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.

 

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Page Two - California News

MATTEL ACQUIRES FRENCH GAME COMPANY GLOBAL DEMAND FOR CAL ALMONDS FALLS DISNEY TO LAUNCH TV CHANNEL IN RUSSIA GOLDEN SPOON ENTERS THE GLOBAL MARKET PORT OF STOCKTON EXPANDS ITS FTZ NETSUITE GOES LIVE IN SINGAPORE CHINA’S TASTE FOR CAL WINE GROWS

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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