US-based investment management firm Trian Fund Management's founding partner Nelson Peltz has acquired stakes in PepsiCo and Mondelēz International. Peltz has acquired stakes valued at about $1.4bn each in PepsiCo and Mondelez ...
Tags: Nelson Peltz, Agriculture
Philips operational results improve by 31% to EUR 421 million; net income at EUR 162 million. Frans van Houten, CEO: “We made solid progress again in the first quarter as all sectors contributed to the 31% improvement of our ...
Advanced Micro Devices reported a 31 percent drop in revenue for the first quarter as it continues to battle a weak PC market and lackluster demand for its chips. Sales in AMD's Computing Solutions group, which makes processors for PCs ...
Tags: CPU, Computer Products, PC
AMD dramatically reduced its losses in the first quarter of this year on lower revenues. The processor company has finished its restructuring and is diversifying its product offering for markets such as dense servers, ultra low-power ...
Tags: AMD, Consumer Electronics
Harold Bevis, Xerium CEO and President, announced the restructuring of our European Executive and Global Technical Leadership functions. With these strategic changes, Mr. Bevis announced the creation of the new position of President of ...
Tags: Textile
SABIC announced Thursday a restructuring program in Europe that includes the closure of certain assets and a net reduction of approximately 1,050 jobs, one-third contracting staff and two-thirds SABIC employees, the company said in a ...
The predominantly cotton based textile industry in India faced a crisis during 2008-09 due to global recession and again a grave crisis during 2010-11 owing to high volatility in cotton prices and certain external factors. The Government ...
Tags: textile industry, textile, Apparel
The Administrative Board of PUMA SE appointed Björn Gulden (47) as the Sportlifestyle company's new Chief Executive Officer (CEO), effective 1 July 2013. He succeeds Franz Koch who left the company at the end of March. Björn ...
In spite of difficult market conditions in its core fiber business, the Lenzing Group succeeded in achieving the second-best business result in its history in the 2012 financial year. This can be attributed to new record fiber sales volumes ...
Tags: Textile, Textile Industry
Redundancy notices have been issued to the entire workforce at the Crown plant in Worcester. The firm confirmed the decision this week following a 90-day consultation process which began in January. The Worcester site, which is one of ...
Tags: Packaging, Packaging industry
Retail giant Tesco has reported pre-tax profits down 51% to 1.96bn – its first profit drop in 20 years – and revealed plans to close its US chain of Fresh & Easy shops in its full-year results for the 52 weeks to February 23. ...
A "perfect storm" of struggling PC companies, aversion to Windows 8 and wider mobile-device adoption plunged the already struggling PC market into a free fall during the first quarter this year, IDC said. Worldwide PC shipments in the ...
The on-going economic crisis poses a serious challenge to the dialogue between workers' and employers' representatives and governments according to a report published today by the European Commission. The report shows that recent government ...
Corning Incorporated (NYSE: GLW) announced today an accounting change relating to expense recognition for company-sponsored pension plans. The new method, adopted in the first quarter of 2013, will result in simpler, more transparent ...
Tags: Construction, Corning
Dairy co-operative Irish dairy board (IDB) has reported that its net revenues increased by 2.4% to €2.02bn for the fiscal 2012, compared with €1.98bn in 2011, driven by growth in its Consumer Foods and Dairy Trading & Ingredients ...
Tags: Irish Dairy, Dairy