When the European Union slapped Apple with a $14.5 billion tax fee in August, CEO Tim Cook called it "political crap." This week, the tech behemoth is fighting back in the form of an official appeal. "Apple is not an outlier in any ...
Tags: Apple, EU's watchdog
Post Holdings has agreed to settle the egg antitrust class action claims against its subsidiary Michael Foods in the US, with a $75m payment. A class action lawsuit, In re Processed Egg Products Antitrust Litigation, was lodged in 2008 in ...
Tags: Post Holdings, Egg
Brown Forman, the maker of Jack Daniel's Tennesee Whiskey, has reported a decline in its second-quarter profit and sales. Net sales dropped 3% year-over-year to $830m. Reported operating income fell 4% in the quarter to $291m. Diluted ...
Tags: Brown Forman, Whiskey
North American provider of packaging and specialty products Supremex has acquired all of the assets of Durabox Paper, a Canadian manufacturer of specialty corrugated paper boxes. Founded in 2002, Durabox Paper serves customers primarily ...
Tags: packaging, Durabox Paper
Volkswagen has unveiled its Transform 2025+ strategy, further detailing the company's plans for the decade ahead. This plan aims to reduce the capex ratio and the development cost ratio to a competitive level in the next few years – ...
Tags: Volkswagen, Electric Car
The price war among Chinese TV manufacturers which has been raging for nearly four years is finally approaching a truce. The first company to cease fire was Le Holdings Co Ltd. On Monday, the company announced it would raise the prices of ...
Tags: TV, LCD panels
Corrugated packaging company Smurfit Kappa is set to exhibit its complete system of Bag-in-Box packaging solutions at Goodwine trade show in Romania. The event will take place from 25 to 27 November in Romexpo, Bucharest. The Bag-in-Box ...
Tags: Smurfit Kappa, Packaging
A new report claims that Apple has disbanded its router division and reassigned its engineers in an effort to focus on more popular consumer items. The Bloomberg report cites anonymous 'people familiar with the matter' who claim the ...
Tags: Apple, Wireless Router
Orchids Paper Products Company reported results for the third quarter of 2016. Third Quarter 2016, relative to Second Quarter 2016 Net sales of converted product decreased 3% primarily due to increased competitive pressures and ...
Tags: Orchids Paper Products
Intertape Polymer Group Inc., released results for the third quarter ended September 30, 2016. Third Quarter 2016 Highlights (as compared to third quarter 2015): Revenue increased 3.0% to $206.6 million primarily due to the ...
The Hain Celestial Group has launched a new strategic platform Cultivate Ventures to invest in lifestyle brands, smaller portfolio brands and concepts as well as incubator opportunities. The company said that the investments should ...
Tags: Hain Celestial, Cultivate Ventures
Kirin Holdings has agreed to divest one of its Brazilian production facilities to AmBev. Brasil Kirin Holdings has signed a stock purchase agreement to sell unit Cachoeiras de Macacu Bebidas. The company is selling a stake of 11,415,000 ...
WestRock Company, a provider of differentiated paper and packaging solutions, announced results for its fourth quarter and fiscal year ended 30 September 2016. Fourth Quarter 2016 Highlights Recorded a loss of $0.34 per diluted share ...
Tags: WestRock, paper packaging
Kush Bottles, a supplier of packaging supplies, accessories, and branding solutions for the legal cannabis industry, reported financial results for its fiscal year ended 31 August 2016. Fiscal Year 2016 Financial Highlights Kush Bottles ...
Tags: Kush Bottles, packaging
Mazda Motor said it sold a record 775,000 vehicles in the first half of its 2016-17 fiscal year, slightly more than the previous record set last year. Europe contributed 123,000 units, up 12% year-on-year thanks above all to robust sales ...
Tags: Mazda, Mazda Motor