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World Bank puts USD 56 mln into Gabon ICT
2015-10-09 09:42:00| Telecompaper Headlines
(Telecompaper) Gabon and the World Bank have started preparations for a new USD 56 million eGabon project, which will leverage ICT to promote the country's socioeconomic development. A statement from the World Bank said the eGabon project, will be implemented with the Ministry of Health, ANINF (Agence Nationale des Infrastructures Numériques et des Frequences), and CNAMGS (Caisse Nationale d'Assurance Maladie et de Garantie Sociale). The project aims to improve the performance of the National Health Information System (SNIS) by strengthening its human and financial resources and upgrading health facility equipment and infrastructure.
American Apparel Gains Access to $90 Million USD
2015-10-08 03:39:06| Apparel - Topix.net
Despite filing for bankruptcy on Monday in the wake of nearly $20 million USD in losses and an 87% decrease in share prices, American Apparel is not yet finished. Today a Judge Brendan Shannon in Wilmington, Delaware gave the retailer approval to tap into as much as $90 million USD in loans as it attempts to reorganize following years of losses.
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Inventec targets revenues to over USD 20 bln in 2017
2015-10-07 13:44:00| Telecompaper Headlines
(Telecompaper) Inventec expects to achieve revenues of USD 20 billion in 2017. Revenues for 2015 are expected to be flat year-on-year or slightly decline from TWD 435.6 billion (approximately USD 13.4 billion) in 2014, DigiTimes reports citing Inventec chairman Richard Lee. The statement was made at the World Electronics Forum on 5 October.
Tags: usd
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Skyworks agrees to buy PMC-Sierra for USD 2 billion
2015-10-06 09:17:00| Telecompaper Headlines
(Telecompaper) Semiconductor company Skyworks Solutions has announced a definitive agreement to acquire semiconductor and software company PMC-Sierrra for USD 10.50 per share in an all-cash transaction valued at approximately USD 2 billion. The price represents a 37 premium on PMC's closing share price on 5 October. The operation will be funded with cash on hand and new debt financing. This acquisition solidifies Skyworks' position as a highly diversified analogue, RF and mixed signal semiconductor provider by significantly expanding its product portfolio, customer base and end market applications. The acquisition is expected to close in the first half of 2016, pending PMC shareholder approval, regulatory authorisation and customary closing conditions.
Kuwait Crude Oil Down 59 cents to USD 42.45 pb
2015-10-03 23:47:44| Oil & Gas - Topix.net
Kuwait: The price of Kuwaiti crude oil was down by 59 cents Friday to reach USD 42.45 per barrel after being at USD 43.04 pb the day before, said a statement by the Kuwait Petroleum Corporation carried by Kuwait News Agency on Saturday.
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