Microsoft is to acquire Nokia's Devices & Services business, which includes the smartphone and mobile phones businesses, and license the Finnish company's patents for a total of €5.44 billion (US$7 billion) in cash, the companies said ...
Tags: Microsoft, Nokia, Mobile Phones Business, Smartphones
Japanese auto-parts maker Akebono Brake is planning to invest JPY10bn ($100.6m) by 2014 to expand its operations in North America. About JPY7bn ($70.4m) of the total investment will be spent in 2013, followed by JPY3bn ($30.2m) next year. ...
Tags: Auto-Parts, Akebono Brake
Independent La-Z-Boy store dealer EBCO will open a new 11,000-square-foot store here next year, its first under the La-Z-Boy Home Furnishings and Décor new store format. The 10-store, Phoenix-based La-Z-Boy Furniture Galleries ...
Tags: Furniture, Furnishing
Indian auto maker Tata Motors has reported total sales of 49,611 vehicles including exports, commercial and passenger vehicles during August 2013. During the month, the company sold a total 44,717 vehicles in the domestic market that ...
Tags: auto maker, Tata Motors, commercial vehicles
Sharply dropped share price of Kunlun Energy Co., Ltd. (SEHK: 0135) is expected to stop Singaporean sovereign wealth fund Temasek Holdings from investing more in it. Kunlun Energy, a subsidiary of PetroChina Co., Ltd. (SHSE: 601857 and ...
Tags: Metallurgy, Mineral, Energy
The exports of carpets from India rose by 14.3 percent year-on-year in July 2013, due to growing demand from the US, China and Latin American markets. During the month, India exports US$ 90 million worth of carpets, compared to exports of ...
On Tuesday, Schnitzer Steel Industries, Inc. provided its outlook for its Q4 of fiscal 2013 ending August 31, 2013. During the quarter, export demand for recycled metals weakened versus Q3, as reflected by lower shipped volumes and lower ...
Tags: Steel Industries, Mineral
Sims Metal Management expects tight ferrous scrap flows and US scrap processing overcapacity, two major headwinds impacting margins, to improve in its current fiscal year that ends June 30, 2014. The global scrap firm notes an improvement ...
Tags: Ferrous Scrap, Mineral
It is learned that Tata Steel’s iron ore project in Canada will produce 1 million tons of iron ore in fiscal year 2014, which will boost the company's European operations. According to Tata Steel Minerals Canada, a 80% owned ...
Tags: Iron Ore Project
Austria-based voestalpine released its financial result for the first quarter of the fiscal year 2013/14 (during April 1st, 2012 and March 31st, 2014). In the first quarter of the fiscal year 2013/14, voestalpine realized sales incomes of ...
Tags: voestalpine
Buoyed mainly by rise in demand, particularly from western markets, textile and clothing exports from Pakistan surged 10.96 percent in July 2013 over July 2012, Pakistan Bureau of Statistics data show. According to the data, ...
Tags: Textile Exports
Stage Stores, reported financial results for the second fiscal quarter ended August 3, 2013. Total sales for the quarter increased 3.6% to $395 million from $382 million in the prior year quarter ended July 28, 2012. Comparable store ...
Tags: Stage Stores, Apparel
Australian port and rail company Asciano Wednesday posted a 41.2% year-on-year rise in net profit to A$342 million ($311 million) for the fiscal year to June 30, due in part to new rail contracts to haul coal in the state of Queensland and ...
Tags: Coal, Chemicals, Metallurgy, Mineral, Energy
Hewlett-Packard reassigned Enterprise Group chief Dave Donatelli on Wednesday as it reported an 8 percent decline in revenue for its fiscal third quarter, saying all of its major divisions except software brought in less money than a year ...
Tags: HP, Computer Products
Epicor Software Corporation, a global leader in business software solutions for manufacturing, distribution, retail and services organizations, announced that it has won the 2013 Microsoft Sales Achievement for Services – Support. ...