Struggling US computer giant Hewlett-Packard plans to slash 5,000 more jobs than previously announced because of a difficult business environment, a regulatory filing shows. HP will eliminate 34,000 positions by the end of its fiscal year ...
Tags: Hewlett-Packard, unemployment
Pakistan-based Azgard Nine Ltd (ANL), one of the largest denim products company by sales in Pakistan, continues to be in the grip of liquidity crisis as there is strong resistance to fresh working capital loans from the lenders, who have ...
Tags: Azgard Nine, Liquidity Crisis
Crocs, Inc. announced that Blackstone Group LP is making a $200 million investment that will give the private equity firm a 13 percent stake in the shoe company. Crocs also said late on Sunday that John McCarvel, its CEO, plans to retire in ...
Tags: Crocs, Blackstone Group LP, investment, John McCarvel, retirement
Singapore's growth quickened in 2013 and the country will "do well" going forward, Prime Minister Lee Hsien Loong said. Gross domestic product rose 3.7 per cent this year, Lee, 61, said in his New Year message today. That's in line with ...
Tags: Electrical, Electronics
China's economic growth is likely to stand at 7.6 percent this year, slightly down from 7.7 percent in 2012, said a State Council report on Wednesday. Economic growth has been higher than expected since 2011 despite a declining trend, ...
Tags: China's Growth, Mineral
Bioanalytical Systems,Inc.(NASDAQ:BASI)today announced financial results for the fourth quarter and fiscal 2013,highlighted by net income of$252,000,or$0.03 per diluted share,for the fourth quarter and$773,000,or$0.09 per diluted share,for ...
Tags: Bioanalytical Systems, financial results for the fourth quarter
China's Cabinet estimates this year's economic growth edged down to 7.6 percent and warned it faces pressure to decline further, a state news agency said Thursday. The forecast, reported by the Xinhua News Agency, is below the 2012 rate ...
China will impose a tiered power pricing system on aluminum smelters from Jan. 1 to cut overcapacity, the National Development and Reform Commission (NDRC) said on Monday. Power prices will stay unchanged for smelters that do not use more ...
Panasonic Corp. (6752) bonds went from last year's worst performers to the best of 2013, as President Kazuhiro Tsuga avoided a junk debt rating by shrinking television and handset businesses. The notes topped the return rankings in the ...
Tags: Electrical, Electronics
On December 23, Chinese steelmaker Chongqing Iron and Steel Co. (Chongqing Steel), a subsidiary of Chongqing Iron and Steel (Group) Co., announced that it has issued 706.7 million non-public shares to raise a total of RMB 1.999 billion ...
Tags: steel, metallurgy
Oclaro Inc of San Jose, CA, USA (which provides lasers and optical components, modules and subsystems for optical communications) says that holders of all $25m of the 7.5% exchangeable senior secured second lien notes due 2018 have ...
Tags: Oclaro, Electrical, Electronics, Instruments, Meters
Patriot Coal Corporation announced Thursday its emergence from Chapter 11 as a reorganized company. The Company exits the 18-month restructuring process with a strong balance sheet, competitive cost structure, and streamlined operating ...
Tags: Patriot Coal, Mineral
China has decided to expand its over-the-counter (OTC) market to all qualified small and medium-sized enterprises (SMEs), according to an official statement released on Saturday. The State Council, China's Cabinet, announced that the OTC ...
Tags: OTC Market, National Share
US fashion retailer Loehmann's Holdings has filed for Chapter 11 bankruptcy protection for a third time and said it plans to sell substantially all of its assets. The discount clothing chain filed its bankruptcy petition with the US ...
Tags: Loehmann's, bankruptcy, apparel
The federal government is welcoming the Federal Court decision to strike down six of seven claims in a class action lawsuit over the end of the Canadian Wheat Board's single desk. Four prairie farmers - Andrew Dennis of Brookdale, ...
Tags: Agriculture, Food