Ford along with its Chinese partner Chongqing Changan Automobile is planning to invest $1.08bn to buy a plant owned by Chinese automaker Harbin Hafei Automobile. Changan Ford Automobile, a joint venture between Ford and its Chinese ...
Axalta Coating Systems Ltd. has commenced a secondary offering of 35,000,000 common shares. The shares will be offered by certain affiliates of The Carlyle Group (the “selling shareholders”). The offering is being made pursuant ...
Chinese food establishment Cofco is exploring deals for possible acquisitions or partnerships in the US, a move that could provide the company with access to the world’s largest source of corn and a top soybean grower. Cofco ...
Tags: Cofco, Grain Market, Food
The Finish Line reported earnings declined 5.4 percent to $40.4 million, or 87 cents in its fourth quarter ended Feb. 28, but adjusted earnings topped Wall Street's consensus target. Sales improved 6.3 percent to $551.3 million with comps ...
Tags: Balance Sheet, Wall Street, Sporting Goods
Brazilian private equity firm 3G Capital Partners is in talks to acquire American Food Company Kraft Foods, in a deal potentially valued at more than $40bn. According to people familiar with the matter, the private equity firm would ...
Tags: Kraft Foods, market, brands
Nike Inc. reported earnings rose 16.0 percent in its third quarter ended Feb. 28, to $791 million, or 89 cents a share, versus Wall Street's consensus target of 84 cents. Sales rose 7.0 percent to $7.46 billion. Sales on a currency-neutral ...
Tags: Nike, Earnings, Sporting Goods
Brown-Forman is planning to invest an additional $20m to restore its Old Forester bourbon brand. Last year, the company had allocated $30m to establish a new distillery in Louisville, Kentucky, to produce Old Forester, which sold only ...
Ford has announced the expansion of its connected services through cloud-based ‘Ford Service Delivery Network’ powered by Microsoft Azure.Ford Service Delivery Network is designed to keep next generation vehicles up-to-date ...
Tags: Ford, Microsoft Azure, Tesla, wireless connection
Foot Locker, Inc. reported fourth-quarter earnings rose 18.0 percent to $146 million, or $1.01 a share, easily eclipsing Wall Street's target. Earnings, adjusted for non-recurring gains, came to $1 per share, beating Wall Street's consensus ...
The Apple Watch could launch within a month or so, according to the most recent batch of rumors and indications from the company itself. While the device is expected to have more health-tracking functionality than any iDevice before it, ...
Tags: Apple Watch, Health Tracking
Dutch brewing company Heineken is planning to build a new brewery in northern Mexico, which will see an investment of around $470m. The proposed plant will be capable of producing nearly 5 million hectoliters of beer annually. The ...
Dutch establishment Wessanen will divest its juice business American Beverage Corporation in the US to Brynwood Partners, in a $55m deal. American Beverage produces and markets ready to drink cocktails, non-alcoholic cocktail mixers, and ...
Tags: Wessanen, Juice Business, Beverage
The Australian Foreign Investment Review Board (FIRB) has approved $1.13bn bid by JBS USA to acquire Australian Consolidated Food Holdings (Primo), said treasurer Joe Hockey. With this approval, US subsidiary of the Brazilian meat ...
Tags: meat processing, Pork
Apple is reportedly planning to venture into self driving car market and holding talks with car makers and automotive suppliers in this regard. Reuters cited sources familiar with the mater as saying that the iPhone maker is looking to ...
Tags: Apple, Self Driving Car
Hormel Foods is in the late-stage talks to acquire Applegate Farms, a producer of organic hot dogs, bacon and sausages. This comes after the company acquired Muscle Milk maker CytoSport Holdings in August last year. The proposed deal ...
Tags: Hormel Foods, Bacon