TNK BP Holding BOD failed to hold a sitting November 23rd 2012 due to the lack of the quorum. The agenda covered approval of several deals and gas shipment contract with Orenburgneft. TNK-BP (TIN 7225004092) was formed in 2004. It is ...
Tags: TNK BP Holding, NGK, AAP, oil output
Dana Gas, in talks to restructure USD 920 million Islamic bond is offering bondholders cash and an average 8 per cent coupon on two new sukuks to replace the existing one. Two sources said that the natural gas producer became the first ...
Tags: Dana, natural gas, Ashmore Group, BlackRock
It's reported that Chinese steel industry will see a recovery from the fourth quarter of 2012 through the next year after posting huge losses of RMB 5.5 billion in the first three quarters of this year. According to Mr. Liu Zhenjiang, the ...
Tags: Chinese steel industry, medium-sized steel companies, steel industry
The Government of India’s decision to restructure loans worth Rs. 350 billion is expected to play a major role in revival of the industry, Mr. V Narayanasamy, Union Minister of State in the Prime Minister’s Office (PMO) said, ...
Tags: textile Sector, textile market, textile industry, restructure loans
Mohawk Industries Inc. announced 2012 third quarter net earnings of $70 million and diluted earnings per share (EPS) of $1.01. Excluding restructuring charges, net earnings were $72 million and EPS was $1.04, a 25% increase over last year's ...
Tags: net earnings, Net sales, SmartStrand Silk, carpet market
Agennix will reduce its staff by nearly 55% to conserve cash, as part of its restructuring plan. Agennix chief financial officer and the management board spokesperson Torsten Hombeck said Agennix objective of conserving cash has ...
American food company Kraft Foods has outlined the strategic growth priorities for its snacks business,which will be known as Mondelēz International after the company spin-off its North American grocery business in October 2012. ...
Tags: Kraft Foods, snacking company, revenue
Liberty Mutual and its subsidiaries reported a net income of $139m and $598m for the three and six months ended 30 June 2012, with an increase of $318m and $413m over the same periods in 2011. Net income attributable to LMHC for the ...
Tags: Liberty Mutual, net income, insurance, quarter2
Russian conglomerate Sistema has signed a deal to acquire SG-Trans, the country's biggest independent operator of railcars for transportation of LPG, the company said Tuesday. Sistema will pay a total cash consideration of Rb22.77 billion ...
Tags: transportation of LPG, railcars for LPG, LPG transportation
Chairman All Pakistan Textile Mills Association (APTMA) Mohsin Aziz has rejected unilateral move of finalizing the proposed Corporate Rehabilitation Act by the Securities & Exchange Commission of Pakistan (SECP) to juggernaut the industry ...
Tags: textile market, textile industry, textile products, textile
ROCHESTER, N.H. - November 21, 2012 - Albany International Corp. (NYSE:AIN) announced today that its subsidiary, Albany International France S.A.S., has initiated discussions with the employee Works Council regarding a proposal to ...
Tags: Clothing production facilities, Clothing market, Clothing Machine
BD Live reported that the appointment of an ArcelorMittal heavyweight as chief financial officer of its South African operation is expected to lead to large scale restructuring at the struggling steelmaker. ArcelorMittal said this week ...
The DIY-superstore sales channel B&Q, owned by Kingfisher, intends to tighten up its organisational structure and in the process axe roughly 220 of the current roughly 1,200 work force at its headquarters in Eastleigh, the British magazine ...
Tags: B&Q, restructuring measures, report
The Chairman of Erich Netzsch GmbH & Co. Holding KG, Dr. Otto Max Schaefer, resigns as Chairman as of December 31, 2012 on his own request and on the very best terms. The Netzsch and Schaefer shareholder families would like to thank Dr. ...
Gardner Denver, Inc. reported third quarter 2012 revenues of $548.5 million, down 11% compared to the prior year third quarter (down 7% excluding the impact of foreign exchange). Operating income for the third quarter of 2012 was $89.1 ...
Tags: Gardner Denver, EPG, IPG