China pays steep price as textile exports boom: suppliers to U.S. stores accused of dumping dyes to slash their costs

Article Abstract:

The illegal dumping of dyes directly into river waters emphasizes the economic and environmental complexities of China's textile industry. China officials and environmental activists cite demands by multinational corporations for increasingly lower textile prices as the reason behind the nation's pollution problems, as factories attempt to keep expenses down by avoiding wastewater treatment costs.

China, Financial management, Foreign trade, Multinational Corporations, Pollutants produced & recycled, TEXTILE MILL PRODUCTS, Finance, International trade, International business enterprises, Influence, Environmental aspects, Waste management, Textile industry, Company financing, Point source pollution, Estuarine pollution

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Lenovo to drop the IBM logo; profit surge foretells growth

Article Abstract:

Fiscal second-quarter net profit for Lenovo Group Ltd. nearly tripled, rising to $105.3 mil and $1.12 per share and exceeding analyst expectations. Revenue for the China-based computer company increased 20% to $4.43 bil. Lenovo announced that it would be eliminating the IBM logo on its products in order to focus on a single global brand.

Electronic computers, Sales, profits & dividends, Computer industry, Microcomputer industry, Company sales and earnings, Company earnings/profit, Lenovo Group Ltd., Financial report

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