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A New Spin on Cleaning - Pac-Vac Aircomfort Backpack Vacuum Cleaner

2015-02-04 11:32:13| Industrial Newsroom - All News for Today

Working with Deuter, leaders in making backpacks for mountain climbing, Tornado has redesigned backpack vacuum cleaner harnesses so that they are exceptionally comfortable. You'll feel the comfort the first time you put on Tornado's Pac-Vac Aircomfort Backpack. This specially made harness is also breathable. Air...

Tags: cleaning spin cleaner vacuum

 

Yahoo to spin off Alibaba stake in separate company

2015-01-28 08:40:00| Telecompaper Headlines

(Telecompaper) Yahoo announced plans to spin off its stake in Alibaba to shareholders. It will create a separately listed public company for its 35.5 percent stake in the Chinese e-commerce group and distribute shares in the company pro rata to Yahoo shareholders. The Alibaba shares were worth around USD 40 billion based on the company's share price the day before the announcement. The tax- and debt-free proposal is expected to reduce pressure on Yahoo to monetise its stake in Alibaba. The company made the announcement alongisde fourth-quarter results showing revenues of USD 1.25 billion, down slightly from USD 1.26 billion a year earlier. CEO Marissa Mayer said the growing share of mobile sales was helping to stabilise results. Mobile revenues increased 23 percent from the previous quarter to USD 254 million. Operating profit declined to USD 32 million from USD 174 million, and adjusted EBITDA fell to USD 409 million from USD 478 million. Net earnings in the quarter dropped to USD 166 million or USD 0.17 per share, from USD 348 million of USD 0.33 per share a year ago.

Tags: company yahoo separate spin

 
 

Is a PepsiCo Spin Off Coming?

2015-01-27 02:30:10| Beverages - Topix.net

PepsiCo is a global powerhouse in the snack and beverage business. The company boasts a plethora of brand names that are recognizable anywhere in the world.

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Hon Hai To Spin Off Chip Packaging Unit

2015-01-22 05:22:54| Semiconductors - Topix.net

Hon Hai, a major assembler of Apple's products, is still struggling to grow its gigantic manufacturing empire. To boost the valuation of its operations, the company has been spining off its various component operations.

Tags: unit packaging chip hai

 

MeadWestvaco plans to spin off specialty chemicals business

2015-01-08 14:46:34| Industrial Machines - Topix.net

"The separation of specialty chemicals will establish two strong companies that are better positioned to compete and profitably grow in their targeted markets," Chairman and CEO John A. Luke Jr. said in a statement on Thursday. MeadWestvaco also provides packaging for brands in the health care, beauty and personal care, food, beverage, home and garden, tobacco and agricultural industries.

Tags: business plans specialty spin

 

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