Tag Archives: shareholders

Renesas seeks loan guarantees from shareholders: report

TOKYO (Reuters) - Japan's Renesas Electronics Corp is asking major shareholders to provide loan guarantees after they balked at a plan to inject fresh capital, the Mainichi newspaper reported, tempering fears over the chipmaker's future. Shares of Renesas, the world's fifth-largest chipmaker, spiked nearly 20 percent on the news as investors took comfort that the ...

Renesas to approach shareholders for support Thursday: Nikkei

A receptionist is seated in front of a logo of Japanese chipmaker Renesas Electronics at the company headquarters in Tokyo

TOKYO (Reuters) - Japan's Renesas Electronics Corp will present a plan to Hitachi Ltd and other major shareholders on Thursday under which the loss-making chipmaker will seek to raise more than 100 billion yen ($1.3 billion) to pay for restructuring costs, the Nikkei newspaper said. Renesas, the world's largest maker of microcontroller chips for cars, ...

Renesas aims to sell chip plant, shed 12,000 jobs: source

The logo of Renesas Electronics is seen at its headquarters in Tokyo

TOKYO (Reuters) - Japanese chipmaker Renesas Electronics Corp plans to sell off loss-making operations and cut its payroll by at least 12,000, a source close to the matter told Reuters on Saturday, as the company battles high costs and nimbler foreign rivals. Sources also confirmed that Renesas, the world's largest maker of microcontroller chips for ...

Feeding frenzy for lawyers in botched Facebook IPO

(Reuters) - Facebook Inc's bungled initial public offering has gone from one of the most highly anticipated stock offerings to a hot legal opportunity for lawyers on both sides of shareholder litigation. Court battles over the fizzled IPO could run for years, as the social networking company, the banks that took it public and the ...

Shareholders sue Facebook, NYSE comes calling

In this photo illustration, a Facebook logo on a computer screen is seen through glasses held by a woman in Bern

SAN FRANCISCO (Reuters) - The fallout from Facebook Inc's messy initial public offering widened on Wednesday as shareholders sued the social network and its bankers while a trading firm revealed a massive loss on the shares and threatened to seek "remedies." The Nasdaq stock exchange also came under further pressure as a source close to ...

NVIDIA’s Kai strategy aims to make $199 quad-core Android tablets a reality

NVIDIA

NVIDIA CEO Jen-Hsun Huang previously mentioned that more Tegra 3-powered tablets would be coming to the market this summer, starting at the low price of $199. At the company's annual shareholders' meeting last week, vice president Rob Csonger revealed Kai, a plan to democratize its quad-core Tegra 3 system-on-a-chip. NVIDIA is looking to offer tablets ...

Nasdaq shareholders mum on Facebook IPO

NEW YORK (Reuters) - Not a single shareholder asked a question at Nasdaq OMX's annual meeting on Tuesday, just days after the exchange operator bungled Facebook's widely anticipated market debut, which helped launch the new stock into a three-day slide. When Nasdaq Chairman H. Furlong Baldwin called for questions at the Tuesday morning meeting in ...

Facebook Has Gone Public in More Ways Than You Might Think

Facebook has just become a publicly traded company -- and almost all of its privacy settings are being switched to "public," too, in a trade-off that Facebook is making for access to the stock market and potential windfall profits for its biggest shareholders.From http://news.yahoo.com/facebook-gone-public-more-ways-might-think-134953029.html