Optical component, module and subsystem maker Oclaro of San Jose, CA, USA has announced financial results for its fiscal second-quarter 2013 (ended 29 December 2012), which includes the first full quarter of operating results from Opnext ...
Tags: Optical component, interleaver product, communication market
AkzoNobel has appointed Ruud Joosten executive committee member responsible for Decorative Paints with effect from the Annual General Meeting (AGM) on April 26. He will succeed Tex Gunning, member of the board of management, who will step ...
Tags: AkzoNobel, Ruud Joosten, Decorative Paints
The US Securities and Exchange Commission has launched legal action against unknown traders over claims they broke rules when trading in Heinz options before the US$28bn deal to buy the food giant was announced. The SEC claims traders had ...
Tags: SEC, legal action, Heinz Options
Weak demand and lower prices in Australia impacted significantly on ACCO Brands' international results in the fourth quarter, ended December 31. The Illinois-based global office products supplier said net international sales increased to ...
Turkey-based steelmaker Erdemir has announced that it has merged its steel service center subsidiary ERSEM and its logistics subsidiary ERLO. The transaction was completed on February 13. Erdemir stated that the merger will not affect its ...
Questions are being raised about the terms of Dell’s $24.4 billion buyout deal, as the number of shareholders voicing opposition to the plan appears to be growing. Dell is now increasingly on the defensive. This is not good news ...
Tags: Dell, buyout deal, shareholder
Energy shares helped pull the Standard and Poor's 500-stock index higher, as an improving outlook for the sector sent it higher on a day heavy with merger and acquisition activity. The S&P 500-stock gained one point, or 0.1 per cent, to ...
Tags: Energy shares, stock index, finance
Canadian dairy co-op Agropur has booked what it claimed are "remarkable" annual financial results, with higher sales and core earnings. Agropur posted a 5.1% rise in sales to C$3.7bn for the year to 3 November. The co-op did not provide ...
European confectioner Cloetta saw its losses widen in 2012 thanks to the merger that formed the company last year but it reported improved profits in the fourth quarter. In the 12 months to the end of December, the company made a net loss ...
PepsiCo has posted a fall in full-year profits and sales as a 53rd week in 2011 results left a tough comparison. Net profits were down by 4% to US$6.18bn in 2012, the New York-based company said today (14 February). Net sales slipped by ...
Tags: PepsiCo, profits and sales, tough comparison
Canadian dairy cooperatives Agropur and Farmers Co-operative Dairy plan to merge their operations. Announcing the move, the dairies said it would benefit their farmer-owners by providing national scale and accelerating a process of ...
Tags: dairy cooperatives, Agropur, Farmers
A wholly-owned subsidiary of Bermuda-based Enstar Group (ESGR) has acquired SeaBright, a multi-jurisdictional workers' compensation insurance company, as part of an agreement originally proposed in August 2012. Based on the terms of the ...
Tags: Enstar Group, SeaBright, workers'compensation insurance
Alcatel-Lucent reported a fourth-quarter loss of $1.81 billion and revenue declined by 1.3%, and that it has started hunting for a new CEO. Current CEO Ben Verwaayen will step down as soon as a replacement is found, and will not seek ...
Jimmy Roppolo, an El Campo, TX, ginner, was named the 2012 Horace Hayden National Cotton Ginner of the Year. He was recognized on February 9 during the 2013 annual meeting of the Memphis-based National Cotton Ginners Association (NCGA) ...
Welspun India Ltd., part of the $ 3.5 billion Welspun Group announced Q3 and 9M FY13 results, showing strong growth in comparison to corresponding period last year. Financial Highlights – Q3 FY13 -Sales grew by 9% largely due to ...
Tags: Welspun India, Welspun Group, Q3