New Zealand based dairy co-operative Fonterra has agreed to acquire 18.8% stake worth $561.32m in Chinese infant formula manufacturer, Beingmate Baby & Child Food Company. The co-operative group has purchased 192.4 million shares in ...
Tags: Fonterra, dairy Food
Foot Locker, Inc. reported fourth-quarter earnings rose 18.0 percent to $146 million, or $1.01 a share, easily eclipsing Wall Street's target. Earnings, adjusted for non-recurring gains, came to $1 per share, beating Wall Street's consensus ...
China CSSC Holding Ltd, a leading ship builder, posted rising profit in 2014 due to rebounding market demand, the company said on Saturday. The company attributed the eye-catching performance to the recovering ship demand as it finished ...
Heineken has expressed interest in acquiring Slovenian brewer Pivovarna Lasko, in a deal that would allow the Dutch brewing company to enter into Slovenia where it is not currently present. Lasko is up for sale since last year and ...
McCormick has taken over 100% shares of flavours producer Brand Aromatics for around $63m, a move that will expand the company's product portfolio. Headquartered in New Jersey, Brand Aromatics supplies natural savoury flavours, ...
Tags: McCormick, Flavours Producer, natural savoury flavours
Marketer of everyday basic apparel, HanesBrands said it has executed its previously announced 4-for-1 stock split. “The New York Stock Exchange began reporting the split-adjusted number of shares outstanding and per-share stock ...
Tags: HanesBrands, basic apparel
Chevrolet has released a teaser image for the 2016 Spark (Beat), which is set to receive its world premiere on April 2. This will be the next generation model of the car and has been spied testing several times in Korea. Quite recently, ...
Tags: Chevrolet, 2016 Spark
Clear Lam Packaging and Frito-Lay have settled a lawsuit where Clear Lam had accused the latter of stealing a packaging design for its promotional boxes of Doritos. As a part of the settlement, Frito-Lay has agreed to respect Clear Lam's ...
Tags: Clear Lam Packaging, packaging
Chinese mainland stocks declined as the country's leader hints at an economic 11-year-low growth target. The benchmark Shanghai Composite Index fell by 0.95 percent or 31.06 points to 3,248.48 points on Thursday. The Shenzhen Component ...
Tags: Chinese stocks, Hang Seng Index
Freedom Foods has reported a Net profit of $55.2 million for the first half of the 2015 financial year. However, the Net Profit figure was boosted by the inclusion of a post-tax fair value gain of $52.2 million from the gain on ...
Tags: Freedom Foods, Agriculture
Japanese trading company Itochu has decided to sell its stake in China Foods Investment (CFI) in an effort to make a $10.4bn investment in Chinese state-owned firm Citic. The company will now sell its 74.1% shares in Chinese food unit ...
Tags: Foods Investment, CFI
US-based Bob Evans Farms has scrapped plans to sell or spinoff its sausage and refrigerated-food business. This comes after the company witnessed 18% decline in shares to $48.80. Sandell Asset Management, which owns over 7% of Bob ...
Australia based Warrnambool Cheese and Butter Factory (WCB) has agreed to acquire the everyday cheese business (EDC Business) of Lion-Dairy & Drinks (LDD), in a A$137.5m ($107.3m) deal. With this transaction, WCB will boost its ...
Tags: Cheese, Butter, Lion Dairy
Automotive component supplier Cooper-Standard has completed the purchase of Huayu Automotive System’s shares in Huayu-Cooper Standard Sealing Systems, the company’s Chinese joint venture. The purchase has made Cooper-Standard ...
The BlackBerry death knell is unmistakable – new research points to the company’s UK market share slipping below one million users by the end of 2017. That’s a stark drop from its comparatively glorious yesteryears, with ...
Tags: Consumer Electronics, Blackberry