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Materials and Metals Containers and Packaging

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  • SEOUL, July 29- An ugly fight among Lotte Group founding family members for control of the conglomerate's holding company sent shares in group firms jumping on Wednesday as investors bet the founder's sons would seek to boost their stakes. Whether younger son Shin Dong- bin, 60, will be able to maintain his grip on Lotte Holdings remains uncertain as the father...

  • FRANKFURT, July 28- German drugs packaging firm Gerresheimer has agreed to buy U.S. plastic vial maker Centor for $725 million in cash, giving it a leading position in the world's biggest drugs market and lifting its shares to an all-time high. Shares in Gerresheimer jumped more than 15 percent to 65.33 euros, valuing the company at 2.05 billion euros.

  • Gerresheimer buys U.S. plastic vials maker Centor Tuesday, 28 Jul 2015 | 6:44 AM ET

    FRANKFURT, July 28- German drugs packaging firm Gerresheimer has agreed to buy U.S. plastic vial maker Centor for $725 million in cash, giving it a leading position in the world's biggest drugs market and lifting its shares to an all-time high. Shares in Gerresheimer jumped more than 15 percent to 65.33 euros, valuing the company at 2.05 billion euros.

  • *Kering, Statoil up on encouraging company updates. LONDON, July 28- European shares bounced back on Tuesday, lifted by strong company results and news of acquisitions after falling in the previous five sessions on concerns over China's growth. RSA Insurance Group surged 11.3 percent after Zurich Insurance said it was weighing up a bid for the British group with...

  • Taiwan stocks down, in line with regional bourses Sunday, 26 Jul 2015 | 10:03 PM ET

    TAIPEI, July 27- Taiwan stocks fell on Monday, in line with regional markets and Wall Street, ahead of a Federal Reserve rate meeting later this week. Leading chipmakers including world's No.1 chip packaging and testing firm Advanced Semiconductor Engineering Inc and memory chip maker Inotera Memories Inc led declines, falling 2.5 and 2.89 percent,...

  • U.S. House committee approves anti-GMO labeling law Tuesday, 14 Jul 2015 | 4:54 PM ET

    July 14- U.S. food companies and other opponents of genetically modified food labeling notched a key victory on Tuesday as the House Agriculture Committee approved a measure banning mandatory labeling as well as local efforts to regulate genetically engineered crops. "This... legislation will ensure that Americans have accurate, consistent information...

  • The FDA set a national standard for restaurant chains with 20 or more outlets late in 2014, to raise awareness about the risk of obesity posed by fatty, sugary foods as part of the Affordable Care Act. The labeling of combo-meals, promotional items, and how the FDA plans to enforce the rule are other areas of uncertainty, she added. At the time of publication in...

  • TCS opens up on earnings Wednesday, 8 Jul 2015 | 8:00 AM ET
    TCS opens up on earnings

    The Container Store's Q1 earnings were better than expected.

  • Don't worry, you can still pop the new Bubble Wrap Thursday, 2 Jul 2015 | 3:09 PM ET
    Bubble Wrap

    Bubble Wrap has been a packaging staple since the '60s, but now the company behind it is making some big changes.

  • NEW YORK, June 23- New York has fined four makers of liquid nicotine used in electronic cigarettes over packaging that was too easy for children to open, in violation of a law enacted last year after a toddler died from ingesting the substance, the state's top prosecutor said on Tuesday. New York Attorney General Eric Schneiderman announced a settlement with four...

  • SHANGHAI, May 28- Zhuhai Zhongfu Enterprise Co. Ltd, a Chinese bottle manufacturer, is poised to become the fourth firm to publicly default in China's onshore bond markets today. The firm has not raised sufficient funds to fully repay principal and interest due to investors on May 28, company statements posted on the Shenzhen Stock Exchange website on May 27...

  • May 13- Owens-Illinois Inc, which makes bottles for Corona and Pepsi, is to buy Mexico's Vitro SAB's glass container business for about $2.15 billion to strengthen its operations in a country that houses numerous distilleries and bottlers. Mexico houses operations for Diageo, Heineken, Corona maker Constellation Brands Inc as well as bottling operations for...

  • MONTREAL, May 1- A United Nations civil aviation-led panel on Friday called for improved, fire-resistant packaging to ship lithium batteries, which pilots and plane makers say pose a fire risk. The International Civil Aviation Organization's dangerous goods panel agreed this week to set up a group of experts to develop safer packaging for the transport of...

  • MEXICO CITY, April 30- Mexican retailer and bottling company Femsa on Thursday said its first-quarter profit rose 26 percent compared with a year earlier, boosted by store openings in its retail division and a one-time gain from its stake in Heineken. The company, which co-owns Coke bottler Coca-Cola Femsa and operates the Oxxo chain of convenience stores,...

  • The FDA issued the guidelines to help clarify what changes require regulatory approval under the 2009 Tobacco Control Act. The guidelines go far beyond that authority, the plaintiffs said, by requiring FDA authorization to make any labeling changes that would render a product already on the market "distinct," like a name change. Although the FDA has framed the...

  • CARACAS, March 13- Venezuela said on Friday it has started the process of filing for the annulment of an award that orders the South American country to pay U.S. bottle maker Owens-Illinois $455 million in compensation for nationalizations. Seeking an annulment will automatically stay the award, Venezuela added, buying the cash-strapped OPEC nation time as it...

  • CARACAS, March 12- U.S. bottle maker Owens-Illinois said on Thursday it had been awarded over $455 million in a nationalization claim against Venezuela, though a lawyer for the South American country said it was likely to seek an annulment. "If Venezuela fails to meet its obligations, OIEG will seek to enforce the award against Venezuela's assets around the world...

  • CARACAS, March 12- U.S. bottle maker Owens-Illinois said on Thursday it had been awarded over $455 million in an arbitration claim against Venezuela for the nationalization of its subsidiary's operations in 2010.. "If Venezuela fails to meet its obligations, OIEG will seek to enforce the award against Venezuela's assets around the world or find alternative...

  • International Paper misses 4Q profit forecasts Wednesday, 28 Jan 2015 | 11:32 AM ET
    An International Paper Co. employee stacks corrugated boxes on the floor of the company's factory in Mt. Carmel, Pennsylvania.

    International Paper on Wednesday reported fourth-quarter earnings of $134 million.

  • The Container Store frustrated by mid-year traffic Monday, 12 Jan 2015 | 3:27 PM ET
    The Container Store frustrated by mid-year traffic

    Newly elected to NRF's board of directors, Kip Tindell, The Container Store CEO, discusses trouble with traffic in stores in Q2 and Q3. National Retail Federation CEO Matthew Shay, weighs in.