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LG Chem ready to double workforce at plant that makes Volt batteries

2015-05-16 09:09:11| Chemicals - Topix.net

With a history that involves paying people not to work , the fact that LG Chem is going to hire more people for its electric-vehicle battery plant in Holland, Michigan is good news on a couple fronts for the Korean company. The South Korea-based LG Chem is holding a job fair at the factory about 30 miles west of Grand Rapids .

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Telefonica Spain sales down 3.8%, fibre clients double YoY

2015-05-14 08:26:00| Telecompaper Headlines

(Telecompaper) Telefonica's Spanish unit (Telefonica Espana) sustained its recent trend of year-on-year revenue recovery in the first quarter of 2015, reporting sales of EUR 2.88 billion, down 3.8 percent on last year's result of EUR 2.99 billion but an improvement on falls of 4.9 percent, 6.6 percent and 9.1 percent in previous quarters. The company said the ongoing recovery was due to a 1.2 percent rise in connections in the quarter, led by a year-on-year doubling of fibre customers to 1.6 million, the highest level in Europe, as well as improved churn in all services. Telefonica chairman Cesar Alierta welcomed the results, saying the year-on-year increase in accesses would gradually translate into growth in financials. The company's operating income before depreciation and amortization (OIBDA) for the January-March period fell 8.6 percent from a year earlier to EUR 1.28 billion, impacted by a drop in handset sales and an ongoing commercial effort, while the OIBDA margin dipped to 44.4 percent. CapEx for the quarter amounted to EUR 414 million, up 55.0 percent from the year-earlier EUR 267 million, reflecting the company's accelerated rollout of its fibre and 4G networks.

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Double Cola Co extends Minoku distribution

2015-05-11 22:50:00| Daily beverage news and comment - from just-drinks.com

The Double Cola Co has said it will increase the footprint of its coconut water brand Minoku in the US after signing new distribution deals.

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U.S. Furniture Stocks Rose 400% Since 'QE': This Is One More Reason Natuzzi Could Double

2015-05-11 21:25:02| Furniture - Topix.net

Europe is also going to benefit from lower oil prices and potentially significantly higher exports due to the weak Euro. Based on 400% gains seen by many U.S. furniture companies in the past few years, it makes sense to consider European furniture stocks.

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Aston Martin Racing Wins Double in GTE Pro/Am FIA WEC 6 Hours of Spa-Francorchamps

2015-05-11 19:08:03| K&N Racing News

During the recent second race of the FIA World Endurance Championship Series, the 6 Hours of Spa-Francorchamps, Team Aston Martin Racing swept the GTE Pro and GTE Am racing classes.

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