Alongside the big American name artists the Berlin Jazz Festival also increasingly presents musicians from all quarters, artists whose music centres on crossing the borders between local folk traditions and global sounds and trends.
Ford Agrees to Sell Volvo to a Fast-Rising Chinese Company. HONG KONG â Ford Motor reached an agreement on Sunday to sell its Volvo subsidiary to a Chinese conglomerate, in the clearest confirmation yet of Chinaâs global ambitions in the auto industry. The Zhejiang Geely Holding Group, based in Hangzhou, agreed to pay $1.8 billion for Volvo, with $1.6 billion in cash and the rest in a note payable to Ford. Ford paid $6 billion in 1999 to acquire Volvo, leaving the company with a substantial loss on its investment.
The Third Circuit panel premised Cybergenics II upon Hartford Underwriters Insurance Co. v. Union Planters Bank, issued by the Supreme Court in 2000. Hartford Underwriters espoused a âplain meaning approachâ to the Bankruptcy Code, interpreting the language âthe trustee mayâ to be an exclusive grant of power. In this case, an individual creditor had unilaterally commenced an action seeking direct compensation for services that it performed for the benefit of a bankruptcy estate.