Business Line reported that Lanco Infratech Ltd is close to selling stake in its holding company and in the special purpose vehicles,while some of its strategic investors Genting and Doosan may exit. The diversified infrastructure ...
Tags: Lanco Infratech Ltd, NTPC, Genting, Doosan
Moody's Investors Service on Tuesday placed Alcoa Inc's Baa3 senior unsecured and Prime-3 short term rating under review for downgrade, reflecting the headwinds facing the company due to the decline in aluminum prices. The outlook was ...
Tags: Moody, Investors Service, aluminum price, aluminum
The sharemarket fell slightly in quiet trading yesterday as global equity markets awaited the outcome of negotiations to avoid the so-called fiscal cliff that threatens to slow the US economy next year unless politicians reach agreement on ...
Tags: sharemarket, fiscal, Banks, Share trading volume
US retailer Safeway Inc has booked an increase in third-quarter earnings, helped by one-time items, but reported a drop in operating profit as it battled weak consumer confidence. The company said yesterday (11 October) net profit ...
Tags: Safeway Inc, earnings, operating profit, consumer confidence
The established markets of UK meat processor Hilton Food Group are under pressure, according to analysts, despite first-half results coming in above some expectations. The company this morning (11 September) reported flat half-year ...
Tags: Hilton, meat processor, Food Group, Food
Hologic, a developer of diagnostic, medical imaging and surgical products, has purchased Gen-Probe for a total net purchase price of $3.8bn. Under the acquisition, Gen-Probe will now be integrated into Hologic as a subsidiary. Following ...
Tags: Hologic, surgical products, Gen-Probe, acquisition, subsidiary, transaction
Australasian food company Goodman Fielder has entered into an agreement to sell its Integro oils business to a consortium comprising GrainCorp and Gardner Smith for A$170m($176m). The sale does not include the out-of-home business in ...
Tags: agreement, Integro oils, divestment
US based Smith Electric Vehicles has reduced its production target by nearly 40% due to supply troubles. The company had planned to produce 620 vehicles in 2012 but now is aiming for 380. In the first six months of 2012, the company ...
Tags: smith electric vehicles, commercialise all-electric school buses
Textured Jersey Lanka PLC(TJL),Sri Lanka's premier manufacturer of knit fabric,demonstrated its operating excellence by doubling net profits for the quarter ended 30 September 2012(2Q FY2012/13),as per the financial results released to the ...
Tags: Textured Jersey Lanka, knit fabric, net profits, financial results
Freescale Semiconductor CEO Gregg Lowe is pushing forward a major restructuring of the loss-making chip firm. "We conducted a thorough and extensive review of all our businesses,markets and regions during my first three months,"said Lowe. ...
Tags: Freescale, MCU, restructure
CORTE MADERA, Calif. -- Restoration Hardware says it expects its planned initial public offering of stock will be priced at $22 to $24 per share, raising about $114 million to $124 million for the home furnishings retailer. Restoration ...
Tags: Hardware
Despite hawkish stance of Competition Commission of Pakistan and an oversupply of around 13 million tons in the sector,the Kohat Cement Company Limited(KOHC)has been aggressively pre-paying its long-term loans,which is not only decreasing ...
Tags: Kohat Cement capacity utilisation, Service, Construction&Decoration