Internet payments company PayPal will cut 325 jobs as part of a companywide reorganization, its president said Monday. The layoffs will hit PayPal's product and technology organization hardest. That's where nine product groups will be ...
Tags: PayPal, Internet payments company, jobs, companywide reorganization
Micron Technology announced today that it will acquire struggling Elpida Memory, the third largest producer of DRAM memory, for $750 million and will also take over $1.75 billion in Elpida's debt. Tokyo-based Elpida filed for bankruptcy ...
Tags: Micron Technology, Elpida Memory, DRAM memory, Elpida's debt
The Moscow Times reported that Italian refiner Saras is to form a joint venture with Rosneft that will allow it to tap the Russian group's crude oil portfolio in return for access to the wider Mediterranean. Saras said that the two sides ...
Tags: Joint Venture, Oil and Gas, Crude Oil, Oil Heating Prices
Jotun opened in March at Sandefjord, Norway, a decorative paints plant costing NOK 500 million ($87 million), which the company claims is one of the most modern in the world. It replaces two other decorative paints units in the country. ...
Tags: Jotun, Meanwhile AkzoNobel, high-tech decorative paints
Vitro announced yesterday it has initiated a process in a Mexican court aimed at recovering close to $1.6 billion USD in damages resulting from lawsuits which placed the company and 17 subsidiaries into involuntary bankruptcy, later ...
Tags: Vitro, Mexican glassmaker, glass, Construction
Blenko Glass Co.is about to emerge from bankruptcy,and its owners say they're confident they can maintain and grow the market for the specialty glass they produce. U.S.Bankruptcy Court Judge Ronald Pearson approved Blenko's reorganization ...
Tags: Blenko Glass Co., bankruptcy, glass
New offering combines industry's fastest upgrade and migration speeds with powerful content organization tools for improved knowledge sharing and collaboration with SharePoint 2013. Metalogix, the leader in providing high-performance ...
Tags: content organization tool, knowledge sharing, SharePoint 2013, software
FAS satisfied applications of OJSC Chelyabenergosbyt for the acquisition of 29% of the fixed production assets of OJSC Orskiy Zavod Metallokonstruktsiy and 45.6% of the fixed production assets of OJSC Zlatoustovskiy Zavod ...
Tags: steel, Metallurgy, Mineral
After filing for Chapter 11-type insolvency protection in July,centrotherm photovoltaics AG of Blaubeuren,Germany,which provides equipment and turnkey production lines for manufacturing both crystalline silicon solar cells and copper indium ...
The Administrative Board of PUMA SE announced that, by mutual agreement, Franz Koch will step down from his position as CEO of PUMA and member of the Group Executive Committee of PPR SA, the main shareholder of PUMA SE, at the end of March ...
Tags: Puma, Franz Koch, company news, Puma CEO
The U.S.Court of Appeals of the Fifth Circuit has granted Mexico a motion for leave to file a late Amicus Curiae brief in the Vitro S.A.B.bankruptcy appeal case.Mexican officials filed the motion for leave and Amicus Curiae Monday in the ...
Tags: U.S.Court, Mexico, the Fifth Circuit, Vitro S.A.B.bankruptcy
The union representing Hostess Brands workers has insisted the US bakery group is "falsely claiming" the closure of three bakeries was the result of strike action. Hostess has been trying to force through cuts to pay and conditions and ...
Tags: Hostess Brands, bakeries, strike action, bakery group
(i)Policy and Administrative Rules Catalogue of Related Laws Foreign Trade Law of the People's Republic of China Customs Law of the People's Republic of China Law of the People's Republic of China on Import and Export Commodity ...
Tags: Guizhou Province, survey, economy, investment
To effectively suppress repetitive construction and blind expansion of glass fiber industry,the Ministry of Industry and Information Technology published"Entry Criteria for Glass Fiber Industry".According to rules of the"Entry Criteria",new ...
Tags: fiber industry, Entry Criteria, glass fiber
US baker Hostess Brands has indicated it will liquidate the company tomorrow (15 November) if striking employees fail to return to work this evening. The group, which manufactures brands including Nature's Pride and Wonder Bread, said it ...
Tags: Hostess Brands, strike, financial resource, food industry