Amcor is in the process of acquiring some of the assets of PET pioneer company, Constar International Holdings LLC. Constar goes back to the 1960s and developed the two litre PET soda bottle in the 1980s. Constar has been working its way ...
Tags: Amcor, acquisition, Constar
Hybrid Technology, led by Hong Kong billionaire Richard Li, has bid $55 million for Fisker Automotive's assets, just days after a bankruptcy judge in Delaware rejected Hybrid's plan to take over the failed electric-vehicle maker in a ...
Tags: Hybrid, Bankrupt Fisker, Bid War
YRC Worldwide's truck drivers and other employees, represented by Teamsters Union, have rejected a proposal to extend the current labour contract to 2019. Members voted over the past several weeks and ballots were counted Thursday. The ...
Tags: Transportation, Auto Parts
At the end of 2013, a new list of bankrupt Chinese LED lighting manufacturers was published. Industry sources estimate more than 10,000 people have been impacted by the bankruptcy wave. Frustrated workers and angry investors have hunt down ...
Tags: LED Manufacturers, LED Lighting
Italian automobile manufacturer Fiat SpA will acquire full control of Chrysler Group LLC in a deal worth a combined $4.35 billion, Bloomberg News reported. Fiat, which already holds 58.5% of Chrysler, will [delete word pay] acquire the ...
Tags: Fiat SpA, Chrysler Group, stake
Italian car maker Fiat is set to purchase remaining 41.4% stake in American automaker Chrysler Group in an agreement with the US auto workers' pension fund VEBA Trust for $3.65bn. The move forms part of the company's plan to merge both ...
Tags: FIAT, Chrysler Group
Good government policies can help propel an industry forward but bad ones can hinder development. Although China’s policies are aimed at developing the LED industry, the subsidies have gotten out of control recently, said LEDinside ...
Tags: LED Policies, LED Lighting
LightSquared proposed a new plan to exit Chapter 11 by raising $2.75 billion in loans and at least $1.25 billion in equity investment, replacing a plan that included a spectrum auction in which Dish Networks was the highest bidder. The ...
Tags: LightSquared, Chapter 11, Dish Networks, spectrum auction
The bankrupt Boston-area pharmacy that allegedly made tainted steroid injections which sickened hundreds and killed 64 will compensate victims, officials say. Paul D. Moore, the bankruptcy trustee involved in the negotiations with the ...
Tags: bankrupt Boston-area pharmacy, tainted steroid injections, meningitis
Federal court records show that the Oct. 8 bankruptcy filing by the nation's largest organic peanut butter processor was sparked by Issaquah, WA-based Costco, a membership-based warehouse club, when it unilaterally terminated a deal it had ...
Tags: nation's largest organic peanut butter processor, WA-based Costco
General Motors Co. announced plans to invest $1.3 billion in five factories so they can manufacture pickup trucks with more fuel-efficient engines and technologies. GM said the money will go to the Flint, Mich., assembly plant; an engine ...
Tags: GM, investment, pickup trucks, fuel-efficient engines
Editor's note: One of our Food Safety News Christmas traditions is to annually recognize those who have been "naughty" and those who have been "nice" – from a strictly food safety perspective, of course. This year, we've opted to ...
Tags: Food Safety, Agriculture, Food
Patriot Coal Corporation announced Thursday its emergence from Chapter 11 as a reorganized company. The Company exits the 18-month restructuring process with a strong balance sheet, competitive cost structure, and streamlined operating ...
Tags: Patriot Coal, Mineral
Plastic packaging manufacturer Amcor has signed a deal to purchase the US business of Constar International, which supplies plastic bottles. Constar interim CEO Louis Imbrogno, Jr said the transaction with Amcor will allow the company ...
Tags: Amcor, Packaging Business
Seneca Foods Corporation confirmed that it has entered into an Asset Purchase Agreement (the "Purchase Agreement") to acquire substantially all the operating assets of Allens, Inc. ("Allens") for a purchase price of approximately $148.0 ...
Tags: Seneca Foods, Food