A former boss of Kettle Chips maker, Diamond Foods has pledged to repay two years’ bonuses and resigned his position after a financial scandal engulfed the business earlier this year. Michael Mendes, former chief executive of ...
Tags: Bonus payments, Kettle Chips, Diamond Foods
US retailer Roundy's Inc said a "more challenging economic and competitive environment" affected results in the third quarter as profits fell. Earnings in the three months ended 1 October amounted to US$8.8m compared to $12.4m a year ...
Tags: retailer, competitive environment, profits fell, grocer
Kraft Foods plans to restructure three facilities in the US in 2013,a move which is expected to lead to a loss approximately 90 jobs at its facility in New Ulm,Minnesota. The New Ulm facility currently employs approximately 555 people.It ...
Tags: restructure, jobs, employs, full-time positions
The Dow Chemical Company announced a restructuring program designed to accelerate cost reduction actions and advance the next stage of the Company's transformation in the midst of persistently slow macroeconomic growth. These actions will ...
Tags: The Dow Chemical Company, Ribaforada, Tessenderlo, polyethylene facility
Eastman Chemical Company announced earnings from continuing operations, of $1.57 per diluted share for third quarter 2012 versus $1.26 per diluted share for third quarter 2011. Reported earnings from continuing operations were $0.99 per ...
Tags: year-over-year earnings growth, Cash generation, Sales revenue
The Jones Group Inc.reported results for the third quarter ended September 29,2012.Revenues for the third quarter of 2012 were$1,035 million,as compared with$1,043 million for the third quarter of 2011. The Company reported adjusted ...
Tags: Jones Group, third quarter results, footwear, jeanswear
Carter's Inc., the largest branded marketer in the United States of apparel exclusively for babies and young children, announced plans to consolidate its retail store and financial operations currently managed in its Shelton, Connecticut ...
On October 23,2012,at the request of the adidas Group,the Global Forum for Sustainable Supply Chains will convene a multi-stakeholder meeting of companies,international institutions,insurance experts and civil society to discuss the ...
Tags: adidas, Global Forum for Sustainable Supply Chains, workers, FLA
Google has admitted it will incur costs of $300m as "severance-related charges" following its acquisition of Motorola Mobility. Google revealed in August it would be slashing 20% of the Motorola workforce, as it planned to move away from ...
Tags: Google, severance-related charges, acquisition of Motorola
Cornell University President David J. Skorton sent a letter to adidas Team Inc. Licensing Manager Robert Leuenberger, severing the university’s business relationship with the global sports clothing manufacturer. Skorton wrote: ...
Tags: Cornell University, adidas, severance, collegiate apparel industry
Hilti is ending its in-store relationship with Home Depot after 13 years of the manufacturer's high-end tools being sold in the home improvement stores. The move affects 242 people nationwide but none in Tulsa, said Leah Kelso, director of ...
Tags: Market View, hand tool
Clal Insurance Enterprises, a subsidiary of IDB Holding, controlled by Nochi Dankner, has signed an agreement with National Indemnity Company, a subsidiary of Berkshire Hathaway, controlled by Warren Buffet, for the sale of wholly-owned ...
Google is to lay off 20%of the Motorola Mobility workforce with 4,000 redundancies worldwide,two-thirds of that number coming from outside the US. The company said it intends to ditch its standard phones as part of the move."Motorola ...
Tags: Google, Motorola, cut staff, mobile product portfolio—shifting
Yahoo global media head Ross Levinsohn, who until two weeks ago was tipped as the next chief executive, has resigned from the company. He was appointed interim CEO in May after Yahoo CEO Scott Thompson resigned over inaccuracies ...
Ross Levinsohn(pictured),Yahoo's global media head,has left the company after losing out on the CEO job to former Google executive Marissa Mayer. Yahoo's global media head acted as Interim CEO after Scott Thompson quit as the company's ...