Maple Leaf Foods, a Canada-based meats and baked goods producer, is looking at selling its Bakery business, which includes 90% stake in Canada Bread. The company has recently completed a comprehensive review of opportunities to accelerate ...
Tags: Maple Leaf Foods, Bread
Methanex Corporation agreed to sell an approximate 10% equity share in Egyptian Methanex Methanol Company S.A.E. (EMethanex) to Arab Petroleum Investments Corporation (APICORP) for $110 million. The transaction will increase APICORP's ...
Tags: Methanex, Methanol Plant
Deal or no deal, the US Congress' dance with default impressed policymakers and investors in China and Japan with just how vulnerable their own economic revival plans are to the next political tantrum on Capitol Hill. The 11th-hour ...
Tags: Dollar Drama, Economy
Murray Goulburn, an Australian diary co-operative, has launched a A$420m ($404m) bid to acquire Warrnambool Cheese and Butter (WCB), following Canada's Saputo C$378m bid earlier this month. The proposal would create one of the largest ...
Tags: Murray Goulburn, Cheese, Butter
PepsiCo, Inc. today reported core earnings per share of $1.24 for the third quarter and organic revenue growth of 3.3 percent for the quarter. Organic revenue grew 3.9 percent year to date and core constant currency EPS increased 12 percent ...
Tags: PepsiCo, organic revenue growth
ICE cotton settled slightly lower this week, closing at 83.11 basis Z3. Growing cert stocks and lower YoY Chinese cotton imports in September prompted bearish headlines that, along with sagging technicals and ideas that the US crop may be ...
Just when it felt like the market was getting ready to challenge major support below 82 cents, a late session rally lifted values back into the 'comfort zone'. It is not clear what prompted the buying of some 2'500 December near the close, ...
United States Steel Corporation announced Friday that it is currently performing its annual goodwill impairment analysis and that it estimates a total goodwill impairment of approximately $1.8 billion for its North American flat-rolled and ...
Tags: Metallurgy, Mineral, Energy, Steel
Polymer Group, Inc. (PGI) announced that it has commenced a consent solicitation (the "Solicitation") to amend (the "Proposed Amendments") the indenture, dated January 28, 2011, (the "Indenture") among PGI, the guarantors party thereto and ...
Tags: Polymer Group, Textile
Faced with continued economic uncertainty and used to doing more with less, consumers will take a conservative approach to spending this holiday season. According to NRF’s holiday consumer spending survey conducted by Prosper Insights ...
Tags: Gift Budgets, Apparel
Russian mining and steel producing company Evraz Group has announced that it has signed a binding agreement for the sale of the Gramoteinskaya thermal coal mine, part of its wholly-owned subsidiary Yuzhkuzbassugol Coal Company, to Lehram ...
Tags: Metallurgy, Mineral, Energy
Despite all the negativity on the news, and the uncertainty involving the US debt ceiling, most trends are pointing to a steadily growing economy that bodes well for trucking's future. That was the synopsis from leading economists and ...
Tags: economy
Advance Auto Parts Inc. has entered into a definitive agreement to acquire General Parts International Inc. (GP) for $2.04 billion. GP is a distributor and supplier of original equipment and aftermarket replacement products for commercial ...
Tags: Auto Parts, auto
Troubled smartphone maker has moved to reassure its customers - by writing to them and taking out full-page press advertisements telling them that it isn't going out of business. The letters to key customers and partners, reproduced in 30 ...
Tags: Blackberry, software, Computer Products, smartphone
The US federal government has shut many services after failing to pass a spending bill, something that has implications for the highly regulated oil and gas sector. On Friday, talks between House Republicans and President Barack Obama ...