HP aims for efficiency
Hewlett-Packard Co wants to become a global leader in improving corporate energy efficiency. The Palo Alto-based computer and printer maker said on Wednesday that it plans to reduce its global energy consumption 20 percent over the next three years, based on 2005 energy use levels. HP plans to cut energy use by as much as 30 percent for some printers and 50 percent for some computer servers. It pledged to reduce carbon dioxide emissions from facilities. The initiative follows other high-profile efforts by large technology companies such as IBM.
Intel unveils new CPUs
Intel Corp has unveiled details of a new lineup of processors slated for production later this year that promise a performance boost and energy savings because of the transition to a new manufacturing technology. Intel plans to introduce six different types of processors, including processors with four computing cores boasting 820 million total transistors. Intel is also using new materials in the transistors that prevent electric current from leaking out, which in turn extends the battery life in laptops. Intel on Wednesday also disclosed some plans for its next-generation chip design, scheduled to go into production in next year.
EU sues Spain over E.ON
The European Commission decided on Wednesday to launch a second lawsuit against Spain for blocking a bid by German energy group E.ON for Spanish firm Endesa in a growing standoff between Brussels and Madrid. Spain has defied repeated requests by the EU's executive arm for it to lift conditions it has imposed on E.ON's takeover bid for electricity group Endesa. The Spanish energy regulator CNE has set a number of requirements for E.ON, including that it must conserve for five years the Endesa name of the biggest Spanish electricity generator. Other requirements are that Spanish coal be used in power stations and that certain assets cannot be sold.
Boeing to unveil 787
Boeing Co said on Wednesday its new 787 Dreamliner aircraft would be unveiled on July 8, with its first test flight set for August and initial delivery on track for May next year. A spokesman for the US aerospace giant said a public presentation would be held at an assembly facility in Everett, Washington state. The plane is set to be Boeing's biggest commercial success, with 391 orders from 39 airlines since the launch announcement in April 2004. That would mean as much as US$75 billion in sales at list prices.
Sapporo fights takeover
Japanese brewer Sapporo Holdings won support from its shareholders yesterday for proposed anti-takeover defenses as it tries to fend off a buy-out attempt by US hedge fund Steel Partners. About two-thirds of the shareholders in Japan's third-largest brewer voted for the proposed "poison pill" measures at an annual meeting in Tokyo, the company said. The result was a blow to Steel Partners' Japan Strategic Fund, Sapporo's top shareholder, which had urged investors to vote down the proposal as it seeks a controlling stake in the brewer. The hedge fund, which hopes to raise its 18 percent stake in Sapporo to 66.6 percent, said it was "disappointed" by the outcome.