Industrials

Norway Labor Unions Successfully Negotiated a 5.2% Wage Increase, Avoiding Major Strike

Labor unions and employers in Norway have successfully negotiated a 5.2% wage increase.


House Purchase Applications Continue To Dip As Mortgage Rates Remain High

Despite a slight dip in average interest rates for 30-year fixed-rate mortgages, weekly mortgage demand remains stagnant, with fewer applicants seeking loans for refinancing or home purchases...

UPS Lands Primary Air Cargo Deal with USPS as FedEx Ends 20-Year Partnership

UPS will manage the majority of air cargo transportation for USPS. The contract between the two entities is set for a minimum of five and a half years...

United Airlines Urges Pilots to Take Unpaid Leave Amid Boeing's Production Woes Affecting Aircraft Deliveries

United Airlines requests pilots' unpaid leave due to Boeing delivery delays, impacting aircraft deliveries and forecasted block hours for 2024...


Latest News

ECP acquires 33pct interest in Algeria-based Pepsi bottler
Washington, US-based private equity firm Emerging Capital Partners (ECP) is acquiring a 33% interest in Algeria-based PepsiCo Inc bottler Atlas Bottling Corp for an undisclosed amount as part of an ex
Illinois-based packaging firm Arpac adds Lambert Material Handling
Illinois, US-based specialist packaging supplier Arpac added New York-based conventional palletiser manufacturer Lambert Material Handling for an undisclosed amount to increase its portfolio of packag
Sime Darby picks up 70pct stake in Australian firm TFP Engineering in A$3.2M cash deal
Kuala Lumpur, Malaysia-based conglomerate Sime Darby Bhd, through its subsidiary Haynes Mechanical, picked up a 70% stake in Singleton, Australia-based mining machinery provider TFP Engineering for A$
Arsenal Capital Partners acquires Kel-Tech for undisclosed amount
Arsenal Capital Partners, a private equity firm based in New York, has acquired Midland, Texas-based oilfield chemicals provider Kel-Tech Inc for an undisclosed amount, a statement about the funding s
US scrap metal recycler Upstate Shredding snaps up Brant Auto Parts
New York, US-based scrap metal processor and recycler Upstate Shredding snapped up Irving-based rival Brant Auto Parts for an undisclosed amount in an all-cash deal.
Activist investor rejects Cliffs Natural Resources Inc proposal to end battle for board control
Activist investor Casablanca Capital has rejected an offer made by Cliffs Natural Resources to end the proxy battle to gain control of the miner's board, Reuters reported.
Nedbank Capital seeks new mining investment destinations in Africa
Johannesburg, South Africa-based banking network Nedbank Capital is looking for new mining investment destinations in Africa, aside from gold explorations in Tanzania, Ghana, and Burkina Faso.
UAE's Ducab purchases UK cable firm AEI
Dubai, United Arab Emirates (UAE)-based cables manufacturer Ducab purchased Durham, UK-based cable maker AEI Cables for an undisclosed amount to expand its product offering and international market re
UK-based Melrose Industries ready to buy again after Elster Group turnaround
After turning around the performance of Elster Group and making divestments last year, London-based investment firm Melrose Industries is ready to start making acquisitions, Bloomberg reported.
Quebec approves $10M equity investment in Orbite Aluminae
The government of Quebec approved a $10-million equity investment in Montreal, Canada-based alumina producer Orbite Alumniae Inc, with the funds coming from the government's financing arm Investisseme
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