It is reported that Finnish nickel miner Talvivaara, struggling for cash could be rescued by the Finland government. Just a few months ago, Talvivaara had a fundraising but is still struggling for cash. The government's rescue plan could be ...
Brazilian oil firm OGX owned by tycoon Eike Batista, filed for bankruptcy Wednesday, after negotiations with creditors failed. If its pedition is approved by court, OGX would have six months to continue operating while it tries to ...
Tags: Metallurgy, Mineral, Energy
Wacker Chemie AG posted slight quarter-on-quarter sales growth between July and September 2013, thanks especially to the surging demand for solar silicon. As already expected, however, the Munich-based chemical group did not match the ...
Textured Jersey Lanka PLC (TJL) reported a 68% year-on-year bottom line growth for the quarter ended 30th September 2013 (2Q FY2013/14), continuing on its impressive performance. The company reported a net profit of Rs. 263mn for 2Q ...
Tags: Textured Jersey Lanka, Textile
Clariant performance well on target after solid third quarter Sales from continuing operations in Q3 2013 grew 2% in local currencies and were 3% lower in Swiss francs, at CHF 1.443 billion, down from CHF 1.489 billion in the same period ...
Tags: economy, Construction
Financial stress in Australia has stabilised near a two-year low as a combination of post-election confidence, low interest rates and increased savings help to bolster consumer demand for credit and their capacity to repay. The financial ...
Recticel announces results of third quarter of 2013 for different segments. Combined sales decreased from EUR 316.4 million in 3Q2012 to EUR 307.9 million in 3Q2013 (-2.7%). Over the first nine months, combined sales decreased by 5.6% ...
Shunfeng Photovoltaic International, a China-based maker of solar-grade crystalline silicon wafers, cells and PV modules, has reportedly obtained permission from China's authorities to acquire Suntech Power (Wuxi), the flagship subsidiary ...
Tanger Factory Outlet Centers, Inc. reported funds from operations ("FFO") available to common shareholders, a widely accepted supplemental measure of REIT performance, increased to $56.2 million for the three months ended September 30, ...
Tags: Tanger Factory Outlet
The Dixie Group, Inc. reported financial results for the third quarter ended September 28, 2013. In the third quarter of 2013, the Company had sales of $90,210,000 and income from continuing operations of $1,432,000, or $0.11 per diluted ...
Tags: Dixie Group, Apparel
Campbell Soup has completed the sale of its European simple meals business to a UK private equity firm CVC Capital Partners (CVC) for €400m. The sale includes Campbell's national brands of soups, sauces and simple meals, including ...
Tags: Campbell Soup, Food
Maple Leaf Foods has completed the sale of Rothsay, its rendering and biodiesel business, to Darling International of Irving, Texas, for C$645m. Rothsay is a major rendering company in Canada and a producer of biodiesel with six rendering ...
Tags: Maple Leaf, Biodiesel
Maple Leaf Foods, a Canada-based meats and baked goods producer, has launched an auction for its bakery business, which includes 90%-owned Canada Bread. Canada Bread is a manufacturer bread, rolls, bagels and sweet goods, specialty pasta ...
Tags: Agriculture, Food, Bread
The German economy is on the verge of an upturn driven by domestic demand. The improving global economic climate and decreasing uncertainty are fuelling investment. Private consumption is benefitting from favourable employment and income ...
Given that European households have deposits worth an impressive EUR 8.5 trillion, deposits are one of the cornerstones of the EU economic system. This represents one-third of total financial assets. Despite negative real returns in most EU ...
Tags: Deposits Business, European Banks