The Swedish mechanical engineering company Vitech is bankrupt. A declaration to this effect was made on 11 February before the competent court inongermanlands. The supplier of sawmill-mechanisation plant, as well as its parent company ...
Tags: mechanical engineering, Vitech, Bankruptcy
The Bolivian Strategic National Public Textile Enterprise (Enatex), formed in June 2012 to safeguard the Bolivia textile industry in view of the imminent bankruptcy of the defunct American Textile (Ametex), is expecting to generate US$ 29 ...
Tags: Enatex, Textile Exports, 2013
Bust computer services company 2e2 outsourced large amounts of the data it was managing for clients to third-parties, raising question marks over the due diligence that companies need to perform before putting data and applications "in the ...
Tags: computer service, 2e2, datacentre business
Micron Technology has announced that its takeover of Elpida Memory has moved a big step closer with official approval by the Tokyo District Court of Elpida's business reorganisation plan. This plan calls for Micron to sponsor Elpida's ...
Tags: Micron Technology, Elpida Memory, takeover
For years, the Jeep Grand Cherokee just didn't live up to the model's substantial nameplate equity. A top-to-bottom 2011 redesign set things straight, rewarding the post-bankruptcy Chrysler with strong sales. Now a 2014 mid-cycle update ...
The effect of the US anti-dumping and anti-subsidy investigation against China-made solar cells has been questioned especially when China-based solar firms are now able to buy solar cells from non-China regions and continue to assemble the ...
Tags: Solar Cells, solar firms, investigation
In response to the United States Postal Service’s (USPS) announcement that it plans to develop a line of “smart” clothing, CAGW excoriate postal management for its misguided attempt to step into non-postal, commercial ...
Tags: CAGW, USPS, smart clothing
The Holden VF Commodore has largely been met with design approval by Australia’s automotive media and the country’s enthusiast base following its unveiling, but what has the US reaction been like to its sister car, the Chevrolet ...
Tags: Chevrolet SS, Holden, VF Commodore
Mexican glassmaker Vitro said on Monday that it is in talks with its creditors in the United States. The company made the comment to Mexico's stock exchange in a short statement that did not give further details. Vitro has been fighting ...
Tags: Mexican glassmaker, Vitro, creditors
Cleveland, Ohio-based Cliffs Natural Resources Inc. reported Tuesday that for the full year 2012, Cliffs recorded a net loss attributable to Cliffs' common shareholders of $899 million, or $6.32 per diluted share, compared with net income ...
Tags: Mineral, Cliffs Natural Resources, Report
US baker Flowers Foods has delayed issuing guidance for 2013 until the outcome of its attempt to buy various assets, including bread operations from Hostess Brands, is clear. The company has been named the "stalking horse" bidder for ...
Koninklijke Philips Electronics N.V. (Royal Philips Electronics, commonly known as Philips) (Euronext: PHIA, NYSE: PHG) is a Dutch multinational electronics company headquartered in Amsterdam. It was founded in Eindhoven in 1891 by Gerard ...
Tags: Philips, Lighting Brands, indoor luminaires
Italian car maker Fiat expects to complete the merger of its partner, the Chrysler Group by 2014 in the US. Fiat-Chrysler CEO Sergio Marchionne was quoted by Repubblica newspaper as saying that the company will succeed in doing it. "We ...
IDG News Service - Former Atari Interactive CEO Frederic Chesnais has decided to take a 25.23% stake in the company in a bid to save it from bankruptcy, Atari announced Tuesday. He will pay principle shareholder BlueBay just 400 euros for ...
Tags: Computer Products, company news
JBS, a Brazilian meat manufacturer, has completed the acquisition of beef processor Independencia for BRL268m ($142.8m). JBS had announced its intention to acquire Independencia's beef business in April 2012. The company funded the ...