arvato services, one of Germanys leading logistics contractors, has acquired the logistics division of the insolvent ComBase group with immediate effect. The Karlstein-based company supplies distribution services to mobile communications providers, in particular to the Telefónica O2 Germany telecommunications group.
Clear sequential improvement in operating profit; third consecutive quarter of solid cash flow from operations – early cost cuts pay off
The New York Times Company announced today second-quarter 2009 operating profit of $23.3 million compared with $40.3 million in the second quarter of 2008.
Bemis Company, Inc. (NYSE:BMS) announced today that the public offering of 7,700,000 shares of its common stock has priced at $26.00 per share. The offering includes a 30-day option for the underwriters to purchase up to an additional 1,155,000 shares to cover over-allotments, if any.
The Board of Directors of The Coca-Cola Company elected Joseph Tripodi as executive vice president, Harry Anderson as senior vice president, Kathy Waller as controller and appointed Connie McDaniel as chief of Internal Audit.
Revenues of $7.9 billion on continued successful execution of the order backlog; $1 billion EBIT after ca. $120 million restructuring-related costs – EBIT margin at 13.2%; Orders down 27% in local currencies vs record Q2 in 2008 – base orders 25% lower; Cash from operations above $1 billion, net income at $675 million
ARC study states that automation services key to market growth
