Shares in Hewlett-Packard rose six per cent on Wall Street yesterday following better than expected results for the three months to the end of January. While sales dropped by six per cent and profits declined by 16 per cent from the ...
Tags: Hewlett-Packard, sales, company news
Hubei Province-based Chinese steelmaker Wuhan Iron and Steel (Group) Corp.has announced that it plans to issue short-term bonds worth RMB 6.3 billion ($1 billion), in a first phase of short-term bond issuance for the current year. The ...
Tags: steelmaker, short term bonds, iron ore
Australian mining giant Fortescue Metals Group Ltd has announced that it has agreed with Australia-based company Iron Ore Holdings Limited (IOH) to the early termination of Fortescue's exclusive option to develop IOH's Iron Valley deposit. ...
Tags: Iron Valley, mining giant, mining
Residential and commercial tufted carpet manufacturer Gulistan Carpet Inc., Aberdeen, N.C., has filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code for the Middle District of North Carolina. The ...
Tags: tufted carpet, Gulistan Carpet, company news
Hostess Brands, the bankrupt producer of bakery products in US, has selected two stalking horse bidders, McKee Foods and United States Bakery, for its Drake's snack cake brand and Sweetheart, Eddy's, Standish Farms, and Grandma Emilie's ...
IT applications integrator and reseller 2e2 has entered administration, after weeks of negotiations with investors failed to find a solution for the Berkshire-based firm's £270m debts. Some 319 UK sales and admin staff have already ...
Tags: 2E2, IT applications, McAfee enterprise
Reuters reported that credit rating agency Moody’s downgraded ThyssenKrupp’s debt to “junk” status due to challenging market conditions and profit losses in its Brazil and US sites. ThyssenKrupp replied that its ...
Tags: Moody, Steel, Steel Americas
AML Underwriting (AML) has introduced a new policy to meet the insurance needs of restaurants and other similar establishments. Offered through all AML brokers, the new restaurant policy will provide a number of automatic sections and ...
Tags: AML, new policy, insurance needs
The big news this week is the sale of famed jewellery and watch brand, Harry Winston, to the Swatch Group for $750 million plus their assumption of up to $250 million of pro forma net debt. Several analysts and industry observers see this ...
Tags: jewellery, watch, Harry Winston, diamond
The year 2012 was historical in many ways: First of all, the common people in the street discovered that the crisis in 2008 and 2009 didn't impact the financial world at all. Furthermore, the euro crisis revealed the true face of the ...
Tags: European Union, global finance market, textile machinery
Britain’s biggest food manufacturer Premier Foods plans to close its Glasgow flour mill, casting doubt over the future of 15 jobs at the Dunaskin Street site. Premier Foods plans to close its Glasgow flour mill, putting 15 jobs ...
Tags: Britain, food manufacturer, remier Foods, jobs
Gulistan Carpet — an Aberdeen, N.C.-based manufacturer of residential and commercial tufted carpets — has filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code for the Middle District of ...
Tags: tufted carpets, Gulistan Carpet, carpet, company news
The Taiwan-based solar supply chain is likely to enter a period of consolidation. For upstream material providers, consolidation between downstream customers may create pressure on their costs. Digitimes recently sat down with Chi-jen Chen, ...
Tags: solar industry, solar supply chain, solar, solar materials
Mario Sala,Area Manager of Italia's leading steel supplier Tuxor expressed the company's operations and the general situation of the steel markets at the SteelOrbis Spring'12 Conference and 66th IREPAS Meeting held in London. Could you ...
Tags: Mario Sala, Italia's leading steel supplier, Tuxor, steel markets
Putting behind the gloom of 2012 Chinese economy and industry seems to be warming up for an auspicious entry into 2013 at long last. Q4 has seen sudden turn of events kindling hopes of revival in Chinese steel industry backed by impressive ...
Tags: Chinese Economy, steel industry, infrastructure projects, China