China's mechanical industry developed rapidly last year, buoyed by the fast-growing auto and electrical appliance segments, China Machinery Industry Federation said Thursday. The auto sub-sector contributed nearly 60 percent of the ...
Lenovo has announced results for its third fiscal quarter ended December 31, 2016. Quarterly revenues were US$12.2 billion, a 6% decrease year-on-year. Third quarter pre-tax income was US$101 million, a 68% decline year-on-year. Net income ...
Tags: Lenovo, smart devices
UK-based packaging firm RPC Group has signed an agreement to acquire Letica, a US-based manufacturer rigid plastic packaging and foodservice products, for $640m. Letica is engaged in manufacturing rigid plastic packaging and foodservice ...
Tags: packaging, RPC Group, rigid plastic
KapStone Paper and Packaging reported preliminary results for the fourth quarter and year ended December 31, 2016. As compared to 2015's fourth quarter, results for 2016's fourth quarter: Net sales of $777 million, up $13 million, or 2 ...
Tags: KapStone Paper, Packaging
Graphic Packaging Holding Company, a provider of packaging solutions to food, beverage and consumer product companies, reported Net Income for fourth quarter 2016 of $34.9m , or $0.11 per share, based upon 317.9 million weighted average ...
Tags: Graphic Packaging, Packaging
Toyota said it will boost SUV production at an Indiana factory with a $600m investment, which could add 400 jobs. The investment is part of the company’s strategy of localisation to build vehicles where they are sold. It will be ...
Niagara Bottling is set to invest around $95m to expand its operations in Box Elder County, Utah, US. The beverage bottling firm, along with the Economic Development Corporation of Utah (EDCUtah), has announced the expansion and capital ...
Tags: Niagara Bottling, beverage
Automobile sales are expected to slow next year after a boom in 2016, the Ministry of Commerce (MOC) said Thursday. Growth in auto sales in 2017 could slow to an annual 2 percent to 6 percent, said MOC spokesperson Shen Danyang, citing ...
Tags: Automobile, Car Sales
Donald Trump has a lot of talking to do these days. It's heartening, then, that he's good at it. During his highly informative meeting with The New York Times on Tuesday -- happily live-tweeted by Times journalists -- Trump touched on ...
Tags: Donald Trump, Apple, Tim Cook
For the past six months I've been in the market for a new laptop, and like a lot of people, I put off making a purchase until Apple unveiled its redesigned MacBook Pros, which were officially introduced in late October and shipped last ...
Tags: Apple, laptop, MacBook Pros
Tim Cook is apparently trying to dispel the feeling that Apple has abandoned the desktop. Though the company released an overhauled MacBook Pro laptop in October, it's been years since much of its Mac lineup of desktops has been updated. ...
Tags: Tim Cook, Apple, MacBook Pro
Keeping up a sound and steady pace of development, the Chinese sports industry was booming in 2016 as investors tried to cover a wider range of business, while finding new engines to drive growth. Policy-oriented industry China's State ...
Tags: Sports Industry, outdoor sports
When the European Union slapped Apple with a $14.5 billion tax fee in August, CEO Tim Cook called it "political crap." This week, the tech behemoth is fighting back in the form of an official appeal. "Apple is not an outlier in any ...
When the European Union slapped Apple with a $14.5 billion tax fee in August, CEO Tim Cook called it "political crap." This week, the tech behemoth is fighting back in the form of an official appeal. "Apple is not an outlier in any ...
Tags: Apple, EU's watchdog
Fueled by the favorable policy for small engine cars and people's enthusiasm for SUVs, China's automotive market is set for double-digit growth this year. Statistics from the China Association of Automobile Manufacturers show a record ...
Tags: small engine cars, SUV