Companies : Page 2725

JC Penney and Macy's to cut thousands of US jobs

January 9, 2015 JC Penney and Macy's, have announced plans to close stores and cut thousands of jobs. Both chains have been hit by the growth in online shopping.

Coca-Cola to cut up to 1,800 jobs worldwide

January 9, 2015 Coca-Cola is set to cut up to 1,800 jobs worldwide as it continues cost-cutting efforts. The job cuts will affect the firm's Atlanta headquarters, as well as its international operations.

Tesco downgraded to junk despite turnaround plan

January 9, 2015 Tesco has been downgraded to "junk" status by credit rating ageny Moody's, despite the company unveiling a turnaround plan. Moody's has downgraded Tesco's senior unsecured long-term rating to Ba1 from Baa3 and cut its short-term rating from Prime-3 (P-3) to Not Prime.

Bentley cars delivery in 2014 grew 9%

January 9, 2015 Bentley Motors announced that its global deliveries in 2014 grew by 9 percent to 11,020 cars, up from 10,120 cars in 2013 and marked another year of record sales.

China buys more iPhones than US for first time

January 9, 2015 Strong demand for Apple's latest iPhone 6 and iPhone 6 plus smartphones has helped the Chinese market outsell the United States for the first time, according to tech news hub pingwest.com citing a report from UBS.

Dunkin' Donuts to open 1,400 new stores in China

January 9, 2015 Dunkin' Donuts had reached a deal to open more than 1,400 locations in China over the next 20 years. There are 16 Dunkin' Donuts locations in the country.

Aston Martin recalling cars in China

January 9, 2015 Aston Martin, producer of some of the world's most expensive race cars, will recall 602 vehicles on the Chinese mainland due to seat heater problems, the country's top quality supervisor said.

Superior Capital buys assets of Daystar Desserts

January 9, 2015 Superior Capital Partners LLC, a Detroit-based private equity firm, acquired the assets of Daystar Desserts as an add-on acquisition to its portfolio company, Dianne's Fine Desserts.

MWV to separate Specialty Chemicals business

January 9, 2015 MeadWestvaco Corporation (MWV), a packaging and packaging solutions company, announced that its board of directors has approved a plan to fully separate its Specialty Chemicals business from the rest of the company.

Catalyst Paper completes acquisition of paper mills in Wisconsin and Maine

January 9, 2015 Catalyst Paper Corporation has completed the acquisition of the Biron paper mill in Wisconsin and the Rumford pulp and paper mill in Maine from NewPage Corporation, NewPage Wisconsin System Inc., and Rumford Paper Company.

Creative Food Ingredients to open facility in New York State

January 8, 2015 Creative Food Ingredients, a Canadian-owned manufacturer of cookies, cookie parts, and cookie crumbs, will construct a 75,000 square foot addition to its facility in Perry, N.Y., which will open up the production to larger output and lower costs.

U.S. Department of Transportation fines Honda $70 million

January 8, 2015 The U.S. Department of Transportation's National Highway Traffic Safety Administration (NHTSA) announced that Honda will pay two $35 million civil penalties for failing to report deaths, injuries, and certain warranty claims to the federal government in violation of the TREAD Act.