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Hanjin Shipping secures $45 million, more may take ‘considerable time’
September 13, 2016 by publisher · Leave a Comment
SEOUL/SYDNEY (Reuters) – The chairman of Hanjin Group transferred 40 billion won ($36 million) to Hanjin Shipping on Tuesday to help unload cargo stranded on the troubled shipper's vessels, a spokesman said, but regulators warned securing further funds could take “considerable time”. The parent of Hanjin Shipping pledged last week to raise 100 billion won to help …
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Hanjin Shipping secures $45 million, more may take ‘considerable time’
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Japan’s Renesas pushes into autos with $3.2 billion Intersil buy
September 13, 2016 by elegant · Leave a Comment
By Makiko Yamazaki TOKYO (Reuters) – Renesas Electronics Corp on Tuesday said it has agreed to buy U.S. chipmaker Intersil Corp for $3.2 billion, an all-cash deal that bolsters the Japanese group's efforts to refocus the company around automotive chips. Renesas, created from the semiconductor units of several Japanese companies, has amassed a significant war chest since a state fund and key clients …
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Japan’s Renesas pushes into autos with $3.2 billion Intersil buy
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Berkshire is accused in New York lawsuit of workers’ compensation ‘siphoning’
September 13, 2016 by publisher · Leave a Comment
By Jonathan Stempel NEW YORK (Reuters) – Berkshire Hathaway Inc has been sued by a New York bicycle courier company over an alleged illegal scheme to cheat employers buying workers' compensation policies. The complaint, filed late Friday by Breakaway Courier Systems, came as Berkshire's Applied Underwriters unit faces scrutiny over its workers' compensation policies, including some that have been banned by California, Vermont and Wisconsin. Breakaway, with about 300 employees, accused Berkshire and Applied of “siphoning” premiums through a web of illegal shell companies, with …
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Berkshire is accused in New York lawsuit of workers’ compensation ‘siphoning’
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Fed looks unlikely to hike next week after Brainard warning
September 13, 2016 by publisher · Leave a Comment
The Federal Reserve should avoid removing support for the U.S. economy too quickly, Fed Governor Lael Brainard said on Monday in comments that solidified the view the central bank would leave interest rates unchanged next week. Brainard said she wanted to see a stronger trend in U.S. consumer spending and evidence of rising inflation before the Fed raises rates, and…
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Fed looks unlikely to hike next week after Brainard warning