Ford sees Volvo sale to Geely finalized in early next year
Ford Motor Co expects to complete the Volvo sale to Geely Group in early next year pending financing and government approvals. Analysts estimate Volvo’s price at 2 to 2.3 billion dollars. Ford aims to focus on Ford, Lincoln and Mercury brands amid a recovering finances.
MENTIONED IN THIS ARTICLE
Stockholm
Ford Motor Co
Volvo
Uss
Dearborn
Mich
China
Geely Group
Ford
Geely
Matts Carlson
Alan Mulally
Chrysler
General Motors
U.S
Lincoln
Mercury
Mark Truby
Truby
Michaels to close Elyria Midway Mall location
Michaels Stores Inc will shutter its craft store on Midway Boulevard in Elyria on January 30. The Avon location remains open as the company realigns its store portfolio, citing annual strategic decisions and past openings in 2009. The Elyria store offered floral, home decor, scrapbooking and painting supplies. Officials did not comment, but a press email outlined the planned closure.
MENTIONED IN THIS ARTICLE
Elyria
Michaels
Midway Boulevard
Toys R Us
Irving
Texas
Corporation
Lance Weibye
Michaels Stores Inc
Cleveland
Detroit Road
Avon
Court Bans Sale of Word Infringes i4i Patent
A federal appeals court upheld a lower court ruling that Microsoft Word infringed i4i patent and must stop selling Word and pay 290 million dollars. The injunction takes effect January 11, with prior Word and Office versions unaffected. Microsoft will remove the XML editing feature in post January 11 Word 2007 and Office 2007. i4i founder Michel Vulpe hailed the decision as protecting small inventors. Microsoft may appeal to rehear or seek Supreme Court review.
MENTIONED IN THIS ARTICLE
Seattle
Microsoft Corp
Word
Microsoft
U.S
I4i Inc
Texas
Microsoft Word
U.S. Court of Appeals For the
Federal Circuit
Michel Vulpe
I4i
Office
Redmond
Wash
Legal action could delay Cedar Fair sale to Apollo
Four lawsuits in Erie County court claim Cedar Fair unitholders are being shortchanged by the 2.4 billion deal with Apollo Global Management. Plaintiffs from Ohio Indiana Connecticut and Connecticut allege the 11.50 per unit offer undervalues Cedar Fair and could trigger up to 19.5 million in seller protections. The suits seek to halt the deal until legal issues are resolved and may be consolidated into a class action.
MENTIONED IN THIS ARTICLE
Sandusky
Cedar Fair
Apollo Global Management
Erie County Common Pleas Court
Mary Denslow
John R. Spray
Indiana
Todd Miller
Connecticut
Kenneth Loiselle
Milford
Joseph J. Braun
Frole
D. Thomas Rengel
Denslow and
Spray
Apollo
William Flynn
Loiselle and
Braun
Erie County Common Pleas
Tygh Tone
Tone
Roger Binette
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Louise Nordstrom
Associated Press
Steve Manheim
Chronicle
Lisa Roberson
Chronicle-Telegram
Iroberson
Chroniclet.com
Jessica Mintz
Denslow and Spray
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