A2 Milk, the Auckland based company that markets milk with different protein variants which is supposed to have health benefits is planning to raise $43 million via a share placement and purchase plan. Few months back the company shelved its plans of raising equity at a time the largest of its shareholders articulated interest of a full takeover.
Darrell Read, a resident of Wellington, New Zealand has been charged for offering one of his colleagues in England "copious amounts of curry" in lieu of helping fix the London Interbank Offered Rate or the LIBOR rate, says reports of his trail in London.
Read, along with five other co-accused are on trial for allegedly scheming to influence LIBOR rates with the convicted trader Tom Hayes.
Solid Energy, plans to shutter the Huntly East mine which has been unprofitable for a while and that would mean laying off sixty five staff out of the sixty eight. The decision was taken after the after administration realized that there was "no chance whatsoever" of finding a buyer for the site.
On Tuesday, San Francisco Bay Area based specialty coffee roaster and retailer Peet's Coffee & Tea said that it will buy Stumptown Coffee Roasters, a Portland, Oregon, based company that specializes in cold brew coffee. This surely is good news for the coffee enthusiasts.
Till Tuesday, Macdonald's all over the US had a fixed time for its breakfast menus like Egg McMuffin, sausage biscuits and other breakfast foods and that was 4 a.m. to 10:30 a.m. But, that's not the case anymore. Now, they are available all day long. But what took the fast food chain so long to take the decision?
On Monday, the iconic and the largest "Made in the U.S.A" fashion brand of the country, American Apparel, filed for Chapter 11 bankruptcy protection. Deep in debts and surplus inventory along with millions of legal liability linked to its founder Dov Charney, the company had been struggling to stay afloat.