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EU Slams Intel with Record Fine

Commission upholds charges that the global giant illegally squeezed out its rivals for the European chip market

SANTA CLARA – 05/20/09 – Giant microchip maker Intel has been slapped with a record $1.45 billion fine following an eight-year investigation by the European Commission, which found that the California-based firm ''violated EU competition rules by exploiting its dominant position with a deliberate strategy to shut out'' its rivals for European business, particularly Advanced Micro Devices; Intel ''takes strong exception'' to the ruling and says it will appeal to the EC courts in Luxembourg.


''Stronger'' Sino-US Trade Ties Urged


WASHINGTON, DC – 04/28/09 – China’s Commerce Minister, Chen Deming, has called for stronger trade relations between China and the US and a joint effort by both countries to battle protectionism; the Chinese official’s visit to Washington, DC coincided with the signing of more than 30 business contracts valued at billions of dollars between members of a Chinese business delegation and a number of US-based firms.


Port of Long Beach Expansion Deal Approved


LONG BEACH – 04/15/09 – The Port of Long Beach Harbor Commission has given the go-ahead to a $750 million, 10-year project that will modernize a pair of older shipping terminals at the port, create about 14,000 new permanent jobs, and cut air pollution at those terminals by 50% or more from existing levels; the Middle Harbor Redevelopment Project; the project would create ''the most environmentally responsible shipping terminal anywhere in the world,'' says Long Beach Port Executive Director Richard Steinke.


 

See All Previous Front Page Stories

 

 Page Two - California News 

 

 PR Newswire


 

 Opinion 

 

"Is the New President a Protectionist?"


Heather Stewart, The Observer, 1/25/09


''Give it a Break''


Business Standard of New Delhi, 12/22/08


  
 

Profiles

Up, Up and Away: Moller International


DAVIS - Untold visionaries from Jules Verne to George Lucas have been fascinated with the idea of personal-use aircraft that would be as simple and safe to use as a bicycle; an expatriate entrepreneur engineer from Canada has made that vision a reality with the development of the SkyCar, a vertical takeoff/landing (VTOL) aircraft for those who want to make waiting in freeway traffic jams a thing of the past.


 

Calendar

The latest news on trade-related events, conferences, and seminars across the state, the nation, and the world. 


 



 



 

 


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