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Oil prices rise due to weaker dollar value

2015-06-02 01:00:00| Offshore Technology

Oil prices on have risen to weaker dollar value against the euro and other currencies.

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Dollar Tree divests 330 Family Dollar stores

2015-06-01 12:38:00| Daily apparel & textile news and comment - from just-style.com

Dollar Tree is to divest 330 Family Dollar stores to private equity firm Sycamore Partners to obtain antitrust approval for its US$8.5bn takeover of the retail chain.

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Crude oil prices drop due to strengthening dollar

2015-06-01 01:00:00| Offshore Technology

Prices of crude oil dipped on Monday due to an increase in the dollar value anticipation that the Organization of the Petroleum Exporting Countries (OPEC) countries will be keeping production high.

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Dollar General appoints Vasos as CEO

2015-05-29 12:05:56| Daily apparel & textile news and comment - from just-style.com

Dollar General has appointed COO Todd Vasos to the position of chief executive, succeeding retiring Rick Dreiling.

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Strong dollar chills Modine Manufacturing sales

2015-05-28 18:50:04| Automakers - Topix.net

A stronger U.S. dollar resulted in a 7 percent decline in fiscal fourth-quarter sales for Modine Manufacturing Co., though operating income increased 27 percent excluding the impact of an impairment charge in its South America segment and other expenses. Modine , a Racine-based manufacturer of radiators and other thermal management equipment, reported a fourth-quarter net loss, including charges and expenses, of $3.2 million, or 7 cents per share, compared with net income of $119.4 million, or $2.49 per share, in the same period the year before, which included an income tax benefit of $119.2 million during the fourth quarter of fiscal 2014 resulting from the reversal of the valuation allowance on certain U.S. deferred tax assets.

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