Ventura Foods has agreed to acquire Cargill’s dressings, sauces and mayonnaise (DSM) business for an undisclosed sum. Ventura Foods president and CEO Chris Furman said: "The acquisition of Cargill's DSM business is a strong fit ...
Tags: Ventura Foods, Sauces
Commercial Vehicle Group announced, that due to pending negotiations with the hourly employees' union representative, it has decided to consolidate its North American seat production into two North American facilities and stop seat ...
Tags: Commercial Vehicle, Aftermarket
Demand of LED has resumed in the second quarter. Leading Taiwanese LED chip maker Epistar reached full production capacity in AlGaInP LEDs. Meanwhile, Unity Opto is expected to see two-digit growth in the second quarter as its order ...
Tags: LED industry, LED chip
China Shenhua Energy Company Limited, the nation's top coal producer, has said its net profits plummeted 28.3 percent year on year to 4.74 billion yuan (734 million U.S. dollars) in the first quarter of 2016. Shenhua, a State-owned ...
Tags: coal producer, coal
China's manufacturing activity expanded for the second month in a row in April but at a slower pace, official data showed on Sunday. The purchasing managers' index (PMI) came in at 50.1 in April, slightly down from March's 50.2 and below ...
Tags: manufacturing activity, sub-index measuring production
IATA’s latest quarterly survey of airline CFO and heads of cargo points to further year-on-year gains in profitability during Q1 2016, following a record year in 2015. However, expectations of further gains in profitability over the ...
Tags: passenger volumes, Airlines
US-based food company Hormel Foods has entered into an agreement to sell Diamond Crystal Brands (DCB) to a partner of private equity firm Peak Rock Capital for an undisclosed sum. DCB, which was founded in 1980, manufactures and ...
The shipments of smartphones worldwide in the first quarter marked the smallest year-on-year growth on record, and Chinese smartphone makers Oppo Electronics Corp and Vivo Mobile Communication Technology Co Ltd pushed out previous fourth ...
Tags: Smartphones, Oppo, Vivo
Makers in the PC and handset supply chains in Taiwan are conservative about a business rebound in the second half of 2016 as well as the overall performance for the entire year amid unfavorable business news from the sectors, including ...
Magna International has agreed to acquire Telemotive, an engineering service provider for automotive electronics. Subject to regulatory approval, the transaction is expected to close in the second quarter of 2016. Once complete, ...
Tags: Magna, Telemotive
Riddell, Inc., developer of protective sports equipment, apparel and related accessories, filed lawsuits against Schutt Sports, Inc. and Xenith, LLC claiming both helmet manufacturers are infringing several patents covering Riddell’s ...
Tags: Riddell, Protective sports equipment, Schutt Sports, Xenith LLC
Under Armour Inc. reported revenues in the first quarter increased 30 percent in the first quarter of 2016 to $1.05 billion compared with net revenues of $805 million in the prior year's period. Wall Street's average expectation was $1.04 ...
Tags: Under Armour, Revenues
In booth #1851 at LIGHTFAIR International (LFI2016) in San Diego, CA, USA (26-28 April), Taiwan-based Everlight Electronics Co Ltd is launching a new UV LED portfolio comprising five products covering wavelengths between 365nm and 400nm. ...
Tags: Everlight LEDs
Moncler announced Wednesday that it will no longer publish first and third quarter interim reports to align with a new policy of the European Union being implemented by Italy. On February 15, the Italian legislature issued a Transparency ...
Tags: Moncler
The Architecture Billings Index reflects consecutive months of increasing demand for design activity at architecture firms. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead ...
Tags: Architecture Billings Index, ABI, Construction activity, AIA