Dubai Group is in talks to sell its 45 percent stake in a joint venture firm with cement maker Lafarge, two sources familiar with the matter said, as the state investment vehicle sells assets to repay its $10 billion debt pile. Lafarge ...
Tags: market view, cement
Stephen Kelly, former CEO of technology company Micro Focus, has taken over as chief operating officer (COO) at the Cabinet Office and head of the Efficiency and Reform Group in Ian Watmore's former role. Stephen Kelly is understood to ...
Tags: Stephen Kelly, Cabinet Office, COO, Efficiency and Reform
Much of Europe is now in the midst of an economic downturn,which is likely to plunge the region into its second recession in four years. But most of Europe's large and even medium-sized coating companies,as well as many of their raw ...
Tags: A Double-Dip Recession, Economic Downturn, The Coatings Sector
Philips has decided to cut 2,200 jobs at its lighting and electronic divisions to save€300m by 2014. According to the company,the restructuring programme will affect all sectors of the electronic and lighting divisions apart from ...
Tags: Philips, Cut 2, 200 Jobs, lighting and Electronic, Savings
Philips is set to cut 2,200 jobs at its lighting and electronic divisions with the aim of saving €300m by 2014. The restructuring programme will affect all sectors of the electronic and lighting divisions apart from the research and ...
Tags: LED Light
Virginia,US:Bassett Furniture's sales rose 1.8 percent to US$67.5 million in its second quarter,ended May 26,2012.The company posted a US$1.6 million operating profit versus an operating loss a year ago. A small part of the ...
Tags: Furniture, Antidumping Duties, Furnishing
Philips is set to cut 2,200 jobs at its lighting and electronic divisions with the aim of saving €300m by 2014. The restructuring programme will affect all sectors of the electronic and lighting divisions apart from the research and ...
Tags: Lights, Electronic, Philips, Lighting
Philips is set to cut 2,200 jobs at its lighting and electronic divisions with the aim of saving a??300m by 2014. The restructuring programme will affect all sectors of the electronic and lighting divisions apart from the research and ...
Tags: Philips, restructuring, lighting, electronic
Sony said Tuesday a new version of its popular "Personal 3D Viewer" head-mounted display, which wraps around the eyes and shows video so it appears at the size of a virtual movie screen, will go on sale next month for about $900. The HMZ ...
Tags: Japan, Sony, 3D Head-Mounted Display, personal technology
KB Financial Group, one of the four largest wealth managers by assets, has reached the final stages of discussions with Dutch insurer ING to acquire its Korean insurance unit in a deal estimated to be worth $2.2bn. The Dutch underwriter ...
HP is set to fire 2,000 more staff than it had originally planned over the next two years to "simplify" and "restructure" its operations. The company announced 27,000 job cuts in May when it published its second quarter (Q2) results, ...
Tags: HP, job cuts, multi-year restructuring plan, early retirement programme
Alcatel-Lucent is creating the role of chief operating officer(COO)at the company in an attempt to boost performance at the ailing firm. The job will be taken by the Alcatel's CFO,Paul Tufano.In addition to his financial ...
Lexmark International has exited the inkjet printer business and is laying off 1,700 people as part of a restructuring plan to improve profitability. Lexmark's restructuring will result in job cuts mainly tied to the inkjet ...
Tags: Layoff, Lexmark, inkjet printer
Sony will close its once-proud optical PC drive subsidiary by early next year,as part of its efforts to refocus on the connected world of smartphones,tablets and netbooks,a spokesman said Tuesday. Subsidiary Sony Optiarc,which ...
Tags: Sony Optiarc, Blu-ray and DVD drives maker, smartphones, tablets, netbooks
Troubled Japanese LCD and TV panel maker Sharp said Tuesday it will cut 2,000 jobs domestically,or about 6%of its local workforce,as part of ongoing restructuring efforts. The company said the reduction in staff would come through a ...
Tags: Japan, LCD and TV panel maker, Sharp