New Saab owner National Electric Vehicle Sweden (NEVS) has reportedly re-opened the former Swedish brand’s Trollhattan factory that shut its gates in April 2011 prior to the company filing for bankruptcy later that year. According ...
Tags: Saab Factory, NEVS Production
Chimei Optoelectronics has gone out of business leaving behind NTD 5.6 billion in debt. The company's creditor bank has been pursuing the company to obtain their financial claim but has yet to hear anything from the company. Chimei used ...
A forthcoming audit of overall government debt in China is expected to reveal the status quo of growing government debt and its potential risks amid the country's economic slowdown. The planned nationwide audit follows a previous one ...
Tags: Gov't Debt
ARI Network Services Inc.has upgraded its award-winning website platform used by independent automotive tire and wheel dealers. "This release further demonstrates our commitment to providing independent automotive tire and wheel dealers a ...
Tags: tire, wheel, Auto Parts
Chinese banks' recent credit crunch has impacted the LED industry. More than 100 LED manufacturers have defaulted as a result in Eastern and Southern China this year. Taiwanese LED manufacturers have emerged as the beneficiaries of the ...
Tags: LED, Lights, Lighting, LED lighting
The 2014 North American International Auto Show (NAIAS) in Detroit will not be affected by the city’s recent bankruptcy announcement, according to the event’s organiser. Michigan Governor Rick Snyder last week authorised ...
Tags: Detroit Auto Show
Chrysler, Ford and General Motors have thrown their support behind Detroit after the automotive industry hub known as ‘Motor City’ filed the largest municipal bankruptcy case in US history. Michigan Governor Rick Snyder ...
Tags: Car Makers, Detroit Bankruptcy
The Australian dollar is slightly higher after a quiet day of trade. At 5pm today, the local unit was buying 91.71 US cents, up from 91.52 cents yesterday. Bond markets gained strength after Detroit became the largest city in US history ...
Tags: Australian Dollar, economy
Upholstery producer Newport Furniture, which filed for Chapter 11 bankruptcy protection in June, has converted its case to a Chapter 7 liquidation proceeding. The switch was approved by U.S. Bankruptcy Judge Jason Woodard, who ruled that ...
Tags: Furniture, Furnishing
Reser's Fine Foods, a US-based producer of fresh and frozen foods, is set to close its manufacturing facility in Delphos, Ohio, a move which will lead a loss of nearly 100 jobs. According to paperwork filed with Ohio state officials, the ...
Tags: Fine Foods, Manufacturing Facility
Hostess snack cakes are set to return to the shelves across the US, with 50 million Twinkies and 35 million CupCakes with Signature Squiggle expected to be rolled out in next two weeks. The new products that will hit the shelves include ...
Tags: snack cakes, Hostess
An auction of former domestic case goods manufacturer Linwood Furniture's factory assets will take place later this month. The auction will be held July 24 at 10 a.m. at 3979 Old Linwood Road in Lexington. Items will be available for ...
Tags: Auction Set, Furniture, Linwood Furniture
US-based Flowers Foods has received regulatory approval to complete the acquisition of certain bread brands and assets of Old HB, formerly known as Hostess Brands. The deal, which is expected to be completed in the coming weeks, includes ...
Tags: Flowers Foods, bread
Samson Investment Holding entered into a contract last month to buy the Hamilton Square showroom building here at 101 S. Hamilton St. A document filed with the Guilford County Register of Deeds provides for a closing date of June 27, but ...
Tags: Samson, High Point, Hamilton Square Building
TUCSON, AZ (BRAIN) — Trisports.com has filed for Chapter 11 reorganization, citing a downturn in business stemming from problems with a new software system, competition from online retailers and the closure of a second retail store in ...