The UK’s fourth biggest supermarket Morrisons has “lost touch with its core customers”, claimed one leading city analyst, after the retailer reported total sales down by 0.5% over the six weeks to December 30 2012. ...
Tags: UK, supermarket, Morrisons, core customers
PTI quoted Directorate General of Shipping saying that private sector shipping company Pratibha Shipping, which has a fleet of nine oil tankers, is planning to either sell or scrap 5 vessels due to financial crunch. A DGS statement said ...
Tags: Pratibha Shipping, ships, shipping company, shipyards
UniFirst Corporation announced results for its fiscal 2013 first quarter, which ended November 24, 2012. First quarter revenues were $332.6 million, up 6.2% from $313.0 million in the year ago period. Net income for the quarter was $30.8 ...
Tags: UniFirst Corporation, fiscal 2013, first quarter, revenues
Hewlett-Packard CEO Meg Whitman has moved to reassure customers that the future of its Autonomy product line is safe, a day after HP disclosed an alleged accounting scandal at the company it acquired last year. "We remain 100 percent ...
Tags: HP, CEO, Meg Whitman, Autonomy product
Karolinska Development has said that a syndicate led by Rosetta Capital will acquire a minority share in Karolinska's holdings in 13 of its 25 portfolio companies for SEK 220m($33.5m). As part of the transaction, the company will transfer ...
Tags: Karolinska Development, transaction, portfolio company, technology assets
Nanometrics Inc of Milpitas, CA, USA (a supplier of process control metrology and inspection systems primarily for manufacturing semiconductors, high-brightness LEDs, data storage devices and solar photovoltaics) says that its board of ...
Tags: Nanometrics, stock, repurchase, semiconductors
The Board of Directors of Glaston Corporation has decided to start measures to strengthen the Company’s financial position. The Company is negotiating with the holders of the convertible bond issued in 2009 and debenture bond issued ...
Tags: Glaston Corporation, Financial Position, Software Solutions Business
UK-based insurer Aviva has agreed to sell its US life and annuities business and associated asset management operations Aviva US to Bermuda-based Athene for $1.8bn. The deal, however, will not include Aviva Investors' North American asset ...
Tags: Aviva, Athene, insurer, annuities business, associated asset management
Finding manufacturing partners, keeping it SIMPLE and SAFE How to protect my IP Rights? Register your intellectual property right(s) (IP rights) under your country's law. You can protect your Logo(s) and Slogan(s) under the Chinese Anti ...
Tags: Sourcing, China, Focus Vision
Li Ning Company Limited, one of the leading sports brand companies in China, announced that as part of its broader transformation plan disclosed in July this year, its Board of Directors has approved the management's proposal to launch a ...
Tags: Li Ning Company Limited, sports brand company, Apparel
The China LED industry has developed at a breakneck pace over the last two years, thanks largely to a clear government policy on solid-state lighting (SSL) and the inclusion of LED as one of the key areas of industry for development within ...
Tags: LED chip, LED packaging, China LED
Swedish automobile manufacturer Volvo has signed a loan agreement of €922m with China Development Bank to pay back present loans. The loan with maturity in 2020 is considered to be the first step of the agreement and is expected to ...
Tags: automobile manufacturer, Volvo, automobile, loans
HP CEO Meg Whitman has come forward to reassure customers that the future of its Autonomy product line is safe, a day after HP disclosed an alleged accounting scandal at the company it acquired last year. “We remain 100 percent ...
Tags: Autonomy, highlightedpost, HP, Meg Whitman
Renault has announced the sale of its complete shares in the AB Volvo group to reduce the debts and improve its financial position. The company is selling the shares which represent 6.5% of the total shares and 17.2% of the voting rights ...
Tags: Volvo Shares, Volvo group, Renault, Volvo
Nokia Siemens Networks is looking to sell its business support systems (BSS) unit to focus on its mobile broadband network equipment division. According to several reports – including Reuters and the Wall Street Journal – ...
Tags: Nokia Siemens Networks, business support systems, mobile