China's manufacturing activity expanded for the second month in a row in April but at a slower pace, official data showed on Sunday. The purchasing managers' index (PMI) came in at 50.1 in April, slightly down from March's 50.2 and below ...
Tags: manufacturing activity, sub-index measuring production
US-based flexible and rigid packaging solutions provider Bemis has agreed to acquire medical device packaging operations and related value-added services from SteriPack Group for an undisclosed sum. As part of the transaction, Bemis will ...
Tags: Bemis, Acquisition, Medical device packaging, SterPack Group
Nordstrom, Inc. (NYSE: JWN) plans to eliminate approximately 350 to 400 positions by the end of the second quarter to reduce costs by approximately $60 million in fiscal 2016. In an announcement Monday, the Seattle company said the cuts ...
Tags: Nordstrom
Performance Sports Group Ltd. swung to a net loss in the fiscal third quarter ended February 29 as expected due to a precipitous drop in baseball and softball sales, retail bankruptcies and the impact of currency exchange rates on its ...
For its fiscal second-quarter 2016 (to 29 February), LED chip and component maker SemiLEDs Corp of Hsinchu, Taiwan has reported revenue of $2.92m, down 36% on $4.6m a year ago but only 2% on $2.96m last quarter. "We have made good ...
Tags: SemiLEDs
Pacific Sunwear of California, Inc. entered into a restructuring support agreement (RSA) with affiliates of Golden Gate Capital, the holder of its secured term loan provider under the company's financing facilities. In conjunction with the ...
Tags: Pacific Sunwear, RSA, Golden Gate Capital, Bankruptcy
Calida Holding AG has reached an agreement to acquire another 11.63 percent chunk of Lafuma, the French company that owns the Millet, Eider and Lafuma outdoor brands the Oxbow surf brands. The Swiss apparel company said it expected to ...
Tags: Calida, Lafuma, Acquisition
In preliminary estimates for its fiscal third-quarter 2016 (to 27 March), Cree Inc of Durham, NC, USA expects revenue of $367m, about 11.5% below the targeted $400-430m, and down from $435.8m the prior quarter and $409.5m a year ago. ...
Tags: Cree LED
Tyson Foods has made significant progress in its transition from a protein producer to a branded, value-added food company with stronger, more stable earnings, company executives told investors at the Consumer Analyst Group of Europe annual ...
Tags: Tyson Foods, Protein producer
Organic food producer United Natural Foods (UNFI) has acquired the outstanding stock and an affiliate along with certain real estate of Nor-Cal Produce for $68.6m cash. With the Nor-Cal Produce acquisition, United Natural Foods intends ...
China's economy may have just come back for a recovery, recent economic indicators signaled. Latest data showed that China's manufacturing activity rebounded in March to its highest level since last August while non-manufacturing sector ...
“Night of Shandong Province” theme activity of 2016 China Development High-level Forum host by the provincial government of Shandong Province and Development and Research Center of State Council was held in Diaoyutai State ...
French dairy processing company Saputo is planning to close three manufacturing facilities in Canada located in Sydney (Nova Scotia), Princeville (Québec) and Ottawa (Ontario). The plant closures are expected to take place in ...
Tags: Saputo, Manufacturing Plants
The Finish Line Inc. reported earnings for the fourth quarter before non-recurring items fell 11.6 percent to $36.5 million, or 83 cents a share. Earnings came in at the high end of its guidance calling for earnings between 78 and 83 cents ...
Tags: Non-adjustments, Q4 Profits, Finish Line
Yue Yuen reported revenues rose 5.3 percent to $8.43 billion in 2015, led by growth in its network of retail stores. Net pProfits grew 17.9 percent Highlights Revenue up 5.3 percent to US$8.43 billion for the year ended December 31, ...