At a time when Indian, Russian and Brazilian car markets are stumbling, China remains the major growth engine for the global automotive industry, analysts say. "For many years it's been the Bric nations (Brazil, Russia, India and China) ...
Tags: Automotive Industry, Cars
One thing every office needs is place for employees to sit. If you’re a startup on a budget, you can avoid facing these wide open spaces by applying for furniture credit. It’s true that furnishing an office isn’t cheap. ...
Tags: Furniture Credit
GlaxoSmithKline’s sale of Lucozade and Ribena for £1.35bn earlier this month was the latest in a long line of iconic British brand sales topped by Cadbury. GlaxoSmithKline's sale of its drinks brands was the latest in a long ...
Tags: Timeline Tracks, Food Brands
After years of breakaway growth, China's solar industry is poised for a big shakeout, with consolidation and failing firms. However, the changes are not going to change the Asian giant's global dominance over the resurgent sector anytime ...
Tags: Solar Industry, Looming Shakeout
Shuanghui International has acquired a US pork processor Smithfield Foods in an all-cash deal valued at $7.1bn, which includes the assumption of net debt. The deal received approval from Smithfield's shareholders at a special meeting held ...
Tags: Shuanghui International, pork
The Finish Line, Inc. reported results for the 13-weeks ended August 31, 2013. For the thirteen weeks ended August 31, 2013: - Consolidated net sales were $436.0 million, an increase of 13.3% over the prior year period. - Finish Line ...
Tags: Balance Sheet, Apparel
China has this week ordered 58 companies, ranging from steel, coke and cement producers, to cut excess production capacity by the end of the year, in the latest attempt to ease overcapacity in bloated sectors. This is the third batch of ...
Tags: Overcapacity, Metallurgy
Oil prices dropped Monday as investors paid close attention to speeches from Federal Reserve officials for clues on monetary policies. New York Fed President William Dudley on Monday defended the Fed's decision not to trim its massive ...
Tags: Oil Prices, Fed Tapering Fears
Smithfield Foods announced that its shareholders have voted in favor of proposed merger with China's Shuanghui International for $4.7bn, in a development which will be the largest ever takeover of a US company by a Chinese firm. At a ...
Chilean financial institution CorpGroup is mulling over divestment of its insurance division to a pension fund manager, Inversiones La Construccion (ILC), in a deal worth approximately $165m. The company, which manages CorpBanca, said ...
Apogee Enterprises, Inc. APOG -1.35% on Sep 18, 2013 announced fiscal 2014 second-quarter results. Apogee provides distinctive solutions for enclosing commercial buildings and framing art. Operating income up 24 percent, EPS up 17 ...
Tags: Apogee, Quarter Results
Cooper Tire and Rubber Co. says it is assessing its options after an arbitrator blocked the sale of two of its plants to Apollo Tyres Ltd. The arbitrator upheld two grievances filed by the United Steel Workers (USW) in a ruling issued on ...
Tags: Cooper Tire, tyre, Auto Parts
China is said to be weighing a plan to allow local governments to issue local treasury bonds. Sources said recently that the Ministry of Finance (MoF) planned to allow local governments to issue local treasury bonds, an effort to ease ...
Tags: local treasury bonds, economy
India is set to start electricity exports to Bangladesh, despite its own chronic power shortages, in a project that could improve relations soured by a water supply dispute, play into upcoming elections and be a key link in an eventual ...
Following a strong pace of production in the first quarter of 2013, manufacturing production eased in the second quarter but should accelerate growth, according to the quarterly Manufacturers Alliance for Productivity and Innovation U.S. ...