Industrials

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

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

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As the Chinese government plans to consolidate production, Anhui Conch Cement Co said it plans to increase its capacity to 30 million metric tons through acquisitions, Bloomberg reported.

The Panama Canal Authority and a building consortium led by Spain's Sacyr Vallehermoso SA on Tuesday agreed to put up at least $100 million each to keep the Panama Canal expansion project running. The

Sandvik, a high-technology engineering firm based in Sweden, has agreed to buy Texas-based Varel International Energy Services for a price tag of about $740 million.

Houston, US-based firm Fieldwood Energy LLC, a portfolio company of Riverstone Holdings LLC, bought the Gulf Coast unit of Oklahoma-based firm SandRidge Energy Inc in a deal valued at $750 million.

Bourbon, a Paris-based operator of supply and crew ships for the oil industry, sold a dozen vessels to China's ICBC Financial Leasing as part of its plan to make a dent on its debt, Bloomberg reported

The government of India has cancelled its plan to divest a 5% stake in state-owned miner Coal India Ltd due to persistent opposition from trade unions, according to a finance ministry official.

London, UK-based private equity group Arle Capital Partners is planning either an exit or a listing of its British oil services company Expro this year, according to a report citing inside sources.

Indonesia-based state-run builder Wijaya Karya (WiKa) completed the purchase of state-controlled asphalt manufacturer Sarana Karya in a deal that is expected to support WiKa's expansion projects.

Malaysian firm Cahya Mata Sarawak has agreed to work with various companies to build the first integrated phosphate facility Southeast Asia, the Daily Express reported.

Canada resurrected a $4.7 billion agreement to buy Sikorsky helicopters from United Technologies Corp which Ottawa nearly scrapped due to delays and complications it encountered, Reuters reported.

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Industrials

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

House Purchase Applications Continue To Dip As Mortgage Rates Remain High

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

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

Union Strike at Molson Coors Escalates as Negotiations Collapse Over 5 Cents Pay Increase Offer

Baltimore Bridge Ship Crash Shuts Down Port, Disrupts Shipments: Will Consumer Goods Prices Surge?

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