Onix buys into railroad equipment company Orix announced yesterday that it would be buying into China's first railroad equipment leasing company, reports China Business Daily. China Railway Materials & Supplies Corporation set up the new company with an investment of 20 million yuan to help increase investment in China's rail network, and it will provide rental and service for cars, control systems, and repair equipment. CRMSC has a 75% stake in the company, while Orix will take the remaining 25% in December. Link: http://dycj.ynet.com/article.jsp?oid=6405240   Kraft crackers taken off shelves Sales of Kraft's Pacific brand of seaweed-flavored soda crackers have been halted in Shanghai after bacteria were found to exceed standards, reports The Beijing News. An inspection by the Shanghai Food and Drug Administration found that E. coli was present in the crackers in numbers slightly above standards; the results of this inspection were 40 times higher than a second inspection performed by the national Administration. Kraft has not said whether it will recall the seaweed-flavored Pacific crackers. Link: http://www.thebeijingnews.com/news/2005/0923/05@003921.html   Yahoo China goes to Alibaba The Oriental Morning Post reports that yesterday afternoon 700 employees of Yahoo China paid a visit to Alibaba's headquarters in Hangzhou. It had been reported recently that nearly fifty employees of Yahoo China had left the company under the generous severence package proposed earlier this month by Alibaba head Jack Ma, but during the visit yesterday, Lu Weixin, spokesperson for Alibaba, said that 4% of Yahoo China, or around 30 employees, had left by 15 September. Alibaba is relatively satisfied with this figure, since other recent mergers have had attrition rates of around 20%, and IBM's PC business lost between 10% and 30% of its employees after Lenovo's purchase. Link: http://www.xinminweekly.com.cn/wxpd/caijing/gsdt/t20050923_660290.htm   Siemens' cuts not to affect China Southern Daily reports that the axing of 2400 employees worldwide by Siemens will not have an influence on its expansion plans for China. A Siemens spokesperson said that the company has not changed its intention to invest a further 1 billion euros and hire an additional 5000 employees in the Chinese market. The layoffs are meant as an economizing measure in underperforming areas and will take place primarily in Germany. China will see a small effect in its parts and distribution groups, which will be absorbed into other Siemens units in China. Link: http://www.southcn.com/finance/financenews/meiti/200509230485.htm