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Magna sells interiors business to Spains Grupo Antolin for $525 million
2015-04-16 16:47:29| Canadian Plastics Headlines
Automotive parts supplier Magna International Inc. is selling its interiors operations to Spanish auto parts manufacturer Grupo Antolin for approximately US$525 million. The transaction, involving the production of headliners, interior trim panels, instrument panels, and other interior components, includes 36… The post Magna sells interiors business to Spains Grupo Antolin for $525 million appeared first on Canadian Plastics.
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Netflix adds almost 5 million subscribers in Q1
2015-04-16 08:40:00| Telecompaper Headlines
(Telecompaper) Netflix added 4.88 million new subscribers in the first quarter, to take its customer base to 62.27 million at the end of March. The result was better than its forecast for 4 million net customer additions. In the US, the company added 2.28 million streaming customers for a total 41.40 million, and revenues grew to USD 985 million from USD 799 million a year earlier. International customers increased by 2.60 million to 20.88 million, and revenues rose to USD 415 million from USD 267 million a year ago. The operating loss from the international activities narrowed to USD 65 million from USD 79 million in Q4, but Netflix said this will swell again to over USD 100 million in Q2 following its recent launch in Australia and New Zealand. Total operating profit for Q1 was little changed year-on-year at USD 97 million, while net income more than halved to USD 24 million, hurt by negative currency effects. Free cash flow was a negative USD 163 million as the company continues to invest in original content. For the second quarter, Netflix expects net additions in the US to slow to around 0.6 million, and its international markets to gain around 0.9 million customers. The company plans to launch in more countries later this year, starting with Japan.
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Oregon's biggest brewery gets bigger: Widmer plans $10 million expansion in Portland
2015-04-16 00:22:10| PortlandOnline
John Foyston in The Oregonian, April 14, 2015
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Carpenter Restructuring to Save $30 Million
2015-04-15 23:15:11| Steel - Topix.net
Prompted by weakness in the oil and gas market, Carpenter Technology Corp., Wyomissing, Pa., has begun a restructuring program to lower overhead costs and improve the company's financial position. Its efforts are expected to yield $30 million of cost savings.
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Drug giant pledges $100 million investment at East Bay facility
2015-04-15 16:21:53| Chemicals - Topix.net
Bayer HealthCare will spend $100 million to build a new product testing facility in Berkeley for new generations of its top-selling hemophilia A drugs. The 80,000-square-foot structure on the southern edge of Bayer's East Bay campus actually is part of a long-range strategy by the subgroup of Germany-based drug giant Bayer AG.
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