Romania likely to delay Bell helicopter project

Article Abstract:

Bell Helicopter Textron Inc.'s proposed helicopter development venture with the government of Romania is expected to be derailed on account of unavailability of sufficient funds. The Romanian government has expressed plans to temporarily shelve the helicopter development project due to its inability to secure funding from the International Monetary Fund and the World Bank. The project called for Romania and Bell Textron to produce 96 units of AH-1 RO attack helicopters, patterned after the AH-1W Supercobra of the US Marines, for use of the Romanian Army.

Comment:

Its proposed helicopter development venture w/ Romanian government is set to be derailed for lack of funds

Romania, Aircraft Manufacturing, Attack Helicopters, Bell Helicopter Textron Inc., Article

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Sony antes up its chips in bet on new game system

Article Abstract:

Sony Corp. announced that it is planning to make an approximately $1 billion investment in chip manufacturing facilities. The chips will be made for the company's new generation of PlayStation game machines. Sony said that it will launch its newest PlayStation in Japan and other countries during the year beginning on April 1, 1999. The company will invest 50 billion yen ($410.4 million) in a joint venture with Toshiba Corp. to make the microprocessing chips.

Comment:

Planning make an approximately $1 billion investment in chip manufacturing facilities

Semiconductors and related devices, Semiconductor Devices, Semiconductor and Related Device Manufacturing, Japan, Sony Corp.

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Ikea plans to open Moscow store, its first in Russia

Article Abstract:

Ikea AB is planning to open its first store in Russia by March 2000. Ikea is the largest retailer of furniture in the world. The company is planning to open a store worth $40 million (37.7 million euros) at Moscow's northern edge. Ikea's retail strategy for Russia will be greatly influenced by the success of the new store. The Swedish firm is considering opening more stores in Russia if the Moscow store proves to be successful.

Furniture Stores, Russia, Planning, Buildings and facilities, Ikea AB

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