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Sony to raise JPY 440 bln in share, bond sales
2015-06-30 15:34:00| Telecompaper Headlines
(Telecompaper) Sony has announced plans to raise JPY 440 billion from the issue of shares and convertible bonds in order to invest in its mid-term strategy and especially its devices business. The offering will include up to 87.2 million common shares for Japanese and international investors, to be priced later in July at up to 10 percent less than the most recent closing share price, and JPY 120 billion in zero-coupon convertible bonds due in September 2022. Sony said it expects net proceeds of JPY 321 billion from the share issue, assuming the over-allotment is exercised, based on its closing share price of 24 June of JPY 3,820 plus a small discount. The bond issue should raise JPY 119 billion after underwriting costs. From the share sale proceeds, it plans to use JPY 188 billion for capital expenditure at its Devices division, and the remainder for R&D at Devices. In particular, it will focus on increasing production capacity and R&D in stacked CMOS image sensors, used in its own and other manufacturers' phones and cameras. Another JPY 51 billion from the bond issue will go to Devices capex, JPY 25 billion to redeem corporate bonds coming due and the remainder to pay off later debt.
NETZSCH Pumps North America, LLC Announces Lucas Love, Southeast Region Sales Manager
2015-06-30 12:31:06| Industrial Newsroom - All News for Today
NETZSCH PUMPS NORTH AMERICA, LLC (Exton, PA) recently promoted Lucas Love to Regional Sales Manager for the Southeast Region of the US. He is responsible for supporting our Industrial and Municipal sales channel partners in Florida, Georgia, Alabama, South North Carolina and Eastern Tennessee. Mr. Love will be...
Salesforce.com Sales Cloud Professional Edition
2015-06-30 10:03:37| PC Magazine: New Product Reviews
If you're willing to pay top dollar, Salesforce.com gives SMBs a mature, robust, highly customizable CRM platform that's second to none in performance.
Tags: sales
professional
edition
cloud
Johnson & Johnson's New Drug Invega Trinza Will Help Drive Pharma Sales
2015-06-30 07:37:38| Biotech - Topix.net
Johnson & Johnson is launching the new Invega Trinza antipsychotic drug, which only needs to be taken four times a year. Together with the highly successful Invega Sustenna, Invega Trinza can help drive sales of J&J's pharma segment, which was the best performer of the company in Q1 2015.
Tags: sales
drive
drug
johnson
US apparel retailers reported 2% sales growth in 2014
2015-06-30 07:23:11| Footwear - Topix.net
One of the biggest factors impacting the apparel and footwear industry in 2014 was an exceptionally discount heavy schedule, which was used to draw consumers into stores. Sales in the years immediately following the recession were boosted by a build-up in demand, but this has largely been satiated and consumers are now shifting to purchasing higher-cost... Value and individualism were top priorities for apparel consumers in 2013 and they proved this with their spending habits.
Tags: sales
reported
growth
apparel
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