Ron Haruni

Is Flextronics Cutting Jobs in China?

SeekingAlpha.com (Free subscription) | yesterday

Ron Haruni submits: According to ChinaTechnews , Flextronics (FLEX), the U.S. electronics firm centered on Singapore, plans to cut 30% of the jobs in its Beijing subsidiary office in addition to closing its Beijing-based research and development department. Quoting an unnamed company insider, the local media said Flextronics has already started its large-scale job cuts. The 30% layoff of staffers...

• Flextronics Plans to Cut its China Workforce by 30% - Wall Street Pit
• Rumor: Flextronics Beijing Cuts R&D Department, 30% Of Other Staff - Pacific Epoch

Is Sharp Corp. Looking for European Solar Power Ventures?

SeekingAlpha Energy Stocks (Free subscription) | 12/01/2008

Ron Haruni submits: Japan’s Sharp Corp. (SHCAY.PK) and Italy’s largest power company Enel SpA (EN), are planning to establish a joint venture by spring of fiscal ‘09 and invest more than $2.6 billion in setting up, mainly in southern Italy, a number of photovoltaic power plants. The project is designed to tap growing demand for cleaner energy despite a global economic slowdown. The joint venture...

Icahn Swims Against the Tide, Increases Yahoo Holdings

SeekingAlpha Internet Stocks (Free subscription) | 11/28/2008

Ron Haruni submits: Billionaire investor and Yahoo Inc. (YHOO) board member Carl Icahn has increased his holdings in the Sunnyvale, California-based Web Portal by adding 6.8 million shares to his position for about $65 million. According to a filing with the Securities and Exchange Commission, various Icahn entities purchased, between 11/24 and 11/26, 6.8 million shares of Yahoo at an average...

Fed Approves BoA's Acquisition of Merrill: Ramifications?

SeekingAlpha.com (Free subscription) | 11/27/2008

Ron Haruni submits: On Wednesday, the Federal Reserve governing board announced its approval of the buyout of Merrill Lynch (MER) by Bank of America (BAC). The acquisition of New York-based Merrill Lynch, one of the premier wealth management and advisory companies, allows BoA to create a unique financial services firm. Merrill has total consolidated assets of approx. $875 billion and controls...

• BofA Acquires Merrill, Creates Largest Brokerage House in World - SeekingAlpha.com
• Fed Approves BofA’s Acquistion of Merrill - Wall Street Pit
• See the 4 articles on the same subject

BofA Acquires Merrill, Creates Largest Brokerage House in World

SeekingAlpha.com (Free subscription) | 11/27/2008

Ron Haruni submits: On Wednesday, the Federal Reserve governing board announced its approval of the buyout of Merrill Lynch (MER) by Bank of America (BAC). The acquisition of New York-based Merrill Lynch, one of the premier wealth management and advisory companies, allows BofA to create a unique financial services firm. Merrill has total consolidated assets of approx. $875 billion and controls...

GM Cuts Expenses, Lets Go of Tiger

SeekingAlpha.com (Free subscription) | 11/25/2008

Ron Haruni submits: The cash-strapped General Motors ( GM ) ended Monday, after five years, its nine-year endorsement deal with golf superstar Tiger Woods as the struggling automaker tries to cut expenses while waiting for federal action on loans which the company considers key to its survival. The press release from GM however, stressed the point that any link to what’s happening in Washington,...

GM Releases Tiger, Lowers Expenses

SeekingAlpha Media Stocks (Free subscription) | 11/25/2008

Ron Haruni submits: The cash-strapped General Motors ( GM ) ended Monday, after five years, its nine-year endorsement deal with golf superstar Tiger Woods as the struggling automaker tries to cut expenses while waiting for federal action on loans which the company considers key to its survival. The press release from GM however, stressed the point that any link to what’s happening in Washington,...