General Motors has announced that it will produce Small Block 6.2L V8 engines for trucks and SUVs at the its Spring Hill manufacturing plant in the US. The company will invest $148m at the plant to modernize the flexible machining and ...
Tags: General Motors, V8 Engines
China's independent refiners nearly doubled their gasoil and gasoline production in January and output is expected to remain at high levels going forward as they maintain strong run rates, set up reformers, and continue to process light ...
Tags: independent refiners, gasoline
Xiaomi fell out of the top-2 smartphone vendors in China in the fourth quarter of 2015, but remained the region's top smartphone vendor in all of the year. According to IDC, Xiaomi continued to rank as the top smartphone vendor in the ...
Tags: Xiaomi, Huawei, smartphone
Cabela's Inc. reported that adjusted for certain items, net income in the fourth quarter increased 9.5 percent to $86.8 million, or $1.26 a share, exceeding Wall Street's consensus estimate of $1.21 with the help of cost control ...
Tags: Cabela, Sporting Goods
At the Cisco Live! 2016 Berlin event (15-19 February), LED chip, lamp and lighting fixture maker Cree Inc of Durham, NC, USA has introduced SmartCast Power over Ethernet (PoE), a simple, scalable and open platform that enables the Internet ...
Tags: IP network, SmartCast PoE
POET Technologies Inc of San Jose, CA, USA — which has developed the proprietary planar optoelectronic technology (POET) platform for monolithic fabrication of integrated III-V-based electronic and optical devices on a single ...
Tags: POET, Initial Market
US-based chicken producer Pilgrim’s Pride has announced to invest $190m in a strategic growth plan to expand production of Pilgrim’s Pierce Chicken brand. The growth plan, which was initiated in the fourth quarter of 2015, ...
Tags: Pilgrim's Pride, prepared foods
Canada-based organic food company SunOpta has entered into an agreement to sell Opta Minerals business to Speyside Equity Fund for CAD$6.2m ($4.4m), in order to focus on its core business of food distribution. The acquisition proposal has ...
Tags: SunOpta, organic food
The Acura Precision Concept is making its Chicago Auto Show debut, following its unveiling at the North American International Auto Show last month The concept model embodies the Acura brand DNA of Precision Crafted Performance - ...
Tags: Concept Car, Chicago Auto Show
Armanino Foods of Distinction reported record sales and profits for the fourth quarter and year ended December 31, 2015. Net sales in the fourth quarter were $9,044,580, an increase of 16% from the $7,793,293 posted in 2014's fourth ...
Tags: Armanino Foods, domestic markets
China's camera drone market is still in early stages of development, with the competitive landscape still taking shape. A total of 40,000 camera drones were shipped in China during the third quarter of 2015, and IDC expects shipments to ...
Tags: camera drone, HD cameras
Berry Plastics Group reported results for its first fiscal 2016 quarter, referred to in the following as the December 2015 quarter. "During the quarter we achieved record net sales and operating EBITDA for any quarter in the Company's ...
Tags: Berry Plastics, EBITDA
Operating performance in the quarter was strong and substantially above the equivalent quarter last year. The group increased EBITDA excluding special items by 21% to US$175 million, operating profit excluding special items by 51% to ...
Tags: Stronger Performance, EBITDA
Flowers Foods, Inc,producer of Nature's Own, Wonder, Tastykake, and other bakery foods, reported financial results for the company's fourth quarter and year ended January 2, 2016 and provided guidance for fiscal 2016. Reported results ...
Tags: Flowers Foods, EBITDA
Nestle India is planning to re-introduce chicken variant in its Maggi Noodles that were relaunched in the country last November. The food company is planning to make the new variant available through online retailer Snapdeal. It had ...
Tags: Snapdeal, Nestle India