EVANSVILLE, Ind. _ Berry Plastics Group Inc. on Friday reported net income of $29 million in its fiscal fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share. Analysts expected $1.33 billion, according to Zacks.» Read More
OEP, which is 50 percent owned by JP Morgan, has received several expressions of interest from rival buyout groups such as CVC, Cinven, Permira and EQT valuing Constantia at about 2 billion euros, they added. JP Morgan has been retained as an adviser to manage the sale of the maker of aluminium foil, paper and plastic-film packaging and labels for the food,...
OEP, which is 50 percent owned by JP Morgan, has received several expressions of interest from rival buyout groups such as CVC and EQT valuing Constantia at about 2 billion euros, they added. JP Morgan has been retained as an adviser to manage the sale of the maker of aluminium foil, paper and plastic-film packaging and labels for the food, pharmaceutical and...
Robert Hanson's holding company last year acquired Venezuela's best-selling newspaper, Ultimas Noticias, despite its worsening financial results and stringent currency controls that have frequently left foreign companies unable to repatriate profits. Ultimas Noticias has named two ruling Socialist Party members to key posts, including former...
Dow Chemical said it was looking to cut fixed costs by $1 billion over the next three years, building on reductions that have helped boost margins.
Oct 22- Dow Chemical Co, the No. 1 U.S. chemical maker by sales, said it was looking to cut fixed costs by $1 billion over the next three years, building on reductions that have helped boost margins. Rival Dupont has said it plans to shave off $1 billion of annual costs by 2019.. Ethane crackers in North America could maintain their cost advantage status even at $80 oil,...
*Adjusted profit $0.72 per share vs est $0.68. *Revenue up 5 pct at $14.41 billion. Oct 22- Dow Chemical Co reported a better-than-expected profit as margins rose for the ninth straight quarter in its plastics business, its biggest, due to low raw material costs.
CHICAGO, Oct 13- The Kroger Co, the biggest U.S. supermarket operator, said on Monday it will remove the "humanely raised" claims from a store brand of chicken to settle a federal lawsuit claiming the retailer deceived consumers because the animals were raised under standard commercial farming conditions. Kroger and the lawyers for a California consumer filed a...
PARIS, Sept 25- France's health ministry on Thursday unveiled tough measures geared at stamping out smoking among young people, with a planned rollout of brandless cigarette packets and curbs on advertising for electronic cigarettes.
Gerry Wang, CEO of Seaspan, describes how the shipping industry has fared amid the global economic recovery.
AMSTERDAM/ BRUSSELS, Sept 1- Dutch brewer Heineken has agreed to sell its Mexican packaging business Empaque to Crown for $1.23 billion including debt, shedding a non-core business it acquired when entering the Mexican market in 2010..
Aug 25- Private equity firm Oak Hill Capital Partners said it would buy container maker Berlin Packaging LLC for $1.43 billion from Bahrain- based investment firm Investcorp Bank BSC. Chicago- based Berlin Packaging, founded in 1898, makes rigid plastic, glass and metal containers.
NEW YORK, Aug 6- TricorBraun Inc is planning a sale process that could value the provider of jars and bottles to the cosmetics, healthcare and food and drink industries at more than $1.3 billion, including debt, according to people familiar with the matter.
Aug 6- Apollo Global Management LLC said on Wednesday its second-quarter earnings fell 6 percent, missing most analysts' expectations, as it sold fewer of its private equity holdings while taxes and expenses rose. Blackstone Group LP, KKR& Co LP and Carlyle Group LP all posted bumper profits for the quarter.
July 29- International Paper Co, the largest corrugated box maker in North America, posted a higher-than-expected profit on Tuesday, citing slowly returning demand in the United States and Europe. For the second quarter, the company posted net income of $161 million, or 37 cents per share, compared with $259 million, or 57 cents per share, a year earlier.
*Strike has forced Toyota, GM, Ford to halt production. CAPE TOWN, July 16- South Africa's main manufacturing union, NUMSA, said it has agreed a plan of action to intensify a three-week strike over pay that has hit car makers and construction companies.
GLAXOSMITHKLINE RECALLS PAINKILLER IN PUERTO RICO@. July 14- GlaxoSmithKline Plc recalled about 10,600 bottles of its painkiller sold in Puerto Rico after finding the packaging was not child-resistant as required by the Poison Prevention Packaging Act.
Jonathan Windham, Head of Asia Ex-Japan Transport and Infrastructure Research at Barclays, says China rejected an alliance of three major liners in order to protect its domestic shippers.
NEW YORK, June 10- Buyout firm Odyssey Investment Partners LLC is exploring a sale of Ranpak Corp that could value the company, one of the world's largest producers of protective paper packaging materials, at close to $1 billion, according to people familiar with the matter.
CNBC's Bob Pisani and "Fast Money" trader Simon Baker discuss the Container Store as it surges on its first day of trading.
CNBC's Courtney Reagan reports high demand is expected for The Container Store once it goes public.