US retailer Safeway Inc has booked an increase in third-quarter earnings, helped by one-time items, but reported a drop in operating profit as it battled weak consumer confidence. The company said yesterday (11 October) net profit ...
Tags: Safeway Inc, earnings, operating profit, consumer confidence
The union representing Hostess Brands workers has insisted the US bakery group is "falsely claiming" the closure of three bakeries was the result of strike action. Hostess has been trying to force through cuts to pay and conditions and ...
Tags: Hostess Brands, bakeries, strike action, bakery group
Vitamin and supplement giant NBTY has acquired US energy bar brand Balance Bar from private-equity firm Brynwood Partners VI. Brynwood, which acquired the brand from Kraft Foods in 2009, announced the sale for an undisclosed sum yesterday ...
Tags: NBTY, vitamin, supplement, Kraft Foods, energy bar
UK cake manufacturer Finsbury Food Group today (24 September) reported an increase in full-year profits after seeing sales exceed GBP200m (US$324.3m) for the first time. The company booked profit after tax of GBP4.9m for the year to the ...
Tags: Finsbury Food Group, pension scheme, share option charges
RIA Novosti reported that Russia may lose its investment grade rating if world oil prices plunge to USD 80 per barrel and the Russian government continues massive social and defense spending. Mr Alexei Kudrin ex finance minister of Rusia ...
Tags: investment rating, oil prices, social bill
The Prudential Insurance Company of America has inked a purchase deal with Verizon Management Pension Plan,to settle nearly$7.5bn of pension liabilities under a single premium group annuity contract. As per terms of the ...
Tags: America, insurance, retirement
US food giant ConAgra Foods has reported a fourth-quarter loss of US$86m after changes to the way its accounts for its pension costs. The company said today (21 June) its new method of accounting for pensions hit its bottom line in the 13 ...
Kraft Foods has booked an increase in first-half profits, despite recording a fall in sales, thanks to productivity and price gains. In the six months to the end of June, net profit increased 4.2% to US$1.85bn. Operating profit in the ...
Tags: Kraft Foods, first half profits, fall in sales, food price
Sainsbury's this morning (14 November) reported an increase in half-year profits, a period in which the UK retailer said it had "outperformed" its competitors. Pre-tax profits were up 2.5% to GBP405m in the 28 weeks to 29 September. ...
Tags: Sainsbury's, half year profits, increase, food industry
PepsiCo booked a 5% drop in third-quarter earnings today (17 October) as it increased its spending behind flagship brands. The company said earnings totalled US$1.9bn, or $1.21 per share, in the three months to 8 September, down from ...
Tags: PepsiCo, earnings, operating profit
US retailer Safeway Inc has booked a decline in operating profit in the first half of the year. For the 24 weeks ended 16 June, operating profits slid to $437m, an 11.9% decline on the prior-year period. The retailer blamed the dedcline ...
Tags: Safeway Inc, operating profit, food market, food industry
Engineering, electronics and high-tech giant Siemens AG of Munich, Germany has announced its intention to spin-off 80.5% of its subsidiary Osram (the world's second biggest lighting manufacturer, whose subsidiary Osram Opto Semiconductors ...
Tags: Siemens, Osram, approval, transaction, massive reshuffle
Swiss food ingredients group Givaudan has booked an increase in first-half profits. In the six months to the end of June, net profit increased 67.5% to CHF201m (US$207.9m). Operating profit amounted to CHF295m, a 27.7% increase on the ...
Tags: food ingredients, flavours, fragrances, net profit
Siemens has announced its intention to spin-off 80.5% of its subsidiary Osram. The plan requires approval of at least three-quarters of voters at Siemens’ Annual Shareholders' Meeting on 23 January. If approved, the transaction ...
Tags: Europe Osram, Siemens, LED assembly plant, transaction
III . Investment i. Policy and Administrative Rules Catalogue of Related Laws Foreign Trade Law of the People's Republic of China Customs Law of the People's Republic of China Law of the People's Republic of China on Import and ...
Tags: Shanghai, business, introduction to Shanghai, Shanghai economy, survey