Lithium – Reuters reported that Wanxiang Group Corp.'s plan to acquire A123 Systems Inc. (OTC Pink:AONEQ), which filed for Chapter 11 bankruptcy protection last month, has been approved by China's government. The deal must still be approved by the US government and is contingent on whether A123 receives better bids at an auction next month.
Lithium – Bloomberg Businessweek reported that after receiving final approval from a Delaware-based judge, lithium-ion battery maker A123 Systems Inc. (OTC Pink:AONEQ) will receive $50 million in bankruptcy financing from Wangxiang Group, a Chinese auto-parts manufacturer.
Uranium Investing News and U3O8.biz reports global markets hit by Wall Street’s recent turmoil and bail-out plans. According to Tradetech, as the credit crisis grew, so did spot uranium supply, as sellers flooded the market with material in efforts to raise cash. The game continues today, with sellers hoping that a quiet entry into the market [...]
Lead Investing News reports the lastest of the stock market crash since the Great Depression. The American housing market crisis has left many firms unprotected and over-leveraged: the bankruptcy of global investment bank Lehman Brothers has created a sharp market downturn as investors fear more decreases in their stock values in the coming days. For [...]
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