US stocks started the second quarter down, pressured by disappointing manufacturing data, after the Dow industrials and S&P500 capped off the first quarter with records. The Dow Jones Industrial Average declined 5.69 points, or less than ...
Tags: US Stocks, Stocks, stock index
German dairy firm Deutsches Milchkontor (DMK) has secured the regulatory approval to complete its acquisition of private-label ice cream manufacturer, Roseneis. The German federal competition authority - Bundeskartellamt has agreed the ...
Tags: Deutsches Milchkontor, Ice Cream Firm, Food
China, with its incredible economic significance, has become a key player in the global economy. Amidst the current global economic stagnation, it's attracting millions of professionals in pursuit of realizing their "Chinese Dream". Unlike ...
Tags: Service, Focus Vision
Najran Cement has agreed a deal to buy a 30% stake in Projects Supply Company - a transport and logistics specialist. The cement producer has said that the deal will allow it to better serve its own customer base as well as allowing it to ...
Pivot Cycles will complete the sale of its 50 percent ownership in BH USA to BH Europe on April 1, enabling Pivot to go forward focusing solely on its mountain bike business. BH USA and its national sales manager, Dan Barns, are moving ...
Tags: Pivot Cycles, BH bikes, bikes
Cisco this week reduced its workforce by about 1% -- or 734 people - as the company realigns to face the advent of software-defined networking, cloud computing and its impact on routing and switching. "We routinely review our business to ...
Tags: Computer Products, Electrical, Electronics
Global asset manager Principal Global Investors is selling a minority stake in Post Advisory Group to Nippon Life Insurance, in a move that can broaden Post’s distribution in Japan. Based in Santa Monica, California, Post is a ...
Tags: Nippon Life, Minority Stake
Aiming to expand presence in the petrochemical space, Indonesia’s biggest polyethylene producer, PT Titan Kimia Nusantara Tbk plans to construct a naphtha cracker complex near its industrial plant in Merak, Banten. Johanes Bambang ...
HSIL Ltd recently sold off its entire shareholdings over AGI Glasspack Ltd. The sanitarly ware and glass manufacturing firm previously held the entire stake in the wholly owned subsidiary AGI. The terms were not disclosed. According to a ...
Tags: Glassware Subsidiary, Glass, AGI Glasspack
Munich-based insurer Allianz has inked an agreement to acquire Turkish property and casualty underwriter Yap Kredi Sigorta including its life and pension subsidiary Yap Kredi Emeklilik, in a deal valued at TRY1.6bn (€684m). ...
Gujarat NRE Coking Coal (GNCCL), the Australian subsidiary of India-based Gujarat NRE, has announced that India-based Jindal Steel & Power Limited (JSPL) has increased its shareholding in the company to 31.5 percent from 29 percent as of ...
Tags: Coking Coal, coal, Metallurgy, Mineral, Energy
Russian steelmaker Evraz has announced that it has signed an agreement regarding the proposed sale of its 85 percent stake in South Africa-based Evraz Highveld Steel and Vanadium Limited (EVRAZ Highveld) to Nemascore (Pty) Ltd, a black ...
Tags: Evraz, Steel Mill, Metallurgy
Japan-based Nippon Steel & Sumitomo Metal Corp. (NSSMC) has announced that NS BlueScope Coated Products, its coated products joint venture with Australia-based steel producer BlueScope Steel Limited, has been launched. BlueScope stated ...
Tags: NSSMC, Bluescope, BlueScope Coated Products
For 2012, epiwafer foundry and substrate maker IQE plc of Cardiff, Wales, UK has reported record full-year revenue of £88m, consisting of £69m (79%) from Wireless, £18m (20%) from Photonics, and £0.95m (1%) from ...
Tags: IQE, Electrical, Electronics
On March 27, Liaoning Province-based Chinese steelmaker Lingyuan Iron and Steel Co. announced that it plans to issue approximately 37,837 non-public A shares aiming to raise up to RMB 1.4 billion ($225.1 million). Lingyuan Steel seeks to ...
Tags: Lingyuan Steel, Mineral, steelmaker