Major shareholder wants a peek at the books. The New York State Common Retirement Fund (Fund) has filed a suit against Qualcomm in a Delaware court seeking the right to inspect the company's books and records to see whether shareholder's ...
Tags: Major shareholder, Common Retirement Fund, Political Spending
OJSC Magnitogorsk Iron and Steel Works announced that the company held an extraordinary general meeting of shareholders (in the absentee vote format) on Saturday, December 29th 2012. Shareholders have by the majority vote approved the ...
Tags: OJSC Magnitogorsk Iron, Steel Works, MMK, issued stock
Finland-based meat group HKScan has streamlined its subsidiaries in its home country as part of a cost savings programme. HKScan said today (2 January) that HK Ruokatalo Oy has become a wholly owned subsidiary of HKScan Corp. The ...
Tags: HKScan, cost savings programme, meat, company news
Japanese c-store retailer FamilyMart has announced that Itochu executive Isamu Nakayama will replace Junji Ueda as its president and CEO. FamilyMart's board of directors approved the move at a meeting on 27 December, although it ...
Tags: FamilyMart, Isamu Nakayama, food industry, company news
Targeting NAS market Lenovo and EMC announced they have completed the formation of LenovoEMC Ltd, the joint venture previously announced in August 2012 along with a wider strategic partnership in industry standard servers and networked ...
Tags: Lenovo, EMC, joint venture, LenovoEMC Ltd
Cal-Maine Foods has booked a 39% drop in second-quarter earnings, as revenue growth failed to offset higher costs. The company said earnings dipped to US$14.3m in the quarter to 1 December, down from $23.3m in the comparable period of ...
Tags: Cal Maine Foods, eartnings, company news, food industry
Apple raised CEO Tim Cook's salary by 55% for 2012 and awarded him a $2.8 million bonus, but said the chief executive's pay was still "significantly below the median" of comparable firms. "Mr. Cook remains significantly below the median ...
Smartphone manufacturer HTC is confident it can turn its fortunes around after a poor 2012. Shares in the Taiwanese firm have dropped by as much as 80 per cent since 2010, as sales of devices such as the HTC Desire have suffered at the ...
Tags: HTC, Apple, Samsung, Smartphone Market
Linpac Allibert and Schoeller Arca Systems (SAS) have merged to form a new plastic reusable transit packaging (RTP) company called Schoeller Allibert. The collaboration enables customers to benefit from direct access to a broader range of ...
Tags: Linpac Allibert, Schoeller, new reusable transit, packaging company
Global consumer packaging group Rexam has received approval from the Chinese authorities and hopes to complete the sale of its Cosmetics, Toiletries and Household care products business for $459m to Sun European Partners’ affiliate. ...
Tags: Rexam, consumer packaging, Household care products, Food business
Driller Transocean has agreed to pay $1.4 billion in fines and penalties and to plead guilty to one count of violating the Clean Water Act in connection with the 2010 Deepwater Horizon explosion and spill in the Gulf of Mexico, the US ...
PPG Industries announced that it has commenced its exchange offer related to the split-off transaction of its commodity chemicals business.The split-off transaction is in connection with the separation and merger of Eagle Spinco Inc.,a ...
Tags: PPG Industries, Commodity Chemicals Business, split-off transaction
Bebe stores, inc. announced a Chief Executive Officer succession and said that Steve Birkhold will join the company as CEO, effective immediately. Mr. Birkhold will succeed Manny Mashouf, bebe’s founder, Chairman and current CEO, who ...
Tags: Bebe stores, CEO, Steve Birkhold, apparel
CLOPPENBURG, Germany (BRAIN) — Pon Holding’s German subsidiary is now the sole owner of Derby Cycle and has moved to de-list the company from the Frankfurt Stock Exchange. Pon Holding Germany GmbH paid Derby’s minority ...
Tags: Pon Holding, Derby Cycle, Frankfurt Stock Exchange, company news
Welspun India Ltd., a part of the $ 3.5 billion Welspun Group announced that the merger scheme has come into effect. The consolidated results post merger, for FY 2012 has also been announced. The High Court of Gujarat at Ahmedabad by its ...
Tags: Welspun, India, Welspun Group, textile business