Europe has set itself ambitious climate and energy targets: A third of the continent's electricity needs are to be met from renewable energy sources by 2020. Offshore wind power places a pivotal role in the mix. In their new study entitled ...
Tags: wind power, Global Investment
US chocolate manufacturer Hershey has reported that its net earnings increased by 21.77% to $241.91m for the first quarter of 2013, compared with $198.65m for the same quarter in 2012. The company attributed the increase in net earnings ...
High unemployment and the continued slowdown in economic growth in the Southern European crisis countries in particular is still hampering economic development in the European Union (EU). While the countries moving towards recovery are ...
Tags: GFK Consumer Climate, unemployment
The crisis at mobile phone maker Nokia is intensifying as sales of its once-bedrock feature phones fell by more than 21 per cent in the first quarter, according to the company's latest financial report. Feature phones have kept the ...
Tags: Computer Products, Nokia
Indian outsourcer Infosys saw its profit drop even as revenue grew in the first quarter, as margins were hit by staff salary increases, and investments and acquisitions by the company in new technology areas and markets. The ...
Tags: Infosys, Computer Products
In uncertain economic times, companies scrutinize purchases they would consider normal in times of financial certainty. At many woodworking companies, equipment expenditures are one of the first areas of examination when the specter of cost ...
Tags: Unused Equipment, Manufacturing
The thought of using synthetic wood seems abominable to some businesses, but for companies that strive to produce durable products that are affordable on most budgets, using the synthetic stuff for certain components and installations makes ...
Tags: RT Machine, Processing Machinery
When specialty frozen food retailer M&M Meat Shops began developing a new strategy to become more competitive, it explored various store improvement projects that would enhance shopper experience, build the bottom line, and could be ...
Tags: LED Lighting, LED, Lighting
Reflecting the European auto glass business constriction company officials have been highlighting for some time, Paris-based Saint-Gobain announced plans to close a Belgium-based windscreen factory this week, impacting 263 jobs. Auto sales, ...
Tags: Windscreen, Auto Glass, Glass
Over the past two weeks, glass manufacturing workers at CSR Viridian’s plants in Sydney and Melbourne have spoken to World S ocialist W eb S ite correspondents about the closure and merger of facilities that will cost more than 200 ...
Tags: CSR glass, glass, glass industry
Ultra large container vessels (ULCV) being deployed in increasing numbers on the Asia-Europe trades are making large container ships available for smaller trade routes, such as intra-Asia feeders and the Asia-Australia trade. Drewry ...
Tags: Larger Ships, ULCV, container ships
INVESTMENT banks, suffering the softest period for takeover completions in almost a decade, are facing the prospect of another weak year of deal-making as companies remain cautious and shy away from big mergers and acquisitions. In ...
Tags: M&A, Downward Spiral, economy
THE sharemarket fell this morning, with National Australia Bank leading a sell-off in banks after its strategy update failed to give any fresh bullish catalysts, and its cost-cutting plan undershot market expectations. Banks were also ...
The sharemarket reversed an early rise as mining companies declined on uncertainty about China's growth outlook and Goldman Sachs downgraded the resources sector to from overweight to neutral. High-yield and defensive sectors initially ...
Tags: Stocks, sharemarket, shares
The sharemarket reversed an early rise as resources companies declined on uncertainty about China's growth outlook and Goldman Sachs downgraded the resources sector from overweight to neutral. High-yield and defensive sectors initially ...