Allied World Financial Services,a subsidiary of Allied World Assurance Company,has agreed to acquire a minority ownership interest in a privately held asset management firm Crescent Capital Group. Further terms of the transaction have not ...
Tags: Allied World Financial Services, minority stake in Crescent Capital
In the midst of global economic downturn,some Taiwanese textile companies have performed well by continuous R&D of new products."Although Taiwan's textile industry was under the influence of global economic downturn,especially the European ...
Sika Corp. has announced its annual sales for 2012 increased 5.8 percent to CHF 4.82 billion (5.22 billion USD). The company attributes this growth to a strong global presence which it says "enabled the company to offset fall-offs in demand ...
Meat packing firm Hilton Food Group has announced a new joint venture with Woolworths - Australia's largest retailer - in its latest trading statement for the 52 weeks to December 30. The joint venture has been established through a new ...
Tags: Hilton Food Group, Woolworths, meat packing, Australia
Production staff at Dairy Crest's Fenstanton plant in Cambridgeshire are expected to clock off for the last time today (Friday, January 11), in line with its plans announced last April to close the site with the loss of 248 jobs. Dairy ...
Tags: Dairy Crest, Cambridgeshire, clock off, milk processing
The US Treasury and Federal Reserve said they won't pursue a plan to mint a trillion dollar coin as a device to avoid the debt ceiling. "Neither the Treasury Department nor the Federal Reserve believes that the law can or should be used ...
Tags: US, debt ceiling, US economy, debt limit
In a statement issued to the London Stock Exchange (LSE), epiwafer foundry and substrate maker IQE plc of Cardiff, Wales, UK has a potential “significant acquisition”. This follows UK newspaper The Times reporting that, to ...
Tags: IQE, LSE, significant acquisition, UK
Epiwafer foundry and substrate maker IQE plc of Cardiff, Wales, UK has agreed to acquire the Kopin Wireless compound semiconductor epiwafer manufacturing division of Kopin Corp of Taunton, MA, USA (including its leased manufacturing ...
Tags: IQE, UK, Kopin Wireless, semiconductor, KTC
US retail giant Supervalu has clawed itself out of the red for its fiscal third-quarter, but sales dropped 5% due to a "distressed" consumer climate. Net sales for the 12 weeks to 1 December fell by 5% on the same period of last year, ...
Luxembourg-based steel giant ArcelorMittal has announced that it will issue $3.5 billion common shares to reduce its debt significantly. With the share issuance, the company aims to reduce its debt to $17 billion by the end of June this ...
Tags: Luxembourg, steel giant, ArcelorMittal, debt
UK meat packer Hilton Foods Group said today (10 January) that it has entered into a joint venture agreement with Woolworths Ltd, Australia's largest supermarket. The deal establishes a new company, Woolworths Meat Co, in which Hilton ...
Tags: UK, meat packer, Hilton Foods Group, joint venture
Brazilians meat firm JBS expects to complete the acquisition of key XL Foods assets within a week, and is seeking regulatory approval to handle the stricken Canadian group's US operations. JBS said today (10 January) it expects to ...
Tags: Brazil, JBS, meat firm, acquisition, XL Foods
Britain’s biggest retailer Tesco enjoyed a happier Christmas than Marks and Spencer, with sales up by nearly 2%, compared with sales down by the same amount at M&S. Online food sales were up by 18% on the same period last year. ...
Tags: Britain, retailer, Tesco, Marks and Spencer
Reportedly ArcelorMittal has planned to merge ThyssenKrupp's world-class plant in southern US state of Alabama. Mr.Mittal was asked with analysts about the possible deal after ArcelorMittal unveiled plans for a capital increase worth ...
Tags: ArcelorMittal, Alabama, ThyssenKrupp, US
Despite the lingering market pessimism which may last through 2013 and bring even greater challenges to LED lighting companies, the anticipation of a growing market share for LED lighting gives reason for optimism. Bridgelux The market ...
Tags: LED lighting, optimism, Bridgelux, Everlight