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Tag: exit
TRAFFIC ADVISORY 01/10/16: Swan Island Exit at Going Street (Southbound) Shut Down for Water Main Repairs
2016-01-27 19:30:50| PortlandOnline
Tags: main
street
water
island
STMicroelectronics to exit STB market
2016-01-27 09:16:00| Telecompaper Headlines
(Telecompaper) STMicroelectronics announced plans to exit the market for chips used in set-top boxes and home gateways. The company said the slower-than-expected market adoption of leading-edge products and increasing competition on low-end boxes, combined with the required high level of R&D investment, has led the business to generate significant losses in recent years. The decision to exit the business will lead to around 600 employees redeployed to different activities, principally ST's target growth areas of digital automotive and microcontrollers, and a voluntary redundancy plan for around 1,400 employees. The announcement came alongside fourth-quarter results showing net revenues down 5.5 percent sequentially and 8.8 percent lower year-on-year at USD 1.67 billion. Lower capacity utilisation and price pressure led to a drop in the gross margin to 33.5 percent, and net profit fell to USD 2 million from USD 43 million a year earlier. For the first quarter, ST forecast a sequential decline in revenues of around 3 percent and a gross margin around 33.0 percent, again affected by low capacity utilisation for its digital products.
Tags: market
exit
stb
stmicroelectronics
Judge to rule Monday on American Apparel bankruptcy exit plan
2016-01-22 01:31:53| Apparel - Topix.net
Jan 21 A U.S. judge will rule on Monday on a plan to bring teen retailer American Apparel out of bankruptcy under the control of hedge funds or give former chief executive Dov Charney a chance to finance a competing plan. American Apparel Inc filed for bankruptcy in October and last month Charney and two investment funds presented a competing takeover plan that was rejected by the company's board.
Tags: plan
american
monday
rule
US GAO finds DHS lagging behind in developing biometric exit technology for airports
2016-01-21 01:00:00| Airport Technology
US Government Accountability Office (GAO) has found that the Department of Homeland Security (DHS) in the country has been facing long-standing challenges in developing a biometric exit system to ensure effective airport exit security.
Tags: technology
developing
exit
finds
Chevron to exit East Kalimantan oil and gas block in Indonesia
2016-01-20 01:00:00| Hydrocarbons Technology
US-based energy giant Chevron has announced its decision that it will not extend its contract to operate the East Kalimantan oil and gas block in Indonesia.
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