Vitran announced today that it has entered into an agreement to sell its U.S. LTL business to a company owned by Matthew Moroun, son of Ambassador Bridge owner Manuel 'Matty Moroun. "For the last several years, Vitran has invested ...
Tags: Transportation, Auto Parts
The Travelers Companies is planning to launch a new private passenger automobile product, Quantum Auto 2.0, which would offer more customized and segmented services, increased competitive pricing features, and new discounts for consumers. ...
Tags: Travelers, Quantum Auto
Vitran announced today that it will sell its US LTL business, and will now focus on strengthening its Canadian operations. The company agreed to sell the US operations to a company owned by Ambassador Bridge - and multiple trucking ...
Tags: Transportation, Auto
Qingdao Hanhe Cable announces that it plans to spend CNY 28.63 million own capital taking over 100% equities that Qingdao Hanhe Group, controlling shareholder, holds in Qingdao Hanhe Electrical Engineering so as to further optimize business ...
Struggling smartphone maker BlackBerry has quantified just how bad business is at the moment, as users abandon its once-dominant platform. The company said it plans to record a GAAP net operating loss during the July to September quarter ...
Tags: Blackberry, smartphone, Consumer Electronics
Europe's oil-refining businesses will have to slim down further and then pump billions of dollars into what remains, the head of one of Europe's leading oil trade associations said Thursday. Michel Bénézit, president of ...
Tags: Chemicals, Metallurgy, Mineral, Energy
Ahlstrom, a global high performance fiber-based materials company, announces its new strategic agenda and updates its long-term financial targets. During the last four years, Ahlstrom has undergone a major transformation as a company ...
Tags: fiber-based materials, Textile
Triumph Group, Inc. announced that it expects to record pre-tax additional program costs during fiscal year 2014 totaling approximately $68.0 million, or $0.83 per diluted share, primarily associated with the 747-8 program. Of the total ...
Tags: Textile
Steel Dynamics Inc. (STLD) provided a third-quarter earnings outlook, with the top of the range in line with Wall Street expectations, as the steelmaker said it expects profitability from steel operations to increase from the second ...
Tags: Construction, steel
US toluene disproportionation margins have moved into negative territory after toluene spot prices moved higher against declining benzene and mixed xylene spot pricing. Mobil selective toluene disproportionation margins were also ...
Tags: Spot Toluene, Chemicals
California-based national insurance distribution company Confie Seguros has reached a definitive agreement to purchase the retail distribution arm of Affirmative Insurance Holdings, a non-standard personal automobile insurance policies ...
Tags: Confie Seguros, insurance
American dealer owned auto firm National Auto Care (NAC) has entered into a merger agreement with Family First Dealer Services (FFDS), a provider of F&I products, administration, consulting services, training and marketing support. This ...
Tags: Single Unit, Auto Parts
Yingli in the first half of 2013 rode the wave of solar growth in its home market in China to retain the dominant position in the global business for photovoltaic (PV) modules, according to IHS. The company shipped 1,450 megawatts worth ...
Tags: Solar Module, Electrical
The Düsseldorf District Court in Germany's ruling of Taiwan package manufacturer Everlight's infringement of Japanese LED packager Nichia YAG patents on Sept. 3, 2013 will have limited impact on Everlight, according to a recent J.P. ...
Morrisons' half-year results delivered another disappointing read, concluded Shore Capital, which nevertheless upgraded its share advice from 'sell' to 'hold'. Morrsions' half-year results divided City opinion Analysts Darren Shirley ...
Tags: Agriculture, Food