News Archive

4/10/2012 5:45 PM ET (RTTNews) – Aluminum producer Alcoa, Inc. (AA: News ) said Tuesday after the markets closed that its first quarter profit fell 69% from last year, as higher costs and expenses more than offset a small increase in revenue. However, the company’s quarterly earnings surprised Wall Street analysts who were expecting the [...]

The alliance between PSA Peugeot Citroën , Europe’s second largest auto maker by revenue, and General Motors Co. will result in collaboration in purchasing and design. read more

As a Boeing executive laid out Tuesday the compelling growth prospects presented by the plane maker’s unprecedented production boom, managers of local aerospace suppliers listened intently. read more

Honda Siel Cars India (HSCI), a joint venture between Honda Motor Company and Siel India, is all set to resume sourcing of electronic components for its Brio, Jazz and City models manufactured in India from its parent’s Thailand facilities. The imports from Thailand were disrupted after production at Honda Automobile (Thailand) Company and other suppliers [...]

Tesco Cars is sourcing around 2,000 vehicles a week and advertising them at prices 9 per cent lower than similar models on franchised dealer websites, according to research into the first six months of trading of the supermarket giant’s online car business. read more

MILWAUKEE, WI, Nov 21, 2011 (MARKETWIRE via COMTEX) — The Federal Aviation Administration (FAA) conducted a reverse auction, using K2 Sourcing’s Managed Reverse Auction Service, that is estimated to generate over a million dollars of savings over the life of the contract. read more

MedStar Health is joining forces with two other major health care systems to create a purchasing giant, continuing its efforts to consolidate expenses by reaching outside of its corporate walls for more buying clout. Columbia, Md.-based MedStar, which owns the District’s two largest hospitals, has agreed with Novant Health of Winson-Salem, N.C., and Sentara Healthcare [...]

Home Depot Inc., which posted higher quarterly same-store sales Tuesday, said there are more opportunities to increase margins as investments in transforming the retailer’s supply chain continue to pay off. read more

LEEDS, England | Fri Nov 11, 2011 5:06pm GMT (Reuters) – A drive to buy produce directly from farmers and manufacturers, and in tandem with U.S. parent Wal-Mart, will underpin the competitive position of British grocer Asda as major rival Tesco cuts prices, it said on Friday. read more

May 09, 2011 07:00 AM Eastern Daylight Time : SOUTHLAKE, Texas–(BUSINESS WIRE)–GetThere (http://www.getthere.com), the world’s leading travel and collaboration management solution, today announced the results of the 11th annual GetThere Corporate Travel Benchmark Survey. The survey revealed that while business travel is increasing, corporations are still heavily focused on reducing travel expenses. read more