In its pre-budget memorandum, the Tirupur Exporters’ Association (TEA) among many demands has asked for extension of rupee export credit at 3 per cent interest rate subvention, import of specialty fabric using export performance ...
Canadian province Ontario is entering into a partnership with auto parts manufacturer Linamar, under which the company will invest $506.8m in the region. About $50.25m out of the $506.8m is expected to be given by Ontario for the creation ...
Tags: Linamar, auto parts
MeadWestvaco Corporation has announced that its board of directors has approved a plan to fully separate its Specialty Chemicals business from the rest of the company. The separation is expected to be executed by means of a tax-free spinoff ...
Goodway Machine Corp. and Tongtai Machine & Tool Co., Ltd. are expected to join the NT$10 billion (US$322.58 million at US$1:NT$31) revenue club of Taiwan's machine-tool sector in Taiwan with consolidated revenue in 2015. Only a handful ...
Tags: machine-tool sector, Manufacturing
Posted in Medical Device Business by Chris Newmarker on January 12, 2015 The Irish High Court has agreed to hold a hearing January 26 to decide on the proposed $48 billion merger between Medtronic and Covidien, according to a Monday ...
Tags: Medical Device Business, U.S.tax, Health
Lululemon Athletica Inc. upgraded its net revenue and earnings guidance for the fourth quarter of fiscal 2014 ahead of its presentation at the ICR XChange investor conference on Monday. For the fourth quarter ending Feb. 1, Lululemon now ...
Tags: guest experience, international expansion efforts, Sporting Goods
China raises the consumption tax on oil products beginning Tuesday. This will be the third increase in as many months, following one on Nov 29 and another on Dec 13. The sharp drop in the price of crude oil since late June has been ...
Tags: consumption tax, oil products
In the first quarter of fiscal 2015 ended November 29, 2014, net sales rose 2.3 per cent to $2.56 billion from $2.50 billion in the first quarter of fiscal 2014 at US based retailer, Family Dollar. Comparable store sales for the 13-week ...
Tags: customer transactions, depreciation, property taxes, Apparel
Canadian cookie manufacturer Creative Food Ingredients will add 75,000ft2 area to its existing facility in Perry, in order to drive production, aiming for increased output at reduced costs. Construction for the additional space is ...
Tags: mortgage, sales tax exemptions, Agriculture
Apparel marketer and NYSE listed, PVH Corp said it will close its Izod retail division, with the closing expected to be completed by the end of fiscal 2015. “However, the closure of the retail business is not expected to impact the ...
Constellation Brands, a beverage alcohol company, reported its third quarter 2015 results. "We achieved outstanding results for the third quarter driven by the exceptional on-going momentum for our beer business. This industry leading ...
China plans to levy a resources tax on coal based on sales value instead of production volume, as well as scrapping arbitrary levies on coal miners starting from December 1, taxation and fiscal authorities said over the weekend. ...
Tags: Resources Tax, Coal
Posted in Medical Device Business by Nancy Crotti on January 8, 2015 The medical device tax is the issue that won’t go away. Elected officials and medical device companies began railing against Obamacare’s medical device tax ...
Tags: medical device tax, Health
Specialty womenswear retailer, The Wet Seal said it was closing 338 retail stores or around 66 per cent of its store count, effective on or about January 7, 2015. The apparel retailer decided to close the stores after assessing its ...
A comprehensive strategy aimed at the textile and clothing industry, allowing secure employment for more than 450,000 families belonging to the sector, and to promote competitiveness of enterprises, as well as to create legal and equitable ...