Industrials

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...

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

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


Latest News

Ansell to acquire BarrierSafe for USD615 million
Australia-based industrial glove maker Ansell Ltd agreed to purchase US-based hand protection product manufacturer BarrierSafe Solutions International for approximately USD615 million in a transaction
Minvest Partners taps overlooked advanced exploration niche market
Toronto-based merchant bank Minerx Group was out to prove that there is a plethora of opportunities in the the advanced exploration market with its new private equity arm called Minvest Partners, acco
Six private equity firms bid for ITW in a possible USD3 billion deal -sources
Investment firms Carlyle Group, Blackstone Group, Apollo Global Management, Bain Capital, Ares Management and a consortium of Onex Corp and Canada Pension Plan Investment Board are reportedly bidding
BLACKHAWK RESOURCES TERMINATES ACQUISITION OF GLOBAL ROYALTY CORP.
BLACKHAWK RESOURCES TERMINATES ACQUISITION OF GLOBAL ROYALTY CORP.
Sources say Dubai International weighs in on Mauser exit
Although Dubai seemed to have recovered from the 2009 debt crisis it experienced in 2009, it needs to sell some of its assets, including Mauser, to repay some USD50 million in debt, according to sourc
BIS Industries buys Powertrans for USD30 million
Australia-based mining logistics firm BIS Industries is buying industrial transport company Powertrans for USD30 million in a debt-funded transaction which will be finalized in January.
Mining revenue may comprise portion of Sovereign Wealth Fund of Zimbabwe- report
Citing a draft of the fund, a report from Bloomberg said the planned Sovereign Wealth of Zimbabwe may obtain a portion of the country's share of mining revenues.
Colorado building and battery startups receive funding from investors
Colorado-based building and battery startups Prescient, Boulder Ionics, and RoundPegg announced that they received funding from investors this week, which will be used for expansion and development.
Tepco-Mitsubishi partnership to invest in energy efficient plants in Fukushima - source
The partnership of Mitsubishi Electric, Mitsubishi Corp and Mitsubishi Heavy with Tokyo Electric Power Co (Tepco) would lead to the building of integrated gasification combined-cycle (IGCC) stations i
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