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Toshiba unit to invest in China LCD JV for phones
Toshiba Corp's loss-making LCD unit will invest in a joint venture in China to tap growing demand for mobile phone displays and offload equipment as it shifts its focus in Japan to high-resolution products.
IB Times Wednesday, August 05, 2009

Bharti Airtel plans bid for Millicom Sri Lanka network-report
India's Bharti Airtel plans to bid for telecom operator Millicom's Sri Lankan mobile network, the Economic Times said on Wednesday, citing two executives familiar with developments.
IB Times Wednesday, August 05, 2009

Chrysler creditors seek approval to sue Daimler
Creditors of Chrysler have asked a bankruptcy court to allow them to sue Daimler AG, arguing that the 2007 sale of the U.S. automaker stripped it of its most valuable assets.
IB Times Wednesday, August 05, 2009

iPod exploded in Britain, Apple seals it
Apple attempted to silence a father and daughter with a gagging order after the child's iPod music player exploded and the family sought a refund from the company, The Times reported on Monday.
IB Times Wednesday, August 05, 2009

Interest costs hit DuPont Fabros profits
DuPont Fabros Technology Inc., a real estate investment trust that develops and manages data centers, saw its second-quarter profits pushed down 50 percent under the squeeze of heavy interest costs.
Biz Journal Wednesday, August 05, 2009

NuMobile, Inc. (NUBL.OB) Presents $1 Million Sales Strategy and Mobile Software Roll-Up Strategy Progress
NuMobile, Inc., a smartphone and mobile computing solutions company, recently announced the release of an on-demand corporate Webcast, which outlines the companyâ??s anticipated $1 million sales pipeline and discusses NuMobileâ??s new business strategy to build a portfolio of security and software solutions for the mobile computing and smartphone market. The Webcast also includes a discussion of [...]
IB Times Wednesday, August 05, 2009

Consorteum Holdings Inc. (CSRH.OB) Announces Introduction of New Financial Services Division
Consorteum Holdings, Inc. announced this morning that it has created a new division focused on providing financial services to consumers, employees and individuals within the public and private sectors. The new division will operate together with Consorteumâ??s existing divisions, which are application-specific and industry-specific. The Consorteum Financial Services Division will be managed by a leading expert [...]
IB Times Wednesday, August 05, 2009

Solar Energy Initiatives Inc. (SNRY.OB) Facing Bright Future after Several 2009 Achievements
Solar Energy Initiatives Inc. yesterday announced that it expects to post revenues of $2.6 million for the fourth quarter of 2009 and highlighted its recent milestones that attributed to the success of its first year of operations. Solar Energy Initiatives announced cash flow positive status and said it anticipates further growth in the upcoming year. “Management [...]
IB Times Wednesday, August 05, 2009

American Axle cites bankruptcy risk after deep loss
American Axle & Manufacturing Holdings Inc reported a bigger-than-expected quarterly loss on Wednesday due to steep production cuts by automakers and said it remained uncertain whether it could complete a debt restructuring outside of bankruptcy.
IB Times Wednesday, August 05, 2009

Merck, Schering in $41.5 mln drugs settlement
Merck & Co and Schering-Plough Corp will pay $41.5 million to settle class-action lawsuits over their shared cholesterol drugs Vytorin and Zetia, the companies said on Wednesday.
IB Times Wednesday, August 05, 2009

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