Arvind Limited, one of the largest integrated textile and branded apparel players recorded Revenue of Rs. 1325 crores and Net Profit After tax of Rs. 65 crores for the quarter ended on 30th September, 2012 as against Revenue of Rs. 1254 ...
Tags: Arvind, branded apparel, Revenue, textile business
Hosting giant Rackspace saw profits grow 55% to $48.3m (pound 31m) in the first six months of this year. Total revenue for the first half of the year was $620m, a 30% jump on the first half of 2011. “At the halfway point in the ...
Tags: Rackspace, profits, total revenue
Intel CEO Paul Otellini will retire as an officer and director of the company in May, ending a four-decade career with the company. Otellini is to retire during a stockholders meeting within six months, making sure the transition to a new ...
Tags: CEO, CEO retires, highlightedpost, Intel, Otellini
Birmingham Business Journal reported that Energen Corp announced that Ms Frances Powell Hawes will join the company’s board of directors. Ms Powell Hawes is chief financial officer of New Process Steel in Houston, and her ...
Tags: Energen Corp, Frances Powell Hawes, company news, enregy industry
Mutual insurance, retirement and investment group LV= and Swiss Re successfully completed GBP800m ($1.3bn) longevity insurance contract. The longevity contract involves longevity exposure insurance for 5,000 individuals who were members ...
Tags: Mutual insurance, longevity insurance contract, insurance
Levi Strauss & Co. announced that Harmit Singh will join the company as executive vice president and chief financial officer on January 16, 2013, reporting to company president and chief executive officer Chip Bergh. In this role, he ...
Tags: Harmit Singh, executive vice president, Levi Strauss, company news
Microsoft has sold 40 million licenses of the Windows 8 OS since its launch a month ago. “We believe Windows 8 is shaping up is as one of the company’s most successful products,” said Tami Reller, Microsoft’s chief ...
Tags: highlightedpost, Microsoft, operating system, surface, Windows 8
Dell’s financials have taken a turn for the worse following a drop in sales of its mobility products. The company reported a 47% fall in profits when compared with the same period in 2011, recording $475m for the third quarter of ...
Tags: Dell, financial, drop, mobility products
Rival soft drinks firms Britvic and AG Barr have finally agreed a merger to create a £1.5bn business,which will trade under the name Barr Britvic Soft Drinks. The new firm will be led by ceo Roger White,formerly the ceo of AG ...
Tags: soft drinks, merger, AG Barr, Britvic
Isis Pharmaceuticals has obtained the US FDA fast track designation for ISIS-TTR to treat familial amyloid polyneuropathy (FAP). The antisense drug ISIS-TTR, a part of the Isis-GSK strategic RNA therapeutic alliance, is being developed ...
Tags: amyloid polyneuropathy candidate, Pharmaceuticals, genetic disease, drug
The News reported that the board of Pakistan Petroleum Limited has sought explanation from its chief financial officer after the Securities and Exchange Commission of Pakistan unearthed insider trading by Pakistan Petroleum Provident Fund ...
The Medicines Company has agreed to buy Incline Therapeutics for an upfront payment of $185m. Incline, a hospital-focused specialty pharmaceutical company, produces a needleless patient-controlled IONSYS (fentanyl iontophoretic ...
Tags: Medicines Company, Incline Therapeutics, pharmaceutical company
FBL Financial has appointed James (Jim) Brannen to the position of chief executive officer, after serving as interim chief executive officer for two months at the company. The current vice president of finance Donald (Don) Seibel has been ...
HanesBrands announced that it intends to redeem the final $147.1 million of its Floating Rate Senior Notes due 2014, which will complete the retirement of approximately $300 million of floating-rate bond debt as planned in 2012. Hanes is ...
Tags: debt, HanesBrands, basic apparel
National Oilwell Varco, Inc. announced that Clay Williams has been named President and Chief Operating Officer of National Oilwell Varco. Mr. Williams has served as the Company’s Executive Vice President and Chief Financial Officer ...
Tags: National Oilwell, Oil, Management Changes