Tempur-Pedic International Inc. a leading manufacturer, marketer and distributor of premium mattresses and pillows worldwide, announced financial results for the fourth quarter and year ended December 31, 2012. The Company also issued ...
Tags: Tempur-Pedic International, premium mattresses, pillows
Symantec plans to cut over 1,000 jobs as part of a shake-up at the Californian anti-virus software firm, reports suggest. The firm, which yesterday released rather positive trading results, announced a streamlined corporate strategy that ...
Tags: Symantec, anti-virus software, cut jobs
Beijing-based Chinese integrated steel trading and logistics services provider Minmetals Development Co. Ltd has issued its financial results for 2012, indicating a net loss of RMB 350 million ($56 million), compared to a net profit of RMB ...
Tags: Minmetals, steel trading, steel market
Cree, Inc. (Nasdaq: CREE), announced revenue of $346.3 million for its second quarter of fiscal 2013, ended December 30, 2012. This represents a 14% increase compared to revenue of $304.1 million reported for the second quarter of fiscal ...
Russian retailer Magnit booked a 71.62% increase in full-year EBITDA today (22 January), driven by improved margins and higher sales. The company said that EBITDA rose from RUB27.6bn (US$939.3m) in 2011 to RUB47.37bn in 2012. In 2012, the ...
Tags: Magnit, margins, higher sales, EBITDA
The Co-operative Bank could write-down up to £200m of IT investments if it finalises a proposed acquisition of 632 Lloyds Banking Group (LBG) branches. The Co-op Bank's annual profits could be impacted significantly if its ...
Australia-based miner Rio Tinto has announced that it will register an impairment charge of $3 billion in its financial results for 2012 due to underperformance of its Mozambican coal business and an additional $10 billion write-down from ...
Tags: coal business, coal assets, coal
NeoPhotonics Corp of San Jose, CA, USA, a vertically integrated designer and manufacturer of both indium phosphide (InP) and silica-on-silicon photonic integrated circuit (PIC)-based modules and subsystems for bandwidth-intensive, ...
Tags: NeoPhotonics, semiconductor, semiconductor optical components
Henan Province-based Chinese steelmaker Zhongyuan Special Steel Co., Ltd has issued its estimated financial results for 2012, indicating a net profit of RMB 68.0577-81.6692 million ($1.1-1.3 million), with a decrease of 10-25 percent ...
At the suggestion of the State-Owned Assets Supervision and Administration Commission of the State Council of China (SASAC), Chinese state-owned enterprise Sinochem Group, the country’s fourth-largest oil company, has started initial ...
Tags: oil, chemical fertilizers, oil industry
On January 21, Zhejiang Province-based Chinese pipe producer Jiuli Stainless Steel Pipe Co., Ltd issued its financial results for 2012. Accordingly, for 2012 Jiuli Stainless Steel Pipe has posted a net profit of RMB 159 million ($25 ...
Huawei saw net profit rise by 33 per cent in 2012, the Chinese telecommunications firm announced in its financial results for the year. The profits were much improved on 2011, with the firm expecting to make a net total of 15.4bn yuan ...
Tags: Huawei, net profit, telecommunications
On January 17, Xinjiang-based Chinese steelmaker Bayi Iron and Steel Co. (Bayi Steel), a subsidiary of Chinese steel giant Baosteel Group, issued its financial results for 2012, indicating a net profit of RMB 155 million ($25 million), down ...
Tags: Bayi Steel, Nanjiang Steel, steelmaker
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th January 2013). ID1,613 / $1,745 (-0.6%) (weekly change). The number of week traded shares was 23.3bn and the weekly trading volume was ID30.5bn ($25.4mn). ...
Tags: Iraq, Stock Market, ISX
Insteel Industries, Inc. reported Thursday net earnings of $2.4 million, or $0.13 per diluted share for Q1 of fiscal 2013 compared with a net loss of $0.2 million in the same period a year ago. Insteel said that its financial results for ...
Tags: Insteel reports, Insteel Industries, welded wire reinforcement