Cengage Learning files for bankruptcy protection due to US$5.8B current debt
Cengage Learning filed for bankruptcy protection under chapter 11 due to its US$5.8 billion debt.
Basic Materials
China Slams New US Tariffs, Vows to Defend Economic Interests Amid Trade Tensions
Biden imposes extensive tariffs on Chinese imports, including semiconductors and EVs, escalating trade tensions. China vows to defend its interests and urges correction.
UK Faces Crop Shortfall Due to Wet Weather; Bread and Biscuit Price Hikes Expected
The Energy & Climate Intelligence Unit (ECIU) warns of potential price surges in bread, biscuits, and beer in the UK due to persistent wet weather...
Cocoa Prices Push Near Record Levels As Global Shortage Continues to Impact Market
Cocoa prices keep going up for a fifth consecutive day due to a shortage in supply, prompting concerns for traders and growers in countries like Ghana...
Home Depot to Open 4 New Distribution Centers for Home Professionals
Home Depot unveiled on Thursday its plan to open four new distribution centers explicitly designed for the needs of remodelers, contractors, and other home professionals...
Latest News
Russian mogul bids to rule Swiss steelmaker
Viktor Vekselberg continues expanding by initiating a bid to buy Schmolz+Bickenbach.
Horizon Tech lends NexPlanar $5 million
NexPlanar gained $5 million through Horizon Technology Finance Corporation's venture loan.
GSW Workers Join Clamor for CEO Removal
German real estate firm GSW Immobilien goes on a further tailspin after GSW Workers' Council follows call for resignations.
Weyerhaeuser to buy Oregon and Washington timberlands
Weyerhaeuser added about 6.6 million acres of timberland to its ownership after buying Longview Timber.
Deals of the day - mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported on Thursday.
Ambow Facing Court Ordered Liquidation
Ambow Education has been ordered liquidated by a Cayman Islands court.
Dangote Cement Sells Stake to Sovereign Wealth Fund
Dangote Cement sells off 1.5% to an unidentified sovereign wealth fund for 45.8 billion naira.
Home Depot poised for greater growth
Home Depot is poised for greater growth as the housing market recovers.
