LED chip, lamp and lighting fixture maker Cree Inc of Durham, NC, USA says that its board of directors has approved the following: a restructuring of the LED Products business; a $500m stock buyback authorization for fiscal 2016; and the ...
Tags: Cree LED, LED chip, ASP Erosion
Shanton Fashions, which operates a chain of women's clothing stores in New Zealand, has gone into liquidation that could threaten dozens of jobs, the media has reported. Although 18 stores are still trading, an initial report by ...
The Chinese government is struggling to meet its fiscal targets this year, finance minister Lou Jiwei warned on Sunday, citing slowing fiscal revenue growth. The central treasury received 2.95 trillion yuan (about 475 billion U.S. ...
Chinese stocks and economic growth have long had little to do with each other. Between 2010 and early 2014, when China boasted the world's fastest-growing economy, its stockmarket was consistently among the world's worst performers. Since ...
Tags: Stockmarket, Economy
Cromwell Polythene has launched a new packaging division, and announced changes in its sales force in the UK. The packaging arm of Cromwell will supply general purpose bags, including food grade polythene bags and liners, and a range of ...
Coca-Cola has extended its partnership with US bottlers Coca-Cola Bottling and Clark Beverage Group by expanding their territories. The drinks major has signed letters of intent with the two bottlers, while definitive agreements on a ...
Dutch brewer Heineken has revamped its leadership teams and regional strategy in a bid to improve revenues. Several executives will leave the group as it plans to restructure its business to focus around four geographic regions. This ...
Karmaloop Inc., a 15 year-old online retailer specializing in streetwear, action sports and music-inspired clothing for 18-35 year old males, has begun a formal restructuring and set a sales auction process. The restructuring and new ...
Tags: Karmaloop Inc, Brand val, Sporting Goods
China's two largest trainmakers, CSR Corp and CNR Corp, inched one step closer to their impending merger after getting necessary approvals from overseas antitrust authorities, according to company announcements on Wednesday. The merger ...
Tags: CSR Corp, CNR Corp, trainmakers
Whereas 2014 was a challenging year for lighting products (with most traditional technology suppliers reporting declining quarterly revenues for lamps and luminaires), many LED-only manufacturers saw their revenues rise, says market ...
Tags: LED Lighting, Traditional Lighting
Fresh produce firm Produce World Group is planning to shut down its plants in Butterwick and Swinderby, in the UK. The move forms a part of the company's strategy to restructure the business in order to face market challenges. The ...
Tags: Produce World, root vegetables
Acording to a recent survey by the Federation of Korean Industries, 17 out of 29 major business groups in Korea picked restructuring as the center of their business strategy for this year. In contrast, only eight and two chose R&D ...
Tags: Conglomerates, Electronics
Samsung Electro-Mechanics (Samsung Electro), the component affiliate of Samsung, said Thursday that it saw a turnaround in operating profits during the October-December period on the back of expanded clients and favorable currency moves. ...
Halfords boss Matt Davies will take up role in June, while Tesco plans for 43 store closures and consolidation of head office locations. Retail giant Tesco has seen an improved performance over Christmas, with UK like-for-like sales ...
Tags: Christmas, store management, Toys
Meat company HKScan Group has announced plans to restructure its production capacity in Denmark in a bid to streamline its operational footprint. The actions will enable the company to improve operational efficiency and will help create a ...
Tags: deboning capacity, Agriculture