Acer CEO J.T. Wang is resigning from his post at the Taiwanese PC maker and will be replaced by president Jim Wong as part of a corporate restructuring that will try to revitalize the company's lagging fortunes. Citing the company's ...
Tags: Computer Products, Acer, software
Lextar Electronics, a Taiwan-based LED epitaxial wafer and chip maker and LED packaging house, generated net earnings per share (EPS) of NT$1.82 for January-September 2013, according to the company. Lextar recorded consolidated revenues ...
Tags: taiwan, security market, Electrical, Electronics
Foundering BlackBerry has given up for now on finding a buyer. Instead the smartphone company is seeking an infusion of cash from some investors, and shaking up its board and executive leadership. The company will also be getting a new ...
Tags: Computer Products, Blackberry
To the Tire Industry Association (TIA), black is the new… black. Tom Formanek said as much at the annual TIA meeting. Formanek, TIA's treasurer, reported that the association ended the 2012 fiscal year in the black. In addition, ...
Tags: Auto Parts, tire, tyre
Fairfax Financial Holdings, the Canadian investment fund leading a takeover of smartphone maker BlackBerry, is to invest $250m in BlackBerry via a $1bn private placement of convertible debenture. The financing move marks the close of ...
The Institute of Inspection, Cleaning and Restoration Certification (IICRC) announced the election of three new members joining the 12 incumbent members to comprise the 2013-2014 Board of Directors. Elections were held during the IICRC's ...
Tags: Construction, Decoration
Jos. A. Bank is willing to consider raising the acquisition price it proposed to Men's Wearhouse on September 18, 2013 of $48 per share, or a 42% premium to the closing price of Men's Wearhouse common stock on the day prior, if Jos. A. Bank ...
Tags: Men's Wearhouse, Jos A Bank
Oerlikon announces the appointment of Dr. Brice Koch as Group Chief Executive Officer. Dr. Koch, who will assume the role during the first quarter of 2014, comes to Oerlikon following a successful career at ABB where he has been a member of ...
Tags: Oerlikon Group, Brice Koch
Calithera Biosciences has completed a $35m series D financing led by Adage Capital Partners, LP. Joining Adage as new investors in this financing are the Longwood Fund and two other institutional investor groups. The transaction also ...
Foton announces on October 28 that it will increase capital in Beijing Foton Cummins through cash in two phases: phase one 300 million yuan and phase two 304 million yuan. Another share holder Cummins will also increase capital based on its ...
Tags: Transportation, auto, car, vehicle
Lectra’s Board of Directors, chaired by André Harari, reviewed the unaudited consolidated financial statements for the third quarter and first nine months of 2013. Highlights: - Revenues: €150 million (+5%) - Income ...
Mafatlal Industries Ltd. (MIL), the flagship company of the Arvind Mafatlal Group has declared unaudited financial results for the quarter ended 30th September 2013. The stand alone total income was Rs. 278.72 crore and net profit was Rs. ...
Tags: Mafatlal, flagship company
The Company's Board of Directors has declared a regular quarterly cash dividend of $0.05 per share to all common stockholders of record as of November 15, 2013, for payment on November 29, 2013. About The Jones Group Inc. The Jones ...
Tags: Jones Group, Apparel
G&K Services, Inc. announced that Jeffrey L. Wright plans to retire as Executive Vice President and Chief Financial Officer. The company is beginning a search for his successor, considering both internal and external candidates. To ensure ...
Tags: G&K Services, Wright
Russian mining and steel group Mechel has announced that an agreement between Russian Development Bank (Vnesheconombank) and Mechel on allocating the first tranche of the project financing for Elga Coal Complex's first stage totalling $2.5 ...
Tags: mining, steel group, Mechel