Navistar continues to be dogged by warranty issues related to its previous emissions strategy, and today announced a $154-million loss for the fourth quarter. Still, it was a marked improvement from the Q4 loss of $2.8 billion the company ...
Tags: transportation, Navista
In an earnings call today, ccTroy Clarke said the company’s Q4 loss was in part due to “unanticipated pre-existing warranty adjustments” for its EGR-only engines, but that the company is halfway through the maximum ...
Tags: order, auto parts
Britain's biggest retailer Tesco has delivered "poor" third quarter results – with like-for-like sales down 1.5% – 18 months after launching its £1bn turnaround plan, according to City analyst Shore Capital. Tesco's ...
Tags: Agriculture, Food
Navistar International's losses continue to mount, though the company says its order board is strengthening and the addition of the Cummins ISB mid-range engine sets its medium-duty business up for a turnaround. The company this morning ...
Tags: Transportation, Auto Parts
Premier Foods will continue to develop its Power Brands and deliver a further £10M of cost savings this year, according to a statement accompanying its half-year results posted today (July 23). Gavin Darby, chief executive officer, ...
Tags: Premier Foods, Agriculture
Hewlett-Packard's board of directors has received a major infusion of software know-how, with the addition of former Microsoft chief software architect Ray Ozzie . Ozzie is one of three new board members HP announced Monday, along with ...
Tags: Computer Products, HP
Japan Polypropylene is currently operating its Kashima-based polypropylene (PP) plant at a lower capacity. “The PP plant is operating at 80 percent production capacity levels due to weak demand in the region,” a company ...
Tags: Polypropylene, PP
Saying that its reorganized management structure is in place and that it is making progress in its turnaround plan, Quiksilver still has much work in front of it as it reported a loss of $32,385,000 for the second quatter ended Apr.30 this ...
Tags: Quiksilver, Sporting Goods
New Look announces full year results for the 53 weeks to 30th March 2013.New Look EBITDA jumps 29% driven by successful turnaround and 50% increase in online sales. Financial Highlights - Group Sales +2.5% to £1.48bn Group ...
Tags: Apparel, Look Group
Japan's Sharp booked another huge loss on Tuesday, and unveiled its latest turnaround plan, which includes relying on partnerships with Samsung Electronics and Foxconn Technology Group for business, sacking top management, and expanding ...
Tags: Sharp, LCDs, Electronics
Callaway Golf Company Announces Revenue And Earnings Growth; Reiterates Full Year Earnings Guidance; And Reports Turnaround Plan Is On Track - 2013 first quarter earnings per share of $0.47, compared to $0.37 in 2012 - 2013 first ...
Tags: Callaway Golf, Apparel
As Opel continues to face losses, the European arm of General Motors has approved the closure of a German plant, at the cost of more than 3000 workers. Reuters reports Opel‘s decision to cease production at its 50-year-old Bochum ...
Tags: Opel, German Plant Closure
DOUGLAS HOLDING AG has proposed Bernd Beetz and Ronald van der Vis as new members of the company’s supervisory board. The vote will take place at the annual general meeting on May 28, 2013. The tenures of Claus-Matthias Böge and ...
Tags: Douglas Holding, Apparel
Qantas CEO Alan Joyce. Photo courtesy of the ABC. The Qantas Group has announced statutory profit after tax of $111 million and underlying profit before tax of $223 million for the six months ended 31 December 2012. This includes $125 ...
Tags: Qantas, statutory profit, underlying profit, company news
UK retailer Tesco booked better-than-expected UK sales over the key Christmas trading period as the group benefited from the various initiatives under its domestic turnaround plan. The group has invested in improving its customer ...