Clearwire Begins Global Roaming Collaboration with WiMAX Operators

Memorandum of Understanding Lays Foundation for Global Roaming Capabilities with UQ Communications of Japan and Yota of Russia

Clearwire Communications, LLC, an operating subsidiary of Clearwire Corporation (NASDAQ:CLWR), announced that it has signed a memorandum of understanding (MOU) with WiMAX operators UQ Communications of Japan (UQ) and Yota of Russia that identifies the objectives and activities each operator will perform towards the realization of establishing WiMAX roaming between the operators.

About Clearwire

Clearwire Communications, LLC, an operating subsidiary of Clearwire Corporation (NASDAQ:CLWR), offers a robust suite of advanced high-speed Internet services to consumers and businesses. As part of a multi-year network build-out plan, Clearwire’s 4G service, called CLEAR™, will be available in major metropolitan areas across the U.S., and bring together an unprecedented combination of speed and mobility. Clearwire’s open all-IP network, combined with significant spectrum holdings, provides unmatched network capacity to deliver next-generation

...

Daimler AG (DAI) aims to close down 2 plants at its Japanese truck unit Mitsubishi Fuso, resulting in a reduction of 2,300 positions.

Daimler stated that its Mitsubishi Fuso division would shut a bus production plant at Oye near Nagoya in Japan by mid-2010 and also close a truck plant near Bangkok in Thailand by the end of 2009.

The company also indicated that it would restructure its retail network in Japan to adjust capacity to a weakening market.

The above-mentioned jobs cuts at Mitsubishi Fuso would be carried out through voluntary leave, retirement, and other means.

Daimler also said that its overall fixed costs would be reduced by 25% as a result of its latest actions.

Meanwhile, Daimler, a Zacks #4 Rank ("Sell") company, dipped almost 5% today on low volume of 233,000, against the daily average of 829,000.

"DAI" Free Stock Analysis: Buy? Sell? ...

Joining a chorus of ailing U.S. automakers, Toyota Motor Co. (TM) yesterday (Monday) forecast its first operating loss in 71 years on plummeting demand and sharp appreciation of the Japanese yen. The announcement prompted Moody’s Investors Service to consider downgrading the company’s top-rated credit.

But the news may have bigger implications for Japan’s entire economy, as the country’s exports continue to take a beating from sagging worldwide demand for its products.

Japanese exports plunged 26.7% in November from a year ago. Shipments to the U.S. slid an unprecedented 34%, Japan’s Finance Ministry said. A strong yen, which makes Japanese goods more expensive, combined with deflated consumer spending, is hammering Japanese exporters.

Toyota will post a $1.7 billion (150 billion yen) loss in the year through March, it said in a statement, scrapping a previous forecast of a $6.6 billion. The last time Toyota posted an operating loss

...

Asia Hedge FundsAsia Hedge Fund GuideHere is a short collection of articles on the hedge fund industry in Asia. I am always looking for more valuable online tools and resources to add to these geographical hedge fund guides to the hedge fund industry. If you have a white paper or PowerPoint that I can include here please send me an email and I will post it for everyone's benefit.Resources on the Hedge Fund Industry in AsiaGreat, in dept overview of hedge funds in Asia.Top 25 Hedge Fund performers of AsiaHedge Funds are by reputation a risky and esoteric investment category that ordinary investors had best avoid. But don't repeat ...