China pays steep price as textile exports boom: suppliers to U.S. stores accused of dumping dyes to slash their costs
Article Abstract:
The illegal dumping of dyes directly into river waters emphasizes the economic and environmental complexities of China's textile industry. China officials and environmental activists cite demands by multinational corporations for increasingly lower textile prices as the reason behind the nation's pollution problems, as factories attempt to keep expenses down by avoiding wastewater treatment costs.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Lenovo to drop the IBM logo; profit surge foretells growth
Article Abstract:
Fiscal second-quarter net profit for Lenovo Group Ltd. nearly tripled, rising to $105.3 mil and $1.12 per share and exceeding analyst expectations. Revenue for the China-based computer company increased 20% to $4.43 bil. Lenovo announced that it would be eliminating the IBM logo on its products in order to focus on a single global brand.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Comment about this article or add new information about this topic:
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