The GBP71bn Anheuser-Busch InBev-SABMiller merger deal process is inching forward as both the companies have reached a final agreement. However, the deal is yet to gain approval from regulators and shareholders. Post clearances, the deal ...
Seoul Semiconductor affiliate’s acquisition proposal of Sensor Electronic Technology (SETi) has been approved by the U.S. Department of Defense, according to a report by The Korea Times. "Seoul Viosys, an affiliate of Seoul ...
Tags: Seoul Semiconductor, UV LED chips, Viosys
U.S. LED manufacturer TCP International Holding (TCP) ex-CEO Ellis Yan has settled a lawsuit brought up by former lawyer Laura Hauser, for US $3.9 million, according to a Cleveland.com report. In February 2015, Hauser filed a plaintiff ...
Tags: TCP Lighting, Philips
In a generation where people compare looks and family backgrounds, the business sector is also engaged in similar competitions. The LED industry is a field that is not short of manufacturers showing off their renowned backers. LEDinside ...
India-based United Breweries Group is seeking a buyer for its residual 4% stake in United Spirits worth Rs 22bn ($331m) to repay its loans. The development may also see its chairman Vijay Mallya quit his position in United Spirits by ...
Tags: UB Group, United Spirits
Foresight Energy is slowly moving forward to return its idled Deer Run thermal coal longwall mine in Illinois to operation, although officials still did not know Thursday exactly when that return might occur. Mine rescue teams have ...
Tags: Foresight Energy, mine, coal
Hard disk drive (HDD) makers Western Digital and Seagate have announced their financial results for the third quarter and both makers are seeing their PC business revenue contributions weaken. PC HDDs only contributed about 34% of Western ...
Tags: HDD, PC, Seagate, storage, Western Digital
Acer, in line with promoting its Build Your Own Cloud (BYOC) business, has established joint-venture venture capital of CNY100 million (US$15.75 million) in Chongqing City, western China, with Acer holding a 30% stake and Taiwan-based ODM ...
Tags: Acer, BYOC, venture capital
In response to China-based Tsinghua Unigroup's interest in combining its two subsidiary IC designers with Taiwan-based MediaTek, Acer founder Stan Shih said that China-based investment in Taiwan-based IC design houses is feasible as long as ...
Osram’s transformation is making further progress: the company has agreed to sell its 13.5% stake in the Chinese company Foshan Electrical and Lighting (Felco) to a subsidiary of Guangdong Rising Assets Management With this move, ...
Chinese President Xi Jinping paid a four-day state visit to Britain from Oct 20 to 23, during which the two countries signed cooperation agreements worth a combined 40 billion pounds, including Chinese investment in a British nuclear power ...
Tags: China-Britain Rapport, closer ties
US-based agribusiness company Archer Daniels Midland Company (ADM) has completed the acquisition of some assets of Eaststarch C.V., which is ADM’s 50-50 joint venture with Tate & Lyle. Tate& Lyle is a UK-based agribusiness which ...
Tags: ADM, corn wet milling, Corn business
Luxembourg-based glass and metal products firm Ardagh Group is delaying its previously planned initial public offering (IPO) for its wholly-owned subsidiary Oressa citing challenging IPO market conditions. Announced in June this year to ...
Tags: glass, metal products, metal can packaging
South African paper and packaging firm Mondi has acquired 95% stake in a flexible packaging company KSP in South Korea. KSP operates a production plant in Seoul, in addition to having an interest in another plant in Thailand. Nearly ...
The European Commission is seeking comments on whether the shareholding of Netherlands-based commodities trading group Trafigura in Belgium-based zinc and lead producer Nyrstar amounts to the company taking "de facto sole control" of ...