Microsoft on Thursday took an unexpected $900 million charge to account for what it called "inventory adjustments" for the Surface RT, the poor-selling tablet that debuted last year. Later on in the day, Microsoft held a conference call ...
Tags: Microsoft, Computer Products, software
The slowdown in the PC market decisively caught up with Intel today following second quarter results in which revenues fell by 5.1 per cent compared to the same quarter in 2012. The company posted revenues of $12.8bn in the second quarter ...
Tags: PC
The UK's Petrofac has agreed to increase its stake in the Abu Dhabi-based Petrofac Emirates joint venture to 75% from 50% as the remaining state-owned holding is privatized, Petrofac said Thursday. Following both transactions, the ...
Tags: Petrofac Emirates, Chemicals
RPM International Inc. announced that Neil Jamieson has joined the company as Director, Global Tax Planning. In this role, he will work on projects ranging from corporate income tax planning to income tax compliance. Jamieson joins RPM ...
Tags: Global Tax, Service
Serotta and Blue Competition Cycles are joining Mad Fiber Wheels under the umbrella of the Divine Cycling Group, an investment group formed last year. DCG bought Mad Fiber, its first industry acquisition, in February. Terms of the ...
Tags: Transportation, Cycling, Divine Cycling
BehrPro, the Professional Products and Services Group of Behr Process Corporation, introduced the new Behr Premium Deckover exterior coating that revives old weathered wood and concrete surfaces. Featuring 100 percent acrylic resin fused ...
Tags: Construction, Decoration
Yahoo again ranks as one of the world’s 100 most valuable brands. The Internet company nabbed the 92nd spot in the annual list of global companies from multiple industries including technology, retail and service, released Tuesday ...
Tags: Yahoo, Brands, Computer Products
South African financial services group Sanlam has concluded the acquisition of a 49% stake in Malaysian niche short-term insurer, Pacific & Orient Insurance Co. Berhad (POI), for nearly MYR270m ($89.m). Sanlam Emerging Markets (SEM), ...
BehrPro, the Professional Products and Services Group of Behr Process Corporation, a supplier of architectural paint and exterior wood care products, announced the start of the BehrPro Experience Tour, its third annual mobile tour across ...
Editor’s Note: The following column By Mike Feinstein, vice president, sales and marketing, Digital Lumens, is part of Modern’s Other Voices column. The series features ideas, opinions and insights from end users, analysts, ...
Canton, Ohio-based The Timken Company announced Monday the continued expansion of its industrial services capabilities with the acquisition of the Standard Machine business based in Saskatoon, Saskatchewan, Canada. Standard Machine provides ...
Tags: Timken Company, Standard Machine
A carpenter can only do so much with a broken hammer. Then again, if he has an endless supply of hammers, or a dedicated hammer repairman nearby, he might not be too bothered to care for them. Lift trucks, as critical to a distribution ...
Bebe stores, inc. announced that it has promoted Liyuan Woo to the position of Chief Financial Officer (“CFO”). Ms. Woo, who currently serves as the Company’s Principal Accounting Officer and Vice President-Corporate ...
Tags: Bebe stores, Apparel
Zurich-based DKSH has expanded its partnership with Lindt & Sprüngli to Singapore to support Lindt's continued growth in this strategically important market in Asia. Under the agreement, DKSH will provide marketing, sales, ...
Tags: DKSH, Lindt&Sprüngli Partnership
London-based underwriter Aviva is considering purchasing the Co-operative Group general insurance business in a deal valued at approximately £650m ($989.82m). Co-operative Group, which operates as one of the UK's largest consumer ...
Tags: Aviva, Co-Operating Insurance