Business news with word "envelops". Total: 3 news. (today)

NIPPON Sheet Glass Co, the world's second-largest maker of glass used in cars and buildings, aims to raise as much as 50 billion yen (US$454 million) from the sale of its 50-percent stake in a television-centered venture. Five insiders made the revelation to Bloomberg News, saying the first round of bidding was expected to close today. They asked not to be identified because the plan isn't public. Hoya Corp, Japan's largest maker of optical glass, owns the other half of Yokohama, Japan-based NH Techno Glass Corp. Nippon Sheet Glass shifted its focus to glass for windows and automobiles after paying 1.8 billion pounds (US$3.7 billion) last year for St Helens, England-based, Pilkington Plc, the world's largest windshield maker. NH Techno Glass supplies glass that envelops liquid crystals used in flat panels for televisions, and has a five-percent market share, according to DisplaySearch. "Nippon Sheet Glass is in an important phase of global expansion," said Yuuki

FT.com - Stock markets on both sides of the Atlantic concluded their worst week in months on Friday as deepening economic gloom raised expectations that the US Federal Reserve would be forced to cut rates again in the face of mounting credit losses.

Stock markets on both sides of the Atlantic concluded their worst week in months as deepening economic gloom prompted investors to ratchet up bets that the US Federal Reserve would be forced to cut rates again in the face of mounting credit losses