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Business briefs: April 15
Posted: Tue, Apr 16, 2002, 6:44 AM ET (1044 GMT)
- An Ohio court postponed a ruling on a motion filed by Northrop Grumman that would prevent TRW from invoking the state's strong anti-takeover laws. The court said that it would delay its decision until after TRW shareholders vote on the proposal April 22. Ohio has some of the strongest laws in the nation to protect companies from hostile takeovers.
- Russia is reconsidering its participation in a joint venture to launch Soyuz-derived boosters from Australia's Christmas Island, AFP reported Monday. Russian officials are reportedly concerned about Australian plans to construct a detention facility on the island for asylum-seeking immigrants, fearing that the center's presence would jeopardize safety and security. The officials are also apparently opposed to Australian plans to subject all incoming Russian shipments to the island to customs inspectors.
- A Japanese company that makes ramen noodles said Monday that it is working on a version of its product for use on the International Space Station. Nissin Food Products, which markets its products in the US under the brand name Cup Noodle, said there have been "growing calls" among Japanese astronauts for such a product.
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