Mitsubishi takes ownership of Renesas fab
EDN
Mitsubishi Electric is in the process of obtaining buildings and manufacturing facilities from Renesas as it sharpens its focus on power devices for the inverter controller equipment market and increases production capability for 6-inch wafers while adding capability for 8-inch wafers.
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The other housing rescue starts today
CNN Money
Amidst all the chaos surrounding the $700 billion Wall Street bailout plan, the federal government's other housing rescue program quietly opened for business Wednesday.
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WaMu CEO, 5 other execs are leaving
CNN Money
The CEO of failed Washington Mutual Inc. and five other senior executives of the largest U.S. thrift, now owned by JPMorgan Chase & Co., are leaving their positions soon.
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