Paperlinx's net loss was $266.7 million for the year to 30 June, 2012, compared to the $108 million loss to the end of June, 2011. Investors were told on 26 June that the expected loss for the year would be $171 million. Chairman Harry ...
Tags: Paperlinx, net loss, operating costs, higher-than-expected loss
Home furnishings industry veteran Ron Downs announced the launch of The Downs Group, providing senior financial consulting services to the furniture and home furnishings industry working with manufacturers, distributors and its suppliers. ...
Tags: Industry, Company, Furnishing
The take-up of mobile technology will have a dramatic affect on back-office IT systems, with hidden costs and disruptions possible for companies that do not redesign systems and processes, according to Forrester Research. Businesses are ...
Tags: mobile technology, dramatic affect, back-office, IT systems
PV puts utilities and construction ‘on collision course’ 16 Aug 2012 Achieving widespread grid parity with solar electricity may set up a titanic clash between the two industry sectors. PV panel The falling cost of ...
The last installment in this three-part series tackles the challenges faced by makers. Shenzhen represents more than 70 percent of Guangdong province's lighting products. The bulk of the latter's LED light shipments of $3.81 billion ...
Tags: LED lighting
The global financial services sector still faces upheaval, five years after the credit crunch decimated its ranks. But how have IT strategies changed in the years since the UK government was forced to nationalise Northern Rock? Five years ...
Tags: global financial services, IT strategies, IT infrastructure, software
Nestle's share price increased this morning (9 August) as the Kit-Kat maker booked an increase in first-half profit and reaffirmed its full-year guidance. The Swiss food giant reported an 8.9% increase in earnings of CHF5.12bn (US$5.26bn) ...
Tags: food, share price, emerging markets, price rises, cost-cutting, water
Finnish meat firm HKScan has reported widening half-year losses and reiterated its warning that annual EBIT will fall this year. In the six months to the end of June, net losses amounted to EUR5.1m (US$6.3m) compared to a net loss of ...
Tags: HKScan, meat, will fall, poultry slaughtering, meat raw material
Google is to lay off 20%of the Motorola Mobility workforce with 4,000 redundancies worldwide,two-thirds of that number coming from outside the US. The company said it intends to ditch its standard phones as part of the move."Motorola ...
Tags: Google, Motorola, cut staff, mobile product portfolio—shifting
Emcore Corp of Albuquerque,NM,USA(which makes components,subsystems and systems for the fiber-optic and solar power markets)has completed both a business and a management realignment in a company-wide restructuring that changes its ...
Global food ingredients manufacturer International Flavors and Fragrances saw its half-year net profits rise after its flavours business delivered a positive performance. Net income for the six months of the year ending 30 June, increased ...
Tags: food, flavors, fragrances, flavours business
GSI Group hit by scientific market slowdown 09 Aug 2012 Sales of fiber lasers from subsidiary JK Lasers triple year-on-year, but scientific orders are delayed. JK Lasers' carbon dioxide laser GSI Group, the owner of well-known ...
Tags: GSI GroupJK Lasers, Lights, Lighting, GSI Group, carbon dioxide laser
UPM’s forest and timber division has recorded €2m second-quarter operating profits excluding special items. The result becomes a loss if special costs of €43m - relating to the restructuring of UPM's sawn timber and further ...
Tags: market view, timber
HP warned investors of a colossal quarterly loss in its third fiscal quarter after writing down $8bn (£5.1bn) on its services arm, of which the majority lies with its $13.9bn (£8.8bn) purchase of IT equipment and services ...
Tags: HP, Meg Whitman, Nefkens, Mike Lynch
MiaSoléof Santa Clara,CA,USA,which was founded in 2001 to make copper indium gallium diselenide(CIGS)thin-film photovoltaic panels,is to reorganize manufacturing and operations.The course of action will allow the firm to continue ...