International Business News - Basic Materials http://www.ibtimes.com/rss/feed/basicmaterials.rss All articles are copyrighted by IBTimes.com 120 30 http://www.ibtimes.com/rss/feed/basicmaterials.rss http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of printing-equipment maker Duoyuan Printing Inc fell in their market debut on Friday after pricing at the low end of expectations. http://www.ibtimes.com/articles/20091106/duoyuan-printing-shares-fall-debut.htm http://www.ibtimes.com/articles/20091106/duoyuan-printing-shares-fall-debut.htm Fri, 06 Nov 2009 20:29:07 EST Solar company STR Holdings Inc priced its initial public offering of 12.3 million shares at $10 a share on Friday, below the target range and a day later than expected. http://www.ibtimes.com/articles/20091106/str-holdings-ipo-prices-below-range-10.htm http://www.ibtimes.com/articles/20091106/str-holdings-ipo-prices-below-range-10.htm Fri, 06 Nov 2009 12:16:46 EST Suncor Energy Inc's third-quarter operating profit fell 64 percent as oil and gas prices sank in its first quarterly reporting period including results from Petro-Canada assets it acquired in August. http://www.ibtimes.com/articles/20091106/suncor-q3-profit-falls-on-lower-oil-gas-prices.htm http://www.ibtimes.com/data/articleimgs/223624-suncor-q3-profit-falls-on-lower-oil-gas-prices.jpg http://www.ibtimes.com/articles/20091106/suncor-q3-profit-falls-on-lower-oil-gas-prices.htm http://www.ibtimes.com/articles/20091106/suncor-q3-profit-falls-on-lower-oil-gas-prices.htm Fri, 06 Nov 2009 04:18:50 EST Kraft Foods Inc, which has secured a $9 billion bridge loan backing an expected bid for UK confectioner Cadbury, has been contacted by more banks keen to join the deal, senior bankers said on Wednesday. http://www.ibtimes.com/articles/20091104/banks-keen-join-kraftsbln-acquisition-loan.htm http://www.ibtimes.com/articles/20091104/banks-keen-join-kraftsbln-acquisition-loan.htm Wed, 04 Nov 2009 17:03:20 EST Kraft Foods Inc faces a tougher task winning over Cadbury Plc shareholders after disappointing results reinforced the view that it will formalize its existing offer for the British chocolatier next week rather than present a higher bid. http://www.ibtimes.com/articles/20091104/kraft-faces-tougher-cadbury-pitch-bid-seen-monday.htm http://www.ibtimes.com/data/articleimgs/223470-kraft-faces-tougher-cadbury-pitch-bid-seen-monday.jpg http://www.ibtimes.com/articles/20091104/kraft-faces-tougher-cadbury-pitch-bid-seen-monday.htm http://www.ibtimes.com/articles/20091104/kraft-faces-tougher-cadbury-pitch-bid-seen-monday.htm Wed, 04 Nov 2009 16:49:00 EST U.S. food group Kraft will be willing to pay only 800 pence a share for Cadbury after Kraft's CEO cautioned on overpaying for the British confectionery group, Investec Securities said on Wednesday. http://www.ibtimes.com/articles/20091104/kraft-will-only-pay-800p-share-cadbury-investec.htm http://www.ibtimes.com/data/articleimgs/223449-kraft-will-only-pay-800p-share-for-cadbury-investec.jpg http://www.ibtimes.com/articles/20091104/kraft-will-only-pay-800p-share-cadbury-investec.htm http://www.ibtimes.com/articles/20091104/kraft-will-only-pay-800p-share-cadbury-investec.htm Wed, 04 Nov 2009 12:57:17 EST Fertilizer maker Terra Industries Inc rejected a sweetened $4.1 billion takeover bid from rival CF Industries Holdings Inc on Wednesday in the latest twist in a takeover