Suntech Power Holdings Co Ltd
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Growing market, falling revenues. The price decline that has hurt European panel makers has helped sustain demand in the face of Chinese competition and disappearing subsidies.
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WUXI, China/ HONG KONG, May 22- Local creditors of Wuxi Suntech, the bankrupt unit of Chinese solar panel maker Suntech Power Holdings Co Ltd, on Wednesday claimed the subsidiary owed them a combined $2.5 billion, at the start of a debt restructuring process expected to last months.
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LOS ANGELES, May 20- In October 2004, then California Governor Arnold Schwarzenegger rolled up to a pioneering fueling station at Los Angeles International Airport in a hydrogen-powered metallic blue Hummer loaned to him by General Motors Corp..
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NEW YORK-- Suntech Power Holdings Co., one of the world's biggest solar panel manufacturers, said Wednesday that it reached a deal with some of its lenders to again delay the repayment of $541 million in debt. In March, Suntech defaulted on a $541 million bond payment.
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Growing market, falling revenues. The price decline that has hurt European panel makers has helped sustain demand in the face of Chinese competition and disappearing subsidies.
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LONDON, May 10- Silver prices swung wildly in the wake of extreme losses seen in gold last month, but while investors fled bullion-backed funds in droves, holdings in the less glamorous precious metal are remarkably robust, for now.
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The European Commission agreed on Wednesday to impose punitive import duties on solar panels from China in a move to guard against Chinese dumping of cheap goods in Europe.
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SAN FRANCISCO, May 7- The head of Groupon Inc's. Faisal Masud joined Groupon in 2012 from eBay Inc to oversee "Groupon Goods", intended to compete more directly with eBay and Amazon.com Inc. Groupon has been struggling to make inroads into more traditional Internet retail as appetite wanes for the online local discounts it specializes in.
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*Appoints Faisal Masud as executive vice president, global e-Commerce. *Masud joins Staples from Groupon Inc. *Source text for Eikon* Further company coverage.
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May 7- OfficeMax Inc reported a lower-than-expected quarterly profit, hurt by declining technology sales, but the company announced a special dividend of $1.50 per share. The news comes as the retailer awaits regulatory approval for its pending merger with rival Office Depot Inc.
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**RADCOM LTD, $4.05, up 53 pct. **DELCATH SYSTEMS INC, $0.43, down 45 pct. **LINKEDIN CORP, $181.69, down 10 pct.
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**RADCOM LTD, $4.05, up 53 pct. **DELCATH SYSTEMS INC, $0.43, down 45 pct. **LINKEDIN CORP, $181.69, down 10 pct.
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**RADCOM LTD, $4.05, up 53 pct. **DELCATH SYSTEMS INC, $0.43, down 45 pct. **LINKEDIN CORP, $181.69, down 10 pct.
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**RADCOM LTD, $4.05, up 53 pct. **LINKEDIN CORP, $181.69, down 10 pct. The U.S. Justice Department is suing the company and its hospice subsidiaries, including the biggest U.S. for-profit hospice chain, alleging false billings for Medicare hospice services.
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**LINKEDIN CORP, $186.46, down 8 pct. **VIVUS INC, $13.28, up 3 pct. Arena said on Thursday that it pulled its application seeking approval for its anti-obesity treatment Belviq in the European Union, lowering competition for rival Vivus, whose obesity pill was recommended for European approval by regulators late last month.
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CHICAGO, May 3- With consumer stocks blazing this year, it makes sense for investors to focus on retailers as the U.S. economy continues an inchworm-like recovery. But retail is a fickle business. The sectors have gained 14 percent and 17 percent year to date, respectively, through May 1, according to Standard& Poor's.
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**LINKEDIN CORP, $186.46, down 8 pct. **VIVUS INC, $13.28, up 3 pct. Arena said on Thursday that it pulled its application seeking approval for its anti-obesity treatment Belviq in the European Union, lowering competition for rival Vivus, whose obesity pill was recommended for European approval by regulators late last month.
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**RADCOM LTD, $4.05, up 53 pct. **LINKEDIN CORP, $181.69, down 10 pct. The U.S. Justice Department is suing the company and its hospice subsidiaries, including the biggest U.S. for-profit hospice chain, alleging false billings for Medicare hospice services.
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Samsung Electronics, Asus, Amazon Inc. and Microsoft all grew their tablet shipments and eked out market share gains against Apple. But the biggest jump in market share came from other Asian manufacturers churning out inexpensive devices sold globally to customers including Staples, Toys R Us, Hewlett-Packard.
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In this episode of Inside China, Eunice Yoon looks at how the bankruptcy of solar energy company Suntech led to an industry-wide downfall.
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April 30- Office Depot Inc reported a weaker-than-expected quarterly profit on Tuesday and said it would hold a special meeting with investors to seek approval for its pending merger with rival OfficeMax Inc.