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WASHINGTON-Friday, August 25th 2017 [ AETOS Wire ]
(BUSINESS WIRE)-- Following new allegations about the conduct of British American Tobacco (BAT) in Africa – published today by The Guardian – the Campaign for Tobacco-Free Kids is urging the U.S. Department of Justice and the U.S. Securities and Exchange Commission to investigate BAT and its subsidiaries for possible violations of the anti-bribery and accounting provisions of the Foreign Corrupt Practices Act (FCPA). Tobacco-Free Kids requested the investigation in a letter today to the two government agencies.
British American Tobacco has faced mounting allegations that the company engaged in widespread bribery and corruption in Africa to gain advantage over competitors and stifle government efforts to curb smoking. Earlier this month, the U.K. Serious Fraud Office (SFO) formally launched an investigation of BAT on suspicions of corruption.
An investigative report published on August 18, 2017 by The Gu ... Read more »

CHIBA, Japan-Friday, August 25th 2017 [ AETOS Wire ]

(BUSINESS WIRE)-- SII Semiconductor Corporation (President: Nobumasa Ishiai, Head Office: Chiba-shi, Chiba; hereinafter “SII Semiconductor”), a subsidiary of Seiko Instruments Inc. (President: Hitoshi Murakami, Head Office: Chiba-shi, Chiba; hereinafter “SII”), that manufactures and sells semiconductors today announced that the company will change its company name to ABLIC Inc. in January 5, 2018.

SII Semiconductor was established in September 2015. Through a joint investment by Development Bank of Japan Inc. (President & CEO: Masanori Yanagi, Head Office: Chiyoda-ku, Tokyo; hereinafter “DBJ”) in January 2016, SII Semiconductor has deployed and expanded its business by succeeding the SII’s semiconductor business. Currently the equity of SII Semiconductor is split to 60% for SII and 40% for DBJ, but SII will transfer its 30% of the equity to DBJ and DBJ wi ... Read more »

NEW YORK-Friday, August 25th 2017 [ AETOS Wire ]

(BUSINESS WIRE)-- Today, WeWork Companies (“WeWork”) announced an agreement for a $4.4 billion investment from the SoftBank Group (“SoftBank”) and the SoftBank Vision Fund (“Vision Fund”).

This investment will accelerate WeWork’s ability to connect more people to WeWork's global community, which currently stands at approximately 150,000 members, as well as further expand WeWork’s physical presence across the globe.

“Masayoshi Son is a visionary business leader and we are humbled by this strong endorsement of our mission and purpose,” said Adam Neumann, Co-Founder and CEO of WeWork. “This support from SoftBank and the Vision Fund will provide even more opportunities for creators as we set out to humanize the way people work and live.”

“WeWork is leveraging the latest technologies and its own proprietary data systems to radi ... Read more »

 ● Jason Luo is named chairman and CEO of Ford China, leading the company’s operations in Greater China, including its import business, Lincoln Motor Company and joint venture operations

● Dave Filipe is appointed vice president, Powertrain Engineering, succeeding Bob Fascetti who has elected to retire

DEARBORN, Mich.-Friday, August 25th 2017 [ AETOS Wire ]

(BUSINESS WIRE)-- Ford Motor Company today announced a new chairman and CEO of Ford China and head of Powertrain Engineering as it continues to strengthen its global leadership team.

Jason Luo is named chairman and CEO Ford China. In his new role, Luo will lead all of the company’s operations in Greater China including its import business, Lincoln, its passenger car joint venture Changan Ford, commercial vehicle investment in Jiangling Motors Corporation, and our operations in Taiwan.

Luo, 51, joins Ford from Key Safety Systems, the fastest growing company in the automotive ... Read more »