Korea: Getting out of the worst period

With encouraging signs of recovery in woven fabric exports in 2002, there are expectations that the worst period will soon be over. At the same time, there are still many challenging tasks to be accomplished.

Both exports and domestic demand dipped considerably in 2001. Especially, textile product exportsAC which play a role of the engine in textile & apparel business, retreated to nearly US$16 billion from the initial target of US$19 billion.

Domestic demand for apparel was also sluggish due to slackened business and decreased by 15% to 1.03 million tons from the preceding year. In spite of the declined domestic demand, imports increased by 3% from the year-- before …

Norwegian HVS Invest's offer gets little support from GGG shareholders.

(ADPnews) - Dec 27, 2010 - Norwegian company HVS Invest AS said today its tender offer for all the stock in engineering firm Grenland Group ASA (OSL:GGG) got acceptance for 3,000 shares, equal to 0.04% of the shares it does not already own as at December 23.

HVS Invest AS, which holds 75.5% of the shares and 76.32% of the votes in GGG, made a bid on December 8 to fully acquire the company at …

Alarm company faces new Nasdaq problem.(Business)

Byline: ALAN WECHSLER Business writer

ALBANY - Integrated Alarm Services Group Inc., which recently faced a potential Nasdaq delisting due to late earnings statements, is facing the same threat again.

This time, though, company officials expect the problem to be resolved in two weeks when a new board is voted in by shareholders at the annual meeting.

The problem stems from Nasdaq Marketplace Rule 4350.

In 2003, in light of Enron and other corporate scandals, a 44-page amendment was added to the rules governing Nasdaq-listed companies to regulate the relationships of board members. Albany-based Integrated, which provides monitoring and …