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Cree pushes out new bulb amid impending restructuring
2015-06-30 21:33:58| Semiconductors - Topix.net
Even with a restructuring plan pending , Durham-based lighting giant Cree is pushing out new products from its Silicon Drive facility. This week, the firm announced another new product, dubbed the "Candelabra Bulb."
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Cree Stock Falls After Announced LED Business Restructuring
2015-06-25 16:43:38| Semiconductors - Topix.net
Cree said it will restructure its LED Products business to "reduce excess capacity and overhead to improve the cost structure moving forward," in response to recent LED market trends leading to higher price erosion than it expected. The company will also increase its LED reserves to reflect the more aggressive pricing environment in the current quarter and to factor in a more conservative price outlook for fiscal 2016.
Tags: business
stock
led
falls
UPDATE 1-General Mills to cut jobs under new restructuring plan
2015-06-25 15:53:52| Agriculture - Topix.net
General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, said it would cut 675-725 jobs in its international business under a new restructuring plan aimed at cutting costs and boosting growth. The company, like rivals ConAgra Foods Inc and Campbell Soup Co, has been struggling with sluggish U.S. sales of cereals and frozen foods as consumers shift to foods perceived as healthier.
Cree announces major LED restructuring plan
2015-06-25 02:19:58| Semiconductors - Topix.net
Durham LED maker Cree announced Wednesday that it is restructuring its LED products business - the unit that creates LEDs for everything from televisions to mobile phones. Via a company statement, Cree blames LED market trends that have resulted in "higher LED average selling price erosion" than what had been predicted, as well as "the continued under-utilization of Cree's LED factory."
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Hedge fund Elliott: Samsung Group must offer fair price for restructuring
2015-06-18 02:53:09| Chemicals - Topix.net
U.S. activist hedge fund Elliott said on Thursday South Korea's Samsung Group [SAGR.UL] should make a fair offer to Samsung C&T Corp ( Elliott, a Samsung C&T shareholder, said that while it "understands and is supportive" of the need for South Korea's largest conglomerate to restructure in relation to its ongoing succession process, Samsung Group should properly recognize Samsung C&T's value.
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