Business news for Mon, 24 Dec 2007 & with word net. 7 news.

APPLIANCE maker Sichuan Changhong Electrical Co yesterday bid for a 29.92-percent stake in Huayi Compressor Co to expand its business. The TV company said in a statement to the Shanghai Stock Exchange yesterday that it would acquire 91.7 million shares from Huayi's parent Huayi Electrical Appliance General Co via an auction. The Jiangxi-based Huayi, which produces compressors for air conditioners and refrigerators, was suspended from trading in the Shenzhen stock market since December 14 when it announced the auction plan. The 91.7 million shares are valued at 956 million yuan (US$129 million) based on its closing share price of 10.42 yuan per share on December 13. Changhong wasn't traded yesterday, and its closing price on Friday was 8.45 yuan. Share price of the Shanghai-listed company has doubled this year. Changhong's net profit in the first nine months of this year totaled 340 million yuan, jumping 39 percent from a year earlier on the booming electronics market.

Interstate Bakeries Corp. reported drops in revenue and net losses for the four-week period that ended Nov. 17, compared with the previous four weeks.

WASHINGTON (MarketWatch) -- Orion Energy Systems Inc. said underwriters have exercised their over-allotment options, putting the total size of the company's initial public offering at more than 8.8 million common shares. Net proceeds of about $78.8 million will be used for working capital and general corporate purposes, including funding potential acquisitions, the Plymouth, Wis.-based energy-management company.

Continuing with a new model of on-air/online campaigns, TBS is running a holiday effort with Home Depot. They run during the net's "Breakroom" afternoon comedy block. It's the first time sponsorship has been customized with a micro site.

APPLIANCE maker Sichuan Changhong Electrical Co today bid for a 29.92 percent stake in Huayi Compressor Co. China's second-biggest TV maker said in a statement to the Shanghai Stock Exchange today that it would acquire 91.7 million shares from Huayi's parent Huayi Electrical Appliance General Co via an auction. The Jiangxi-based Huayi, which produces compressors for air conditioners and refrigerators, has been suspended from trading on the Shenzhen stock market since December 14 when it announced the auction plan. The 91.7 million shares are valued at 956 million yuan based on its closing share price of 10.42 yuan a share on December 13. Changhong wasn't traded yesterday and its closing price on Friday was 8.45 yuan. The share price of the Shanghai-listed company has doubled this year. Changhong's net profit in the first nine months of this year was 340 million yuan, jumping 39 percent from a year earlier on the booming electronics market and investment income. The

China has proposed lifting millions of its citizens out of the income tax net to ease the burden on low-wage earners amid rising inflation, state press said Sunday.

Some episodes of the drama about a group of good-looking people in their 20s have yet to attract 100,000 video views.