Shares of Corning Inc. jumped Tuesday after it announced a new tie-up with a Samsung Electronics subsidiary that will boost the glass maker's earnings immediately and guarantees that it will supply Samsung with liquid crystal display glass ...
Corning Inc. (GLW) said its will take control of a joint venture with Samsung Electronics Co.'s (SSNHZ) business that makes LCD glass in Korea and receive a $1.9 billion investment in a series of transactions to strengthen collaboration ...
Tags: LCD Glass Venture, Samsung
Global reinsurance firms Munich Re, Swiss Re and Hannover Re have started contract talks for 2014 with insurance firms, amid growing competition from pension funds, due to increased capital investment. The steady growth of investment by ...
Tags: Insurance Firms, Swiss Re
Vitrum is always held in fall and hence near the end of the fiscal year. This makes it quite useful for assessing the progress made during the year and formulating an accurate forecast for the following year. And hence, as Vitrum opens ...
Tags: Vitrum, Construction
PPG Industries reported third quarter 2013 net sales of $4 billion, up 17 percent versus the prior year. Third quarter 2013 reported net income from continuing operations was $220 million, or $1.52 per diluted share, and adjusted net ...
Tags: PPG, Construction, Decoration
Troubled smartphone maker has moved to reassure its customers - by writing to them and taking out full-page press advertisements telling them that it isn't going out of business. The letters to key customers and partners, reproduced in 30 ...
Tags: Blackberry, software, Computer Products, smartphone
Sherpa Capital, a leading Spanish investment group specializing in solutions, has signed an agreement with Spanish textile firm Dogi International Fabrics, in order to capitalize the company. According to a statement issued by Sherpa ...
Tags: Sherpa Capital, Textile Firm
Future PLC, the media group that owns CyclingNews.com, BikeRadar.com and other titles, has appointed a new CFO to replace Graham Harding, who is stepping down. Harding has been with Future since 2000 and has been CFO since 2011. His ...
Tags: Transportation
The Finish Line, Inc. reported results for the 13-weeks ended August 31, 2013. For the thirteen weeks ended August 31, 2013: - Consolidated net sales were $436.0 million, an increase of 13.3% over the prior year period. - Finish Line ...
Tags: Balance Sheet, Apparel
Berkshire Hathaway's Shaw Industries Group, Inc. will invest at least $40 million and hire more than 25 new associates in South Pittsburg, Tenn., to meet the growing demand for its Epic? engineered flooring product. "Marion County could ...
Tags: rug, Textile, flooring rug
China is said to be weighing a plan to allow local governments to issue local treasury bonds. Sources said recently that the Ministry of Finance (MoF) planned to allow local governments to issue local treasury bonds, an effort to ease ...
Tags: local treasury bonds, economy
The Goodyear Tire & Rubber Co. held an investor meeting today when CEO and President Rich Kramer discussed strategies and goals for the next three years, plus the company's capital allocation plan. "We haven't lost sight of where our ...
Tags: Goodyear, tyre, Auto Parts
ASOS reported financial results for the three months period ending 31 August 2013: Q4 Highlights: -Retail sales +47% year on year (UK +49%, International +47%) -International retail sales 64% of total (65% last year) -Retail gross ...
Tags: Fashion Retailer, Apparel
Unilever, an Anglo-Dutch multinational consumer goods company, is set to invest $108.7m to expand operations at its ice cream facility in Covington, West Tennessee, creating 428 new jobs over the next four years. The project involves ...
Tags: Agriculture, Ice Cream
Ahlstrom, a global high performance fiber-based materials company, announces its new strategic agenda and updates its long-term financial targets. During the last four years, Ahlstrom has undergone a major transformation as a company ...
Tags: fiber-based materials, Textile