Archive for November 20th, 2012

Bakery

Premier Foods announces loss of 900 jobs in bread division

UK food producer Premier Foods plc (LSE:PFD) announced today that 900 jobs will be lost in its bread division as the company seeks to simplify its manufacturing and distribution operations. The restructuring is intended to improve efficiency and enhance the […]

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Carrefour

French retailer Carrefour exists Indonesia in €525m deal

French retail major Carrefour SA (EPA:CA) on Tuesday announced a EUR525m (USD671.5m) deal to sell the 60% stake it holds in its Indonesian unit to local partner CT

Credit Suisse, Zurich

Credit Suisse to merge private banking and asset management operations

Swiss financial services group Credit Suisse AG (NYSE:CRP) said today it had decided to merge its private banking and asset management divisions in a drive to cut expenses

Life Insurance – Still a Mystery to Most

The complicated world of life insurance is sometimes a complete mystery to those not involved directly in the industry itself. According to the Association of Insurers (AIB) report,

Whiskey

UK’s Diageo prepares to launch $988m mandatory bid for 26% stake in India’s USL

UK branded premium alcoholic beverages group Diageo Plc (LON:DGE; NYSE:DEO) will launch on 7 January

ING Bank

Dutch ING disposes of Thailand asset manager to Singapore’s UOB

Dutch financial group ING Groep NV (AMS:INGA) on Tuesday revealed a EUR10m (USD12.8m) cash deal for the sale

Wedding Paper Divas puts together stationery collection for 2013

Wedding Paper Divas has revealed its exclusive wedding invitation collection for the 2013 spring and summer seasons.

The carefully curated collection features on-trend wedding stationery in five contemporary categories.

Urbanspoon expands through partnerships with Livebookings and Dimmi

Urbanspoon announced international expansion through partnerships with leading online reservation services Dimmi and Livebookings.

Now, Urbanspoon diners worldwide will have the ability to book reservations at nearly 7,000 restaurants

Toshiba Electronics Europe picks ModusLink’s Solution Center for flash memory products

ModusLink Global SolutionsTM Inc. (NASDAQ: MLNK) said that Toshiba Electronics Europe GmbH has selected ModusLink's solution centre in Brno, Czech Republic to provide on-demand configuration capabilities.

TEE has certified

Telestone Technologies revenues down 41.2% in 3Q 2012

Telestone Technologies (NASDAQ: TSTC) reported third quarter 2012 revenues were $17.4 million, a decrease of 41.2%, as compared to $29.6 million in the year-ago quarter.

Gross profit was $6.8

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