There is no free lunch. The saying may be another explanation for China's economic slowdown in the first half of the year. The economic transformation is proceeding at the cost of economic acceleration in order to obtain sustainable ...
A rebound for IBM failed to materialise in the second quarter, as profit and sales declined along with a slump in revenue from hardware and services. However, in its quarterly financial report Thursday, the company raised its forecast for ...
Tags: Computer Products, IBM, software
The 2014 North American International Auto Show (NAIAS) in Detroit will not be affected by the city’s recent bankruptcy announcement, according to the event’s organiser. Michigan Governor Rick Snyder last week authorised ...
Tags: Detroit Auto Show
The Australian dollar gained after China's central bank said it would lift controls on lending interest rates, allowing financial institutions to set them. At 6.30am AEST the local unit was trading at 91.83 US cents, up from 91.71 cents ...
Chrysler, Ford and General Motors have thrown their support behind Detroit after the automotive industry hub known as ‘Motor City’ filed the largest municipal bankruptcy case in US history. Michigan Governor Rick Snyder ...
Tags: Car Makers, Detroit Bankruptcy
The Chinese textile industry as a whole needs to upgrade completely, said participants at the China Cotton and Textile Industry Development Forum held in New York. China has witnessed rapid economic development over the last 30 years, ...
Tags: Textile Industry
CAbi, LLC, Carol Anderson by invitation (“CAbi”), a direct sales marketer of designer ready-to-wear women’s apparel, announced that it has appointed Lynne Coté, a seasoned retail industry veteran, as Chief Executive ...
Tags: Textile Trade, Textile
The SGS Group delivered a resilient first semester revenue growth of 7.2% (constant currency basis) to CHF 2.9 billion despite challenging market conditions for some of the Group’s business sectors and the winding down of Life Science ...
Tags: SGS, market conditions
Apple is said to be "aggressively" hiring specialists from outside the company to join its wearable "smartwatch" technology project, dubbed the "iWatch". According to the Financial Times, a senior team member had to be persuaded to stick ...
Tags: Apple, IWatch, Computer Products, software
Hooker Furniture is restructuring its sales management, with Ray Harm, senior vice president of sales, leading a team of three vice presidents who will each manage a geographic sales region. "We're pleased to announce a more unified sales ...
Plastic packaging systems manufacturer Pretium Packaging has announced plans to cease operations at its site in Pointe Claire, Quebec, Canada by the end of December 2013. The company's latest move is tied to its decision in 2010 to ...
The main story in the UK corrugated industry remains that of material prices, although another seismic bit of industry restructuring may well be afoot (I may be able to say more next month). In the meantime, a gradual dilution in happiness ...
US telecommunications giant AT&T has agreed to acquire Leap Wireless for $15 per share in cash, valuing the prepaid mobile operator at about $1.2bn (£800m). The move comes amid continued consolidation and restructuring in the ...
Tags: 4G, Computer Products
US-based meat processing firm Pilgrim's Pride is set to shut down its cooking and cold storage facilities in Chattanooga, Tennessee within the next two weeks, eliminating 200 jobs at the facilities. The planned closure is a part of the ...
Tags: meat processing, Pilgrim's Pride
SoloPower Inc of San Jose, CA, USA, which makes thin-film copper indium gallium diselenide (CIGS) photovoltaic (PV) cells and lightweight flexible solar modules using a proprietary roll-to-roll electro-deposition process, says that an ...
Tags: SoloPower CIGS, Electrical, Electronics