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Volvo Group Is Set to Expand Its Powertrain Manufacturing Plant

Oct 22, 2013

Swedish vehicle and vehicle parts manufacturer Volvo Group is set to expand its powertrain manufacturing plant in Hagerstown, Washington County, Maryland, with an investment of $30m. The company, one of the world's largest producers of ...

Tags: vehicle, vehicle parts, Volvo Group

Toyota Issued a Voluntary Safety Recall of Approximately 803,000 Vehicles

Oct 22, 2013

Toyota Motor Sales USA has issued a voluntary safety recall of approximately 803,000 vehicles over a problem with the air conditioning condenser unit housing. Models under this recall include model year 2012-2013 Camry, Camry Hybrid, ...

Tags: Toyota Motor, Vehicles

QBP and Ridley Bicycles Are Ending Their Distribution Agreement Feb. 1

Oct 22, 2013

Quality Bicycle Products and Ridley Bicycles are ending their distribution agreement Feb. 1. QBP had distributed Ridley's road and cyclocross bikes in the U.S. market since 2009. QBP will continue to support dealers and promote the Ridley ...

Tags: Transportation, bike

Hinshaw Said The New High-End Scott & DuVal Line Has Won Rave Reviews

Oct 22, 2013

"Wow!" That's Eric Hinshaw's concise answer when asked what retailers are saying about his new high-end Scott & DuVal line. Hinshaw, the former Kingsdown executive who heads the new luxury bedding division being launched here by Carolina ...

Tags: Furniture, Furnishing

Dangdang Third-Quarter Revenue Is Lower Than Expected

Oct 22, 2013

Chinese online retailer Dangdang said that third-quarter revenue is lower than expected. Beforewards, Dangdang reduced the sales of low margin products to improving its profits. Dangdang US depository receipt reduced 7% in after-hours ...

Tags: Dangdang, online retailer

PPG Has Improved Glass Segment Sales to Thank in Some Small Part for It

Oct 21, 2013

PPG enjoyed record third-quarter results, and the company has improved glass segment sales to thank in some small part for it. The company’s glass segment netted $278 million for the quarter, an increase of $16 million year over ...

Tags: PPG, financial performance

Make a Turn for The Better and Ultimately Affect 2013 Annual Performance

Oct 21, 2013

The 3Q performance for the new Harvetek Hsinchu factory profits were driven up due to rising utilization rates, said the company Chairman Billy Wang. The company expects 3Q results to make a turn for the better and ultimately affect 2013 ...

Tags: Harvatek, Lighting

ACE USA Has Appointed Teresa Black as The New Senior Vice President & CEO of ACE USA Suret

Oct 21, 2013

ACE USA has appointed Teresa Black as the new senior vice president & CEO of ACE USA Surety, to lead the underwriting team and develop and cultivate new client and broker relationships. Reporting to Stephen Haney, division president, ACE ...

Tags: Teresa Black, insurance industry

Carvel Created The Brand New Witch Cake to Add Some Fright -- and Delight -- to Halloween

Oct 21, 2013

Here's something to scream about: Carvel... America's Freshest Ice Cream, has created the brand new Witch cake to add some fright -- and delight -- to Halloween this year. The new cake joins returning classic cakes and novelty treats ...

Tags: Carvel, Cake

Fonterra Plans a N$72m Expansion Project at Its Mozzarella Plant in Clandeboye

Oct 21, 2013

Fonterra, a dairy co-operative in New Zealand, plans a N$72m ($60.72m) expansion project at its mozzarella plant in Clandeboye, Canterbury, aimed at strengthening its global foodservice capabilities. The foodservice segment includes full ...

Tags: Fonterra, Canterbury Plant

Murray Goulburn Launched a a$420m Bid to Acquire WCB

Oct 21, 2013

Murray Goulburn, an Australian diary co-operative, has launched a A$420m ($404m) bid to acquire Warrnambool Cheese and Butter (WCB), following Canada's Saputo C$378m bid earlier this month. The proposal would create one of the largest ...

Tags: Murray Goulburn, Cheese, Butter

Foodlink, Locus Traxx Worldwide Provided a Single Platform for Retailers and Partners

Oct 21, 2013

FoodLink, a US-based supply chain and commerce solutions provider, has teamed up with Locus Traxx Worldwide, a monitoring and real-time reporting solutions provider, to provide a single platform for retailers and partners to track produce ...

Tags: Foodlink, Traceability Platform

California Wholesale Store Recalls Additional 14,093 Units of Rotisserie Chicken Products

Oct 21, 2013

Costco’s El Camino Real store in San Francisco, Calif., is recalling an additional 14,093 units of rotisserie chicken products that may be contaminated with a strain of Salmonella, the U.S. Department of Agriculture’s Food ...

Tags: Chicken Products, Salmonella Contamination

Unilever Unveils Two New Spreads

Oct 21, 2013

Unilever, an Anglo-Dutch multinational consumer goods company, has unveiled two new spreads, I Can't Believe It's Not Butter! Deliciously Simple and Country Crock Simply Delicious. Featuring simplified recipes, the creamy spreads are a ...

Tags: Unilever, consumer goods

PepsiCo Reports Core Earnings Per Share of $1.24 for The Third Quarter of 2013

Oct 21, 2013

PepsiCo, Inc. today reported core earnings per share of $1.24 for the third quarter and organic revenue growth of 3.3 percent for the quarter. Organic revenue grew 3.9 percent year to date and core constant currency EPS increased 12 percent ...

Tags: PepsiCo, organic revenue growth