Ube Industries, Ltd. announced that it will cease production of caprolactam (CPL) at the Sakai Factory in Japan. The decision was made today at a meeting of the Board of Directors and will result in the company recording an extraordinary ...
Tags: Ube Industries, caprolactam, Sakai Factory
The Australian sharemarket rose to a fresh four-and-a-half year high today as positive domestic earnings reports and further signs of improvement in the global economy encouraged investors to continue moving money from cash and bonds to ...
Tags: Australian sharemarket, earnings, equities
Challenging business conditions for small-to medium-sized businesses dampened sales at Officeworks in the half-year to 31 December. The Wesfarmers subsidiary said it achieved “solid” earnings growth of 11.8 per cent to $38 ...
Tags: Officeworks, office supplies, office supplies division
Swiss meat processing company Bell Group has booked an increase in full-year profits, despite what it claims has been a "demanding" market environment. In the 12 months to the end of December, net profit climbed 5.9% to CHF75.8m ...
Tags: meat processing company, Bell Group, full-year profits
The Australian dollar was half a US cent higher after the US dollar lost ground against the euro and the yen in overnight trade. At 6.30am AEDT the local unit was trading at 103.05 US cents, up from 102.55 cents at yesterday’s local ...
Cisco Systems posted higher revenue and profit in its fiscal second quarter as Chairman and CEO John Chambers reiterated the company's ambitious goal to become the biggest company in IT. For the quarter ended Jan. 26, Cisco posted revenue ...
Tags: Cisco Systems, revenue, profit, IT industry
The European Steel Association (EUROFER) has stated that the EU steel market is expected to continue to slow down in the first quarter of the current year, despite several economic indicators edging up since November 2012. "We do expect a ...
Tags: Steel, steel market, steel industry
NEMA’s January Electroindustry Business Confidence Index (EBCI) for current North American business conditions built on the momentum generated at the end of 2012, climbing for a fifth month in a row to 73.8. The nearly 10 point gain ...
Food businesses need more government support to create a sustainable food system, according to a new report. Dan Crossley warned the ‘pass the buck’ mentality to food sustainability was harming consumers and the environment ...
Tags: Food businesses, government support, sustainable food system
Growing at a faster rate than the overall U.S. economy, the nonresidential construction industry is expected to see solid, yet measured, increases in activity this year. High demand for hotels and retail projects have the commercial sector ...
Tags: Nonresidential Construction, nonresidential construction industry
Business conditions at architecture firms continue to improve, according to the latest Architecture Billings Index (ABI). The American Institute of Architects (AIA) reported the December ABI score was 52.0, down from the mark of 53.2 in ...
Pittsburgh, Pennsylvania-based specialty steelmaker Allegheny Technologies Incorporated reported Q4 2012 sales of $1.1 billion and net income of $10.5 million, which includes a "special charge" or $8.8 million. The special charge reflects ...
Tags: steelmaker, Allegheny Technologies, sales
Business conditions at architecture firms continue to improve. As a leading economic indicator of construction activity, the Architecture Billings Index (ABI) reflects the approximate nine to twelve month lag time between architecture ...
American agribusiness company Cargill has announced that it will idle its beef processing facility in Plainview, Texas, on 1 February 2013, and lay off 2000 workers. The company has blamed reduced cattle supply resulting from years of ...
Tags: Cargill, beef processing facility, Texas
Furniture retailer C.A. Hoitt is closing its doors after 133 years, as its owner and president has chosen to retire. While the business climate has been challenging, President Brian Longo said the decision was not born out of distress. ...
Tags: C.A.Hoitt, furniture, furnishing