Driven by both growth in the IT and lighting sectors, in 2013 South Korean LED maker Seoul Semiconductor Co Ltd surpassed 1 trillion Korean Won in annual revenue for the first time, reaching a record 1.0321 trillion Korean Won (up 20% on ...
Tags: LED Lighting, Semiconductor
Bauer Performance Sports Ltd. entered into a definitive agreement to acquire the Easton Baseball/Softball business for US $330 million in an all-cash transaction, subject to a working capital adjustment. Easton-Bell Sports also indicated ...
John Sommers II for Transport Topics Paccar Inc. said its profit grew 31.8% in the fourth quarter as European truck demand increased and business improved in its parts and financial services units. Paccar earned $334.2 million in the ...
Tags: Transport
Most of Taiwan's machine-tool makers made encouraging profits in the first third quarters of 2013 in spite of several disadvantageous developments, including the recent revaluation of the New Taiwan dollar against the U.S. dollar that has ...
Tags: Machine Tool, automated equipment
Intel expects that its workforce will decline by 5 percent as it heads into a year in which revenue is likely to be flat. Intel announced its expectations for a decline in its workforce in the wake of its fourth quarter earnings report. ...
CIOs at midmarket and large companies in Europe and the U.S. will spend 4.5 percent more on IT products and services this year than in 2013 as they focus their budget priorities on cloud computing, ERP and analytics software. That’s ...
Tags: IT budget, cloud computing
IBM faces a puzzle that might give even the world's greatest detective pause: How to grow its "Jeopardy"-conquering Watson supercomputer into a $10-billion business within a decade. The company hopes to boost Watson's profit-making ...
Tags: IBM, Watson, supercomputer, investment
Sean Lamb/Wikimedia XPO Logistics Inc. said it will acquire intermodal freight carrier Pacer International Inc. in a transaction valued at $335 million. The purchase will double XPO's expected annual revenue to $2 billion, the companies ...
G&K Services, Inc announced that it has sold its direct sale program business. Separately, the company also divested its operation in Ireland, which was the company’s last remaining clean room business. Total proceeds from the sales ...
Tags: G&K, Direct Sale Program Business
Medtronic has announced that it has acquired combination product specialist Tyrx (Monmouth Junction, NJ) for $160 million. Tyrx, a spin-off from Rutgers University, was launched in 1998 to develop products to combat surgical-site infections ...
South Korean LED maker Seoul Semiconductor says that, among companies that make LED components only, it was the only one selected by the Institute of Electrical and Electronics Engineers (IEEE) in the top 20 of its 2013 Semiconductor ...
Crocs, Inc. announced that Blackstone Group LP is making a $200 million investment that will give the private equity firm a 13 percent stake in the shoe company. Crocs also said late on Sunday that John McCarvel, its CEO, plans to retire in ...
Tags: Crocs, Blackstone Group LP, investment, John McCarvel, retirement
Tax revenues continue bouncing back from the low levels reported in almost all countries , at the height of the global economic crisis, according to new OECD data in the annual Revenue Statistics publication. The average tax revenue to GDP ...
TransForce Inc. said its acquisition of two units of Clarke Inc. will be completed by Jan. 1. All conditions for the acquisition to be finalized have been met, Montreal-based TransForce said Dec. 20. Terms were not disclosed for the deal, ...
Tags: TransForce, transportation
Dow Chemical is looking to separate about 40 manufacturing plants from its business as it continues to concentrate on moving away from cyclical commodity products. The company said it is considering joint ventures, spinoffs or sales. It ...