Shuanghui International has agreed to acquire US-based pork producer and processor Smithfield Foods in an all-cash deal valued at $7.1bn, including the assumption of net debt. Shuanghui International is the majority shareholder of Henan ...
The Australian dollar is slugging it out with the Syrian pound for the title of world's worst-performing currency. Once the darling of foreign-exchange traders, the Aussie has been out of favour since April 12. According to National ...
Tags: Syrian pound, Service, dollar
For first-quarter 2013, Rubicon Technology Inc of Bensenville, IL, USA (which makes monocrystalline sapphire substrates and products for the LED, RFIC, semiconductor and optical industries) has reported revenue of $8.3m, down 18.6% on ...
Dermatology products developer Valeant Pharmaceuticals International has entered into a definitive agreement to acquire contact lenses developer Bausch + Lomb Holdings for a cash consideration of $8.7bn, as part of its strategy to enhance ...
According to LEDinside, a research division of TrendForce, retail prices for LED bulbs worldwide continue to have a downward trend this year for April. Worldwide retail price for 40W equiv. LED bulbs dropped by 5.7%, reaching 16.1 USD. ...
Dairy Crest is poised for UK growth after the sale of its French spreads business, chief executive Mark Allen has confirmed. Dairy Crest results were 'modestly ahead of expectations', said Panmure Gordon Allen said: "The sale of our ...
Tags: Agriculture, Food
Business cash flow has slowed this year, placing further strain on a range of industries already experiencing low confidence because of weak trading activity and high operating costs. Businesses are waiting nearly eight weeks to be paid ...
Tags: Service
For first-quarter 2013, 5N Plus Inc of Montreal, Quebec, Canada, a producer of specialty metal and chemical products, has reported revenue of $118.4m, down 8% on $128.6m last quarter and 27% on $162.2m a year ago following a trend of ...
Tags: 5N Plus, Electronics
The Chinese Ministry of Commerce has approved the previously announced agreement of Heinz takeover by an investment consortium comprised of Berkshire Hathaway and 3G Capital. The transaction, which remains subject to certain customary ...
Tags: Heinz, 3G Capital
Russian meat producer Cherkizovo has reported net loss of $0.6m for the first quarter of 2013, compared with net income of $39.8m in Q1 2012 due to high grain prices and low pork prices. The company's sales for the quarter increased by ...
Tags: meat, Cherkizovo
Frustrated fans and the management of struggling football clubs are the target group: One day before the German-German Champions League final in London's Wembley Stadium between Borussia Dortmund and FC Bayern Munich, Roland Berger Strategy ...
Tags: Borussia Dortmund, Football Club
Tesla Motors has paid off the remaining portion of the loan granted to it by the US Department of Energy in 2010. The California-based electric vehicle manufacturer transferred US$451.8 million ($464.0 million) this week to clear its debt ...
Tags: Tesla Motors, sport car
Apple CEO Tim Cook has defended his company against charges of aggressive tax avoidance in a hearing in front of a Congressional committee in the US Senate. In a report, the Senate Permanent Subcommittee on Investigations claimed that ...
Tags: Computer Products, Apple
US food company Campbell Soup has reported that its net earnings increased 2.2% for the third quarter of 2013 to $181m, compared with $177m for the same period in 2012, due to double-digit sales growth in condensed, ready-to-serve soups and ...
Tags: Campbell, food company
Soft drinks firm Britvic is to close two factories and a warehouse, placing up to 400 jobs in jeopardy, in a bid to slash costs by £30M by 2016. Britvic's plans to cut 400 jobs with the closure of two factories and a warehouse are ...
Tags: Soft drinks, Food