London based private equity firm Cinven is planning to launch its Partnership annuity business, although the firm has not revealed the name of the new underwriting entity. Sources close to the matter told Financial Times that the private ...
Owens Illinois, a glass bottles firm, has predicted a gloomy outlook with respect to the demand due to a poor wine market in Australia. Pending sales contracts, reportedly with Foster's and Lion Nathan, in addition to stretched union ...
Tags: glass bottles, wine market, bottle maker
Freshlink Foods is planning to close its frozen sausage factory in Glasgow, Scotland, putting nearly 145 jobs at risk. The company has initiated a 90-day consultation period with its workforce about the future of the plant. According to ...
Tags: frozen sausage factory, future of the plant, leading food processor
Georgia Gulf Corporation (GGC), a leading North American manufacturer and international marketer of commodity chemicals as well as polymers, is considering buying a stake in any US-based ethylene plant to meet its raw material requirements. ...
Tags: ethylene plant, commodity chemicals, polymers, ethylene
Guggenheim Life, the underwriting business unit of Guggenheim Partners, is gearing up to acquire some, or all, of Aviva US, for expected purchase price of 800m p ($1.25bn). With $160bn assets, Guggenheim has plans to increase its ...
Tags: Guggenheim Life, acquisition, Aviva US, purchase price
Danone, which had purchased India-based Wockhardt's nutrition business for INR12.80bn, intends to double the domestic baby and medical nutrition business over the next three to four years. Earlier in 2012, the French dairy major acquired ...
Tags: Danone, the domestic baby and medical nutrition business, baby nutrition
Takamul Investment Company, the downstream investment subsidiary of Oman Oil Company, is actively weighing the feasibility of establishing a ferrochrome smelter project in the Sultanate. An official of Takamul said that "Weaare still in ...
Thailand's PTT Plc is considering building a huge petrochemical and refining complex in Vietnam, according to a statement released Thursday by the provincial government of the Vietnamese central province of Binh Dinh. Sukrit ...
Powys Council has announced cc install LED light bulbs in more than 14,000 lamp posts across the county, including 4,770 units that the authorities previously blacked out. As the BBC reports, the council angered residents of some of the ...
Tags: LED Lighting
In order to better address financing needs of the local handloom and textile sector, government of the southern Indian state of Andhra Pradesh is deliberating on establishing a special bank with a primary investment of two billion rupees. ...
Tags: handloom, textile, N Kiran Kumar Reddy, G Prasad Kumar
Police across Europe could soon find themselves monitoring Facebook,Google and Twitter for content related to terrorism. A leaked report about a"Clean IT"initiative by the European Union(EU)revealed the plan for police officers ...
Tags: EU, monitor web, police, Wikipedia
In what would be its maiden overseas venture, Birla Corp plans to set up a cement plant in Ethiopia. The MP Birla group company has recently formed a wholly-owned subsidiary, Birla Corp Cement Manufacturing Plc, in the sub-Saharan African ...
Tags: market view, cement
Building-related groups rank high in IBD's rankings of 197 industry groups amid a recovery in the housing and construction markets. The Building-Hand Tools group is quickly rising and is home to dividend stalwart Stanley Black & Decker ...
Tags: Market View, hand tool
Thailand’s largest petrochemical and refinery firm, PTT Global Chemical (PTTCG) may opt to build new toluene diisocyanate (TDI) plant in SE Asia. TDI is a core component for making polyurethane. PTTGC, is considering several Southeast ...
Tags: market view