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international operations
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Volvo's Parent Firm Geely to Buy Us Flying-Car Startup Terrafugia
Nov 16, 2017Zhejiang Geely, the Chinese automaker that owns Volvo, has agreed to acquire Terrafugia, a US-based startup company working on the development of a flying car. Terrafugia was founded in 2006 by five Massachusetts Institute of Technology ...
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Heat and Control Opens New Manufacturing Plant in Chennai, India
Sep 18, 2017Food processing, packaging and weighing equipment manufacturer Heat and Control has opened a new manufacturing facility in Chennai, India, which has a manufacturing area of more than 11,800m2. Building on a foundation of 35 years ...
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Conner Industries Secures $10m in Growth Capital
Aug 4, 2017Conner Industries, a provider of integrated packaging solutions, has received from existing investors additional growth capital which, when added to the investment made in April 2017, totals $10m. The capital infusion will be used for ...
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General Motors to Phase out Chevrolet Brand From India and South Africa
May 22, 2017General Motors (GM) said it will phase out its Chevrolet brand in India and South Africa by the end of this year. The move is part of key restructuring actions in the company's GM International operations to strengthen global business ...
Tags: General Motors, Chevrolet
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Walmart Outlines Plan to Win with Customers, including E-commerce Acceleration, at Meeting for Investment Community Today
Oct 13, 2016The company reiterates fiscal year 2017 GAAP EPS guidance of $4.29 to $4.49, or adjusted EPS1 guidance of $4.15 to $4.35. For fiscal year 2018, the company expects GAAP EPS to be relatively flat to fiscal year 2017 adjusted EPS1. ...
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BHS to Relaunch Online
Sep 29, 2016BHS is set to relaunch in the UK as an online retailer with a range of lighting and home furnishing products that constitute around 75% of the most popular online items sold before it went into administration earlier this year. BHS.com ...
Tags: BHS, online retailer
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China Establishes SOE Structural Adjustment Fund
Sep 27, 2016China on Monday established a national fund for structural adjustment of state-owned enterprises (SOEs). The fund has an estimated capital of 350 billion yuan (around 50 billion U.S. dollars) and will mainly invest in programs including ...
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Veeco Adds Expert in International Operations and Acquisitions to Board
Jul 27, 2016Epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA has announced the appointment of Kathleen Bayless to its board of directors and its audit committee. From 2009 until her retirement in 2015, ...
Tags: Veeco, Epitaxialprocess equipment
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China's Cruise Industry to Grow Faster in 10 Years
Mar 2, 2016The total number of Chinese homeport cruise ship travelers reached 2.22 million passenger trips in 2015, and China's cruise industry is set to grow faster in the next decade, a report said. Throughout 2015, China's 10 cruise ports ...
Tags: Cruise Industry, Cruise Ship
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ADM Takes 50% Stake in Medsofts to Expand Supply Chain and Merchandising Operations
Dec 21, 2015Archer Daniels Midland Company (ADM) will purchase 50% stake in Egypt-based Medsofts Group. Together, the companies will own and manage supply chain and merchandising operations of grains, oilseeds, and soft commodities. The new joint ...
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Business Is on Track to Meet Full-Year Market Expectations
Jun 29, 2015Debenhams has issued a trading update for the 15 weeks and the 41 weeks to 13th June 2015, and confirms the business is on track to meet full-year market expectations. Group gross transaction value was up 0.4% for the 15 weeks, and 1.7% ...
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KFC to Serve Coffee in Edible Cups at Select Stores in The UK
Mar 2, 2015In a major sustainability initiative, American fast-food giant KFC will soon serve coffee in edible cups at select stores in the UK. KFC's new edible cups dubbed, the "Scoff-ee Cup" are a result of collaboration with London-based The ...
Tags: Edible Cups, Packaging
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General Motors' Luxury Car Division Buick Introduced Avenir Sedan Concept
Jan 13, 2015General Motors’ luxury car division Buick introduced Avenir Sedan concept at the North American International Auto Show. The design of the car is inspired by historic Buick concepts which feature a sloping, rear deck, long hood, ...
Tags: rear deck, long hood, wheels-at-the-corners stance, Auto
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Keen Is Elevating Its Commitment to on-Time
Jan 9, 2015Keen is elevating its commitment to on-time, reliable delivery of quality, innovative product with significant investments to its global supply chain leadership team as the company grows into its second decade. Keen welcomed three ...
Tags: transportation, distribution, sales force, Sporting Goods
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Perry Ellis International Reported Sales Declined 5.3 Percent
Nov 21, 2014Perry Ellis International reported sales declined 5.3 percent in the third quarter to $203.3 million, but managed to cut its loss in the period to $437,000, or 3 cents a share, from $3.0 million, or 20 cents, a year ago. Executives said ...
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