Siemens has entered into an agreement to acquire Invensys Rail, the rail automation business of Invensys for approximately EUR 2.2 billion. At the same time, the company plans to divest its baggage handling, postal and parcel sorting ...
Tags: Siemens, rail, baggage handling, postal, parcel sorting activities
The Brazilian textile and apparel industry – among the top five in the world is reeling under the impact of two challenges – large scale imports and high labour and energy costs. These have created a cascading effect in the form ...
Tags: textile Sector, textile market, textile industry, apparel industry
Dutch food ingredients firm CSM expects to make a major progress on the sale of its bakery unit by early 2013. The company is currently undertaking preparatory work to divest the unit. CSM's bakery unit, which supplies ready-made muffins ...
Tags: ready-made muffins and croissants, bread and pastry mixes
The net income of private US property/casualty underwriters increased to $16.4bn in the first-half of 2012, as against $4.8bn during the same period in 2011. According to a report by US property-casualty insurance analyst firm ISO, the ...
Tags: net income, insurance analyst, ISO, profitability of insurer
US-based food company Campbell Soup has reported that its net earnings decreased by 7.5%to$245m or$0.78 per share for the first quarter of 2013,compared to$265m or$0.82 per share for the corresponding period in the previous year. For the ...
Tags: net earnings, net sales, allowances, EBIT
The federal government insists the GST does not apply to its carbon tax, warning action would be taken against businesses that claimed otherwise. However, air-conditioning firms, data contractors and waste firms have begun applying the ...
Tags: GST carbon tax, warning action, GST
Unifi Inc.released preliminary operating results for its first fiscal quarter ended September 23,2012.The Company reported net income of$2.3 million,or$0.11 per share,which increased compared to net income of$0.3 million,or$0.01 per ...
Tags: Unifi Inc., preliminary operating results, first fiscal quarter
Nigerian Government has doled out N 54 billion to revive cotton farming and production in the country,Minister of Agriculture and Rural Development,Akinwumi Adeshina said while speaking at a cotton stakeholders'workshop in Kaduna,a state in ...
Tags: Nigerian Govt, cotton output
TRW Automotive Holdings (TRW) has reported sales of $3.69bn for the third quarter ended 28 September 2012, an increase of 1%, compared to $3.91bn for the same period of 2011. The company posted a gross profit of $414m for the third ...
Tags: TRW, gross profit, operating income, share repurchase program
Computerworld - WASHINGTON -- The White House is all for the idea of a STEM visa, just not the one in a bill by House Republicans. In a "statement of administration policy" issued late Wednesday, the White House said that while it ...
TRW Automotive Holdings (TRW) has reported sales of $4.239bn for the second quarter ended 29 June2012 compared to $4.234bn for the same period of 2011. The company posted a gross profit of $476m for the second quarter of 2012, compared to ...
The Equipment Leasing and Finance Association's (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity for the $628 billion equipment finance sector, showed overall new business volume for October was $7.6 ...
Tags: Equipment Leasing and Finance Association, ELFA, finance sector
Chinese steel giant Hebei Steel announced to raise the prices for steel flat products by RMB50~RMB170/ton averagely for December. The firm decided to increase the prices for medium heavy plates and cd rolled steel plates/coils by ...
China is said to be considering a move to cut tax for iron ore mining companies in a bid to reduce input costs for the nation's steel industry. The country's Ministry of Industry and Information Technology is reportedly working with the ...
Tags: iron ore, tax cut, China, mining companies
Chinese steel giant Hebei Steel announced to raise the prices for steel flat products by CNY 50 to CNY 170 per tonne averagely for December 2012. The firm decided to increase the prices for medium heavy plates and cd rolled steel plates ...
Tags: Hebei Steel, steel price, steel market, steel flat product