Falling hardware sales and the cost of layoffs hit IBM's profit hard in the first quarter, sending it down 21 percent from a year earlier.? Sales also fell, sliding 4 percent from last year's first quarter to US$22.5 billion. The ...
Tags: IBM, Hardware, Computer Products
Due to the surging demand for rooftop solar panels from the U.S. to Japan, investment in clean energy rose by 9% in the first quarter comparing to the same period in 2013, says Bloomberg. Bloomberg New Energy Finance (BNEF) indicated ...
Tags: Solar Power, LED Clean Energy
Chinese inquiries for imported thermal coal have picked up amid stabilizing domestic prices and lower freight rates, but a wide bid-offer spread continues to deter spot deals, sources said Tuesday. Australian suppliers have raised their ...
Finland-based stainless steel producer Outokumpu said Monday it has seen a small upturn in stainless demand and is cautiously optimistic about forward prospects. CEO Mika Seitovirta told the company's annual general meeting of ...
Tags: Finland, stainless steel
ITMA ASIA+CITME 2014 will take place in Shanghai next June 16-20. It will be another opportunity to connect with the French Textile Machinery manufacturers. The French offer is very large as France is the 6th textile machinery exporter ...
Tags: Textile Machinery, Textile, Cotton, apparel, home textiles
On April 14, Mika Seitovirta, CEO of Finland-based stainless steel producer Outokumpu, stated at the company's annual general meeting that in 2013 the weaker-than-expected market and the remedy requirement set by the European Commission ...
Tags: Outokumpu, stainless steel
Being held concurrently with Intertextile Shanghai Apparel Fabrics – Spring Edition 2014 which brought synergistic effects, the pavilion saw a growth of over 200% in its visitor number from last year, while the top five overseas ...
As of April 7, inventory of iron ore at 33 major Chinese ports amounted to 108.28 million mt*, as announced by China's Xinhua News Agency. As of the same date, the Xinhua-China Iron Ore Price Index for imported iron ore with 62 percent ...
Tags: Iron Ore, Metallurgy, Mineral
Ferromolybdenum prices struggled to keep pace with rising molybdenum oxide prices as the market remained cautiously optimistic, sources said Tuesday. Platts assessed its daily dealer molybdenum oxide price at $11.50-11.70/lb, up from ...
Tags: Ferromolybdenum, Oxide Powder
Turkish mills continued to buy scrap at higher levels Monday despite the increased raw material cost, meaning margins for finished steel ebbed away. The US re-entered the market with a deal from a New Orleans source at $388/mt for 25,000 ...
Tags: Steel Scrap, Turkish mills
Patients with spinal cord injuries and other forms of paralysis have reason to be optimistic, thanks to recent advances in the use of spinal-cord stimulator devices to regain some lower limb function. A recently announced study reporting ...
The Association of American Railroads (AAR) reported Thursday increased US rail traffic for March 2014, with both carload and intermodal volume increasing compared with March 2013. Intermodal traffic in March totaled 1,025,907 containers ...
European polyethylene converters have rejected contract prices increases for April announced by PE producers, they said this week. PE producers announced increases of Eur20-40/mt, while converters were eyeing at a rollover in prices. ...
Tags: Chemicals, Polyethylene, PE
The purchasing managers' index (PMI) for China's non-manufacturing sector dropped 0.5 percentage points in March from a month earlier to 54.5 percent, data showed on Thursday. The index tracks activity in a number of sectors, including ...
Tags: China's PMI, Non-Manufacturing PMI
LED pricing declined 5-9% in first-quarter 2014 as distribution channel inventory levels gradually returned to norm and manufacturers stocked up before the China May Day holidays, according to LEDinside. Looking ahead, the firm added that ...
Tags: Ultra HD TV, Lighting Demand, LED 1Q14