What do the gold market and the weather have in common? You can forecast both, but predict neither, according to Brien Lundin, chief executive of Jefferson Financial and publisher of Gold Newsletter. Lundin, who also organizes the New ...
Tags: Finance, Gold, Rare Earth, Metallurgy
Swedish telecommunications equipment maker,Ericsson,will take an 8bn Swedish kronor(SEK)($1.2bn)charge in the fourth quarter(Q4)on its stake in the ST-Ericsson joint venture. STMicroelectronics announced earlier this month that it was ...
Tags: Ericsson, ST-Ericsson joint venture, mobile phone chips, acquire
French retail giant Casino has booked a 35% jump in third-quarter sales, boosted by a strong international showing and a contribution from acquisitions. In a sales update released yesterday (15 October), Casino said group sales increased ...
Dutch food group Wessanen has taken full control of frozen food maker Favory Convenience Food. It has bought the 35.9% stake it did not already hold from Rabo Capital for EUR5m (US$6m). Wessanen is looking to maximise the value of its ...
Tags: Wessanen, frozen food, Favory Convenience Food, takeover
Dutch organic food specialist Wessanen has seen its second-quarter profits slide as a result of lower sales volumes and higher marketing spend. The company today (25 July) booked net profits of EUR3.1m (US$3.8m) in the quarter, down from ...
Tags: Wessanen, second quarter profit, marketing spend, sales volume
MMI Holdings is planning to aquire 100% stake in Momentum Short-term Insurance for an undisclosed amount. MMI Holdings and OUTsurance Holdings boards have already approved the transaction, which will be subject to regulatory approvals, ...
Tags: MMI Holdings, short term insurance, insurance, acquisition
Dutch food firm Wessanen has taken full ownership of Favory Convenience Food by purchasing an additional 35.9%stake from Rabo Capital for EUR5m($6m). Wessanen noted that this purchase follows strategic review of its frozen foods ...
Tags: stake, frozen foods, frozen snack
Goodyear Tire & Rubber has acquired the remaining stake in its Japanese subsidiary, Nippon Giant Tire (NGT) from Toyo Tire & Rubber and Mitsubishi taking full ownership of the unit. Goodyear Tire & Rubber, which was holding majority stake ...
Tags: Goodyear Tire&Rubber, Nippon Giant Tire, oyo Tire&Rubber, Mitsubishi
"It will be possible to return Phoenicia America-Israel(Flat Glass)Ltd.to profitability within 18 months,"said a source close to Fortissimo Capital,which is bidding for the troubled company based in Upper Nazareth."If the business plan ...
Fresh off its acquisition by a French industrial giant, Sage Electrochromics has finished building a $150 million factory in Faribault, Minn., and is poised to ramp up sales of its variable-tint glass. And reap its first profits. The ...
Tags: plant positions Sage, smart glass, Van Dine, construction
GlaxoSmithKline (GSK) has signed a definitive agreement to acquire Human Genome Sciences (HGS) for $14.25 per share in cash. The transaction values HGS at approximately $3.6bn on an equity basis, or approximately $3bn net of cash and ...
Tags: GSK, Human Genome Sciences, HGS
Esco Corp., Portland, Ore., announced it has acquired full ownership of its supply and service division Esco Supply Limited. Esco, which maintains metalcasting capability for the production of wear parts and attachments for the mining and ...
Tags: Market View, casting
Totalight’s new dimmable LED lamps Totalight is giving away dimmable LED lamps in return for a share of the financial savings they create. For the payback to work, the customer receiving the lamps discloses the electricity tariff ...
When Rapid Granulator AB first came to China in 2003, it thought it could cover most demands from the local market with older machines and technology. “But we couldn’t make any headway, ” said Bengt Rimark, global ...
Tags: market view