Taiwan-based Sino-American Silicon Products (SAS) has revealed that its subsidiary GlobalWafer, a silicon wafer maker, has reduced GlobalWafer Japan's paid-in capital by JPY10 billion (US$100.5 million) from the original JPY16.967 billion. ...
Tags: Globalwafer, Subsidiary Capital
Clondalkin told PN that it has completed a highly successful seven year refinancing of its debt and is well placed to continue with its progressive development plans. According to the firm, the refinancing is one of the biggest composite ...
Seadrill Limited ("Seadrill" or "the Company") has entered into turnkey contracts to build four new ultra-deepwater drillships. Two drillships will be built at the DSME yard and the other two at the Samsung yard, in South Korea. The project ...
Tags: Transportation, Service
Shell remains cautious regarding the potential of two onshore oil exploration blocks in Albania despite increasing its stake in the blocks from 50% to 75%, the company said Tuesday. The deal leaves operator, Canada's Petromanas Energy, ...
Tags: Oil Potential, Block Stake Hike
The manufacturer, which specialises in fresh prepared foods, announced today (June 13) that it had completed financial negotiations with banks enabling it to pay off some of its debt and extend existing loan agreements. As a result, ...
Tags: Agriculture, Food
MarkWest Energy is selling some of its natural gas gathering facilities in West Virginia for $210 million as it focuses on growing processing needs elsewhere in the Marcellus and Utica shales, the company said Wednesday. The sale of these ...
The Rieter Group held its own in 2012 against difficult market conditions worldwide. Order intake for the year as a whole declined by 12% to 839.7 million CHF, although Rieter received more orders in the second half-year than in the first. ...
Tags: Textile, Rieter Group
J. C. Penney Company, Inc. announced plans to enhance the Company's financial flexibility and position. As part of that process, and consistent with its previously stated plans, the Company has drawn $850 million out of its $1.85 billion ...
The thought of using synthetic wood seems abominable to some businesses, but for companies that strive to produce durable products that are affordable on most budgets, using the synthetic stuff for certain components and installations makes ...
Tags: RT Machine, Processing Machinery
Compass Diversified Holdings, the parent company of Fox and Camelbak, exercised an option under its credit agreement to borrow an incremental term loan of $30 million. “We are pleased to be able to take advantage of the favorable ...
Tags: Compass, Term Loan Borrowings
In the midst of a recession, being your own boss is not such a bad idea. Instead of working for a company whose sales and marketing practices might not be attuned to the recessionary marketplace, you can hold the reigns yourself, and focus ...
Tags: Used Industrial Equipment Supplier, used woodworking machines, machinery
Sprint Nextel posted another quarterly loss but reported progress toward becoming just plain Sprint, a company with more money and fewer networks, which it hopes to be by the end of this year. The company is on track to shut down its ...
Tags: Sprint Nextel, quarterly loss, networks
Principal Financial Group (PFG) has completed acquisition of Chile’s AFP Cuprum, following Empresas Penta and Inversiones Banpenta Limitada sold their 63% ownership in Cuprum. Initially, PFG acquired 90.4% ownership stake in Cuprum ...
Tags: PFG, acquisition, AFP Cuprum
Full year 2012 earnings from continuing operations attributable to the Company were $1.12 per share (diluted), compared with a loss of $3.06 per share in 2011. Excluding certain items management considers not representative of ongoing ...
Tags: share, earnings, Interest expense
Digital Lumens receives $10 million in investments, ByteLight signs Solais Lighting as licensed lighting partner, SemiLEDs reports first quarter results, Acuity purchases Adura Technologies, and Rubicon closes a $25 million secured ...
Tags: Digital Lumens, Solais Lighting, SemiLEDs, LEDs