Wolverine Worldwide reported financial results for both the fourth quarter and full year ended December 28, 2013. Full-year results include a full 52-week contribution from the Company's October 2012 acquisition of the Sperry Top-Sider, ...
Tags: Wolverine Worldwide, Apparel
YRC Worldwide Inc. said it has completed $1.15 billion in new financing, including term and asset-backed loans that will reduce borrowing costs by $40 million to $50 million annually and extend debt maturities to 2019. The $700 million ...
Tags: Transportation
The federal government yesterday announced that the nation s cement industry had attracted an additional investment worth$8 billion,based on the successful implementation of the Backward Integration Policy. The Minister of Industry,Trade ...
Tags: Cement, Cement Industry, Construction
Cost control and the changing face of competition from natural gas emerged as major themes facing the coal industry as the CoalTrans USA conference wrapped up Friday in Miami. While long-term forecasts for US coal production split between ...
Tags: Cost Control, Natural Gas
Teamsters union members at YRC Worldwide Inc. voted to a four-year contract extension through 2019, which the carrier called a “key ingredient” toward refinancing $1.4 billion in debt. The result was announced Jan. 26 after ...
Tags: YRC, Teamsters union
GE Capital confirmed it is administering a $100 million multi-currency revolving credit facility for Billabong International that closed in December. GE Capital said the new credit facility will be used to refinance existing debt and ...
Tags: GE Capital, RVCA, Corporate Finance, Billabong International
American Axle & Manufacturing American Axle & Manufacturing Holdings reported its fourth-quarter profit declined on costs associated with debt refinancing. Net income dropped to $29.8 million, or 39 cents per share, from $319.9 million, ...
Tags: Auto Parts, Transportation
Fonterra, a New Zealand-based dairy co-operative, has raised around NZD250m ($207m), under a five-year dim sum bond issue, in a move to develop its business in China. The dim sum bonds have been issued as part of Fonterra Treasury's ...
Tags: Fonterra, Chinese Operations, dairy
Wolverine Worldwide reported preliminary unaudited revenue and earnings results for the full year ended December 28, 2013. The year included a full 52-week contribution from the Company's October 2012 acquisition of the Sperry Top-Sider, ...
Wolverine Worldwide reported that it expects earnings for 2013 to come in ahead of previous guidance although revenues would fall short. The year ended Dec. 28 included a full 52-week contribution from the company's October 2012 ...
Tags: Wolverine Worldwide, expect earnings, revenues, Fiscal 2013
YRC Worldwide's truck drivers and other employees, represented by Teamsters Union, have rejected a proposal to extend the current labour contract to 2019. Members voted over the past several weeks and ballots were counted Thursday. The ...
Tags: Transportation, Auto Parts
YRC Freight Teamsters at YRC Worldwide Inc. rejected a contract extension that the company said was crucial to refinancing its debt and ensuring long-term stability. The union announced the results of the vote late Jan. 9. A total of ...
Tags: YRC, contract extension, refinancing, teamsters, vote
One of the world's largest LTL carriers, the financially-troubled YRC Worldwide, hopes to borrow $1.15 billion to refinance its debt, according to Bloomberg News. Bloomberg News reports the deal, led by Credit Suisse Group AG, includes a ...
Tags: Trucking News, Trucking, Truck Giant
Bioanalytical Systems,Inc.(NASDAQ:BASI)today announced financial results for the fourth quarter and fiscal 2013,highlighted by net income of$252,000,or$0.03 per diluted share,for the fourth quarter and$773,000,or$0.09 per diluted share,for ...
Tags: Bioanalytical Systems, financial results for the fourth quarter
Indorama Ventures Public Company Limited (IVL), the world’s leading vertically integrated Polyester Value Chain producer, has successfully completed the refinancing of a US$640 million term loan for its business in the U.S.A. The ...
Tags: Indorama Ventures, Textile