Images purportedly revealing the planned design of the never-released 2013 Saab 9-3 have been leaked by a Swedish automotive website. Three low-resolution screenshots of the next-generation Saab 9-3 were published by Auto Motor und Sport, ...
Tags: Saab, Leaked Images, Third-Gen Model
The solar industry believes market conditions will improve in 2013 because firms now have a consensus to stop price competition. In addition, firms that dumped products and disrupted prices now have lower inventory levels, hence the market ...
Tags: solar industry, 2013, China
A consortium of two private-equity firms has emerged as the lead bidder for the majority of Hostess Brands' cake business, including the Twinkies brand. Apollo Global Management and Metropoulos submitted a US$410m offer for the Hostess ...
Hostess Brands, the bankrupt producer of bakery products in US, has selected affiliates of Apollo Global Management and Metropoulos as stalking horse bidders for majority of its snack cake business, including Twinkies brand. Apollo Global ...
Residential and commercial tufted carpet manufacturer Gulistan Carpet Inc., Aberdeen, N.C., has filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code for the Middle District of North Carolina. The ...
Tags: tufted carpet, Gulistan Carpet, company news
Hostess Brands has named McKee Foods and United States Bakery as the stalking horse bidders for its Drake's cake business and various bread brands. In a statement released late yesterday (28 January), Hostess said that McKee Foods has ...
Tags: Hostess Brands, McKee Foods, Horse Bidders
NatureSweet Limited, a US-based grower of fresh tomatoes, is planning to acquire all the assets of EuroFresh Farms, a US-based grower of greenhouse tomatoes and cucumbers. EuroFresh Farms grows its products in two greenhouses located in ...
Hostess Brands, the bankrupt producer of bakery products in US, has selected two stalking horse bidders, McKee Foods and United States Bakery, for its Drake's snack cake brand and Sweetheart, Eddy's, Standish Farms, and Grandma Emilie's ...
The hunt for a buyer for subsidiaries of the Swedish group Karlit, which filed for bankruptcy on 6 August 2012, has ended unsuccessfully in the case of the furniture and furniture parts producers Kadax Produktion and Dax Door Produktion. ...
Tags: Karlit, furniture, Kadax Produktion, Dax Door Produktion
US-based automobile maker GM has been conducting R&D with professionals in different industries on the possibility of storing energy on used automobile lithium batteries. Digitimes Research believes if the R&D is successful, it will lower ...
Tags: automobile maker, GM, used automobile lithium batteries, storing energy
Iconic video game company Atari has filed for bankruptcy protection in the U.S. in an effort to separate operations from parent company Atari SA, which is based on France and has also filed for bankruptcy. Atari, Atari Interactive and two ...
Tags: Iconic video game, Atari, bankruptcy
Videogame maker Atari, which delighted a generation with vintage masterpieces such as Pong, Centipede and Lunar Lander, is immersed in its own life and death struggle. With arcade games predating the birth of many current generation ...
Tags: Atari, vintage masterpieces, game, bankrupt
Zacky Farms, the US-based poultry company that filed for bankruptcy last year, has announced that it will be selling its assets to The Robert D Zacky and Lillian D Zacky Family Trust, a move which will protect nearly 1,000 jobs. The trust ...
Tags: Zacky Farms, poultry company, Lillian D Zacky Family Trust
Olymel, a processor and distributor of pork and poultry products in Canada, has acquired the Canadian assets of hog producer Big Sky Farms for C$65.25m ($65.7m). Olymel noted that this acquisition is a strategic response to the challenge ...
Tags: Olymel, pork, poultry products, Big Sky Farms
In 2012, the number of Japan corporate bankruptcy was 12,124, a decrease of 4.7% compared with 2011, decreased for four consecutive years, a record low of recent 20 years. The liabilities totaled 38,345 billion yen, a growth of 6.7% over ...