April 15, 2013 - Solais Lighting Inc.—a manufacturer of LED fixtures and lamps—has been acquired by PowerSecure International Inc., a provider of utility and energy technologies to electric utilities and their industrial, ...
Tags: Solais Lighting, LED fixtures
The spring forecast by the Pellervo Economic Research Institute (PTT) in Finland predicts rising softwood lumber exports and higher selling prices for 2013. Overall, the Finnish sawmilling industry’s profitability is expected to be ...
Tags: Lumber Prices, Lumber Exports
PowerSecure, which focuses on a variety of energy products and services, said it was expanding its LED business with the purchase of Connecticut-based Solais Lighting. Solais provides LED lamps and fixtures that are focused on commercial ...
Tags: LED Lighting, LED lamps, LED
International credit ratings agency Fitch Ratings has affirmed the credit rating of the Indian steel giant Tata Steel Limited at BB+, while the outlook remains negative. The negative outlook continues to reflect Fitch's expectations of ...
Tags: Fitch Affirms, Tata Steel
New Zealand-based dairy co-operative Fonterra has renewed organic milk supply contracts with its organic dairy farmers in the middle and lower North Island. Farmers currently supplying organic milk in Manawatu, Taranaki and Wairarapa, who ...
Tags: Fonterra, Organic Milk Supply
Property and casualty insurer ACE has established a $95m special purpose vehicle, Altair Re, to offer additional collateralized capacity for its global reinsurance business. The capital will be used to largely support ACE Tempest Re's ...
Tags: ACE, Special Purpose Vehicle
Recently, Baosteel 1420 tin production line celebrates its 15th anniversary. Today, with first ranking in domestic market share and wide approval by overseas users, Baosteel 1420 tinned products prove to the world that Baosteel is equipped ...
Tags: Baosteel, Tin Production Line
BlackBerry is mad and it’s not going to take it anymore. The smartphone maker came out swinging Friday, one day after several market analyst reports said the company’s first BlackBerry 10 handset, the touch-centric Z10, is not ...
Tags: BlackBerry, Computer Products
Beijing-based Chinese steelmaker Shougang Co., Ltd has issued its final financial results for 2012. Accordingly, Shougang has posted an operating revenue of RMB 10.1 billion ($1.6 billion) for 2012, down 19.28 percent year on year, while ...
Tags: Shougang Co, Net Loss
LED makers have been seeing rising demand and capacity utilization rates in the second quarter of 2013. However, China-based makers noted that there is currently CNY5 billion (US$807 million) worth of inventory, and if end market demand is ...
Tags: LED makers, LED, LED Firms
DOUGLAS HOLDING AG has proposed Bernd Beetz and Ronald van der Vis as new members of the company’s supervisory board. The vote will take place at the annual general meeting on May 28, 2013. The tenures of Claus-Matthias Böge and ...
Tags: Douglas Holding, Apparel
The economic recession has had a dismal effect on men's and boys' apparel wholesalers; however, revenue will rebound as the economy recovers. The Great Recession had a dismal effect on the US economy, including the Men's and Boys' Apparel ...
Tags: Apparel Wholesalers, Apparel
Hooker Furniture said sales rose 9.7% in the fourth quarter, as the company finished its fiscal year with solid performances by its case goods and upholstery segments. Profits also jumped to $3.7 million, or 34 cents per share, in the ...
Tags: Hooker Furniture, Furniture, Furnishing
Russian steel producer Magnitogorsk Iron and Steel Works (MMK) has announced its financial results for 2012 according to International Financial Reporting Standards (IFRS). In 2012, MMK reported a net loss of $94 million compared to a net ...
General Motors has underscored its long-term commitment to Opel with the announcement of a four billion euro ($4.95 billion) investment into the European division over the next four years. The massive financial injection forms the first ...
Tags: Auto, Transportation