Auction for A123 Systems Won by Wanxiang Group of China

DETROIT — Wanxiang Group, a large Chinese auto parts maker, won a high-stakes auction on Sunday for assets of A123 Systems, the bankrupt American battery maker that was a centerpiece of the Obama administration’s loan program for electric vehicles. A123, which filed for bankruptcy in October after chronic losses and a damaging battery recall, said Wanxiang agreed to pay $256 million for its...

Read More..

Morsi Extends Compromise to Egyptian Opposition

Tara Todras-Whitehill for The New York TimesProtesters against President Mohamed Morsi next to a destroyed barricade near the presidential palace in Cairo on Saturday. More Photos »CAIRO — Struggling to quell violent protests that have threatened to derail a referendum on an Islamist-backed draft constitution, President Mohamed Morsi of Egypt moved Saturday to appease his opponents with a package...

Read More..

Synacor partners with Zynga to bring social games to pay TV

(Reuters) – Synacor Inc, partly owned by Intel Corp, said it partnered with Zynga Inc to allow pay TV and broadband providers offer social games to their customers.Zynga shares rose about 3 percent to $ 2.30 in premarket trading, while Synacor shares were up about 5 percent at $ 6.60.Synacor said certain pay-TV subscribers will get in-game currency each month as part of their subscription that can...

Read More..

Manziel is first freshman to win Heisman Trophy

NEW YORK (AP) — He's Johnny Best in Football now — and a freshman, at that.Texas A&M quarterback Johnny Manziel became the first newcomer to win the Heisman Trophy, taking college football's top individual prize Saturday night after a record-breaking debut.Notre Dame linebacker Manti Te'o finished a distant second in the voting and Kansas State quarterback Collin Klein was third. In a Heisman...

Read More..

Doping at U.S. Tracks Affects Europe’s Taste for Horse Meat

PARIS — For decades, American horses, many of them retired or damaged racehorses, have been shipped to Canada and Mexico, where it is legal to slaughter horses, and then processed and sold for consumption in Europe and beyond. Christinne Muschi for The New York TimesA slaughterhouse in Saint-André-Avellin, Quebec, where meat is processed for sale in Europe. ...

Read More..

You for Sale: Company Envisions ‘Vaults’ for Personal Data

Peter DaSilva for The New York TimesMichael Fertik, the founder and chief executive of Reputation.com, at its offices in Redwood City, Calif., where he has amassed a database of information collected on millions of consumers. “YOU are walking around naked on the Internet and you need some clothes,” says Michael Fertik. “I am going to sell you some.” Naked? Not exactly, but close. Mr....

Read More..

Business Briefing | Fraud: Fraud Accusation by Solar Panel Maker

A Chinese solar panel maker, Suntech Power Holdings, already under pressure from the collapse in the price of its products, said an internal investigation had determined that the company was defrauded by a partner in a solar development fund. As a result, Suntech will reduce its 2010 net income by $60 million to $80 million, it said. The accusation involves a Luxembourg investment fund, GSF Sicar,...

Read More..

Te'o and Manziel hit Manhattan with Heisman hopes

NEW YORK (AP) — Notre Dame linebacker Manti Te'o was looking forward to a break after a five-city-in-five-days tour, during which he has become the most decorated player in college football."I'm just trying to get a workout in and get some sleep," he said Friday about his plans for the night.Texas A&M quarterback Johnny Manziel seemed to have more energy when he arrived at a midtown Manhattan...

Read More..

Senate Passes Russian Trade Bill, With a Human Rights Caveat

WASHINGTON — The Senate voted on Thursday to finally eliminate cold war-era trade restrictions on Russia, but at the same time it condemned Moscow for human rights abuses, threatening to further strain an already delicate relationship with the Kremlin. Jacquelyn Martin/Associated PressSenators Ben Cardin of Maryland, left, John McCain of Arizona and Roger Wicker of Tennessee, right, at...

Read More..

Manning leads Broncos past Raiders 26-13

OAKLAND, Calif. (AP) — Everyone on the outside might be focusing on Peyton Manning setting more records and the Denver Broncos getting an eighth straight win to move a step closer to a first-round bye.Manning is focused on much smaller goals — showing improvement week to week.The Broncos managed to do just that in a short week as Knowshon Moreno sparked a struggling running game with 119 yards and...

Read More..