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

Golub Capital gives USD 193 million loan facility to Aurora Capital Group for NTS purchase
Golub Capital announced that it provided a USD 193 million one-loan debt facility to Los Angeles-based private equity firm Aurora Capital Group to support its National Technical Systems Inc acquisitio
Sinopec, Apache eye Kitimat investment in Canada -sources
Chinese refiner Senopec is in discussions with American oil-and-gas firm Apache Corp regarding the purchase of a minority stake in a liquefied natural-gas (LNG) project in Canada, according to sources
Australia's Bis Industries defers planned IPO
Bis Industries on Wednesday announced that it has scrapped its planned initial public offering. The KKR-backed Australian logistics company had been looking to raise AUD500 million (USD456 million) in
Canadian mining firms Goldsource and Eagle Mountain Gold to merge
Rival Canadian mining companies Goldsource Mines Inc and Eagle Mountain Gold Corp agreed to merge in a deal that would see each firm hold half of the newly combined company.
Taiwan's TCC International receives USD721 million buyout bid from parent company
TCC International Holdings Ltd said it received a buyout offer amounting to HKD5.59 billion (USD721 million) from its parent company, Taiwan Cement Corp, which owns 56.5% of TCC.
Malaysia's Kian Joo receives MYR1.46 billion takeover bid from Aspire Insight
Malaysian packaging solutions firm Kian Joo Can Factory Bhd got a MYR1.46 billion cash takeover bid from privately owned company Aspire Insight Sdn Bhd at MYR3.30 per share.
Amec looking to takeover Foster Wheeler
UK's Amec Plc is looking to acquire NASDAQ-listed Foster Wheeler AG. If the deal eventually pushes through, it could generate GBP5 billion (USD8 billion) for the Geneva-based engineering and power con
China's mission for foreign oil control evident in crude exports monopoly in Ecuador - report
A report revealed in detail based on its records how China was able to acquire control of oil of countries Venezuela, Brazil, Angola, and now OPEC member Ecuador.
Repsol to give recommendation to YPF deal for less than half of its value - sources
On Wednesday, sources disclosed that the board of directors of Spanish oil major Repsol will resolve to agree on compensation for its 51% ownership stake in YPF, of which the latter will be nationaliz
Gold Fields keen to stretch maturities of loans - CEO
Due to the swing of gold prices, South African mining company Gold Fields Ltd had resorted to negotiating with its creditors for an extension of its loan maturities, said Gold Fields CEO Nick Holland.
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