General Mills has reported that its net earnings declined 16.3% to $459.3m for the first quarter of fiscal 2014, compared with $548.9m for the same period in 2013, as special items boosted its year-ago results. Net sales, for the quarter ...
Tags: General Mills, Agriculture, Food
Triumph Group, Inc. announced that it expects to record pre-tax additional program costs during fiscal year 2014 totaling approximately $68.0 million, or $0.83 per diluted share, primarily associated with the 747-8 program. Of the total ...
Tags: Textile
The exports of hand-knotted carpets from Nepal fell 12.4 percent year-on-year during the Nepali fiscal year that ended on July 15, 2013, according to the data released by Nepal Rastra Bank. In fiscal year 2012-13 Nepal exported ...
Tags: Carpet Exports, Textile
US consumer technology giant Apple Inc. (NASDAQ: AAPL) is said to sign an agreement with China Mobile Ltd. (SEHK: 0941 and NYSE: CHL) on the sale of iPhones soon. It for the first time held a press conference for the release of new ...
Tags: Apple, China Mobile
Oclaro Inc of San Jose, CA, USA, which provides lasers and optical components, modules and subsystems for the optical communications, industrial, and consumer laser markets, has sold its Oclaro Switzerland GmbH subsidiary and associated ...
Tags: Electrical, Electronics, Laser
India s Jaiprakash Associates is to sell its cement plant in Gujarat state to UltraTech Cement in a deal worth around $594m (INR:38bn) including debt. The companies told Bahrain's Gulf Daily News that UltraTech, India s largest cement ...
Tags: Cement, Construction
The increase in Foreign Direct Investment (FDI), especially in the garment sector, has created around 20,000 new jobs in Myanmar (previously Burma), according to Government data. During the first five months of the fiscal year 2013-14, ...
Tags: Apparel, Accessories, Garment
China Eastern Airlines Group, parent of leading Chinese airline China Eastern Airlines Corp. Ltd. (SHSE: 600115 and SEHK: 0670), plans to quit Cathay Life Insurance Co., Ltd. It put a 50 percent stake in the 50-50 joint venture with ...
Tags: Service
Parker Hannifin released supplemental sales information on three global technology platforms within its Diversified Industrial Segment. As previously announced, the company will have two reporting segments beginning in fiscal year 2014, ...
Optoelectronic component maker rises on record sales as data centers demand more optical technology. Photonic component and subsystem manufacturer Finisar has delivered an all-time record for revenues in its latest quarter, thanks to ...
Tags: Billion-Dollar Sales
Networking giant Cisco is to buy scalable solid state memory system provider Whiptail in a deal worth about $415m. According to Cisco, the deal would strengthen its Unified Computing System (UCS) strategy and allow it to better support ...
Tags: Computer Products, software
Fiber-optic communications component and subsystem maker Finisar, of Sunnyvale, CA, USA, has reported financial results for Q1 2014, which ended July 28, 2013, including "all-time record sales for a quarter",? according to executive ...
Tags: Finisar, Electrical, Electronics
JoS. A. Bank Clothiers, Inc announces that net income for the second quarter of fiscal year 2013 was $14.2 million as compared with net income of $23.2 million for the second quarter of fiscal year 2012. Diluted earnings for the second ...
Tags: Apparel, JoS.A.Bank
Hillshire Brands, a US-based food company, has agreed to acquire Golden Island, a manufacturer of premium gourmet jerky products, for an undisclosed amount. Headquartered in Rancho Cucamonga, California, Golden Island produces more than ...
Tags: Hillshire Brands, Golden Island
The Top 25 U.S. Bedding Retailers, led by a sizzling Mattress Firm now in the top spot on the list, posted a 16.3% increase in bedding revenues last year. The strong performance of the group, which featured 12 double-digit sales gainers, ...
Tags: Bedding Retailers, Bedding, Light Industry, Daily Use