A New York-based major shareholder in OfficeMax has urged the company to sell-off its Australian and New Zealand divisions so that it can return more cash to investors. In a letter to OfficeMax CEO Ravi Saligram, Neuberger Berman managing ...
Tags: OfficeMax, transformational acquisition, operating strategy
Research in Motion's stock price plunged 19%Friday following RIM's announcement late yesterday of a$518 million first quarter loss and that its BlackBerry 10 smartphone has been further delayed. At the close of markets Friday,RIM's ...
Tags: RIM, BlackBerry, smartphone, IDC, BlackBerry 10
Richard Barfield has been appointed group chief financial officer of Paperlinx, based in the UK. “Richard is a highly-experienced and well-respected CFO who has recently completed the turnaround and sale of Bezier Group in the ...
Tags: Paperlinx, paper products, office supplies
LED Engin has closed its latest funding round and CRS has announced a private placement of shares. LED Engin closes series E funding round LED Engin, Inc., a San Jose, California-based LED company specializing in high-lumen-density LED ...
Tags: raw material
Premier Foods plc has booked an increase in first-quarter sales, boosted by the performance of its 'power brands'. For the three months to the end of March, group sales edged up 1.3% to GBP427m (US$689.6m), the Hovis maker reported today ...
Tags: increase sales, power brands, jam, pickles, share price
Tesco's share price climbed this morning (18 April) on the UK retailer's plans to spend GBP1bn (US$1.55bn) overhauling its domestic business. The company, which has seen its share of the UK grocery market erode in recent months amid ...
Tags: Tesco, share price, fresh food, retail
TAIPEI – China Steel Corp., Taiwan's largest steel producer by revenue, said Tuesday that it will raise domestic April-May prices by an average of 1.11% compared with March, on the back of a recent recovery in global steel prices, Dow ...
Tags: Industry Trends, Fastener
Epistar has announced to gain a share buyback plan in a bid to support its share price. Epistar announced Wednesday it would buy back 10 million shares from the open market at a range of NT$51 to NT$76 between Dec. 29 and Feb. 28, 2012. The ...
Tags: Market View, led
The New York Stock Exchange has threatened Chinese owned-and-operated pipe manufacturer WSP Holdings with delisting if it doesn't get its average share price above $1 and file an annual report for 2010. The NYSE does not permit companies to ...
Tags: pipe