Toy suppliers have stopped deliveries to the UK arm of Toys R Us over fears the financial struggles of its American company could leave them out of pocket. Despite the retailer insisting last month that it was ‘business as ...
Japanese automaker Honda Motor has agreed to pay a compensation of $605m related to the Takata airbag issue in the US. The settlement covers more than 16.5 million vehicles in the country, for installing potentially faulty airbag ...
Tags: Honda Motor, Takata airbag
Concourse Sports LLC has reached an agreement to acquire Team Express Inc., which filed for bankruptcy protection in mid-December. Concourse will act as the stalking horse bidder in the case and may be outbid at an auction set for May 4. ...
Tags: Concourse Sports, Team Express, Acquisition
Quirky (“Quirky”) and its affiliates (together, the “Company”) announced today that it filed a voluntarily petition under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern ...
RPM International Inc. reported a 10 percent increase in net income and an 8 percent increase in earnings per diluted share on flat sales for its fiscal 2015 second quarter ended November 30, 2014. Second-Quarter Results Net sales of ...
In late 2013, LEDinside team forecasted major company restructure market trends will continue throughout the year. The trend has been consistent in 2014, as more lighting manufacturers take necessary restructure measures to remain ...
Tags: LED component, LED light
Glancy Binkow & Goldberg LLP has filed a class action lawsuit ‘Deerhaven Capital LLC vs Gutierrez et al’ (docketed as 14-cv-00463) in the United States District Court for the District of New Hampshire on behalf of a class ...
Sapphire wafer maker Tera Xtal Technology has cancelled a plan to issue 25 million new shares mainly due to large drops in its stock prices. The new shares were originally meant to be subscribed by existing shareholders (90%) and ...
Tags: Sapphire wafer, Tera Xtal
GT Advanced Technologies' (GTAT) move to seek bankruptcy protection on October 6 came as a surprise to the IT industry especially because the maker was a major supplier of Apple for sapphire screens. The related supply chain in general, ...
Tags: GTAT, Sapphire Industry
US-based sapphire ingot producer GT Advanced Technologies (GTAT) has applied for bankruptcy protection possibly because its HEM technology-based ingot growing process has seen much lower than expected yield rates at only about 40%, ...
Tags: GTAT, bankruptcy, sapphire ingot
US-based vehicle maker General Motors (GM) has urged a local court to offer protection from certain lawsuits being filed against the company over a recall led by faulty ignition switches. The company has been facing an increase in ...
Tags: General Motors, recall
A US financial regulator warned consumers Tuesday that using the online currency Bitcoin is fraught with risks including theft by hacking and fraud. The Financial Industry Regulatory Authority issued the general warning amid a spate of ...
Tags: Bitcoin, US Regulator
Bitcoin exchange MtGox faced massive hacker offensives last month, coming under some 150,000 DDoS attacks per second for several days ahead of its spectacular failure, a report said Sunday. The Tokyo-based exchange, which filed for ...
Tags: Bitcoin, Consumer Electronics
LAS VEGAS — Motion upholstery resource Barcalounger has signed a lease for a new permanent showroom at the Las Vegas Market, which opens Sunday. The new exhibit space in World Market Center A-948 will allow the company to show a ...
Tags: Barcalounger, Larry Smith, H.Home, Row One
Dots LLC, the US-based fashion specialty apparel retailer with 420 stores located in 28 states, has filed for bankruptcy protection in order restructure and implement new strategies aimed at re-engaging its core customers. The Company has ...
Tags: Clothing Chain, Apparel