Many economists are saying that the U.S. will once again be the driving force behind world growth in 2015 as the dollar growth. The U.S. economy saw an annual expansion rate of 5 percent in the third quarter of 2014, according to government ...
Tags: dollar growth, Sronger Dollar
Cabela’s Incorporated reported total revenue increased 14.0 percent to $827.1 million in the first quarter ended March 28 due primarily to the opening of new stores and associated growth at its credit card business. Cabela's Retail ...
Tags: Cabela, Sporting Goods
Industry executives forecast the consolidated revenue of machine-tool maker Tongtai Machine & Tool Co., Ltd. of Taiwan to rise over 20 percent year on year to NT$10 billion (US$322.58 million) by the end of this year, basing such optimistic ...
Tags: machine-tool, Tongtai Machine&Tool
TRW Automotive has agreed to sell its linkage and suspension business to THK for $400m in an all-cash deal. The linkage and suspension business generates revenues of $550m. Subject to customary conditions including regulatory approvals, ...
Tags: TRW Automotive, Linkage
For fiscal third-quarter 2015 (to 29 March), Cree Inc of Durham, NC, USA has reported revenue of $409.5m, down about 1% on $413.2m last quarter but up 1% on $405.3m a year ago (and on the higher end of the targeted range of $395-415m), as ...
For fiscal second-quarter 2015 (to end-February 2015), LED chip and component maker SemiLEDs Corp of Hsinchu, Taiwan has reported revenue of $4.6m, continuing the rebound from the low of $2.3m in fiscal fourth-quarter 2014 and up 56% on ...
RPM International Inc. has reported record sales for its fiscal 2015 third quarter ended February 28, 2015, but incurred an as-reported loss for the quarter due to a one-time, non-cash net charge for a tax accrual related to the possible ...
Tags: RPM International, record sales
Industrial, consumer and protective packaging provider Sonoco will be investing $11.8m in building a research and development facility for consumer packaging products in Hartsville. The company has already commenced the construction of ...
Taiwan's Ministry of Economic Affairs (MOEA) will complete replacement of mercury street lamps with LED models installing an additional 692,000 LED lamps around Taiwan by the end of 2016 at a procurement budget of NT$5.49 billion (US$175 ...
Tags: LED Street Lamps, LED Lamps
'One Belt, One Road' initiatives offer hope to firms like Zoomlion amid stagnant sales in domestic market, reports Xu Wei. Plans by China's leaders to revive ancient intercontinental land routes and develop maritime links are being seen ...
Tags: Heavy Equipment, heavy machinery
Royal Philips NV of Amsterdam, The Netherlands (the world's largest lighting producer) has agreed to sell an 80.1% stake in its combined LED components and Automotive lighting business to GO Scale Capital, a new growth-stage investment fund ...
Tags: Lumileds, Royal Philips, Electronics
Dunelm Group plc has issued a trading update for the third quarter of its current financial year, comprising the 13-week period ending 28th March 2015. Total revenue grew by 10.7% to £216.2m. However, total like-for-like growth ...
Tags: Dunelm Group, Home Delivery sales, Furniture
Con-way’s global logistics subsidiary Menlo Logistics has opened a new after-sales spare parts facility in Dharuhera, India, expanding its automotive logistics operations in the country. The 3,846m2 facility is situated close to car ...
Tags: logistics operations, customers, Auto Parts
Royal Philips has announced that it has signed an agreement with a consortium led by GO Scale Capital through which it will acquire an 80.1% interest in Philips' combined LED components and automotive lighting business, with Philips ...
Tags: automotive lighting, Philips, LED
Dutch multinational announces sale of its LED components and automotive lighting business as it turns toward new HealthTech focus. Chris Newmarker Royal Philips has set the wheels in motion when it comes to a split-up of the company ...