Business Support - Supplies
Martela Oyj Announces Change in Organization
Martela Oyj announced that it will combine sourcing, logistics and production units which are located in different countries into the same organization. The target is to improve the efficiency of the operations, harmonize the processes and to achieve volume and cooperation benefits. Petri Boman has been appointed as a director of the new Supply Chain Management organization. He will start his job on June 3, 2013. He will be a member of Group’s management team and will report to Heikki Martela. The arrangement will cause also other changes in Group’s management team. Jaakko Luhtasela, member of management team and responsible of Group Operations unit will continue, starting June 3, 2013, as a director of sourcing in Supply Chain Management organization. Martela Group’s management team will be: Heikki Martela (Chief Executive Officer, Acting director Business Unit Finland), Veli-Matti Savo (Business Unit International), Anders Olsson (Business Unit Sweden&Norway), Marcin Rutkowski (Business Unit Poland), Petri Boman (Supply Chain Management), Petteri Kolinen (Products and Communication), Sirpa Ontronen (HR), Markku Pirskanen (Chief Financial Officer).
Samyang Optics Co., Ltd. to Divest Optical Lens Business into Subsidiary
Samyang Optics Co., Ltd. announced that it will divest its optical lens business into a newly established wholly owned subsidiary. The transaction effective date and registration date are expected to be August 1, 2013 and August 5, 2013, respectively.
FISCO Ltd to Dissolve Subsidiary
FISCO Ltd announced that it has decided to dissolve a wholly owned subsidiary FISCO (BVI) Ltd., which has been engaged in investment and business consulting business in British Virgin Islands, in March 2013.
A T Cross Co Announces Strategic Alternatives for Cross Accessory Division
A T Cross Co announced that it is exploring strategic alternatives for its Cross Accessory Division. The Cross Accessory Division is a provider of Cross fine writing instruments and related products. A.T. Cross has engaged C.W. Downer & Co. to assist in its evaluation. A.T. Cross has not made a decision to pursue any specific transaction or any other strategic alternative, and there is no set timetable for the strategic review process.
ASKUL Corp Announces Dissolution of Subsidiary; Announces Uncollectible Receivables
ASKUL Corp announced that it has decided to dissolve its Shanghai-based wholly owned subsidiary, which engages in the product sale in China market. As a result, the Company announced uncollectible receivables with an amount of JPY 1,338 million from the subsidiary.
T&C Holdings Inc Announces Jobs Cut-off
T&C Holdings Inc announced that it has decided to cut four administrative jobs in the Company, two jobs in its domestic subsidiary as well as one job in its overseas-based subsidiary, effective January 24, 2013.
Everspring Industry Co Ltd to Dissolve Subsidiary
Everspring Industry Co Ltd announced that it will dissolve its 99%-owned subsidiary, EVERSPRING INDUSTRY CO., LTD., which is based in Bahamas.
ASKUL Corp to Merge with Subsidiary; Amends Consolidated Mid-year Forecast for FY 2013
ASKUL Corp announced that it has decided to merge with a wholly owned subsidiary, which is engaged in mail-order sales through Internet for individuals, effective February 21, 2013. The Company will be the surviving company and the subsidiary will be dissolved. The Company has lowered the consolidated mid-year forecast for revenue from JPY 111,000million to JPY 109,736 million, but raised the forecast for operating profit from JPY 3,200 million to JPY 3,550 million, ordinary profit from JPY 3,200 million to JPY 3,550 million, net profit from JPY 1,400 million to JPY 1,850 million and earning per share from JPY 25.89 to JPY 34.22 for the fiscal year ending May 20, 2013. The Company lowered the consolidated mid-year outlook due to cost cutting.
Martela Oyj's Martela A/S to Reorganize Operations; To Lay Off Eight People
Martela Oyj announced that the operations of Martela A/S, which is the Company's Danish subsidiary, will be transferred during the first quarter of 2013 to the local authorized distributor. the Company will concentrate on offering service for its key customers through local authorized distributor. Due to the arrangement the Company's amount of the personnel in Denmark will be decreased by eight person and the costs of the action, estimated to be EUR 0.4 million, will be booked to the final accounts of 2012.
Markets
- Sectors
- U.S.
- Europe
- Asia
Sector Summary
| Energy |  +0.89% |
| Basic Materials | +0.47% |
| Industrials | +0.05% |
| Cyclical Goods & Services |  -0.13% |
| Non-Cyclical Goods & Services | -0.75% |
| Financials | -0.19% |
| Healthcare | -0.53% |
| Technology | +0.11% |
| Telecoms | -0.72% |
| Utilities | -0.18% |
| DOW | 15,335.28 | -19.12 |
-0.12% |
| S&P 500 | 1,666.29 | -1.18 |
-0.07% |
| NASDAQ | 3,496.43 | -2.53 |
-0.07% |
| TR US Index | 151.23 | -0.07 |
-0.05% |
Analyst Research
| Report Title | Price |
|---|---|
|
Provider: Edison Investment Research
|
$10.00
|
|
Provider: Edison Investment Research
|
$10.00
|
|
Provider: Edison Investment Research
|
$10.00
|
|
Provider: Bohai Securities Co.,Ltd.
|
$92.00
|
|
Provider: ICICI Direct
|
$10.00
|
NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
