The world's largest steelmaker Luxembourg-based ArcelorMittal has announced that it is targeting cost cuts of $3 billion by the end of 2015. As of March this year, the company had achieved $200 million in cost improvements. According to ...
Tags: Arcelormittal, Mineral
Chinese banks fuel expansion overseas in succession due to a profit slowdown rooted from the domestic economic downturn. For an example, Bank of Communications (BoCom, SEHK: 3328 and SHSE: 601328), the fifth-biggest commercial lender ...
Tags: economy, China Banks, Fueling Expansion
Basque region, Spain-based seamless stainless steel pipe producer Tubacex has announced its financial results for the first quarter of the current year. Net profit totaled €3.53 million in the given quarter, tripling the net profit ...
Tags: Basque region, Net Profit
Solar cell maker Motech reported first-quarter 2013 consolidated revenues of NT$3.667 billion (US$124 million), representing an on-quarter increase of 11% but an on-year decrease of 6%. Gross margin in the first quarter was negative 8% ...
Tags: Motech, Giga Solar, Lighting
Supermarket Sainsbury's says sales of its general merchandise - including toys - is continuing to grow at more than twice the rate of food. The grocer also said it is planning to expand its non-food range over the coming year. "We know ...
Checkpoint Systems, Inc. reported financial results for the first quarter ended March 31, 2013. These results reflect the U.S. and Canadian CheckView business as discontinued operations. First Quarter GAAP Results - Continuing Operations: ...
Tags: Checkpoint Sales, Textile
Maidenform Brands, Inc., a global intimate apparel company, reported first quarter 2013 net sales of $131.2 million and a loss per share of $(0.05). "First quarter results were as expected. We remain focused on growing our business and ...
Tags: Apparel, Maidenform Brands
Ermenegildo Zegna was one of the first luxury brands to set up shop in China, 21 years back, a decision that yielded rich dividends. Now with the new Lagos (Nigeria) store launch on 17th April 2013, Zegna is all set to expand into the ...
Tags: Ermenegildo Zegna, Apparel
Tenaris, Luxembourg-based energy pipe and tube maker launched its financial results for the quarter of this year. The company posted a net profit of US$423 million for the first quarter of this year, falling by 6% year on year. In the first ...
Tags: energy pipe, tube maker
Despite the global negative trend, that is likely to have an impact on the luxury industry in 2013, the Group will continue to invest to expand its retail network and to promote its brands, also in new African and Asian markets. ...
Tags: Retail, Apparel, luxury industry
US-based thin-film solar firm First Solar reported first-quarter 2013 net sales of US$755 million, lower than the US$1.1 billion reported in the fourth quarter of 2012 but higher than the US$497 million reported in the first quarter of ...
Tags: Solar Reports, Lighting
Luxembourg-based energy pipe and tube manufacturer Tenaris has announced its financial results for the first quarter of 2013, registering a net profit of $423 million, down six percent compared to the corresponding quarter of 2012. In the ...
Tags: Tenaris, Net Profit
Chinese telecom equipment and network solution provider Huawei Technologies Co., Ltd. will not debut on the stock market within five to ten years. The Shenzhen-based firm was brought under the limelight owning to problems regarding to ...
Tags: Computer Products, Electrical, Electronics
Chinese construction machinery maker Sany Heavy Industry Co., Ltd. (SHSE: 600031) has begun benefiting from a foray into markets overseas. It released financial results for the fiscal year 2012 on April 26 and according to the results, ...
US-based solar firm SunPower has reported financial results for first-quarter 2013. The firm saw revenues reach US$635.4 million, down from US$678.5 million in the fourth quarter of 2012 but up from US$494.1 million in the first quarter ...