Medical technology company MagForce is planning to raise approximately€33.5m as part of its restructuring plan to safeguard its long-term existence. Under the restructuring plan approved the company's Supervisory Board,MagForce's ...
Grocers undoubtedly felt the economic pressures in 2012 with discounters enjoying buoyant growth as a result of an increase in value-seeking consumers. Shoppers' focus on value led to rising online sales and further investment in the ...
Tags: economic pressures, buoyant growth, value-seeking consumers
Google CEO Larry Page tried to put a positive spin on his company’s poor third-quarter financial results, which were released prematurely Thursday and triggered a panicked stock sell-off before trading was abruptly halted. During a ...
Tags: CEO, financial results, Google, Larry Page, mobile
The Commission should ensure that EU state aid rules take account of steel industry needs, keep an eye on threatened plants and deliver its promised action plan to help the sector as soon as possible, Parliament in a resolution voted on ...
Tags: steel industry needs, EU, action plan, EU state aid
Cisco is cutting 2% of its global workforce, or about 1,300 employees, in a "limited restructuring," the company said today. NUMBERS: Biggest tech industry layoffs of 2012 CUTS: Bloodiest tech industry layoffs of 2011 "We routinely ...
Tags: Cisco, global workforce, employees, limited restructuring
Paperboard packaging company in the US,Zumbiel Packaging has joined forces with the state of Kentucky and Gateway Community&Technical College to provide a new training program offering interpersonal and technical development training for ...
The turnaround interventions initiated at AltX-listed steel retailer Alert Steel have resulted in a marked improvement in the company's performance but supply constraints and a deteriorating operating environment are hampering the company's ...
Boparan Holdings,the parent company of UK firm 2 Sisters Food Group,has reported a loss in its first quarter due to costs from a site closure but saw underlying profits rise. In the 13 weeks ended 27 October,the company made a net loss of ...
Tags: 2 Sisters Food, Boparan, loss, underlying profits
JD Sports Fashion Plc, the leading retailer and distributor of branded sportswear, fashionwear and outdoor clothing and equipment, announces it's Interim Results for the 26 weeks ended 28 July 2012. Highlights Continued robust ...
Tags: JD Sports Fashion Plc, sportswear, fashionwear, outdoor clothing
Vitro announced yesterday it has initiated a process in a Mexican court aimed at recovering close to $1.6 billion USD in damages resulting from lawsuits which placed the company and 17 subsidiaries into involuntary bankruptcy, later ...
Tags: Vitro, Mexican glassmaker, glass, Construction
The Dow Chemical Company reported sales of $13.6 billion, down 10 percent, or 7 percent on an adjusted sales basis. The decline was led by Europe, which decreased 10 percent on the same basis driven by adverse currency conditions totaling ...
The Carpet and Rug Institute (CRI) held its Annual Membership Meeting at the Northwest Georgia Trade and Convention Center in Dalton. Outgoing CRI board chairman John Wells offered remarks on the current state of CRI, including the carpet ...
Tags: CRI, Annual Membership Meeting, Mohawk, Joe Foye bags, Smrekar award
IDG News Service-Sony said Friday that its current round of job cuts will include workers in its struggling TV business and at its headquarters in Tokyo,and it will close a mobile phone and lens factory in central Japan. The job cuts,part ...
Tags: Sony, Cut Jobs, Phone, Headquarters, TV Group
After nearly a 2 year long lull, construction equipment makers are looking forward to early signs of revival of domestic mining and road construction sector. The revival has come at a time when construction equipment market in the rest of ...
Tags: construction equipment, domestic mining, road construction sector
General Motors has hosed down speculation the next-generation Holden Commodore Sportwagon and Ute could be headed to North America alongside the VF sedan. Rumours of an expanded export deal between Holden and US sister brand ...
Tags: General Motors, Holden Commodore Sportwagon, Chevrolet, new car