German chipmaker Infineon hopes to raise euro725 million in capital hike

August 28th, 2009 Chipmaker Marvell's 2Q profit falls as sales dropSANTA CLARA, Calif. — Marvell Technology Group Ltd., which makes chips used in phone networks, said Thursday its second-quarter net income fell 18 percent to $58.5 million as revenue slumped.

August 28th, 2009 Chipmaker OmniVision posts 1Q loss, revenue dropsSANTA CLARA, Calif. — OmniVision Technologies Inc., which makes image-sensing chips, said Thursday it lost $9.9 million in its first quarter, reversing a profit a year earlier as its revenue plunged 39 percent, but it offered an upbeat outlook for the current quarter.

August 3rd, 2009 Gibbs: No tax hike for middle classWASHINGTON — The White House spokesman says President Barack Obama is committed to not raising taxes on U.S. families earning less than $250,000.

July 31st, 2009 Continental plans capital hike of $2.1 billionFRANKFURT — German car parts and tire maker Continental AG plans a capital increase of up to euro1.5 billion ($2.1 billion) to strengthen its balance sheet and is in refinancing talks with banks, the company said. "With this decision, the supervisory and executive boards intend to equip Continental with a sound financial structure for the medium and long term," the Hannover-based company said in a brief statement late Thursday after a meeting of the company's supervisory board.

July 29th, 2009 Taiwan chipmaker UMC returns to profit in Q2TAIPEI, Taiwan — Taiwan's United Microelectronics Corp., the world's second-largest contract chipmaker by revenue, on Wednesday posted its first quarterly profit in a year on stronger customer demand. The company's net income was NT$1.55 billion ($47 million) for the April-June quarter, down 35.5 percent from a year earlier.

July 29th, 2009 Infineon reports smaller Q3 lossFRANKFURT — German chipmaker Infineon Technologies AG said Wednesday that net losses narrowed 94 percent in its fiscal third quarter as it excluded an insolvent unit from its accounts and as a broad restructuring plan began to pay off. The Neubiberg-based company said its loss for the April-June period was €23 million ($33 million) compared with €379 million a year earlier.

July 16th, 2009 Infineon: 3Q sales slip 18 pct from year agoFRANKFURT — German computer chipmaker Infineon Technologies AG said Thursday that its revenue for the most recent quarter fell 18 percent as customers placed fewer orders. The company said sales for the quarter that ended June 30, its fiscal third, totaled euro845 million ($1.2 billion) compared with euro1.03 billion a year earlier.

July 10th, 2009 Chipmaker Infineon hopes for €725M in cap hikeFRANKFURT — German computer chipmaker Infineon Technologies AG said Friday the company hopes to raise €725 million ($1 billion) in new capital through the issuance of about 337 million new shares, though didn't announce all details of the offer. The Neubiberg-based company said Apollo Global Management LLC, has agreed to acquire about 326 million of the shares which will be issued at a subscription price of €2.15.

July 1st, 2009 NEW DELHI - India Inc Wednesday welcomed the government's decision to raise fuel prices, saying the move would help oil companies reduce their huge subsidy burden. "With hike in prices of diesel and petrol, oil companies will be able to avoid red ink in their balance sheet as they were bleeding under the burden of subsidies, discounts and oil bonds," Sajjan Jindal, president of the Associated Chambers of Commerce and Industry (Assocham), said in a statement.

June 11th, 2009 MUMBAI - Any hike in steel prices is unjustifiable as the cost of iron ore and coking coal have come down since last year, Steel Secretary P.K. Rastogi said here Thursday.

June 8th, 2009 Stress-tested banks raise $75.2 billion in capitalSixteen of the 19 large banks that underwent government stress tests last month have raised more than $75 billion in capital, either because regulators required it or because the banks want to return federal bailout funds. Banks have also been issuing debt to prove to officials that they can finance operations on their own.

May 29th, 2009 NEW DELHI - The government may hike coal prices marginally, Minister of State for Coal (Independent Charge) Sriprakash Jaiswal said here Friday. "Keeping in view the current economic situation, we can hike the price if required, but the hike will be marginal," Jaiswal told reporters after taking charge.

April 30th, 2009 STMicro 1Q loss widens as sales drop offSEATTLE — Swiss chipmaker STMicroelectronics NV reported a wider first-quarter loss Wednesday as sales sank across the board, and said it would lay off 1,200 people. The Geneva-based company said it lost $541 million, or 62 cents per share, in the quarter, compared with a year-ago loss of $84 million, or 9 cents per share.

February 15th, 2009 NEW DELHI - Holding a 'threshold has been crossed' with the Mumbai terror attacks, the Indian government hiked the allocation for defence by 34 percent to Rs.141,703 crore (Rs.1.417 trillion) in the interim budget for 2009-10 External Affairs Minister Pranab Mukherjee presented in the Lok Sabha Monday. The allocation is nearly 15 percent of the total interim budget of Rs.953,231 crore for the fiscal beginning April 1.

January 13th, 2009 NEW DELHI - Computer chipmaker Intel Corp's global investment arm Intel Capital has invested $23 million in three Indian companies, the firm said Wednesday. The investment is part of the $250-million Intel Capital India Technology Fund that the firm has set up.