Since Medtronic can’t dip into its considerable foreign cash reserves to buy Covidien, it plans to raise $16 billion domestically toward the $43 billion purchase. Wall Street is not pleased. In a filing late last week with the U.S. ...
Tags: Medtronic, Covidien, Medical Device
Sales of BASF Group grew by 3% compared with the previous third quarter, reaching €18.3 billion. A sharp rise in volumes in the Natural Gas Trading business sector was mainly responsible for this growth. Income from operations (EBIT) ...
Tags: BASF, Construction Coating
Amer Sports reported net sales of €645.8 million ($856 mm) for the quarter ended Sept. 30, up 6.1 percent compared with €608.9 million a year earlier. Net sales increased by 6.0 percent in currency-nuetral terms. The Finnish ...
Tags: Amer Sports, Softgoods, Footwear
The demand for foreign design goods is dramatically increasing in China. At the same time, the increasing demand has sapwnd overseas shopping representatives. China is the biggest luxury goods consuming country, sharing 29% of global ...
Tags: Daigou, design goods, luxury goods
The Global retail goods market expanded 5% in 2013 to an estimated $379.6billion including sales taxes in Europe, according to research. Spending on athletic footwear and apparel outpaced the overall segment, growing 6% to 231.6 billion. ...
Tags: Sporting Goods, footwear, apparel
The Independent Tire Dealers Group LLC’s (ITDG) captive insurance company reports a record second quarter. The Independent Innovative Captive Insurance Company (IICIC), a worker’s compensation insurance company, realized a net ...
Tags: ITDG, Results, Accessories
In welcoming industry efforts to develop a code of conduct to address unfair practices in the grocery sector, the Australian Competition and Consumer Commission has called for issues around enforceability and coverage to be addressed before ...
Tags: grocery sector, Service
California-based packaging containers and trays manufacturers Plastic Package will invest about $1.37m to locate its manufacturing operations in Indiana. The expansion which will include equipping a 20,000 ft2 facility in La Porte will ...
Tags: Plastic Package, Indiana, Packaging
China-based PV module makers have drastically reduced orders released to Taiwan-based crystalline silicon solar cell makers who are subject to US anti-dumping tariffs at an average rate of 24.23%, but some of them are willing to resume ...
Tags: PV solar cell, Taiwan, PV, Solar Cell, PV Module
GREENWICH, CT— Freight transportation services provider XPO Logistics is looking to expand its business and a good portion of the $700 million invested is coming from some Canadians’ pension plans. The Public Sector Pension ...
Tags: PSP, XPO, Accessories
Speaking at the RWM 2014 recycling and waste management event at the NEC, Pickles said he has always supported weekly collections and weekly waste food collections, but drew criticism from some sections of the audience – many of whom ...
Sportsman's Warehouse Holdings, Inc. reported net sales increased by 2.3 percent to $159.5 million from $155.9 million in the second quarter and 13 weeks ended Aug. 2, compared with the second quarter of fiscal 2013. Same store sales ...
Tags: Sportsman's Warehouse, IPO
Taiwan-based crystalline silicon solar cell makers who are considering establishing production lines overseas in locations other than China specifically for exports to the US market have difficulties making up their minds due to possible ...
Tags: solar cell, Taiwan
H&A Recycling will install a new industrial scale Bio-Thermic Digester (BTD) from a major Advetec reseller Biozolve to reduce organic waste disposal costs by 400,000 every year. This investment is expected to help the company reduce its ...
Tags: H&A Recycling, scale BTD, Packaging
Brazilian steelmaker Companhia Siderurgica Nacional (CSN) will have to pay BRL 4 billion (US$1.78 billion) to the country's revenue service Receita Federal as a result of unpaid taxes. According to the nation's fiscal council Carf, CSN ...
Tags: Metallurgy, Mineral, Energy