PPG Industries, Inc. announced it has reached an agreement to divest its 51 percent interest in Transitions Optical to Essilor International, which currently holds a 49 percent interest in the venture. Transitions Optical is a global ...
Tags: PPG, Construction
Fox Factory Holding released more details on its planned IPO Tuesday, but it still has not set a date for the auction.? The company plans to offer 2,857,143 shares of common stock, and its current stockholders will offer up an additional ...
Tags: Transportation
Italian insurer The Generali Group has posted net profit of €1.08bn for the first half of 2013, an increase of 28.4% compared to €842m for the same period prior year. Earnings after taxes were €1.16bn in the first half of ...
Tags: Net Profit, insurer
International chemical group Solvay announces results for the second quarter & first half year for 2013. Q2 Highlights - Group net sales down (4) % YoY at € 3,062 m, with volumes (1)%, prices (2)% and forex (1)% - REBITDA at ...
Tags: Chemical Group, Solvay
US personal lines insurer Allstate has rolled out its new life insurance policy, dubbed as whole life advantage, which guarantees death benefits, cash values and premiums, in case of sudden demise of the policyholder. Underlining the ...
Tags: Allstate, Whole Life Insurance
As coal prices remain lackluster due to sluggish demand, Shanxi took measures to stabilize the local coal market and ease the mounting pressure that coal producers in the province have been feeling since January. The Shanxi provincial ...
Tags: Local Coal Market, sluggish demand
Spanish food processing firm Ebro Foods has reported that its net earnings for the first half of 2013 increased 5.5% to €71m, compared with €67.2m for the same period in 2012. For the period, net sales decreased 1.1% to ...
Tags: Ebro Foods, Net Earnings
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
The Australian share market has outperformed others in the Asian region, as strength in the banking sector pushed it higher. Commonwealth Bank shares closed at a record high, and its three rivals also posted strong gains. That helped ...
Tags: share market
Brad Kelley, the farm boy with 1 million acres Farmer guilty of defending family with shotgun The farmland gold rush may be cooling, but the fields of agriculture remain wide open to investment. Venture capitalists, DIYers, and a new ...
Tags: Silicon Valley Moment, Agriculture
At the end of the first quarter of 2013, the government debt to GDP ratio in the euro area (EA17) stood at 92.2%, compared with 90.6% at the end of the fourth quarter of 2012. In the EU27 the ratio increased from 85.2% to 85.9%. Compared ...
Tags: Government Debt, GDP ratio
French cement maker Lafarge has confirmed its goal to cut debt below €10bn ($13bn) this year, and said it would aim to cut it further below €9bn ($11.95bn) in 2014 as it seeks to regain its investment grade, Reuters has reported. ...
Tags: cement maker, Lafarge
It’s reported that Brazil’s steelmaker Usinas Siderurgicas de Minas Gerais SA (Usiminas) posted a net loss of BRL22 million for the second quarter of this year, improving from a net loss of BRL6.5 million in the same period of ...
Global healthcare products provider Perrigo Company and Elan have entered into a definitive agreement, under which the latter will be acquired by a new holding company in Ireland, New Perrigo, in a $8.6bn cash and stock transaction. ...
Hudson’s Bay Company and Saks Incorporated announced that they have entered into a definitive merger agreement whereby HBC will acquire Saks for US$16.00 per share in an all-cash transaction valued at approximately US$2.9 billion, ...
Tags: Apparel, Hudson's Bay