Clearwater Seafoods has said large a debt settlement and refinancing charge helped sink earnings in its fiscal first-half. In the six months to the end of June, the company made a net loss of C$5.4m (US$5.4m) compared to earnings of ...
Tags: debt settlement, fiscal first-half, net loss
US food firm Pinnacle Foods has booked a drop in third-quarter earnings, which were hit be charges related to restructuring and refinancing. In a regulatory filing yesterday (8 November), Pinnacle said EBIT dropped to US$60m in the third ...
Swiss chocolate maker Barry Callebaut insisted it is "confident" on the outlook for the coming fiscal year after investments weighed on the group's bottom line. Barry Callebaut booked a drop in net profit this morning, with earnings for ...
Tags: Investment, chocolate maker, chocolate
Bailed out US insurer American International Group (AIG) is creating hassels to prevent attempts by US homeowners to refinance their government-backed mortgages. AIG is reluctant to automatically waive its right to pursue lenders for ...
Tags: American International Group, government-backed mortgages, underwriter
Alan Offenberg has been named chief executive officer by the Compass Diversified Holdings board and will remain on the company's board of directors. Compass is the parent of Fox and CamelBak. Offenberg is a founding partner of Compass ...
Tags: Fox, CamelBak, Compass Group
French poultry firm Doux,which entered into administration earlier this month,is looking for buyers who would be able to acquire the entire business. Judicial administrator Regis Vaillot said that the administrators wanted to avoid a ...
Broder Bros. Co. announced its third quarter results for its quarter ended September 29, 2012. Third Quarter 2012 Results Compared to Third Quarter 2011 Results Third quarter 2012 net sales were $205.1 million compared to $220.5 ...
Tags: Broder Bros, third quarter, results, net sales
Private equity firm Permira has cancelled its plans to both refinance and sell the frozen food company Iglo. Permira had planned a dividend recapitalization with Credit Suisse and Deutsche Bank and was expecting to raise ...
US food company Smart Balance has completed the acquisition of Udi's Healthy Foods,a producer of gluten-free products,for$125m in cash. Smart Balance has acquired Udi's Healthy Foods from majority shareholder Hubson Acquisition,an ...
Doncaster-based provider of outsourced services, Direct Group has completed acquisition of Simple Insurance from Leeds-based UK General for an undisclosed amount. Direct Group chief executive Derek Coles said the company offers a range of ...
Tags: Direct Group, acquisition, Simple Insurance, insurance company
Unifi Inc.released preliminary operating results for its first fiscal quarter ended September 23,2012.The Company reported net income of$2.3 million,or$0.11 per share,which increased compared to net income of$0.3 million,or$0.01 per ...
Tags: Unifi Inc., preliminary operating results, first fiscal quarter
Business Standard reported that more clarity on talks to refinance loans for oil, steel, shipping and ports entities to emerge in a month or two; external commercial borrowing refinance a prime tool. With a combined debt of close to INR ...
Tags: Essar Group, debt burden, refinance loan, oil, steel
American Apparel Inc.,a vertically integrated manufacturer,distributor,and retailer of branded fashion-basic apparel,announced financial results for its third quarter ended September 30,2012. Dov Charney,Chairman and CEO of American ...
Tags: American Apparel, fashion-basic apparel, financial results, Dov Charney
Westlake Chemical Corporation reported net income for the three months ended September 30, 2012 of $87.0 million, or $1.30 per diluted share, on sales of $821.2 million. This represents an increase in net income of $19.1 million from the ...
Tags: Westlake Chemical Corporation, net income, debt refinancing costs
ST. LOUIS --- Furniture Brands International reported today that it cut its third-quarter net loss to $18 million on a 0.9% drop in sales. The most recent quarterly loss, which equals 33 cents per share, compares with a net loss of $24.5 ...
Tags: Furniture