood of counterfeit weapons parts coming from China a few months ago?Well, as part of the committee’s investigation...
- China Has Divested 97 Percent Of Its Holdings In U.s. Treasury Bills
From CNS: China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month...
- And As The Manufacturing Went To Third World Labor Costs ...so Goes Engineering ...bye Bye
China State Construction nets $100m US subway deal By Liu Yiyu (China Daily) Updated: 2009-11-24 08:11 China State Construction Engineering Corp, the largest contractor in China, has bagged a subway ventilation project worth about $100 million...
Green Energy
Like that ham and bacon? Time for Kosher, dudes. Chinese get OK to buy American pork producer - SMITHFIELD
AP:
Pigs, report to Shenzen on mondayChina is bringing home some serious American bacon.Shareholders of Smithfield Foods approved a plan to sell the world's largest pork producer and processor to a Chinese company.The Smithfield, Va.-based company said more than 96 percent of the votes cast during a special meeting in Richmond on Tuesday were in favor of Shuanghui International Holdings Ltd.'s $34 per-share offer, or $4.72 billion in cash.The deal, which is expected to close on Thursday, will be the largest takeover of a U.S. company by a Chinese firm, valued at about $7.1 billion including debt. Its sale to Hong Kong-based Shuanghui comes at a time of serious food safety problems in China, some of which have involved Shuanghui, which owns food and logistics enterprises and is the largest shareholder of China's biggest meat processor."We will cease to be the company you saw in the past," Smithfield's CEO Larry Pope told shareholders. "This does not mean the company goes away, the company just enters into a new phase and a new era of its life."Smithfield's shares rose one cent to $33.99 in morning trading Tuesday, just short of the buyout offer.Smithfield Foods, whose brands include Armour, Farmland and its namesake, was founded in 1936 and has grown to annual sales of $13 billion and has about 46,000 employees.
- Prince Alwaleed Buys Into China Expansion
From this source: Saudi billionaire Prince Alwaleed bin Talal bought a stake in Chinese online retailer 360buy Jingdong Inc., joining a group of investors in tapping one of the world’s fastest growing e-commerce markets. 360buy raised about $700 million...
- Hooray For America! We Suck The Least!
Despite everything, it’s the USA, the american people as expressed by US Treasury NotesForeign holdings of US debt hit record highForeign holdings of US debt hit record high; China ups holdings after 2 declinesForeign demand for U.S. Treasury...
- Anything For Cost? Fake Submarine Parts From China Ayfkm?
From Defensetech:GAO Buys Fake Submarine Parts From ChinaRemember how the Senate Armed Services Committee held a rather dramaitc hearing on the flood of counterfeit weapons parts coming from China a few months ago?Well, as part of the committee’s investigation...
- China Has Divested 97 Percent Of Its Holdings In U.s. Treasury Bills
From CNS: China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month...
- And As The Manufacturing Went To Third World Labor Costs ...so Goes Engineering ...bye Bye
China State Construction nets $100m US subway deal By Liu Yiyu (China Daily) Updated: 2009-11-24 08:11 China State Construction Engineering Corp, the largest contractor in China, has bagged a subway ventilation project worth about $100 million...