Premier Foods has rejected the third offer from US-based spice manufacturer McCormick & Company, which had offered 65p per share of Premier Foods. Mr Kipling cakes maker said the proposal continued to undervalue Premier and its future ...
Tags: Premier Foods, McCormick&Company, Bid Offer
The unsecured creditors committee in the Sports Authority’s bankruptcy case has filed a strong objection to the retailer’s proposed DIP financing package. The committee, representing largely vendors and landlords, called it a ...
Tags: Sports Authority, DIP
Japanese Omron Automotive Electronics (OAE) has agreed to plead guilty and pay $4.6m fine for its involvement in rigging bids for power window switches in Honda Civics, the US department of justice (DoJ) said. The justice department said ...
Tags: OAE, Bid rigging case
The former president of a key university in east China's Jiangxi Province was sentenced to life in prison on Tuesday for bribery and embezzlement of public funds. Zhou Wenbin was found guilty of accepting cash and gifts worth more than 21 ...
Construction of the second unit of a pilot nuclear power project began in Fuqing, southeast China's Fujian Province on Tuesday. The project will use the domestically-developed third generation reactor Hualong One technology. Hualong One ...
Platts assessed spot aluminum premiums on a CIF Japan basis at $90-$100/mt plus London Metal Exchange cash on Tuesday, up from $90-$95/mt plus LME cash on Monday as sellers held on to higher premiums. Two overseas sellers said they would ...
Oman is close to awarding construction contracts and reaching financial close for its planned Liwa Plastics petrochemicals complex and Salalah LPG plant, sources close to the projects said Monday. Approximately $5.2 billion of funding is ...
Indonesia is expected to have as many as 55-60 of uncommitted LNG cargoes next year from the Tangguh and Bontang LNG plants, the head of upstream regulator SKK Migas' communications department, Elan Biantoro, said Monday. The available ...
Tags: LNG cargoes, Badak LNG
Offers for Chinese domestic spot aluminum alloy ADC12 held steady after the previous week's fall due to a plunge in the primary aluminum price, sources said Tuesday. Despite the rebound in the primary aluminum price this week, sources ...
Tags: aluminum alloy, ADC12
LED bulb prices in India are nearing CFL prices, but might be priced down a further INR 20 (US $0.30) following the government’s 50 million LED bulb purchase tender to be issued in the next ten days, reported The India Times. Online ...
Mexico will hold its first-ever electricity power auction in March, according to the country's National Center for Energy Control, or CENACE. CENACE on Thursday published an invitation to those interested in bidding in the auction. The ...
Tags: Mexico, Power Auction
Some independent teapot refiners in China's eastern Shandong province will be ramping up crude oil imports over the next month in a bid to utilize their import quotas before the end of the year, trade sources said this week. This is ...
Tags: Teapot Refiners, crude oil
Large players oversupply situation in the LED industry led to LED bulbs continual downward price trend, according to a report by Chinese-language Commercial Times. The Chinese lighting market is entering a low season, and with Indian LED ...
Tags: LED bulbs, LED chip, LED streetlight
State-owned Abu Dhabi National Oil Co, (Adnoc) is seeking to cut 25% off its operating and capital spending, a senior official at the company was quoted as saying Thursday. "...we are trying to bring down operating expenditures and also ...
An outbreak of cautious optimism in optics and laser markets is fueling the hope that the economic slowdown may be over. Not all vendors are cheerful however, with the order books of some in the materials processing sector continuing to ...