Clarke Inc. said it has closed the sale of its truckload and less-than-truckload businesses to TransForce Inc. for C$100.5 million. The holding company expects a gain of $63 million to $68 million from the sale, it said in a Jan. 6 ...
UK-based life insurance group Resolution is, reportedly, negotiating with prospective buyers to divest its Luxembourg-based Lombard division, which markets tax-efficient insurance products to high net-worth individuals. The business that ...
Tags: Life Group, Insurance Business
Cooper Tire & Rubber Co. has notified the U.S. Securities and Exchange Commission (SEC) that its third-quarter earnings report will be delayed. The company blamed the delay on a dispute with its Chinese joint venture partner in its Nov. 12, ...
Sony has slashed its profit forecast for 2013 by 40 per cent, meaning the technology giant now expects to make only £190m. The company had originally estimated it would make a profit of 50bn yen (£372.4m), but after its Q3 ...
Tags: Computer Products, software, Sony
F5 Networks has used GITEX to big up its cloud credentials this week, as it seeks to educate customers about the reality of doing business on the cloud. According to Vincent Lavergne, Senior Pre Sales Manager, South EMEA, F5 hopes to ...
Tags: F5 Networks, Cloud Computing
Alcoa kicked off the much-watched third quarter earnings season with much better-than-expected results. Analysts were calling for the No. 1 aluminum maker to report an adjusted five cents a share profit. Alcoa ended up reporting an ...
Tags: Alcoa, aluminum maker
Although there is no firm yardstick to gauge its real impact, China Investment Corp has in many ways been the most representative face of Chinese investment in Europe. Apart from its regular activities such as equity and other investments, ...
Tags: Sovereign Wealth Fund, economy, China
IBM saw its net income for its second quarter of 2013 drop by 17 per cent compared to the same period in 2012. The company earned $3.23bn, compared with $3.9bn 12 months ago. Total revenue for Q2 stood at $24.9bn, down three per cent on ...
Tags: IBM, economy, Computer Products
After Philips transferred its Audio and accessories businesses to Japanese companies, this consumer electronics giant has completely taken off the "electronic" coat. It was pointed out in the latest news from Philips that the "Royal Philips ...
It is learned from the earnings report recently released by Epistar Corporation that its consolidated revenues in May reached 2.223 billion NTD, a growth of 15.85% over last month, also an annual growth of 19,42%. In view of the company's ...
The Chinese government has been cutting back on subsidies to manufacturers of LED chips, a reason some companies are blaming for their poor first quarter results. This points to a change in approach to policies over the once-hyped sector ...
Tags: LED industry, LED Sector, LED
As part of an ongoing restructuring, EMC reported today that it will lay off more than 1,000 employees worldwide. The company reported in its latest 10-Q filing with the U.S. Securities and Exchange Commission that in the first quarter of ...
Tags: Computer Products, software
The sharemarket surged to its highest closing level in almost five years yesterday, with the materials sector leading relatively broad-based gains after China reported stronger than expected trade data, Wall Street hit record highs and spot ...
Tags: Stocks, China Data
Shimano's total sales inched up to $636.1 million (63.3 billion yen) from $628.1 million over the first quarter of last year. Sales at Shimano's bicycle division grew 3 percent to $514 million (51.1 billion yen), and account for 81 ...
Tags: Transportation, bike
Some of the biggest names in IT including IBM, Microsoft, Google and Intel reported quarterly earnings this week, revealing a picture of the tech sector that, while not as gloomy as had been feared, is nevertheless mixed. The earnings ...
Tags: Computer Products, software