The Chinese government has approved the establishment of China Railway Corporation, which will perform the commercial operations of the defunct Ministry of Railways (MOR). The new corporation will have a registered capital of RMB 1.036 ...
Tags: Chinese Government, Railway Corp., policy
Global steel giant ArcelorMittal has announced that it is targeting $3 billion in savings by the end of 2015, by improving the reliability and productivity of its blast furnaces and cutting fuel costs. The steelmaker stated that the asset ...
Tags: Arcelormittal, Mineral, steel
The sharemarket lost 2 per cent as spooked investors sold off local stocks amid bailout plans for Cyprus. At the close today, the benchmark S&P/ASX200 index was down 104.8 points, or 2.05 per cent, at 5015.4. The broader All Ordinaries ...
Tags: Cyprus, spooked investors, stocks
ARCHDALE, N.C. — Tempur-Pedic's acquisition of Sealy will provide new opportunities for many employees of those two companies, their leaders say. They minimized talk of possible layoffs. "There will be opportunities for many ...
Tags: Light Industry, Daily Use
Tempur-Pedic's Mark Sarvary, left, and Sealy's Larry Rogers sit on a Sealy Posturepedic mattress at Sealy's headquarters in Archdale, N.C. ARCHDALE, N.C. — Tempur-Pedic's acquisition of Sealy, which creates a $2.7 billion global ...
Tags: Light Industry, Daily Use
The US economy is unlikely to fall back into a recession, despite the March 1 sequester, because a revival in the private sector is likely to offset the fiscal drag of public spending cuts, according to EFIC's latest issue of World Risk ...
Acal has entered into a conditional agreement to acquire the Myrra Group through the acquisition of its holding company, Aramys, for an initial €9.5m (£8.3m). A further future payment of up to a maximum of €1.8m ...
Tags: Consumer Electronics
The Board of Directors of Brunello Cucinelli S.p.A. – an Italian maison operating in the luxury goods sector, listed on 27th April last year on the Borsa Italiana Electronic Stock Exchange –reviewed and approved the consolidated ...
Tags: Brunello Cucinelli, Apparel, copmany news
Suntech Power Holdings, a China-based solar module giant, said on March 11, 2013, that it has signed a forbearance agreement with the holders of more than 60% of the firm's 3% convertible notes. The forbearance agreement between Suntech and ...
Tags: Suntech, Lighting, solar module
US snack food manufacturer McKee Foods has been selected as the leading stalking horse bidder to acquire Hostess Brands' Drake's snack cake business for $27.5m. Hostess Brands stated that the deal will be presented to the US Bankruptcy ...
Tags: Mckee Foods, Drake's Snack Cake, Food
Reports that STMicroelectronics have failed to find a buyer for ST--Ericsson mean that only one option remains for ST-E and that is closure unless the French government bails it out. Last December ST committed to exiting from the jv by ...
Britain’s fourth largest supermarket Morrisons has revealed plans to start selling food online by the end of the year and open more convenience stores in its latest financial results, which reported profit before tax down by 4% to ...
Tags: Morrisons, Online, Convenience
Express, Inc, a specialty retail apparel chain operating more than 620 stores, announced fourth quarter and full year 2012 financial results for the fourteen and fifty-three week periods ended February 2, 2013. This compares to 2011, which ...
Tags: Express, apparel chain, 2012
LED chipmaker Epistar plans to find important downstream strategic partners by issuing 250 million new shares for private placement, and targeting Europe- and US-based lighting brands as investors. The deal is expected to be completed ...
Tags: LED chipmaker, Lighting, LED
Dell has introduced the versatile XPS 18 PC, an 18-inch all-in-one PC that can double as a supersized tablet. The XPS 18 runs Windows 8, and with a large touchscreen, has the look of a mammoth tablet. At 2.2 kilograms, the machine is not ...
Tags: Computer Products, dell