Corrugated specialist RockTenn adjusted earnings shot up 127% to $2.16 per share in the third-quarter of fiscal 2013 (ended Jun 30, 2013) from 95 cents a share in the year-ago quarter. Total revenue improved 6% year over year to $2.448 ...
Tags: Pack Firms, Packaging
Asia Packaging Group has announced the acquisition of land use right and buildings for Yuanxing Packaging manufacturing operations in Fujian Province, China. The company entered into a land acquisition agreement during the fourth quarter ...
Tags: Asia Packaging, Yuanxing Packaging
Apple reported a drop in profits on roughly flat revenue for the April to June quarter, though the results were ahead of analysts’ expectations, providing something of a silver lining for the company. Revenue was $35.3 billion, up 1 ...
SanDisk today announced a line of wireless flash drives that can store up to 64GB of data. The SanDisk Connect Wireless Flash Drive The new drives include the Connect Wireless Flash Drive -- a thumb drive -- and the Connect Wireless ...
Tags: Wireless Flash Drives, SanDisk
Smartphone and tablet chip vendor MediaTek has unveiled an octo-core processor it says can run all eight cores simultaneously when active. The Taiwan-based company plans to launch the chip in the fourth quarter, MediaTek spokeswoman ...
Tags: 8-Core Chip, Mediatek, Smartphone
HanesBrands , a leading marketer of everyday basic apparel under world-class brands, announced that it has entered into a definitive agreement to acquire Maidenform Brands, Inc. , for $23.50 per share, a 30 percent premium to ...
Tags: Hanesbrands, Apparel
Microsoft on Thursday took an unexpected $900 million charge to account for what it called "inventory adjustments" for the Surface RT, the poor-selling tablet that debuted last year. Later on in the day, Microsoft held a conference call ...
Tags: Microsoft, Computer Products, software
House prices, as measured by the House Price Index (HPI), fell by 2.2% in the euro area and by 1.4% in the EU3 in the first quarter of 2013 compared with the same quarter of the previous year, according to data published by Eurostat, the ...
Tags: House Price, economy
U.S. manufacturers can breathe a sigh of relief that the global economy has taken a few steps back from the brink, with the Federal Reserve and other central banks playing key roles, according to a new report. In the Manufacturers ...
Tags: economy
Bank of Communications (BOCOM), China's leading commercial bank, released its projections on Monday for China's economy in the second half of 2013, predicting gross domestic product growth of around 7.5 percent by the end of the year. ...
Tags: Economy
Australian iron ore development company BC Iron Limited has announced that in the quarter ended on June 30 it produced 1.58 million mt of iron ore, up seven percent compared to the same quarter of the previous year, while its iron ore ...
Tags: Iron Ore Shipments, Mineral
Although a historic downturn in PC shipments has made headlines since April, "Peak PC" -- the moment when personal computers crested -- was two years ago, according to data from researcher IDC. In the third quarter of 2011, global PC ...
Tags: PC, Computer Products
German plantmaker SMS Meer has announced that it has received an order from EVRAZ North America for the supply of a heat treatment system for the steelmaker's tubular products plant in Calgary, Alberta, Canada. The new heat treatment ...
Tags: Heat Treatment System, Pipe Plant
Shell will halt production from its Auger platform in the US Gulf of Mexico while it ties in wells from the Cardamom development, the company said Wednesday. The deepwater platform is currently producing some 55,000 b/d of oil equivalent, ...
The ability of OPEC to influence the balance of crude markets is diminishing in the face of growing US oil production, with 2013 expected to be a rare instance of a year-on-year decline in the call on the producer group to maintain balanced ...
Tags: Chemicals