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Home » Business News
Business News
Monday 03. November 2008

Agfa-Gevaert reports third quarter results – Regulated information

Sales at 741 million Euro – Decrease of 6.0 percent (1.7 percent excluding currency effects) Effects of economic slowdown becoming more visible S G&A costs 14.9 percent lower versus last year’s third quarter Recurring EBIT at 27 million Euro versus 25 million Euro in third quarter of 2007 Strong impact of raw material costs and one-off elements Net financial debt at 723 million Euro versus 852 million Euro in the third quarter of 2007

Monday 03. November 2008

Multi-Color Wins Big, Frank Gerace Named ‘Converter of the Year’ and Becomes Chairman at TLMI 2008 Annual Meeting

At the recent Tag & Label Manufacturers Institute (TLMI) 75th Anniversary Annual Meeting, Multi-Color Corporation (NASDAQ:LABL) was honored with 8 first place and 3 second place awards for excellence in label printing.

Monday 03. November 2008

RICOH COMPLETES ACQUISITION OF IKON OFFICE SOLUTIONS, INC.

Ricoh Company, Ltd. (TSE: 7752, “RICOH”)(President & CEO: Shiro Kondo) announced that it completed its previously announced acquisition of IKON Office Solutions, Inc. (“IKON”) through RICOH’s wholly owned U.S. distribution subsidiary, Ricoh Americas Corporation (“RAC”) on October 31, 2008 (EST).

Monday 03. November 2008

WIFAG Polytype Group acquires L&P/Spuhl Digital Technologies

WIFAG Polytype Group announced the acquisition of Spuhl`s (Switzerland) Digital Printing activities and L&P Digital Technologies (USA) from Leggett & Platt. WIFAG Polytype, headquartered in Berne, Switzerland, is well-known in the graphics industry globally with more than 100 years of printing press manufacturing.

Monday 03. November 2008

The economic slowdown influences the Bobst Group order bookings

For several weeks, due to general economic slowdown, the Bobst Group is facing a decrease in order bookings in its three Business Areas: Folding Carton, Corrugated Board and Flexible Materials. This trend is observed in all regions of the world. In addition, the exchange rate evolution contributes to the turnover decrease (as of end of September, approximately CHF 50m).

Monday 03. November 2008

Bemis Company Names Ullem Vice President of Finance

Bemis Company, Inc. (NYSE: BMS) announced today that its Board of Directors has elected Scott Ullem as Vice President of Finance, reporting to Gene Wulf, Senior Vice President and Chief Financial Officer. Ullem joined Bemis earlier this month from Bank of America, where he was co-Head of Diversified Industries in Bank of America’s Global Corporate & Investment Banking Division.

Monday 03. November 2008

IBM Board Approves Quarterly Cash Dividend

The IBM (NYSE: IBM) board of directors today declared a regular quarterly cash dividend of $0.50 per common share, payable December 10, 2008, to stockholders of record November 10, 2008.

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