Cree, a market leader in LED lighting, today announced revenue of US $436 million for its second quarter of fiscal 2016, ended December 27, 2015. This represents a 5% increase compared to revenue of $413 million reported for the second quarter of fiscal 2015, and a 2% increase compared to the first quarter of fiscal 2016. GAAP net income for the…
Elections in Portugal last October returned a parliament narrowly divided between the incumbent center-right coalition Portugal Ahead, composed of the conservative People’s Party and the centrist Social Democratic Party, and a new center-left and left-wing majority divided between four parties: the Socialist Party with 32 percent of the vote, the Communist Party with 8 percent,…
By Rishi Mehra It is common to have debt in some form or the other and it is not bad to have them. However, there may come a time when runaway debt may cause problems and you may need professional help. A look at some scenarios that can indicate you need help to tackle your…
Arctic oil shipper Primorsk International Shipping Ltd. filed for chapter 11 protection with a deal with bondholders in hand. The Wall Street Journal has the Daily Bankruptcy Review article here. (Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews,…
Stonewood Homes managing director and found Brent Mettrick says the closure of franchises in Marlborough and Hamilton is not indicative of a wider endemic. Stonewood Homes Marlborough has gone into liquidation, with debts of more than $1 million. The franchise of nationwide construction company Stonewood Homes went into liquidation last year, appointing Biz Rescue chartered…
Jan. 19, 2016 4:45 p.m. ET A year ago, when the worlds elite last met in Davos, Europe itself appeared to have survived a series of threats to its cohesion. The launch of the European Central Banks quantitative-easing program looked set to underpin a modest recovery. Banks had bulked up on capital. A newly installed…