CHICAGO _ Echo Global Logistics Inc. on Thursday reported fourth-quarter net income of $1.7 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share. Echo Global Logistics expects full-year revenue in the range of $1.8 billion to $1.88 billion.» Read More
NEW YORK, Oct 8- An aerospace supply chain manager now owned by KLX Inc and its former president have reached a $20 million settlement resolving U.S. government claims that it misrepresented itself as a woman-owned small business in order to obtain defense contracts. The settlement with UFC Aerospace LLC and the company's former president, Douglas Davis, was...
NEW YORK, Oct 8- An aerospace supply chain manager now owned by KLX Inc and its former president have agreed to pay $20 million to resolve U.S. government claims that it misrepresented itself as a woman-owned small business in order to obtain defense contracts. The settlement between the U.S. Justice Department, UFC Aerospace LLC and the company's former...
MONTREAL/ WASHINGTON/ PARIS, Oct 6- Airbus on Tuesday called off talks with Bombardier over propping up the troubled CSeries jet, leaving the Canadian plane maker facing dwindling options to keep alive its dream of competing in the aerospace big league. The latest blow to Bombardier, which has been trying to shore up its shrinking cash reserves for months, came...
Groceries from Google? You betcha! Overnight service expands to Indiana, Iowa, Michigan, Ohio and Wisconsin. Re/code reports.
Aug 27- Medical technology company Greatbatch Inc said it would buy privately owned Lake Region Medical for about $1.73 billion in cash and stock. Lake Region helps medical device makers with development, manufacturing and engineering services, finished device assembly and supply chain management services. The combined company will employ over 9,000 and...
Businesses can lower risk to their supply chains by setting up shop in these countries, a study says.
Satish Lele, Vice President of Frost & Sullivan, explains why the new features in the iPhone 6 are necessary and discusses how Asian suppliers will cope with the changes.
Steven Pelayo, Regional Head of Technology Research, Asia-Pacific at HSBC, explains why a low-cost launch for Apple is important at this point.
Oscar De Bok, CEO for South & Southeast Asia at DHL Supply Chain, talks to CNBC on how the firm is planning to expand its footprint in Indonesia through staff and fleet expansion.
John Sculley, Partner at Sculley Brothers and former CEO at Apple, says investors may be treating Apple's stock unfairly.
BOC Aviation, the aircraft leasing arm of Bank of China, has placed its largest ever order to buy 50 A320 family jets from Airbus at a list price of $5 billion.
Using data provided by the financial information firm Sageworks, CNBC.com shows which industries took the worst beating in 2009 and 2010.
A new Web-based portal has been created to help small businesses gain access to more than $300 billion in combined supply-chain spending by a consortium of 15 of America’s largest corporations.
In the current climate of tight credit and weak consumer demand, excess inventory can threaten the survival of both tiny companies and huge ones. Because of this, business owners are focusing on the exacting discipline of inventory management, the art of fine-tuning the mix of stock on hand to maximize profits.
Discussing how weak retail and high gas prices play into the markets right now, with Matthew McCormick, Bahl & Gaynor; David Katz, Matrix Asset Advisors; and Jan Kniffen, Jay Rogers Kniffen.
Economic reports could rule the markets Thursday, as investors get a fresh look at the jobs situation and the health of the housing market.
The Fed kicks off its two-day meeting, April consumer confidence data hits the tape, and the voice of Aflac's new duck just might be unveiled. But, earnings are the big story Tuesday. Here's what we're watching…
The craze for tablet computers has started to cannibalize sales of PCs. But with market leader Apple priced at nearly $330 a share, Taiwan's Hon Hai may be a cheaper way to gain exposure to this growth story, suggested a technology analyst.
Many companies outside Japan remain uncertain, or decline to say, whether supplies of crucial components from Japan will be interrupted, the New York Times reports.
Retail stocks continue on their slide as investors worry about the world's second largest consumer market. NetNet spoke with Brian Sozzi, a StarMine top-ranked Equity Research Retail analyst, about his outlook on the sector.