German automotive giant Volkswagen is set to acquire the entire stake in Swedish commercial vehicle maker Scania for EUR6.7bn. The company currently holds a total of 89.2% of the voting rights and 62.6% of the capital of Scania. ...
Tags: Commercial Vehicle, Volkswagen
Abercrombie & Fitch Co. reported that on February 20, 2014, the Board of Directors declared a quarterly cash dividend of $0.20 per share on the Class A Common Stock of Abercrombie & Fitch Co., payable on March 18, 2014 to shareholders of ...
Tags: Apparel, Abercrombie&Fitch
AR Packaging Group has canceled the divestment process owing to the failed sale of the tobacco business. Earlier in November 2013, the company had signed agreements to divest all its businesses that consist of tobacco, specialties and ...
Tags: AR Packaging, Divestment Process
Cal-Maine Foods, a US-based egg producer, has signed a deal to take over the remaining 50% stake in Delta Egg Farm from Sunbest Foods of Iowa for $17m. With this development, Delta Egg Farm will become a wholly owned subsidiary of ...
Tags: Cal-Maine Foods, Delta Egg Farm
Owens Corning reported consolidated net sales of $5.3 billion in 2013, up from net sales of $5.2 billion in 2012. Full-year 2013 adjusted earnings were $221 million, or $1.86 per diluted share compared to adjusted earnings of $131 ...
Tags: Owens Corning, Textile
Wolverine Worldwide reported financial results for both the fourth quarter and full year ended December 28, 2013. Full-year results include a full 52-week contribution from the Company's October 2012 acquisition of the Sperry Top-Sider, ...
Tags: Wolverine Worldwide, Apparel
Advanced Accelerator Applications ("AAA" or "the Company"), a fast growing international specialist in Molecular Nuclear Medicine (MNM), announced today that it had successfully completed a capital increase of €41 million. This ...
Bauer Performance Sports Ltd. entered into a definitive agreement to acquire the Easton Baseball/Softball business for US $330 million in an all-cash transaction, subject to a working capital adjustment. Easton-Bell Sports also indicated ...
R.G. Barry Corporation reported net earnings of $6.1 million, or 53 cents per diluted share, in its second quarter ended Dec. 28, up versus $5.3 million, or 46 cents per share, in the second quarter of fiscal 2013. Revenues reached $48.0 ...
Tags: R.G.Barry
Kenyan producer ARM Cement is getting closer to launching construction of a US$400m plant in Kitui County, the company's managing director has said. Pradeep Paunrana told local press that the company has received support from the Kitui ...
Tags: Construction, Decoration, Cement
Stanley Furniture Company reported sales and operating results for the fourth quarter and total year ending December 31, 2013. Fourth quarter 2013 highlights: • Net sales were $22.7 million compared to $23.4M in the fourth quarter ...
The European Investment Bank (EIB) has loaned Austrian textile company Lezning AG €100 million to help finance research and development (R&D) activities and investment in Tencel fibre production. Lenzing, which specializes in making ...
Tags: cellulose fibers
VF Corp reported revenues rose 8 percent in its fourth quarter to $3.3 billion, compared with the same period of 2012, driven by double-digit growth in its Outdoor & Action Sports, Sportswear, international and direct-to-consumer ...
Tags: Sporting Goods, Recreation
French dairy major Danone has agreed to increase its holding in Chinese dairy firm Mengniu from 4% to 9.9%, with an investment of €486m. The company, along with COFCO Dairy Investments, signed a deal to subscribe a reserved rights ...
Tags: Danone, Mengniu, increase holding
Component maker Delphi Automotive PLC said its fourth-quarter profit and revenue increased on strong growth in North America and Asia. The company earned $298 million, or 97 cents per share, up from $136 million, or 43 cents, a year ago. ...
Tags: Component, Delphi Automotive