Dutch's paint and chemicals group Akzo Nobel has signed a longevity insurance deal worth €1.75bn with Zurich-based Swiss Re, under which the reinsurer's UK subsidiary ReAssure will write the UK pension funds of Akzo. As per the ...
Tags: Akzo Nobel, longevity insurance, ReAssure, Towers Watson
OPEL Technologies Inc of Toronto, Ontario, Canada – which makes high-concentration photovoltaic (HCPV) panels and solar tracker systems through its subsidiary OPEL Solar Inc and develops III-V semiconductor devices through US ...
Tags: OPEL, ODIS, POET, high-concentration photovoltaic panels, HCPV
Compagnie de Saint-Gobain, a French supplier of construction materials, could give investors something to build on in the next 12 months. Its shares (ticker: SGO.France) could rally more than 20% as the company benefits from growing demand ...
Tags: Saint-Gobain, glass, construction
Optical networking and associated semiconductor technology company JDSU of Milpitas, CA, USA has reported its first-quarter 2013 (ended 29 September 2012). Non-GAAP net revenue was $420.9m and net income was $35.0m ($0.15 per share). ...
Tags: Optical networking, associated semiconductor, net revenue
US food and beverage company Dean Foods has entered into an agreement to sell its Morningstar Foods unit to Canadian dairy company Saputo for $1.45bn. Morningstar Foods is a producer of dairy and non-dairy extended shelf-life and ...
Tags: food, beverage, Dean Foods, sell, dairy
Navistar International has reported a net income of $84m, or $1.22 per diluted share, for the third quarter of 2012, compared to $1.4bn, or $18.24 per diluted share, for the same period in 2011. For the third quarter of 2012, the ...
Tags: Navistar, net income, revenues, pre-tax loss
Oshkosh, a manufacturer of specialty vehicles, has reported net sales of $2.06bn for the fiscal fourth quarter ended 30 September 2012, a decrease of 2.3%, compared to $2.11bn for the same period in 2011. For the fourth quarter of 2012, ...
Tags: Oshkosh, sales down, specialty vehicles
Body Central Corp. announced financial results for the third quarter and for the thirty-nine week period ending September 29, 2012. Highlights for the third quarter ended September 29, 2012: Net revenues for the quarter increased ...
Australasian food company Goodman Fielder has entered into an agreement to sell its Integro oils business to a consortium comprising GrainCorp and Gardner Smith for A$170m($176m). The sale does not include the out-of-home business in ...
Tags: agreement, Integro oils, divestment
Brian Marley has announced his retirement as executive vice president and chief financial officer of Belk, Inc. effective May 4, 2013, after more than 12 years of outstanding service and leadership at the company. Following his ...
Tags: Brian Marley, retirement, executive vice president, Belk
Lincoln Financial has registered a net income of $402m, or $1.41 per diluted share, for the third quarter of 2012, from $153m, or $0.47 per diluted share during the same period last fiscal. Third quarter income from operations stood at ...
Tags: Lincoln Financial, net income, third quarter, disability insurance
Siemens AG (SIE) announced plans to eliminate an additional 4,700 jobs at its Osram lighting unit after it injected 699 million euros ($908 million) in capital at the subsidiary it is preparing to spin off next year The job cuts, ...
Tags: Siemens, cut job, light, Osram lighting, LED
SunCoke Energy Inc announced plans to form a master limited partnership, SunCoke Energy Partners LP, which will have an ownership interest in certain of its coke-making facilities. We estimate that consolidated credit metrics will remain ...
Tags: SunCoke Energy, coke, coke making facility
Retirement Solutions provider Jackson National Life Insurance, an indirect, wholly-owned subsidiary of Prudential, has completed the acquisition of SRLC America Holding from Swiss Re. Originally announced on 31 May 2012, the deal has ...
Tags: Jackson National Life Insurance, life insurance, insurance, acquisition
ACCO's acquisition of Mead's Consumer & Office Products business in the US has been finalised. "We are also significantly diversifying our global footprint," said ACCO CEO Bob Keller. "Our new colleagues from the Mead business bring ...
Tags: ACCO, expands global, acquisition