Growing up, spinning off

Article Abstract:

Telecommunications equipment maker Huawei Technologies Co. of China is looking to divest its power supply systems division to Emerson Electric Co. of the United States. It is unsure whether the Chinese government will agree to the sale because Huawei has a 30 percent share of the strategic Chinese telecommunications market. Huawei is trying to streamline its operations in order to become more competitive.

Electronics, Electronics industry, Emerson Electric Co., EMR, Huawei Technologies Company Ltd.

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Lucent plan to sell plants falls through as Flextronics bails

Article Abstract:

Lucent Technologies Inc.'s planned production facilities sale to Flextronics International Ltd. has collapsed. The two firm could not agree on whether or not Flextronics would purchase existing inventories.

Facilities & equipment, Electronic Components, Lucent Technologies Inc., LU, Electronic components industry, FLEX, Flextronics International Ltd.

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Headache for Goldman Sachs? Gitic failure may hurt bank's stake in insurer

Article Abstract:

The bankruptcy of Hong Kong-based Guangdong International Trust and Investment Corp (Gitic) has alarmed New York-based Goldman Sachs and Co. The New York investment firm possesses shares amounting to $50 million in a Shenzhen insurance firm managed by Gitic. Moreover, Gitic also administers a trust created for the share acquired by Goldman at the Ping An Insurance Co. Goldman officials are still worried despite assurances from the government that its interests at Gitic will be protected due to the vagueness and volatility of the legal system in China.

Securities Dealers, Investment Banking and Securities Dealing, Sales, profits & dividends, Financial management, Insurance, Insurance Carriers and Related Activities, Security brokers and dealers, INSURANCE CARRIERS, Business Failures, Laws, regulations and rules, Financial services industry, Finance, Financial services, Insurance industry, Goldman Sachs and Co., Hong Kong, Guangdong International Trust and Investment Corp., Ping An Insurance (Group) Company of China Ltd.

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