Greensboro, N.C.-based Burlington, a division of International Textile Group Inc. (ITG), is celebrating its 90th anniversary this year. The company was established in 1923 in Burlington, N.C., by J. Spencer Love, who had purchased his ...
Tags: textile, Burlington
On November 20, Chinese steelmaker Chongqing Iron and Steel Co. (Chongqing Steel), a subsidiary of Chongqing Iron and Steel (Group) Co., announced that its major asset restructuring plan has received final approval from the China Securities ...
Tags: steelmaker, Mineral
Designer Furniture Warehouse here has filed for Chapter 11 bankruptcy protection with plans to close all but one of its 10 stores. In its petition filed Nov. 13, the retailer listed assets and debts both in the $1 million to $10 million ...
Tags: Ohio, retailer, designer, Furniture Warehouse
Fisker Automotive has officially filed for bankruptcy on the back of the Californian car maker’s sale to investment group Hybrid Technology. After several attempts to rescue the company, Fisker filed for Chapter 11 bankruptcy on ...
Tags: Fisker, automotive, file, bankruptcy
About two years ago, I wrote a column on Apple’s new digital goddess Siri, the company’s digital assistant and go-to person for iPhone users. Folks could ask Siri a range of questions including street directions, the location of ...
Tags: Apple, revamp, Siri, agriculture
Deyu Agriculture Corp., a Shanxi Province, China-based vertically integrated producer, processor, marketer and distributor of organic and other agricultural products made from corn and grains, today announced its financial results for the ...
When the world was digesting news of Detroit’s bankruptcy in July, the biggest ever by a municipality in the US, attention in China turned to the highly indebted government of Jiangsu province. Provincial, city and county authorities ...
Tags: Bond Markets, Local Officials
Know More About Diodes Electronic Components: Diodes Inc is a global manufacturer and supplier of application-specific standard products within the broad discrete, logic, and analog semiconductor markets. The company is headquartered in ...
Tags: Diodes Inc, provider, impressive, global
China's central bank said on Tuesday that it will continue its hands-off stance on the money market, as it maintains a "stable" monetary policy that facilitates the nation's essential structural reforms. The central bank "will neither ...
Tags: Central Bank, Hands-off Policy
Facebook is positioning itself as a mobile-first social network, so its interest in the moves of major smartphone companies is natural. BlackBerry is a sinking ship searching desperately for a rescue, so its turning to any major mobile ...
Tags: Facebook, Computer Products, smartphone, Blackberry
BlackBerry's appointment Monday of former Sybase CEO John Chen as its next executive board chair and interim CEO could be the best news in months for the struggling smartphone company. Chen is seen as someone who can give business ...
Tags: Blackberry, Computer Products, software
China's manufacturing sector is gradually gaining strength and paving the way for a steady economy, two surveys showed Friday, though mixed signals remain in areas including new orders. China's official Purchasing Managers' Index (PMI) ...
Recession in the Chinese shipbuilding industry still continues. CSSC Jiangnan Heavy Industry Co., Ltd., (SHSE: 600072), a listed arm of China State Shipbuilding Corp. (CSSC), released financial for the third quarter of this year on ...
Tags: Transportation, Shipbuilding
Brazilian oil firm OGX owned by tycoon Eike Batista, filed for bankruptcy Wednesday, after negotiations with creditors failed. If its pedition is approved by court, OGX would have six months to continue operating while it tries to ...
Tags: Metallurgy, Mineral, Energy
Financial stress in Australia has stabilised near a two-year low as a combination of post-election confidence, low interest rates and increased savings help to bolster consumer demand for credit and their capacity to repay. The financial ...