US auto maker General Motors (GM) has signed an agreement with Belgian firm Punch Metals to sell its transmission plant in Strasbourg, France, as part of its effort to slash losses in Europe. Under the agreement, the Belgian firm will ...
Tags: General Motors, Punch Metals, automotive supplier, die casting operation
Hewlett-Packard has had some bad quarters in its 73 years, but perhaps none as bad as its latest -- when it reported a loss of $8.9 billion on sales that fell 5% to $29.7 billion. The poor third-quarter results produced little drama on ...
Tags: HP, Wall Street, CEO, Meg Whitman
As announced, Klöckner & Co is selling its entire Eastern European operations as part of its restructuring program. In the first phase of the transaction, activities in the Czech Republic, Bulgaria and Romania, which make up over two ...
US-based solar crystal growing furnace maker GT Advanced Technologies has announced plans to write down the majority of its directional solidification system (DSS) inventory, meaning the firm will no longer supply such equipment to the ...
Tags: DSS Inventory, GT Advanced Technologies, inventory polysilicon
Dendreon Corporation has sold its immunotherapy manufacturing facility (IMF) in Morris Plains, New Jersey, US, to Novartis Pharmaceuticals for $43m. In early 2012, Dendreon had decided to bring down Provenge production at the facility as ...
Tags: Novartis, Dendreon immunotherapy, manufacturing facility, Medicine
Businesses have been urged to prepare for the arrival of HTML5 – the technology that underpins the next generation of the web. Organisations should start evaluating HTML5 now and assess its effect on customers' web browsing ...
Tags: HTML5, underlying back-end systems, underlying IT systems, web
Mechel OAO one of the leading Russian mining and metals companies, announces the disposal of 100% of the shares of Toplofikatsia Rousse EAD (TPP Rousse, Bulgaria). Mechel OAO announces that it has signed an agreement for the disposal of ...
Tags: Mechel OAO, metallurgical coal producer, Toplofikatsia Rousse EAD
For its fiscal fourth-quarter 2012 (to end-June), optical communications and laser component, module and subsystem maker Oclaro Inc of San Jose, CA, USA has reported a second consecutive quarter of growth as it continues to recover from ...
HP CEO Meg Whitman has reiterated the company’s commitment to its hardware business in a bid to reassure shareholders over the company’s future. During her keynote speech at HP’s annual Discover conference in Las Vegas ...
Tags: HP, hardware business, PCs, printing, servers, storage
Bhuwalka Steel Industries Ltd has informed BSE that the Company’s application for restructuring of its bank borrowings under Corporate Debt Restructuring with CDR Cell and bank lenders viz, Canara Bank and IDBI Bank Ltd, has been ...
Tags: Bhuwalka Steel, Steel, BSE, Board meeting
Following the recent restructuring of its distribution channel, Philips Lumileds has announced that it has added new distributors for the first time in nearly two decades. These new strategic partnerships will help serve the needs of a ...
Tags: LED lighting, Philips Lumileds
General Mills has lifted its forecast for underlying annual earnings after reporting a "good" performance in the first half of the US group's financial year. The Green Giant and Old El Paso owner today (19 December) refreshed its guidance ...
Tags: General Mills, annual earnings, financial year, higher profits
AUSTRALIAN shares ended a holiday-shortened trading session modestly higher today,with gains in the mining and financial sectors pushing the market to an 18-month high. The rise sets the market up to end the year almost 14 per cent ...
Tags: shares, market, stocks, financial sectors
At the end of October, GT Advanced Technologies Inc of Nashua, NH, USA (a provider of polysilicon production technology as well as sapphire and silicon crystalline growth systems and materials for the solar, LED and other specialty markets) ...
Tags: GT, sapphire furnace, solar, LED
There's little doubt that multi-sourcing enterprise IT services. The average U.S. IT shop is working with 13.5 service providers overall, according to Gartner. But managing multiple providers remains a challenge for most IT organizations. ...
Tags: IT services, IT shop, service providers, IT organizations