Apple's stock dropped Tuesday, hurt by a lackluster first-quarter performance and a cautious second-quarter revenue outlook. The shares fell 8 percent, hovering near $507 in afternoon trading. On Monday Apple Inc. said it sold more ...
Tags: Apple, Carl, second-quarter revenue, Wall Street
January 29, 2014 How might Lion's next moves affect the Australian dairy industry Food and beverage company Lion has announced that it does not currently intend to sell its shareholding in Victorian dairy company Warrnambool Cheese and ...
Tags: WCB, Lion, Japan K.K, Warrnambool Cheese
Cooper Tire and Rubber Co. has reached an agreement with its Chinese partner and the labor union representing its Chinese employees to resume regular financial reporting and determine the future ownership of its Chinese plant. The ...
Tags: Cooper, Chinese Plant
What started as a 50-50 partnership with Royal Tire has become a 100% ownership for Fountain Tire Ltd. The acquisition will give Fountain Tire 171 outlets in central and western Canada. The eight Royal Tire locations in northern Ontario ...
Tags: Fountain Tire, Royal Tire
Commission encourages Chinese steelmakers to boost global footprint Chinese steelmakers that have lost money because of volatile global iron ore prices should invest more in foreign mineral resources to gain greater pricing power, the ...
Tags: NDRC, Chalco, steelmaker, persist
UK-based Premier Foods has struck a deal with private equity firm Gores Group to sell a controlling stake in its struggling bread making division, a move which allows it to focus on its grocery business. As per the agreed terms, Gores ...
Tags: Sell Controlling Stake, bread
The British Fashion Council (BFC) has announced Peter Pilotto as the winner of this year’s BFC/Vogue Designer Fashion Fund. The Fund was established in 2008 and provides one designer with a bespoke, high level mentoring support ...
United Dairy Power, an Australian milk supplier, is in talks with Origo Partners, a Beijing-based private equity firm, over a sale of the company for about $70m. Established in 1999, United Dairy operates two factories at Jervois and ...
Tags: Dairy, milk supplier
BioAmber Inc., an industrial biotechnology company producing sustainable chemicals, has signed a take-or-pay contract for bio-based 1,4-Butanediol (BDO) with Vinmar International. Under the terms of the 15-year master off-take agreement, ...
Murray Goulburn Co-operative Co. Limited (MG) today announced that as a result of Saputo Inc (Saputo) acquiring a controlling interest in Warrnambool Cheese and Butter Factory Company Holdings Limited (WCB), it intends to seek the consent ...
ZF Friedrichshafen, the joint venture between ZF Friedrichshafen and Kamaz, has opened a new commercial vehicle transmission production plant in Naberezhnye Chelny, Russia. Spanning 20,000m2 , the new site will produce Ecomid and Ecosplit ...
Outspoken billionaire Carl Icahn has tossed another bushel of Apple stock into his investment portfolio as he tries to persuade the iPhone maker to buy back more of its own shares. Icahn says he invested another $500 million in Apple Inc. ...
Tags: Consumer Electronics, Apple
China National Offshore Oil Corp has signed an agreement with a Taiwanese company to help promote LNG in Taiwan's Kinmen county. Shinfox Corp. confirmed Monday that it had signed a framework agreement on Friday with CNOOC's majority-owned ...
Tags: spot cargoes, Chemicals
Fiat North America (FNA), a wholly-owned subsidiary of Italian car maker Fiat, has acquired remaining 41.4% stake in American automaker Chrysler. Earlier this month, the Italian car maker Fiat announced that it will purchase the remaining ...
The Abraaj Group, a UAE-based private equity investor, has entered into an agreement to acquire majority stake in Turkish dairy firm Yorsan Group, alongside the European Bank for Reconstruction and Development (EBRD). Yorsan Group is a ...
Tags: Abraaj, Yorsan Dairy Firm