American Dollar to Canadian Dollar = 0.820847 American Dollar to Chinese Yuan = 0.161379 American Dollar to Euro = 1.081560 American Dollar to Japanese Yen = 0.008426 American Dollar to Mexican Peso = 0.065925
The world’s main energy agencies in recent days have said production in the U.S. is showing signs of falling. The Organization of the Petroleum Exporting Countries said U.S. output would decline in the third quarter, while the U.S. Energy Information Administration released data showing the second drop in weekly oil production in three weeks. Prices surged to a fresh high for the year on Thursday after the OPEC data were released. While some see positive signs in the figures, others believe the oil surplus is set to continue for some time, keeping prices lower.
Gap Inc. (NYSE: GPS) today applauded the introduction of the Bipartisan Congressional Trade Priorities and Accountability Act of 2015, bipartisan legislation to modernize and renew Trade Promotion Authority (TPA), and enable a robust trade agenda to bolster U.S. economic growth and competitiveness. The legislation would help open the door to new markets for U.S. goods and services, help level the playing field for American retailers, and support well–paying U.S. Jobs. "Trade is vital to the global competitiveness of Gap Inc., and supports more than 110,000 Gap Inc. employees across the United States," said Sonia Syngal, executive vice president of global supply chain and product operations, Gap Inc.
First Quarter Highlights *Income per diluted share $0.32; Before Certain Items $0.53, including $0.06 of unfavorable currency translation impact *Global beverage can volumes grew 4% versus 2014; food can volumes grew 17% *Empaque acquisition completed on February 18, 2015 *Mivisa and Empaque integrations progressing as planned
Detroit-based Allied Printing recently installed an HP T300 color inkjet web press and an HP Indigo 10000 digital press to reinvigorate its digital printing capabilities and address customer demand for more relevant, customized marketing materials. With the new presses, Allied Printing will be able to convert much of its work from static offset and commodity print to more high-value applications, offering its customers mass customization, exceptional color and faster turnaround times.
Enhance the way your business interacts and engages with consumers through mail. USPS® promotes the best practices for integrating direct mail with mobile technology, and offers promotions and incentives to help you continuously invest in the future of your business. During the Earned Value Promotion, business mailers who use Business Reply Mail (BRM) and Courtesy Reply Mail (CRM) enclosurers can receive earned credits that can be applied to future mailings of First-Class Mail® Presort and Automation cards, letters, and flats, and Standard Mail® letters and flats. The Color Transpromo Promotion will provide upfront postage discounts to mailers who use dynamic color print for marketing and consumer messages on their bills and statements.
Jack Sanders, president and chief executive officer, announced Sonoco will spend approximately $20 million to purchase a new triplex laminator and rotogravure printing press. The new laminator will be placed in the Company's Franklin, Ohio, plant and encompasses the very latest in three-layer lamination technology to produce high-quality laminates with minimum material waste, across a wide range of flexible substrates with varying thicknesses and a variety of adhesive systems. The investment supports Sonoco's growth in the hot-fill pouch market and sophisticated lamination structures. The new 11-color rotogravure press is based on the latest advances in registration control to allow for quick changeovers, thus improving production speeds and reducing waste while driving energy efficiency. The new press will be placed in the Company's Waco, Texas, plant and drive market growth using Sonoco's patented easy-open and reclose technology. Both the triplex laminator and rotogravure press are being purchased from Bobst Corporation and are targeted for startup in the second quarter of 2016.
Excel Displays & Packaging, an Aurora, IL-based designer and producer of award-winning displays, signage and packaging, is expanding its retail printing capabilities with the HP Scitex 15500 Corrugated press. With this installation, Excel expects to achieve ultra-efficient, high-quality production of corrugated applications, such as point-of-purchase (POP) displays and short-run packaging. Introduced at the 2015 ISA Sign Expo, the HP Scitex 15500 Corrugated Press helps converters digitally print high-value corrugated applications. The press offers automated stack-to-stack, hands-free operation, the HP Scitex Corrugated Grip that prints on warped boards and HP HDR230 Scitex Inks for paper board applications, driving down costs and improving the digital break-even point. With the new press, Excel is poised to grow its business with the flexibility of digital and an optimized production floor.
Brazil has become the first jurisdiction worldwide to permit the commercial use of FuturaGene’s genetically engineered eucalyptus. The Brazilian National Technical Commission on Biosafety (CTNBio) approved the commercial use of the yield-enhanced eucalyptus developed by FuturaGene. According to the company, field experiments conducted since 2006 at various locations in Brazil have demonstrated an approximate 20% increase in yield compared to its equivalent conventional variety. The company says this approval represents the most significant productivity milestone for the renewable plantation forest industry since the adoption of clonal technology in the early 1990s. This approval enables the production of more fiber using less resources.
Sonoco, one of the largest diversified global packaging companies, today reported financial results for its first quarter ending March 29, 2015. First Quarter Highlights * First quarter 2015 GAAP earnings per diluted share were $.86, compared with $.50 in 2014. * Favorable disposition of a significant portion of Fox River-related environmental claims/litigation together with a gain on the sale of two metal ends and closures plants, partially offset by costs related to acquisition and restructuring activities, added $.30 to first quarter diluted earnings per share. First quarter 2014 GAAP results included after-tax charges of $.02 per diluted share related to restructuring. * Base net income attributable to Sonoco (base earnings) for first quarter 2015 was $.56 per diluted share, compared with $.52 in 2014. (See base earnings definition and reconciliation later in this release.) Sonoco previously provided first quarter base earnings guidance of $.56 to $.61 per diluted share. * First quarter 2015 net sales grew 1.5 percent to $1.20 billion up from $1.19 billion in 2014.