Finnish manufacturer of meat foods and products HKScan is set to lay off 123 workers at its operations in the country as part of its restructuring plan. Of all the jobs, 49 jobs will be eliminated through permanent layoffs while the ...
Tags: meat foods, HKScan, workers
US-based Pinnacle Foods has swung to a profit of $53m for the fiscal year ended 30 December 2012, compared to a loss of $47m a year ago, when the company incurred restructuring and impairment charges of $156m. The company's net revenues ...
Tags: Pinnacle Foods, fiscal year, 2012
Duisburg, Germany-based steel and metal distribution company, Klockner & Co., has reported a net loss of €198 million for 2012, including €77 million in restructuring expenditure and €55 million in impairments. The company ...
Kloeckner & Co. (KCO), the German-based steel trader reported a loss last year due to the shrinking demand for metals. The net loss sum up to €198 million and the earnings before interest, taxes, depreciation and amortization ...
Tags: steel trader, steel, steel industry
Japan's Sharp has secured a $110 million lifeline investment from Samsung Electronics, and agreed to become a major supplier of screens for the South Korean company's growing electronics empire. The deal gives Samsung a steady supply of ...
Tags: Sharp, Computer, Consumer Electronics, LCD
Checkpoint Systems, Inc. reported financial results for the fourth quarter and full-year ended December 30, 2012. These results report the U.S. and Canadian CheckView business as discontinued operations, reflecting the Company's decision to ...
Tags: Checkpoint Systems, fourth quarter, Revenues
Blue chips continued to climb to new heights, pushing beyond the record levels reached in yesterday's rally after a better-than-expected reading on the labour market. The Dow Jones Industrial Average climbed 42.47 points, or 0.3 per cent, ...
Tags: stock index, Stocks, Blue chips
The US flooring group Mohawk intends to deliver significant growth in the years ahead. The company has announced three major takeovers since October 2012: Pergo laminate flooring activities from Pfleiderer, the Italian tile producer Marazzi ...
Tags: Mohawk, flooring, company news
The Swedish mechanical engineering company Vitech is bankrupt. A declaration to this effect was made on 11 February before the competent court inongermanlands. The supplier of sawmill-mechanisation plant, as well as its parent company ...
Tags: mechanical engineering, Vitech, Bankruptcy
Hewlett-Packard (HP) CEO Meg Whitman said this week that the company has reached the halfway point in its restructuring, with 15,000 employees left to cut to meet its layoff target. HP last May announced plans to reduce its workforce by ...
Tags: HP, halfway point, layoff target
Hewlett-Packard CEO Meg Whitman said this week that the company has reached the halfway point in its restructuring, with 15,000 employees left to cut to meet its layoff target. HP last May announced plans to reduce its workforce by some ...
Tags: Hewlett-Packard, Meg Whitman, layoff target
For 2012, First Solar Inc of Tempe, AZ, USA – which manufactures thin-film photovoltaic modules based on cadmium telluride (CdTe) as well as providing engineering, procurement & construction (EPC) services – has reported net ...
Tags: Solar, First Solar, Solar Sales
Mike Lynch, the former CEO of Autonomy, has stoked the fire against HP in his first on-stage interview since the war of words between his former company and its acquirers began. HP shares up amid signs of confidence in restructuring ...
Tags: Autonomy, HP, accounting irregularities
Beijing plant will supply panel makers on the China mainland Corning Incorporated (NYSE:GLW) today hosted a grand opening ceremony for a new liquid crystal display (LCD) glass substrate manufacturing facility in the People's Republic of ...
Tags: LCD Glass
7,337 stores closed in 2012, according to figures from PwC and the Local Data Centre. An average of 20 shops closed every day in the UK last year. Figures from PwC and the Local Data Centre also found that 7,337 UK stores closed over ...