Hershey today (7 September) announced a deal to take full control of its Indian venture, which has been the subject of speculation for months. The US confectioner will buy a 49% stake in the loss-making venture held by Indian conglomerate ...
Tags: JV partners, JV subject, potentially sick
Reuters reports that top oil trader Vitol has apologised to the Iraqi government for buying Kurdish oil that was exported via Turkey without Baghdad's permission. Iraqi Oil Minister Abdul-Kareem Luaibi[Elaibi]said on in Vienna: "In ...
Tags: Vitol, oil, Kurdish oil, Iraqi
Dutch food group Wessanen has taken full control of frozen food maker Favory Convenience Food. It has bought the 35.9% stake it did not already hold from Rabo Capital for EUR5m (US$6m). Wessanen is looking to maximise the value of its ...
Tags: Wessanen, frozen food, Favory Convenience Food, takeover
Singapore conglomerate Fraser and Neave has booked a drop in annual profits from its dairy business after production was hit by the floods in Thailand late last year. F&N, which is the subject of a takeover battle, reported its results ...
Tags: dairy profits, dairy, dairy business
AAP reported that iron ore miner Fortescue Metals has sought to reassure shareholders that the economic credentials of its biggest customer, China, remain sound following the country's recent leadership transition. Mr Nev Power CEO of ...
Tags: iron ore, Fortescue Metals, iron ore miner
US producer of primary and fabricated aluminum, Alcoa has taken full control of Evermore Recycling, which is now a part of Alcoa’s Global Packaging group and will continue to be based in Nashville, Tennessee, US. Earlier, Alcoa and ...
Tags: fabricated aluminum, sustainable package, recyclable aluminum can
Fresh Del Monte Produce reported that its net earnings for the third quarter of 2012 soared 93%to$23.5m,compared to$12.2m in the same period the previous year. According to the company financial results were recorded for the quarter ended ...
US-based Kraft Foods has entered into an agreement to gain full control of Morocco's leading cookie firm Bimo from National Investment (SNI), an investment vehicle owned by Morocco's royal family, for MAD1.31bn ($151m). Under the ...
Indian automobile firm Tata Motors and Italian automaker Fiat have ended their distribution pact, clipping their six-year sales relationship. Following the deal, Italian car maker will take full control of sales, marketing and service ...
Tags: Tata Motors, Fiat, distribution pact, engines, transmissions
France - The French distribution company Dimatec has made a substantial investment in a range of Philips Selecon LED luminaires. Dimatec, which distributes and imports the world's leading lighting equipment brands to service film, ...
Tags: Philips, LED luminaires, lighting equipment, lighting instrument
Diversified Technologies has introduced a new pasteurization system, which eliminates the use of heat and chemicals. The new system, which uses PEF (pulsed electric field) technology, does not alter the flavor of liquefied food products, ...
Tags: new pasteurization system, PEF pulsed electric field technology
MiX Telematics, a driver safety, vehicle tracking and fleet management solution provider, has unveiled its MiX Track fleet management solution for the Asian market. The new system is claimed to be an ideal solution for fleet operators, ...
Tags: MiX Telematics, fleet operators, fleet management system
Lobbying among countries and various special interests to"take control"of the internet is intensifying in advance of the International Telecommunications Union(ITU)World Conference on International Telecommunications in Dubai next week. ...
Tags: UN, ITU, ITRs, World Conference on International Telecommunications, Dubai
More specialist teachers in science and computer science are needed for primary school children,a report from CBI has called for today. The First Steps:A new approach for our schools report is being launched at the CBI Annual Conference ...
Tags: CBI reports, computer science teaching reforms, UK education system
Finally, hybrid buyers who want a practical, roomy hatchback have a choice other than the Toyota Prius. And based on our first impressions, the new Ford C-Max is also far more engaging to drive than any Prius variant. The practical, funky ...
Tags: hybrid, roomy hatchback, Toyota Prius, buyers, C-Max, little van