battle going on since January. http://www.ibtimes.com/articles/20091104/terra-industries-rejects-sweeter-bid-from-rival-cf.htm http://www.ibtimes.com/articles/20091104/terra-industries-rejects-sweeter-bid-from-rival-cf.htm Wed, 04 Nov 2009 10:42:52 EST EU soybean and soymeal imports are unlikely to return to normal levels despite the EU's decision on Friday to authorise three maize types containing genetically-modified organisms (GMOs), industry associations said on Monday. http://www.ibtimes.com/articles/20091102/gmo-approvals-wont-unblock-eu-soybean-imports-trade.htm http://www.ibtimes.com/articles/20091102/gmo-approvals-wont-unblock-eu-soybean-imports-trade.htm Mon, 02 Nov 2009 10:14:51 EST It's an expensive lesson on the importance of reading your mail. http://www.ibtimes.com/articles/20091028/pepsico-learns1-26-billion-lesson-over-misplaced-letter.htm http://www.ibtimes.com/data/articleimgs/223195-pepsico-learns1-26-billion-lesson-over-misplaced-letter.jpg http://www.ibtimes.com/articles/20091028/pepsico-learns1-26-billion-lesson-over-misplaced-letter.htm http://www.ibtimes.com/articles/20091028/pepsico-learns1-26-billion-lesson-over-misplaced-letter.htm Wed, 28 Oct 2009 17:20:02 EDT Building materials maker Owens Corning posted a quarterly profit that beat analysts' expectations, helped by lower costs, sending its shares up as much as 6 percent. http://www.ibtimes.com/articles/20091028/owens-corning-q3-earnings-beat-street-shares-rise.htm http://www.ibtimes.com/articles/20091028/owens-corning-q3-earnings-beat-street-shares-rise.htm Wed, 28 Oct 2009 11:37:47 EDT The Brazilian unit of French commodities group Louis Dreyfus said on Tuesday it agreed to take over Brazilian firm Santelisa Vale to create the world's second largest sugar cane processor. http://www.ibtimes.com/articles/20091027/dreyfus-takes-over-brazils-santelisa-plans-ipo.htm http://www.ibtimes.com/articles/20091027/dreyfus-takes-over-brazils-santelisa-plans-ipo.htm Tue, 27 Oct 2009 18:08:32 EDT U.S. soft drinks maker PepsiCo Inc won European Union regulatory approval on Tuesday to buy bottlers Pepsi Bottling Group Inc and PepsiAmericas Inc, deals that will help it cut costs and boost profits. http://www.ibtimes.com/articles/20091027/pepsico-wins-eu-approval-buy-two-bottlers.htm http://www.ibtimes.com/data/articleimgs/223059-pepsico-wins-eu-approval-to-buy-two-bottlers.jpg http://www.ibtimes.com/articles/20091027/pepsico-wins-eu-approval-buy-two-bottlers.htm http://www.ibtimes.com/articles/20091027/pepsico-wins-eu-approval-buy-two-bottlers.htm Tue, 27 Oct 2009 10:39:35 EDT The judge overseeing the bankruptcy of chemicals maker Lyondell Chemical Co approved a motion to appoint an examiner to review a portion of the company's reorganization." http://www.ibtimes.com/articles/20091026/examiner-be-appointed-lyondell-judge.htm http://www.ibtimes.com/articles/20091026/examiner-be-appointed-lyondell-judge.htm Mon, 26 Oct 2009 19:26:14 EDT Cadbury Plc investor Mario Gabelli has given further encouragement to Kraft Foods Inc that a bid for the British confectioner could succeed if pitched around 820 pence. http://www.ibtimes.com/articles/20091026/cadbury-investor-mario-gabelli-lends-credence-kraft-bid.htm http://www.ibtimes.com/data/articleimgs/222985-cadbury-investor-mario-gabelli-lends-credence-to-kraft-bid.jpg http://www.ibtimes.com/articles/20091026/cadbury-investor-mario-gabelli-lends-credence-kraft-bid.htm