Seiko Epson Corp. (Epson) today announced an extraordinary loss on a write-down of shares in a subsidiary company in its non-consolidated earnings for the fiscal year ended March 31, 2008.
BASF announced today that it has signed a definitive agreement to sell its manufacturing facility in Shreveport, Louisiana and the related contract manufacturing business for finished pharmaceuticals to Dr. Reddys Laboratories, an international pharmaceutical company headquartered in Hyderabad, Andhra Pradesh, India. Both parties agreed not to disclose financial details of the transaction, which is expected to close today.
Seiko Epson Corporation (the “Company”) decided at its board of directors meeting held on April 30, 2008 to establish a basic policy regarding the persons who control decisions on the Company’s financial and business policies (defined in the main text of Article 127 of the Enforcement Regulations of the Corporation Law
Xerox Corporation (NYSE: XRX) closed today on a $400 million offering of senior unsecured notes due in 2013 bearing a fixed rate coupon of 5.65 percent, and a $1 billion offering of senior unsecured notes due in 2018 and bearing a fixed rate coupon of 6.35 percent.
Seiko Epson Corp. (Epson) today proposed the following executive changes at a meeting of its board of directors. The changes are subject to approval at the company’s annual general meeting, board meeting and board of statutory auditors meeting to be held on June 25, 2008.
Catalyst Paper posted a net loss of $37.4 million ($0.17 per common share) on sales of $399.5 million in the first quarter of 2008. This compared to net earnings of $12.4 million ($0.06 per common share) on sales of $381 million in the last quarter of 2007 – results that largely reflected favourable tax adjustments – and to a net loss of $25.6 million ($0.12 per common share) on sales of $478.1 million for the same period in 2007.
At a meeting of its board of directors, Seiko Epson Corp. (Epson) today determined the following changes to its lineup of executive officers. The changes will take effect on June 25, 2008.
