Vitro announced yesterday it has initiated a process in a Mexican court aimed at recovering close to $1.6 billion USD in damages resulting from lawsuits which placed the company and 17 subsidiaries into involuntary bankruptcy, later ...
Tags: Vitro, Mexican glassmaker, glass, Construction
The US hedge fund Strategic Value Partners(SVP)has submitted a take-over bid for the film producer Kl ckner Pentaplast(KP),the Financial Times has reported.Bank representatives feel that it is likely that the present owner,Blackstone,and ...
Tags: SVP, Stake in Kl Ckner Pentaplast, Kl ckner pentaplast
The Dow Chemical Company reported sales of $13.6 billion, down 10 percent, or 7 percent on an adjusted sales basis. The decline was led by Europe, which decreased 10 percent on the same basis driven by adverse currency conditions totaling ...
Appointment of administrators,sale of the business and cancellation of listing following receipt of final offers for the business and assets of JJB Sports plc and the suspension of the company's ordinary shares on 24 September 2012,the ...
Nike Inc. reported financial results for its fiscal 2013 first quarter ended August 31, 2012. Strong demand for Nike, Inc. brands propelled first quarter revenue to new record highs. As expected, diluted earnings per share were lower due to ...
Tags: Nike, Mark Parker, diluted earnings per share, gross margin
Rice has drawn heavy fire from Republicans for remarks she made in the aftermath of a September 11 attack on the U.S. mission in Benghazi, Libya, in which four Americans were killed, including Ambassador Chris Stevens. "I am highly ...
Tags: Chemicals, Susan Rice, State Candidate, Secretary
Gartner expects total semiconductor revenue to reach $342bn in 2014 Worldwide semiconductor revenue will hit $311bn in 2013, an increase of 4.5% from 2012, according to analyst house Gartner. The report also revised the fourth quarter ...
Tags: semiconductor, Gartner, Worldwide semiconductor, analyst
Lakeland Industries Inc., a leading global manufacturer of industrial protective clothing for industry, municipalities, healthcare and to first responders on the federal, state and local levels, announced financial results for its second ...
Tags: Lakeland Industries Inc., industrial protective clothing
Is the PE backed, Indian apparel retail industry growth story falling apart or turning sour? Considering the increasing number of garment retailers who are suffering from growing debt pressures, more so those funded by Private Equity (PE) ...
Tags: PE backed, Indian apparel retail industry, apparel retailers
PTI reported that Essar Shipping is planning to convert around INR 800 crore of total INR 5,500 crore debt into dollar loans to bring down the interest burden. Mr AR Ramakrishnan MD of Essar Shipping said that "We are planning to convert ...
Tags: interest burden, financing cost, domestic and foreign banks
Cameleon Software (FR0000074247), market leader in product design, sales configuration, and quotes and proposals software, announced its provisional net income for the first half of 2012, approved by the Board of Directors meeting held ...
Tags: Cameleon Software, product design, sales configuration, software
After nearly a 2 year long lull, construction equipment makers are looking forward to early signs of revival of domestic mining and road construction sector. The revival has come at a time when construction equipment market in the rest of ...
Tags: construction equipment, domestic mining, road construction sector
THE Australian sharemarket hit a fresh 17-month high today as US lawmakers inched closer to a deal on the fiscal cliff problem. Utilities, energy, industrials, telecommunications, materials and financial stocks mostly rose despite some ...
Tags: Investor Sentiment, fiscal, cliff problem
The Dixie Group Inc. reported financial results for the third quarter ended September 29, 2012. In the third quarter of 2012, the company had sales of $65,822,000 and income from continuing operations of $269,000, or $0.02 per diluted ...
Tags: Dixie Group, financial results, Q3, sales, operations
AkzoNobel announced on Friday the sale of its North American Decorative Paints business to PPG Industries at a value of$1.05 billion.The deal includes cash proceeds of$875 million which will be used for investment and debt reduction by ...
Tags: Decorative Paints, Akzonobel, PPG