The US Department of Treasury is likely to sell the remaining nearly 234.2 million shares of American International Group(AIG)common stock,in a public offering,marking end of government ownership of the company. Following the completion ...
Tags: AIG, government, common stock, financial crisis
Convenience food group Greencore saw its share price climb nearly 4% this morning (27 November) after booking an increase in full-year profits Net profit soared 79.8% to GBP35.6m (US$57m) on the back of its acquisition of Marks and ...
Tags: Convenience food group, Greencore, share price, net profit
Dutch retailer Ahold has said it expects to see its margins recover in the Netherlands after conceding they were "weaker than expected" in the first half. Ahold this morning (22 August) booked an increase in first-half profits but its ...
Tags: Ahold, margins recover, profit, food industry
Non-consolidated revenue of Hon Hai Precision,Taiwan's leading manufacturer,jumped 27.58%sequentially to NT$351.733 billion in November,a performance far exceeding market expectation,reported the company yesterday(Nov.10).Institutional ...
Tags: Hon Hai Precision, revenue, consumer electronics, computer products
German food company Zertus has struck a deal to buy UK confectioner and snack firm Zetar. Zertus and London-listed Zetar announced an agreement valuing the UK firm at GBP43.7m. The German company is paying 297p per Zetar share, which ...
Tags: food company, Food Firm, confectioner firm, snack firm
China-based U & D Mining's proposed A$71 million ($73.5 million) takeover of Queensland coal explorer Endocoal has been cleared by Australia's Foreign Investment Review Board, Endocoal said in a statement Friday. A letter dated December 5 ...
Dutch food group CSM reported a decline in third-quarter profits today (25 October) as one-off costs hit earnings. In the three months to the end of September, EBITA fell to EUR20.9m (US$27.1m) from EUR28.3m a year earlier. One-off ...
A planned subsidy for LED lamps could halve their price for consumers in Taiwan,and should also provide a welcome boost for the local LED industry. LED manufacturers in Taiwan received a boost last week when government officials announced ...
Taipei, Dec. 6, 2012 (CENS)--Industry executives pointed out that GlobalFoundries and United Microelectronics Corp. (UMC) might form partnership against No.1 silicon foundry, Taiwan Semiconductor Manufacturing Co. (TSMC), in the formula of ...
Tags: GlobalFoundries, United Microelectronics Corp, partnership
US food group Campbell Soup Co. has recorded a drop in first-quarter earnings as costs related to its acquisition of Bolthouse Farms hit profits. In the three months to 28 October, net earnings amounted to US$265m, an 8% drop on last ...
Tags: Campbell Soup Co., Q1, Earnings
Archer Daniels Midland has increased its takeover for Australian rival GrainCorp, which has so far rejected the US agribusiness giant's interest. ADM has tabled an offer worth A$12.50 a share, up from the A$11.75 GrainCorp turned down ...
Taipei,Dec.7,2012(CENS)--The government's program of"pushing Taiwanese enterprises to return Taiwan for investments"has achieved the first result,as the Industrial Development Bureau(IDB),under the Ministry of Economic ...
Tags: IDB, Investments, Largan and Catcher
Robust, single-minded and colourful were three words that sprung to mind asCarrefour CEO Georges Plassat discussed his plans for the French retail giant yesterday (30 August). However, some investors would like a little less gloss and a lot ...
French retail giant Carrefour has suggested that efforts to improve the performance of its hypermarkets in France were paying off, despite sales falling in the second quarter of the year. Like-for-like sales from Carrefour's French ...
Tags: Hypermarkets, Carrefour, retail giant, market
Carrefour CFO Pierre-Jean Sivignon has insisted he expects a series of measures to help improve the retailer's performance after it reported another quarter of falling sales in its domestic market. Speaking on the firm's earnings call ...
Tags: Carrefour, hypermarkets, retailer, market