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A security guard walks past cars in a Geely Automobile Holdings Ltd. factory in a Shanghai suburb September 28, 2006.REUTERS/Aly Song

China in auto power play

It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu.  Commentary 

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Infineon shares up over 5 percent on takeover talk

FRANKFURT
Fri Jul 4, 2008 6:11am EDT

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Infineon's BGA728L7 low noise amplifier in an undated photo. Shares in the German chipmaker rose on Friday, with traders citing unspecified takeover rumors. REUTERS/Handout

FRANKFURT (Reuters) - Shares in German chipmaker Infineon (IFXGn.DE) rose more than 5 percent on Friday, with traders citing unspecified takeover rumors.

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At 5:23 a.m. EDT, Infineon traded 5.5 percent higher at 4.875 euros. It was the leading gainer in Frankfurt's top-30 DAX index and also outperformed the DJ Stoxx European technology index, which was up 0.7 percent.

(Additional reporting by Amanda Cooper and Sitaraman Shankar in London and Blaise Robinson in Paris)

(Reporting by Peter Starck)
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