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Starboard acquires 5.6 pct stake in MeadWestvaco
2014-06-02 20:56:42| Industrial Machines - Topix.net
Investment management firm Starboard Value LP has acquired an approximately 5.6 percent stake in MeadWestvaco, saying it believes the packaging company is "deeply undervalued."
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pct
acquires
meadwestvaco
Japan May auto sales drop 1.2 pct after April sales tax hike
2014-06-02 09:51:35| Auto Dealers - Topix.net
Japanese auto sales in May dropped 1.2 percent from a year ago, industry data showed on Monday, as the pace of decline eased from the previous month when a sales tax hike sapped demand.
UPDATE 1-Russia's Rostelecom targets 1-2 pct revenue growth, flat margins
2014-05-27 16:44:43| Telecom - Topix.net
Russian state telecoms operator Rostelecom said on Tuesday it aimed to keep this year's revenues and core profit margin at least at last year's levels as it presses ahead with an efficiency drive before possible privatisation.
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growth
flat
revenue
China foodmaker Tingyi Q1 net profit up 22 pct
2014-05-19 12:01:46| Beverages - Topix.net
Tingyi Cayman Islands Holding Corp , China's largest food and beverage maker by sales, reported a 22.4 percent rise in first-quarter net profit as lower input prices helped drive growth in instant noodle and beverage sales.
Valero Energy Partners says profits drop 28 pct
2014-05-15 16:46:41| Energy - Topix.net
The San Antonio company, spun out of Valero Energy Corp. last year, reported net income of $10.5 million, or 18 cents per unit, in its first full quarter as a publicly traded company.
Tags: partners
energy
drop
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