Subscribe free to our newsletters via your




TRADE WARS
Chinese regulators visit Microsoft offices: Dow Jones
by Staff Writers
Beijing (AFP) July 28, 2014


Bankruptcy court approves Fisker sale to Chinese firm
Washington (AFP) July 28, 2014 - A bankruptcy court has approved the sale of one-time star electric carmaker Fisker Automotive to the Chinese auto parts group Wanxiang, the US firm said Monday.

California-based Fisker said it received approval from the bankruptcy court in Delaware of its sale for $149.2 million.

The group filed for bankruptcy protection in November, months after laying off most of its workforce.

Fisker was started in southern California in 2007 by former Aston Martin and BMW designer Henrik Fisker and German business partner Bernhard Koehler.

While it did not have the expected success with its sleek hybrid Karma sports car -- which it billed as "a bold expression of uncompromised responsible luxury" -- the $100,000 vehicle did attract interest from the likes of stars such as Justin Bieber, Leonardo DiCaprio and Ashton Kutcher.

Fisker turned into a political liability for President Barack Obama's administration because it received US government loans to promote green car technology.

Officials from China's corporate regulator paid visits Monday to software giant Microsoft's offices in four cities in the country, Dow Jones Newswires reported, citing people familiar with the matter.

Microsoft offices visited by China's State Administration for Industry and Commerce were in Beijing, Shanghai, Guangzhou and Chengdu, Dow Jones said, citing one of the people with knowledge of the situation, who also said that some employees were questioned.

The report did not give the names or affiliations of the people it cited. Dow Jones said the reasons for the visits were unclear.

The company has not been publicly accused of wrongdoing, the report said.

According to the report, Microsoft issued a statement saying: "We aim to build products that deliver the features, security and reliability customers expect. We will actively cooperate with the government department's inquiry and answer related questions."

AFP could not immediately reach Microsoft for comment.

Dow Jones added that the State Administration for Industry and Commerce is China's corporate registry and also has some marketing and antitrust responsibilities.

It could not be reached late Monday for comment, Dow Jones said.

Microsoft, which is based in Redmond, Washington, said in May it would maintain efforts to gain approval in China for Windows 8 after Beijing announced a ban on the operating system on all new government computers.

News of the prohibition came amid a diplomatic row over an indictment in the United States of five members of a shadowy Chinese military unit for allegedly hacking US companies for trade secrets.

Foreign companies in China periodically draw scrutiny from regulators and state media.

Regulators have carried out aggressive probes into alleged corruption at foreign drug companies, including Britain's GlaxoSmithKline.

And state media periodically carry reports criticising foreign firms over issues such as service and pricing, with companies including tech giant Apple and coffee icon Starbucks having drawn such attention.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





TRADE WARS
China's Xi eyes increased investment in Cuba
Havana (AFP) July 22, 2014
Chinese President Xi Jinping visited Cuba on Tuesday to expand investment in the fellow communist nation, his last stop on a four-country Latin American charm offensive. Cuba, the only one-party communist state in the Americas, began opening up its economy in 2008, but has not grown as much as hoped and could desperately use more Chinese investment. Xi for his part has made a point durin ... read more


TRADE WARS
Fukushima monkeys show possible 'effects of radiation'

Nepal Army gets emergency bridge kits

Death toll rises, blackouts remain in Philippines after typhoon

Investigators struggle to reach MH17 crash site in strife-torn Ukraine

TRADE WARS
Russian GLONASS to Boost Yield Capacity by 50 percent

US Refusal to Host GLONASS Base a Form of Competition with Russia

New device developed to defeat GPS jamming

EU selects CGI to support Galileo Commercial Service Initiative

TRADE WARS
Study cracks how the brain processes emotions

Neandertal trait raises new questions about human evolution

Low back pain? Don't blame the weather

Virtual crowds produce real behavior insights

TRADE WARS
Alaska frogs reach record lows in extreme temperature survival

Biologist says 6th grade science project stole his lion fish research

Woodrats subsist on toxic plants thanks to gut microbes

Atlantic salmon also show capacity to adapt to warmer waters

TRADE WARS
Poland suffers first cases of African swine fever in pigs

South Africa targets screening whole population for AIDS

Town 'sealed off' after man dies of plague in China

New report shows MERS virus may be airborne

TRADE WARS
China censors squash giant inflatable toad reports

Chinese blogger given 6.5 years for 'rumour-mongering'

China domestic abuse victims voiceless as network disbands

China's rich pimp their planes as jet market takes off

TRADE WARS
Chinese fish farmer freed after Malaysia kidnapping

US begins 'unprecedented' auction of Silk Road bitcoins

Malaysian navy foils pirate attack in South China Sea

NATO anti-piracy ops until 2016

TRADE WARS
China approves three private banks: regulator

China avoids second corporate bond default: report

Angry Bitcoin investors demand answers at Tokyo creditors' meet

China Jan-June FDI rises 2.2%




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.