National Oilwell Varco announced that its Board of Directors has authorized Company management to move forward with exploration of a plan to spin-off NOV?s distribution business from the remainder of the Company, creating two stand-alone, ...
Tags: Metallurgy, Mineral, Energy, Oil, Processing Machinery
The retail sector is going through profound changes in Canada. There have been a number of recently announced high profile mergers and acquisitions (Loblaw purchases Shoppers Drug Mart; Sobey's buys Canada Safeway, Hudson's Bay buys Saks) ...
Tags: Transportation, Auto Parts
GlaxoSmithKline’s sale of Lucozade and Ribena for £1.35bn earlier this month was the latest in a long line of iconic British brand sales topped by Cadbury. GlaxoSmithKline's sale of its drinks brands was the latest in a long ...
Tags: Timeline Tracks, Food Brands
Thailand's PTT Exploration & Production PCL, the country's flagship petroleum explorer, might invest in North American shale-gas and Myanmar deep-water projects as part of its plan to nearly double its output by 2020. PTTEP, which made ...
Tags: Shale Gas, flagship petroleum
China has this week ordered 58 companies, ranging from steel, coke and cement producers, to cut excess production capacity by the end of the year, in the latest attempt to ease overcapacity in bloated sectors. This is the third batch of ...
Tags: Overcapacity, Metallurgy
After giving a trading update for first-half 2013 in late July, epiwafer foundry and substrate maker IQE plc of Cardiff, Wales, UK has confirmed record revenue of £63m (up 84% from £34.3m for first-half 2012). EBITDA (earnings ...
Tags: IQE, Electrical, electronics
Brenntag, a German chemical distribution company, has agreed to acquire the chemical distribution division of Zytex, an Indian-based biotechnology food formulation and manufacturer, for €10.2m. Zytex's food ingredients distribution ...
Tags: Brenntag, Food Ingredient
Li Ka-shing, the richest person in China, said on September 17 that he would not withdraw capital from the Hong Kong market. Cheung Kong (Holdings) Ltd. (SEHK: 0001) and Hutchinson Whampoa Ltd. (SEHK: 0013), two listed firms controlled ...
Thousands of meters beneath the waves and the sea floor, new technology pioneered by small firms is helping to make oil production sustainable at extreme temperature and pressure. More than a decade of high oil prices combined with ...
Tags: Oil, Metallurgy, Mineral, Energy
Cintas Corporation reported revenue for its first quarter ended August 31, 2013, of $1.12 billion, a 6.6% increase compared to last year's first quarter. Adjusting for one less workday in this year's first quarter compared to last year's ...
Tags: Apparel, Accessories
ASA Automotive Systems, a provider of software systems and services to independent tire dealers and automotive service centers, announces that 2013 marks its first quarter-century of serving the tire dealer industry. Starting with the ...
Tags: Auto Parts, tyre
Answering the need for increased speed and accuracy in infrared analysis, Shimadzu Scientific Instruments Inc. has introduced the IRTracer-100 Fourier Transform Infrared (FTIR) spectrophotometer. Combining high speed, sensitivity and ...
Tags: Shimadzu, Spectrophotometer
California-based national insurance distribution company Confie Seguros has reached a definitive agreement to purchase the retail distribution arm of Affirmative Insurance Holdings, a non-standard personal automobile insurance policies ...
Tags: Confie Seguros, insurance
2 Sisters Food Group, and PepsiCo are among the trade buyers that could snap up Burton's Biscuits, although the deal could easily go to a private equity house, according to analysts. Burton's makes Cadbury-branded biscuits under licence ...
The days of shrugging off Twitter may soon be over. Some 200 million users strong, the site is already one of the most prominent social networks, but going public could give it the muscle to become the next Facebook or Apple, one analyst ...
Tags: Computer Products, software