Industrials

Amazon Is Ending Drone Deliveries in California, Eyes Arizona Expansion

Amazon has ceased drone delivery operations in Lockeford, California, as it prepares to expand its Prime Air program in Arizona.


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...


Latest News

Tyco International Ltd narrows list of potential private equity acquirers for Caps Co- sources
Tyco International Ltd has shortlisted the list of private equity firms interested in acquiring the industrial conglomerate's South Korean unit, according to sources interviewed by The Wall Street Jou
Colombia's Grupo Energy picks up $650M stake in Peru gas pipeline
Colombia-based firm Grupo Energia de Bogota inked a deal valued at $650 million to acquire a 23.61% stake in Peru-based gas pipeline operator Transportadora de Gas del Peru.
IFC invests in US submarine cable operator Seaborn Networks
World Bank Group member International Finance Corporation (IFC) invested an undisclosed amount in US-based submarine fiber optic cable system developer and operator Seaborn Network Holdings LLC.
North American oil producer IronGate acquires Green Light
Texas, US-based oil and gas exploration and production services provider IronGate Energy Services acquired North Dakota-based firm Green Light Energy Services for an undisclosed amount.
Maersk unit picks up stake in Iraqi blocks from Repsol
Maersk Oil, a unit of Denmark-based oil and shipping magnate AP Moller-Maersk, received approval from the Iraqi government to purchase stakes in two exploration blocks from Spanish firm Repsol Oriente
Jana Partners ups stake in US oil firm QEP Resources
New York, US-based activist investor Jana Partners LLC hiked its stake in Colorado-based oil producer QEP Resources Inc from 7.6% to 9.5% on Monday, and announced its plan to nominate board candidates
Rio Tinto maintains stake in Canadian miner Turquoise Hill despite additional shares
Australia-based mining firm Rio Tinto Ltd purchased C$1.29 billion (A$1.32 billion) worth of shares in Canada-based mining company Turquoise Hill Resources out of contractual obligations but maintaine
Amec to purchase Foster Wheeler in $3.2B deal
UK oil engineering company Amec Plc has agreed to buy Foster Wheeler for $3.2 billion, paving the way for Amec to expand operations overseas, Bloomberg reported.
Vadxx Energy gets financing to build first commercial plant to turn plastic waste into energy
Cleveland, Ohio-based recycling company Vadxx Energy received funding from Liberation Capital, a private equity firm, for its first commercial-scale facility that can transform plastic waste to energy
Rebellion Photonics raises $10.4M in Series A
Rebellion Photonics Inc, a provider of cameras with the power to detect gas leaks in oil rigs and refineries, closed its Series A round with $10.4 million.
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