Tag: stock
Obama Administration Announces U.S. Manufacturing Plan
by admin on Dec.25, 2009, under Manufacturing
The Obama administration will announce a push today for a $5-billion boost to a tax credit for green manufacturing, along with a seven-point plan to slow job losses at U.S. manufacturers.
The plans come as Vice President Joe Biden hosts business leaders this afternoon to talk over ways to boost jobs in a sector that employs fewer Americans now than it did in World War II.
The administration’s plans tout U.S. manufacturing as a source of strength for the economy in areas such as fuel-efficient vehicles and biotechnology. But the plan faces several tough hurdles to taking effect, including international trade, government spending and relations with China.
VW Seeks Stock-Sale Approval to Fund Porsche
by admin on Oct.16, 2009, under Automotive
Oct. 16 (Bloomberg) — Volkswagen AG, Europe’s largest carmaker, will seek shareholder approval to sell stock to help finance the purchase of Porsche SE’s sports-car operations.
Investors will be asked at an extraordinary meeting Dec. 3 to authorize the sale of as many as 135 million non-voting preferred shares in the next five years, Wolfsburg, Germany- based Volkswagen said today in a statement. The sale, which could raise as much as 10.5 billion euros ($15.6 billion) based on the preferred stock’s closing price yesterday, would begin in the first half of 2010.
