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Tag: exit
Ericsson to exit cable manufacturing business
2013-05-21 16:26:00| Telecompaper Headlines
(Telecompaper) Ericsson announced it is shutting down its business to manufacture network cables. The move will lead to the loss of 354 jobs at sites in Hudiksvall and Stockholm in Sweden. The company said demand for copper cable has declined and production of fibre cable has shifted to Asia where there is more demand, leading to overcapacity in the European market. The company also has a small market share in the business and has been operating below its capacity for some time. Net sales from the telecom cables operations in 2012 amounted to approximately SEK 1 billion. Exiting the business will lead to restructuring charges of around SEK 0.5 billion, to be divided roughly 50-50 over the second and third quarters of this year.
Tags: business
cable
manufacturing
exit
Activist investor says Petrogrand should exit Russia
2013-05-17 23:23:04| Appliances - Topix.net
An activist hedge fund has urged Swedish oil and gas company Petrogrand AB to drop exploration activities in Russia, explore strategic alternatives and replace its chief executive, according to a letter from the fund to the company's board of directors.
Tags: russia
investor
exit
activist
Blackstone funds exit General Growth Properties
2013-05-08 03:19:09| Real Estate - Topix.net
The Senate voted overwhelmingly on Monday to give states the power to enforce their sales tax laws on online purchases, but the legislation faces a tougher fight in the Republican-controlled House of Representatives.
Tags: general
growth
properties
funds
Explosion-Proof Exit Sign features emergency backup battery.
2013-05-07 14:31:07| Industrial Newsroom - All News for Today
Model EXP-EMG-EXT-12W-1LX explosion proof emergency exit sign is Class 1 Division 1, Class 2 Division 1 & 2 approved, and runs for 90 min when main power source shuts down. Product includes NiCd battery with 7–10 yr operational life and built-in charging system. Powder-coated for corrosion resistance, aluminum sign has 3-sided design illuminated by 10 W LED lamp with 50,000 hr operating life. Waterproof, hazardous location unit runs from 110–277 Vac universal voltages. This story is related to the following:Electrical Equipment and Systems Sponsored by: Globtek Inc. - Your Power Partner...For Over 20 Years!LED Signs | Exit Signs | Explosion Proof Signals |
Tags: sign
features
emergency
exit
Lord Lawson calls for UK to exit EU
2013-05-07 00:22:28| BBC News | Business | UK Edition
The former chancellor of the exchequer, Lord Lawson, calls for the UK to leave the EU, saying its economic gain 'would outweigh the costs'.
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