http://www.ibtimes.com/articles/20091026/cadbury-investor-mario-gabelli-lends-credence-kraft-bid.htm Mon, 26 Oct 2009 10:30:35 EDT Utility company Duke Energy Corp said it agreed to develop commercial solar power projects in the United States with ENN Group, a private Chinese energy company. http://www.ibtimes.com/articles/20091024/duke-energy-chinas-enn-build-solar-power-projects.htm http://www.ibtimes.com/data/articleimgs/222943-duke-energy-chinas-enn-to-build-solar-power-projects.jpg http://www.ibtimes.com/articles/20091024/duke-energy-chinas-enn-build-solar-power-projects.htm http://www.ibtimes.com/articles/20091024/duke-energy-chinas-enn-build-solar-power-projects.htm Sat, 24 Oct 2009 16:24:39 EDT Shares in Dole Food Co Inc, the world's largest producer and seller of fresh fruits and vegetables, edged down in their debut on Friday on the New York Stock Exchange after its initial public offering priced below expectations. http://www.ibtimes.com/articles/20091023/dole-food-edges-down-debut.htm http://www.ibtimes.com/articles/20091023/dole-food-edges-down-debut.htm Fri, 23 Oct 2009 11:20:41 EDT South Korea ended a frustrating losing streak in overseas resource deals with the agreed $1.7 billion takeover of Canada's Harvest Energy Trust, securing oil and gas reserves but also taking on an aging refinery in need of significant investment. http://www.ibtimes.com/articles/20091023/south-korea-wins-biggest-energy-deal-with-canadas-harvest.htm http://www.ibtimes.com/articles/20091023/south-korea-wins-biggest-energy-deal-with-canadas-harvest.htm Fri, 23 Oct 2009 10:58:17 EDT Xerox Corp's quarterly profit was halved, underscoring the slowdown in office equipment spending, although cost cuts helped the company beat Wall Street expectations, sending shares up 4 percent. http://www.ibtimes.com/articles/20091022/xerox-profit-beats-estimates-shares-risepct.htm http://www.ibtimes.com/data/articleimgs/222827-xerox-profit-beats-estimates-shares-risepct.jpg http://www.ibtimes.com/articles/20091022/xerox-profit-beats-estimates-shares-risepct.htm http://www.ibtimes.com/articles/20091022/xerox-profit-beats-estimates-shares-risepct.htm Thu, 22 Oct 2009 14:09:02 EDT Nestle SA, the world's biggest food group, met forecasts with nine-month organic sales growth of 3.6 percent after a disappointing first-half 3.5 percent, and upped its share buyback. http://www.ibtimes.com/articles/20091022/nestlemonth-organic-sales-line-ups-buyback.htm http://www.ibtimes.com/data/articleimgs/222786-nestlemonth-organic-sales-in-line-ups-buyback.jpg http://www.ibtimes.com/articles/20091022/nestlemonth-organic-sales-line-ups-buyback.htm http://www.ibtimes.com/articles/20091022/nestlemonth-organic-sales-line-ups-buyback.htm Thu, 22 Oct 2009 02:57:34 EDT Cadbury beat sales forecasts and raised targets in a bumper third-quarter trading report, pushing up its shares and pressuring suitor Kraft to come up with a bigger bid to win its takeover battle. http://www.ibtimes.com/articles/20091021/cadburys-bumper-puts-pressure-on-suitor-kraft.htm http://www.ibtimes.com/data/articleimgs/222728-cadburys-bumper-puts-pressure-on-suitor-kraft.jpg http://www.ibtimes.com/articles/20091021/cadburys-bumper-puts-pressure-on-suitor-kraft.htm http://www.ibtimes.com/articles/20091021/cadburys-bumper-puts-pressure-on-suitor-kraft.htm Wed, 21 Oct 2009 11:09:08 EDT