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

Canada, United Technologies Corp revive $4.7 billion Sikorsky helicopter deal
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.
Argentine market regulator CNV rejects Braskem's bid for Solvay Indupa
Argentina's stock regulator CNV on Friday rejected Braskem's $1.35 per share bid to buy roughly 30% of the shares of plastics maker Solvay Indupa that are traded on the Buenos Aires bourse. CNV said t
Fortress Transportation and Infrastructure Investors plans up to $100M IPO
A regulatory filing showed that Fortress Transportation and Infrastructure Investors intends to raise up to $100 million in its initial public offering in New York, Reuters reported.
Chinese firm concludes acquisition of SP AusNet stake
The State Grid Corp of China officially completed the $7.5-billion purchase of interests in Australian power firms SP AusNet and Jemena from utilities group Singapore Power.
Oddball Chinese magnate looking to buy the New York Times
45 year-old recycling magnate Chen Guangbiao, whose charity works and publicity stunts are more known rather than his business sense, has claimed that he will be extending an offer to acquire the New
Norwegian private equity firm HitecVision invests in DeepWell
Norway-based private equity group HitecVision has announced a growth capital investment in well intervention services provider DeepWell AS in a deal that marks HitecVision's entry into the well interv
Huntington Ingalls buys Colorado-based firm Stoller
Newport News, Virginia-based nuclear services provider Huntington Ingalls Industries has picked up Broomfield, Colorado-based environmental engineering company SM Stoller Corp in a deal, of which fina
India's ONGC to spend $9 B in the next decade for oil, natural gas production
Oil & Natural Gas Corp or ONGC said it would be spending about $9 billion in the next ten years to produce oil found in new blocks in the east coast of India.
Bunge North America sells stake in corn-based ethanol plant to Ergon
Bunge North America Inc., a unit of food processing company Bunge Ltd, has put up for sale its remaining stake in Ergon BioFuels LLC for an undisclosed sum. The said stake will be bought by its joint
China Gold eager to buy gold, copper mines in Canada
China Gold International, a Vancouver-based gold miner, is interested in acquiring gold or copper mines in Canada, but is not willing to overpay for it. China Gold is backed by China's biggest gold pr
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