Builder confidence in the market for newly built, single-family homes was unchanged in November from a downwardly revised level of 54 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. This ...
Tags: Construction, Decoration
US-based Iroko Pharmaceuticals has entered into a $75m debt facility agreement with an affiliate of OrbiMed Advisors (OrbiMed) to support general business operations and the launch of Zorvolex (diclofenac). Zorvolex is the first and only ...
When a Chinese engineering firm sets off to build a road or a dam in a distant country, a Chinese bank is usually not far behind them. Bank branches bearing Chinese characters can be found on the streets of Lima and Warsaw, as well as Paris ...
The series of reforms announced over the weekend in China could begin to change the way the country's local and regional governments (LRGs) operate, said Fitch Ratings, a London-based credit rating company, on Tuesday. If implemented ...
Tags: China's Reforms, Economy
Local Brazilian news outlets reported Monday that the government has given Vale until the end of this week to accept or reject the terms of a tax amnesty program that would allow the company to almost halve a $14 billion debt and pay it ...
Tags: Brazil, Vale, opportunity, Halve Government, debt
Amsterdam-based financial services conglomerate ING has agreed to dispose of its 11.3% direct stake in Sul América, to Swiss Re Group, as part of its plans to further shrink its stake in the Brazilian insurer. As per the terms ...
Lee Enterprises Inc. reported total digital revenue of $19.8 million for its fourth fiscal quarter, up 4.3% compared with the same quarter a year ago, which included the extra week of operations. On a comparable 13-week basis, total digital ...
Tags: Lee Enterprises, desktop
Carr's Milling Industries is eyeing acquisitions in the UK and overseas for all of its divisions, including its food business, which supplies flour to bakers and baked good manufacturers. Carr's Milling opened its Kirkcaldy flour mill for ...
Tags: Carr's Milling, eye, acquisition
Premier Foods is remaining tight-lipped about reports that the Mexican bakery Grupo Bimbo may acquire its troubled bread division, as the firm’s short-term prospects divided City opinion. Premier Foods' plan to seek a financial ...
Tags: Premier Foods, tight, bread
Premier Foods was the subject of media reports surrounding the sale of 100M of its debt and its Hovis brand – as well as seeing a number of its directors quit the company – over the last 12 months. On top of this, the firm had ...
Tags: Premier Foods, year, picture
The federal deficit – the amount by which the US government’s total budget outlay exceeds its total receipts for a fiscal year – is estimated at $680 billion for 2013. The federal debt – the sum total of the ...
Nineteen percent of U.S. adults see healthcare as the country's most important problem, up from 12 percent in October, a Gallup Poll indicates. The Gallup Poll, conducted Nov. 7-10, found healthcare ranked second behind dissatisfaction ...
Tags: healthcare, top, problem, fewer, economy
When the world was digesting news of Detroit’s bankruptcy in July, the biggest ever by a municipality in the US, attention in China turned to the highly indebted government of Jiangsu province. Provincial, city and county authorities ...
Tags: Bond Markets, Local Officials
Bain Capital is in advanced discussions over the acquisition of auto parts supplier TI Automotive in a deal valued at nearly $2bn. Bain Capital is in advanced discussions over the acquisition of auto parts supplier TI Automotive in a deal ...
Tags: TI Automotive, Bain Capital
Murray Goulburn Co-operative (MG) and Bega Cheese have revised their takeover offers for Warrnambool Cheese & Butter (WCB). As per the terms, MG offered to pay A$9 per share of WCB, valuing the Victorian dairy firm at A$505m. Bega ...
Tags: Murray Goulburn, Food