Emerson announced today it has signed an agreement to acquire SPX Corp.’s 44.5% minority interest in EGS Electrical Group, giving it 100% ownership of the business. Emerson and SPX have jointly held the business since 1997, with ...
Plummeting EU sugar prices will pose "a significant challenge" to Napier Brown – the sugar trading subsidiary of the Real Good Food Company (RGFC) – said its chairman Pieter Totté. Falling EU sugar prices represented a ...
Tags: Sugar, Agriculture, Food
Buoyed by rising sales generated by its sapphire ingot-making subsidiary USI Optronics, ferrite core maker Acme Electronics is expected to return to profitability in the fourth quarter of 2013, according to market watchers. Acme posted a ...
THE WOODLANDS, Texas — Powered by a 35.1% same-store sales gain and a 95% gain in furniture and mattress sales, retailer Conn's said its third-quarter profits were more than double last year's third quarter. The company, which ...
Tags: furniture and mattress sales, furniture retailer, Conn
SnackHealthy, Inc. today announced the Company has partnered with Hong Kong based Sterling Food Solutions, Ltd. for the distribution of its organic food products to Asia. SnackHealthy will begin shipping its organic milk, baby formula and ...
Gloria Material Technology Corporation (GMTC), the first specialty steel manufacturer in Taiwan said that its third-quarter sales revenues dropped by 2% from a quarter ago to NT$2.75 billion due to falling nickel prices and shortage of raw ...
HP is to axe 1,124 UK jobs at the start of 2014 in a move that union Unite claimed was a result of "a long-term addiction to a culture of job cuts". The systems giant is cutting 29,000 jobs worldwide - some eight per cent of its workforce ...
Releasing the second quarter numbers, the Vardhman Textiles’ management had predicted that margins may come under pressure ahead as cotton prices will increase while demand remains weak. The statement of the company that ...
Tags: Cotton Prices, Textiles
G-III Apparel Group, Ltd. announced operating results for the third quarter of fiscal 2014 that ended October 31, 2013. Highlights: -Net Sales Increase 23% to a Record $668.7 Million in the Third Quarter -Non-GAAP Net Income Per ...
Tags: G-III Apparel, Apparel
Russian steelmaker Severstal has announced that the distribution network of its Russian Steel Division in the January-September period this year increased its sales by five percent and more than doubled its EBITDA (earnings before interest, ...
Tags: steelmaker, metallurgy
TUALATIN, Ore., Dec. 2, 2013 /PRNewswire/ -- CUI Global, Inc. (NASDAQ: CUI), a platform company dedicated to the acquisition, development, and commercialization of new, innovative products and technologies, today announced that its wholly ...
Tags: liquid natural gas, energy
Turkey’s steel imports totaled 1 million tons in October, falling by 10% year on year, according to data released by the Turkish Iron and Steel Producers' Association (TCUD). In October, the country’s steel export revenues ...
Tags: metallurgy, steel
Russell Breweries, a Canada-based producer of premium craft beer, has posted gross revenue of $2.47m for the first quarter (Q1 2014) ended 30 September 2013, up 7% , compared to the gross revenues of $2.32m for the corresponding quarter of ...
Tags: Russell Breweries, Revenue up
Taiwan-based LED packaging company Everlight Electronics expects the proportion of consolidated revenues for LED lighting components and devices to increase from over 20% in 2013 to more than 30% in 2014, according to company chairman ...
Tags: LED Lighting, Everlight
China's latest figures on industrial activities indicated that the world's second largest economy faced worsening overcapacity despite a slew of measures and repeated warnings from the leadership. Analysts said overcapacity was posing a ...
Tags: Overcapacity, China's Economy