London based underwriter Aviva has entered into a settlement agreement to transfer its entire holding in Spanish joint venture (JV) Aseval to lender Bankia for 608m (£494m) in cash, which will be held in trust. Pending receipt of ...
Tags: insurer, insurance, cash earnings, Aviva
Fruit of the Loom, one of the largest manufacturers and marketers of underwear, intimate apparel, casual wear, athletic apparel, athletic uniforms, and sporting goods, To optimize business processes and integrate multiple acquisitions into ...
Oracle is planning to broaden the footprint of its cloud software portfolio with seven new services covering developer team services, analytics, collaboration and other areas, Executive Vice President of Product Development Thomas Kurian ...
Tags: Oracle, cloud software portfolio, new services, Salesforce.com
Oracle announced it is expanding its Oracle Cloud services portfolio, during a talk at the OpenWorld conference in San Francisco this week. Thomas Kurian, Executive Vice President, Oracle Product Development, delivered the talk, and ...
Tags: cloud, Jave Larry Ellison, OpenWorld, Oracle, Oracle Cloud, Oracle database
SAP reported Wednesday double-digit revenue growth in the third quarter, benefiting from a strong performance in the Americas and double-digit growth in the Asia-Pacific and Japan region, and high demand for its new technologies like HANA ...
Tags: acquisition, Ariba, SAP, technologies
Tata Consultancy Services on Friday reported strong revenue and profit growth in the third quarter, citing a pick-up in discretionary spending by customers. Revenue in the quarter for India’s largest outsourcer was US$2.85 billion, ...
Tags: Tata Consultancy Service, revenue, profit growth, company news
On 7 December 2012, The Monarch Cement Company elected Steve Sloan to serve on the board effective immediately to fill the unexpired term of independent director Richard N Nixon, whose resignation was effective 31 October 2012. Sloan, ...
Tags: Monarch Cement Company, Steve Sloan, company news, cement
Allianz Life Insurance Company of North America has appointed Steve Thiel as the vice president of actuarial reporting and analysis, for timely reporting of actuarial balances while analyzing the financial performance. Serving as ...
Brady plc the leading supplier of trading and risk management solutions for metals recycling energy and soft commodities announced that Onesteel Recycling Asia has selected Brady to manage its physical trading and risk requirements for its ...
Tags: scrap metal company, metal recycling, scrap recycling, recycling aluminum
US cereal maker Post Holdings has recorded an increase in third-quarter profits and reaffirmed its outlook for the year. In the three months to the end of June, earnings reached US$15.8m, compared to $1.6m in the prior-year quarter, when ...
Tags: Post Holdings, cereal market, profits, earnings
UK sugar-to-dessert group Real Good Food Company has booked a 62% increase in EBITDA on strong sales gains. EBITDA for the 15 months to 31 March rose to GBP9.1m (US$14.3m) on sales that increased from GBP249m to GBP305.5m. Key trading ...
Tags: Real Good Food, sales gains, increase, company news
Finnish food group Raisio has established two branded divisions, which will run its consumer and licensed products. Paul Simmonds, who oversaw UK snack firm Glisten prior to its acquisition by Raisio, has been appointed vice president of ...
Tags: branded divisions, food, licensed products, snack firm, snack
Nasdaq has handed US snack maker Diamond Foods more time to become up-to-date with its financial reporting. The US stock exchange warned in June Diamond could be delisted for missing the deadline to file already-delayed accounts. ...
Shares in Kettle Chips owner Diamond Foods tumbled yesterday (15 November) after the US company posted lower earnings for 2010 and 2011 in restated accounts - and booked a loss for the first three quarters of its current financial year. ...
Tags: Diamond, outlook, financial reports
South African poultry group Astral Foods has booked a 23% drop in full-year earnings on higher grain prices and greater competition from European and South American poultry importers. Net income fell to ZAR392m (US$38m) in the year to end ...
Tags: Astral Foods, drop, earnings, corn costs