When the European Union slapped Apple with a $14.5 billion tax fee in August, CEO Tim Cook called it "political crap." This week, the tech behemoth is fighting back in the form of an official appeal. "Apple is not an outlier in any ...
Tags: Apple, EU's watchdog
Post Holdings has agreed to settle the egg antitrust class action claims against its subsidiary Michael Foods in the US, with a $75m payment. A class action lawsuit, In re Processed Egg Products Antitrust Litigation, was lodged in 2008 in ...
Tags: Post Holdings, Egg
Brown Forman, the maker of Jack Daniel's Tennesee Whiskey, has reported a decline in its second-quarter profit and sales. Net sales dropped 3% year-over-year to $830m. Reported operating income fell 4% in the quarter to $291m. Diluted ...
Tags: Brown Forman, Whiskey
Against the backdrop of a sluggish global economy, lackluster trade growth and uncertainty in major economies, countries in the Asia-Pacific region are still likely to have a growth rate of 4.9 percent this year. The region continues to ...
Tags: global economy
The Communist Party of China (CPC) Friday specified major tasks for the economic work in 2017, including further advancing supply-side structural reform. The country should push forward reforms in key sectors, including state-owned ...
Tags: CPC, China's economic growth
Craft beer producer Russell Breweries has released its financial results for the first quarter of Fiscal 2017, ended 30 November 2016. The Company reports a positive EBITDA of $423,872 for Q1 of Fiscal 2017 ("Q1 2017F") compared to a ...
Tags: Craft beer, Russell
North American provider of packaging and specialty products Supremex has acquired all of the assets of Durabox Paper, a Canadian manufacturer of specialty corrugated paper boxes. Founded in 2002, Durabox Paper serves customers primarily ...
Tags: packaging, Durabox Paper
Volkswagen has unveiled its Transform 2025+ strategy, further detailing the company's plans for the decade ahead. This plan aims to reduce the capex ratio and the development cost ratio to a competitive level in the next few years – ...
Tags: Volkswagen, Electric Car
The price war among Chinese TV manufacturers which has been raging for nearly four years is finally approaching a truce. The first company to cease fire was Le Holdings Co Ltd. On Monday, the company announced it would raise the prices of ...
Tags: TV, LCD panels
Corrugated packaging company Smurfit Kappa is set to exhibit its complete system of Bag-in-Box packaging solutions at Goodwine trade show in Romania. The event will take place from 25 to 27 November in Romexpo, Bucharest. The Bag-in-Box ...
Tags: Smurfit Kappa, Packaging
A new report claims that Apple has disbanded its router division and reassigned its engineers in an effort to focus on more popular consumer items. The Bloomberg report cites anonymous 'people familiar with the matter' who claim the ...
Tags: Apple, Wireless Router
Orchids Paper Products Company reported results for the third quarter of 2016. Third Quarter 2016, relative to Second Quarter 2016 Net sales of converted product decreased 3% primarily due to increased competitive pressures and ...
Tags: Orchids Paper Products
Intertape Polymer Group Inc., released results for the third quarter ended September 30, 2016. Third Quarter 2016 Highlights (as compared to third quarter 2015): Revenue increased 3.0% to $206.6 million primarily due to the ...
B&G Foods has announced a 49.2% increase in net sales for the July-September quarter of this year. Highlights (vs. year-ago quarter where applicable): Net sales increased 49.2% to $318.2 millionNet income increased 63.6% to $32.4 ...
Tags: B&G Foods, Financial Results
Constellation Brands said it will submit a proposal to the US Department of Justice to acquire a brewery operation from Grupo Modelo, a subsidiary of Anheuser-Busch InBev SA/NV, for $600m. Located in Obregon, the brewery is expected to ...