Amcor, multinational packaging firm shareholders approved of a demerger which will separate its packaging distribution business to form a new company, Orora, only after the group said the positives outweigh the disadvantages. The demerger comes to effect from December 17, with Orora to start trading as a separate company on the Australian Securities Exchange the following day.
Theo Spierings, Chief Executive said that Fonterra's sales in China are almost back to the levels of pre-botulism scare and in the ingredients business it is even are higher. The company is in a rebuilding phase following recall, review and recovery stages.
Some customers smell foul play when Gilt, the luxury retailer who is working with Starbucks on the promotion, accidentally posted - then swiftly un-posted - the $450, ultra-limited edition Starbucks Metal card on its site a day prior to its actual selling date.
Queensland Energy Resources (QER) says when it shuts down its shale oil pilot plant at Yarwun next year, 50 jobs are expected to be lost.
Some of the workers who will lose their jobs at the shale oil project will be hired by a company which is building a waste lube oil recycling plant near Gladstone.
In a spiky turnaround of its global strategy General Motors plans to mostly withdraw its Chevrolet brand from Europe.
The decision followed as GM had repeatedly said it hoped to break even in Europe by mid-decade. It was not absolutely clear whether the decision to discontinue selling most Chevrolet vehicles in Europe would affect that goal.
"Trust in every bite", is the slogan for Yum Brands Inc's (YUM. N) KFC website in China.
On Wednesday after Westfield Group (ASX: WDC) announced the split of its domestic and international assets it jumped 6% in early trade.
- Ford reveals its third-generation autonomous driving research vehicle
- YouTube expands live streaming capability worldwide to all verified accounts
- Blue Goji launches its new Goji Play video game system for the gym
- Samsung will seemingly launch curved screen handset before Apple
- Bloomberg: Microsoft considering Qualcomm COO Steve Mollenkopf as new CEO