US-based yogurt maker Chobani is planning to enter the beverages segment with Drink Chobani line, after it turned down acquisition offer from PepsiCo. With this new drink range, which will be a blend of fruits with its trademark Greek ...
Tags: Chobani, Aquisition, Beverage segment
Flavored beverages producer Dr Pepper Snapple (DPS) is joining the Closed Loop Fund to increase beverage container recycling rate in the US to 60% by 2030. The company is investing $5m in the social impact fund, which was set up in 2014 ...
Tags: Beverage Container, Recycling Rate
China's economy is going through a series of historic transitions, and recent short-term market volatility will prove temporary, experts attending the World Economic Forum (WEF) Annual Meeting 2016 said on Thursday. The Chinese government ...
Tags: Economy Transitioning, Economy
Oil prices have been raised in Saudi Arabia. At the same time, the Saudi cabinet has also added tariffs on electricity, water and sanitation services. Saudi officials have approved a national budget for the coming year with a deficit of ...
Tags: Saudi Cabinet, Oil Prices, Service Tariffs
Crude prices have gone down nearly 30 percent this year, and analysts expect oil prices to remain low for even longer. Boon for consumers Lower oil prices are generally good for US consumers and the economy, said Jason Bordoff, ...
Tags: Oil Prices, Crude Oil
Investment bank Goldman Sachs late Wednesday lowered its iron ore price forecast for 2017 by $5/dmt to $35/dmt CFR China after a faster-than-expected softening in seaborne prices. "Iron ore prices have reached our $40/dmt forecast one ...
Tags: iron ore price, steel
The volatile solar market will rationalize extensively over the next year, with the handful of leading companies likely to have successful initial public offerings (IPOs) outweighed by several others going to the wall. Jason Eckstein, the ...
Tags: Solar, CIGS, concentrating photovoltaics
On September 22, during President Xi Jinping’s state visit to the United States, the Chinese Ministry of Commerce and the Government of the U.S. Washington State jointly held the Seminar on the Economic and Trade Cooperation between ...
Tags: aviation, agriculture
Chinese demand for seaborne-traded thermal coal will fall sharply from 2016, dragging prices down in its wake, analysts at Goldman Sachs said this week. In a report entitled The Tiger and the Dragon, the bank's analysts downgraded their ...
Tags: Thermal Coal, Coal, Coal Mining
The 9th Annual Meeting of the New Champions, a World Economic Forum conference hosted each year in China. It has come to be known as the “Summer Davos,” opened on Wednesday in the city of Dalian. It has become customary for the ...
Multi brand online retailer Bluestem Group completed acquisition of Orchard Brands Corporation, also an online retailer of multi-brand family of 13 catalogue and ecommerce brands. The deal, according to a Bluestem Group press release, has ...
Tags: apparel, Orchard, Bluestem Group, private label
Johnson Controls, announced today that it is exploring strategic options for the separation of its automotive business. Alex Molinaroli, chairman and chief executive officer, Johnson Controls said: "Today's announcement continues our ...
Tags: Automotive Business, Johnson
China's manufacturing business activity slightly expanded in May, indicated by a Purchasing Managers Index reading of 50.2, up from 50.1 in April, according to official data. The reading has remained above 50, the separation between ...
Tags: Manufacturing, PMI
Ascena Retail Group and Ann Inc entered into a definitive merger agreement under which Ascena will acquire Ann Inc for a combination of cash and stock in an accretive transaction. Upon closing, Ann Inc stockholders will receive $37.34 in ...
Tags: Ascena, Women's Apparel
Global marketer of everyday basic apparel HanesBrands said it has completed the acquisition of Knights Apparel, a leading seller of licensed collegiate logo apparel in the mass retail channel. Knights Apparel sells T-shirts, ...
Tags: Knights Apparel, Apparel, basic apparel