Sharp has been bailed out by the banks to the tune of $4.6bn. Mizuho Corporate Bank and the Bank of Tokyo-Mitsubishi are to put up $2.3bn in loans and extend a $2.3bn revolving credit facility. Sharp has debts of $12.76bn, of which ...
Tags: Sharp, Mizuho Corporate Bank, collateral, debts, lay off
Sumeet Industries Ltd has informed that the Board of Directors of the Company at its meeting held on October 08, 2012, has taken place the following business: 1. Funds Raising Program The Company has recently completed its 180.00 Crores ...
Tags: Sumeet Industries, Board of Directors, meeting, Funds Raising Program
Economic Times cited a top industry official as saying that the country is likely to import around 15 million tonnes of iron ore this financial year following the virtual halt of mining operations in different parts of the country. Mr ...
Tags: iron ore, mining operations, Federation of Indian Mineral Industries
Stating that the worst is over for the Indian economy, financial major Citigroup said the country is likely to clock a growth rate of 5.4% in 2012-13 fiscal year. Citigroup in a research report said that "Going forward, while we maintain ...
Tags: indian economy, fiscal year, GDP
In the midst of a gloomy GDP growth scenario, an ASSOCHAM business confidence survey has indicated that the slowdown is about to bottom out, but it may get a little worse before it gets better in the last quarter of the current financial ...
Tags: GDP, current financial year, business confidence survey
Business Standard reported that according to the Sponge Iron Manufacturers Association, the recent clamp down on miners by the Odisha government is likely to affect India’s sponge iron production by around 15% in the current financial ...
Tags: Sponge Iron Manufacturers Association, India, iron production, iron
US retailer Supervalu, battling to revitalise its business, has decided to close around 60 stores. Supervalu, which has a network of about 4,400 outlets across the US, said it would shut the "under-performing or non-strategic stores" in ...
Tags: Supervalu, under-performing stores, non-strategic stores
US retailer Supervalu Inc has appointed Bill Parker as interim president of its Farm Fresh food and pharmacy banner. Parker will take the helm of the 43-store division on 15 September, replacing Gaelo de la Fuente who is leaving the ...
Tags: Supervalu, Bill Parker, interim president, Farm Fresh food
US retailer Supervalu Inc has kicked off a "strategic review" of its business, which could include a sale of the company, after another quarter of falling sales. Supervalu, which has around 4,400 stores in the US, is looking at "strategic ...
Tags: Supervalu, strategic review, falling sales, sale of the company
Lower margins from gas sales have hit half-year profits at US c-store retailer Casey's General Stores. Net income fell 6.7% to US$71.9m for the six months to the end of October despite higher sales. Casey's pointed to lower margins from ...
Poundland, the UK-based single price value retailer, has booked an increase in full-year profits as value-conscious shoppers continued to visit its stores. In the 53 weeks ended 1 April, EBTIDA climbed 26.5% to GBP40.1m (US$62.9m), while ...
Tags: profits, retailer, Pound land, Turnover
Australian food manufacturer Goodman Fielder is to shut three bakery facilities in a bid to create a "more sustainable business" in the sector. Goodman Fielder, which is undergoing a major review of its operations to make it more ...
Tags: Bakery Plants, Profits, bakery facilities
Dairy giant Fonterra has lowered its forecast for annual earnings in its next financial year, blaming currency fluctuations and "difficult" trading conditions in Australia and New Zealand. The New Zealand company said today (28 August) it ...
Tags: Dairy giant, Dairy, net profit, Fonterra
Nasdaq has handed US snack maker Diamond Foods more time to become up-to-date with its financial reporting. The US stock exchange warned in June Diamond could be delisted for missing the deadline to file already-delayed accounts. ...
Shares in Kettle Chips owner Diamond Foods tumbled yesterday (15 November) after the US company posted lower earnings for 2010 and 2011 in restated accounts - and booked a loss for the first three quarters of its current financial year. ...
Tags: Diamond, outlook, financial reports