Premier Foods, a UK-based food company, said that it is not planning to sell its Hovis bread business, and it seeks to further strengthen the unit. The company has faced a series of transactions such as management changes, refinancing and ...
Tags: Premier Foods, Hovis Bread
Furniture Brands Canada has declared bankruptcy and all of its salaried employees have been let go. The move was made after its U.S. parent company sought Chapter 11 court protection from its creditors earlier this week. Furniture Brands ...
Tags: Furniture, Furnishing
Despite China's slowing economic growth, the retail industry in the world's second-largest economy will maintain sustainable growth in the medium and long term, commerce officials said on Thursday. Meanwhile, the industry is undergoing a ...
Tags: Retail Industry, economic growth
Hess AG has sold its shares in Hannover-based exterior lighting company Vulkan as it continues to restructure following insolvency proceedings. The troubled German manufacturer which had 100 per cent of the shares in Vulkan, has sold them ...
The California-based assembler of the Chinese-made Coda electric car has filed bankruptcy. Coda Holdings, Inc. filed a voluntary petition for Chapter 11 bankruptcy protection with the District of Delaware overnight, which is intended to ...
Tags: electric vehicles, Coda Files
A "perfect storm" of struggling PC companies, aversion to Windows 8 and wider mobile-device adoption plunged the already struggling PC market into a free fall during the first quarter this year, IDC said. Worldwide PC shipments in the ...
A "perfect storm" of struggling PC companies, aversion to Windows 8 and wider mobile-device adoption plunged the already struggling PC market into a free fall during the first quarter this year, according to the latest report from research ...
Tags: PC, software, Computer Products
Till Becker was appointed executive director at Hess AG lin January this year An internal investigation commissioned by the supervisory board of troubled German lighting firm Hess AG alleges that sales revenues at the firm for the 2011 ...
The Swedish mechanical engineering company Vitech is bankrupt. A declaration to this effect was made on 11 February before the competent court inongermanlands. The supplier of sawmill-mechanisation plant, as well as its parent company ...
Tags: mechanical engineering, Vitech, Bankruptcy
Mexican glassmaker Vitro said on Monday that it is in talks with its creditors in the United States. The company made the comment to Mexico's stock exchange in a short statement that did not give further details. Vitro has been fighting ...
Tags: Mexican glassmaker, Vitro, creditors
Fiat and Alfa Romeo Australia are planning to quadruple sales with a restructuring process that will take a long-term view of establishing the brands for future growth. The first step of the process has been a massive expansion of the ...
Tags: Fiat, Alfa Romeo, Quadruple Sales
Prosperity Minerals has revealed it will take longer than originally planned to conclude the master restructuring process. The company, an iron ore trading business serving China, which also owns real estate, revealed back in October that ...
Tags: Prosperity Minerals, restructuring process, Zhong Cheng group
APPLE will likely have to pay a Brazilian company for the right to use the iPhone brand in Latin America's biggest country, a Brazilian telecommunications analyst says. Brazil's Gradiente SA started selling Android smartphones with ...
Tags: Consumer Electronics, Apple, iPhone brand
Suzlon Energy,world's fifth largest wind turbine supplier,announced that Mr Tulsi Tanti CMD of Suzlon Energy on behalf of the promoter group sold 2.11%stake for a total consideration of INR 630 million to raise funds for Corporate Debt ...
Tags: Suzlon Energy, Tulsi Tanti, CDR, wind turbine supplier
The Carpet and Rug Institute (CRI) held its Annual Membership Meeting at the Northwest Georgia Trade and Convention Center in Dalton. Outgoing CRI board chairman John Wells offered remarks on the current state of CRI, including the carpet ...
Tags: CRI, Annual Membership Meeting, Mohawk, Joe Foye bags, Smrekar award