Rubicon Technology Inc of Bensenville, IL, USA, which makes monocrystalline sapphire substrates and products for the LED, RFIC, semiconductor and optical industries, has closed a three-year $25m secured revolving credit facility with ...
Tags: Rubicon Technology, sapphire substrates, LED, credit facility
Rubicon Technology, Inc. announced the closing of a three year $25 million secured revolving credit facility with Silicon Valley Bank. "This undrawn credit facility bolsters Rubicon's strong liquidity position," said William Weissman, ...
Tags: North America, Rubicon Technology
Southern Arc Minerals announced that it has agreed to sell its Taliwang project to Coke Resources in a cash and share deal. The company's 90%interest in the project will be sold to Coke for USD 500,000 and 15 million Coke shares.The ...
Tags: Minerals, Coke Resources, Arc Minerals, Coke
According to an announcement posted on Tadawul, the Saudi Arabian Mining Company has signed a SAR 9 billion murabaha Islamic loan deal for a period of five years with a number of banks,. The report said that the company decided to ...
Tags: Saudi Arabian Mining Company, loan deal, financial flexibility
Timken Co the bearings maker that trades at the lowest earnings multiple among its peers, is costing shareholders the chance to recoup USD 1.3 billion in market value lost this year by not spinning off its steel unit. Ralph Whitworth's ...
Tags: business owners, gas bearing, stock market news, steel scrap buyers
Insteel Industries, Inc announced that its board of directors declared a special cash dividend of USD 0.25 per share on the Company's common stock payable on December 28th 2012 to shareholders of record as of December 19th 2012 The ...
Canadian c-store chain Couche-Tard has booked an increase in first-half profits boosted by acquisitions. In the 24 weeks ended 14 October, earnings amounted to C$278.1m (US$279.7m), a 9.9% increase on the prior year period. The group said ...
Tags: acquisition, Couche Tard
Principal Financial has signed a definitive agreement to acquire 100% of Chile's AFP Cuprum for $1.51bn, in an effort to widen its presence in emerging markets. The deal involves sale of 63% ownership in Cuprum held by Empresas Penta and ...
Tags: Principal Financial, Chile's AFP Cuprum, publicly traded shares
US food and beverage company Dean Foods has entered into an agreement to sell its Morningstar Foods unit to Canadian dairy company Saputo for $1.45bn. Morningstar Foods is a producer of dairy and non-dairy extended shelf-life and ...
Tags: food, beverage, Dean Foods, sell, dairy
Iconix Brand Group,Inc,announced that it has completed the acquisition of the Umbro brand and related intellectual property assets from NIKE,Inc.for$225 million in cash. Founded in 1924,Umbro is the original global ...
Tags: intellectual property, acquire, sports apparel, footwear
InterMune has completed divestiture of Actimmune (interferon gamma-1b) to Vidara Therapeutics, a part of an international specialty pharmaceutical group of companies with operations in Ireland and the US. Gross proceeds from the sale ...
Tags: Actimmune, interferon gamma-1b, esbriet, pirfenidone
US retailer Roundy's Inc said a "more challenging economic and competitive environment" affected results in the third quarter as profits fell. Earnings in the three months ended 1 October amounted to US$8.8m compared to $12.4m a year ...
Tags: retailer, competitive environment, profits fell, grocer
US dairy giant Dean Foods raised its full-year earnings outlook after booking better than expected third-quarter profits. Dean Foods said third-quarter net income rose to US$36.4m,up from a loss of$1.5bn last year when the company booked ...
Tags: earnings outlook, net income, change
ST. LOUIS --- Furniture Brands International reported today that it cut its third-quarter net loss to $18 million on a 0.9% drop in sales. The most recent quarterly loss, which equals 33 cents per share, compares with a net loss of $24.5 ...
Tags: Furniture
Taiwan government's National Development Fund (NDF) will offer 15-year loans totaling NT$10 billion (US$338 million) to finance exports of green-energy products, including solar, wind, LED lighting, biomass and electric vehicles, and ...
Tags: LED lighting