DuPont announced fourth quarter 2013 operating earnings of $.59 per share compared to $.20 per share in the prior year. GAAP earnings from continuing operations were $183 million or $.19 per share, versus $4 million or zero per share last ...
Fiat North America (FNA), a wholly-owned subsidiary of Italian car maker Fiat, has acquired remaining 41.4% stake in American automaker Chrysler. Earlier this month, the Italian car maker Fiat announced that it will purchase the remaining ...
Unilever reported that its 2013 turnover was down 3% to €49.8 billion with foreign exchange 5.9% and net acquisitions and disposal 1.1% Finance costs and tax The cost of financing net borrowings in 2013 was €397 million versus ...
Tags: Unilever, foreign exchange
UPS Freight employees in the Teamsters union approved a five-year agreement that gives workers a total $2.50 per hour wage boost that the union said makes them the best-paid drivers in the less-than-truckload industry. The tentative ...
Tags: UPS, UPS Freight, Transportation
YRC Worldwide's truck drivers and other employees, represented by Teamsters Union, have rejected a proposal to extend the current labour contract to 2019. Members voted over the past several weeks and ballots were counted Thursday. The ...
Tags: Transportation, Auto Parts
Resilience Capital Partners has acquired the direct sale business of G&K Services through its newly-formed platform company, Affinity Specialty Apparel, Inc. Affinity sells and distributes occupational apparel and services, including the ...
Tags: Apparel, Accessories, Uniform
Macy's, Inc. announced that its comparable sales, together with comparable sales from departments licensed to third parties, rose 4.3 percent in the 2013 holiday shopping season the months of November and December combined compared with the ...
Tags: Macy, comparable sales, rise, holiday shopping season
One of the world's largest LTL carriers, the financially-troubled YRC Worldwide, hopes to borrow $1.15 billion to refinance its debt, according to Bloomberg News. Bloomberg News reports the deal, led by Credit Suisse Group AG, includes a ...
Tags: Trucking News, Trucking, Truck Giant
Joe Boris Local Teamsters leaders cleared the way for members in UPS Inc.'s Freight unit to vote on a new tentative contract that comes seven months after the company's original proposal was rejected by the union by a wide margin. The ...
Tags: UPS Inc, Local Teamsters, Freight unit, tentative contract
Italian car maker Fiat is set to purchase remaining 41.4% stake in American automaker Chrysler Group in an agreement with the US auto workers' pension fund VEBA Trust for $3.65bn. The move forms part of the company's plan to merge both ...
Tags: FIAT, Chrysler Group
The Moscow Exchange is transferring Gazprom's shares from the Non-Listed Securities Register to the Quotation List A Level 2 (QL A2). "Gazprom sustains sound financial stability. The Company has a transparent business structure, an open ...
Tags: Moscow Exchange, Gazprom, transfer shares, Non-Listed Securities Register
John Lewis has announced plans to open a 45,000 sq ft at home store in Horsham as early as autumn 2015. The shop, adjoining Waitrose in the new West End development owned by Westrock and the British Airways Pension Fund, will be the third ...
Tags: Furniture, Furnishing
YRC Worldwide Inc. has reached an agreement with some of its creditors to reduce its debt by about $300 million, a move the carrier said is a key to obtaining new concessions from the Teamsters union. As a result of the agreement, YRC's ...
Tags: YRC Worldwide, Teamsters union, reduce debt
AK Steel provided guidance for its fourth quarter of 2013 financial results Wednesday, saying it expects to realize net income of $0.02 to $0.06 per diluted share of common stock, excluding the effects of a potential non-cash income tax ...
The mood among consumers in Germany is again remarkably good as 2013 draws to a close. Further increases were recorded in economic expectations and willingness to buy. Income expectations declined slightly from a high level. Following a ...
Tags: upswing, consumer climate, economy