Top deals of the day - Mergers & Acquisitions
The following bids, mergers, acquisitions and disposals were reported on Wednesday including BNP Paribas, Facebook, Crocs, VTB Capital and Flybe Group.
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
Lone Star wins bid to acquire Osaka prefecture-owned assets - sources
The government of Osaka prefecture's exit from the OTK Group was its strategy to privatize the latter.
IPO to bring in EUR821 million for Constantia Flexibles
Austrian Constantia Flexibles targeted to raise EUR821 million in its initial public offering. The packaging group would be selling 32.2 million shares in the IPO.
Alix Resources to pay Ridge Resources in Bitcoins
In an agreement for mining explorations servies, the mode of payment between Alix Resources the owner and Ridge Resources the contractor would be payment in the Canadian value of Bitcoins.
Glencore Xstrata to debut on the Johannesburg bourse
With an expectation of strong demand for its shares in the market, Glencore Xstrata would be making its market debut in the Johannesburg bourse today.
AEGEAN MARINE PETROLEUM NETWORK TO ACQUIRE HESS CORPORATION'S U.S. EAST COAST BUNKERING BUSINESS
AEGEAN MARINE PETROLEUM NETWORK INC SAYS TRANSACTION ALSO INCLUDES AN AMOUNT TO BE PAID FOR INVENTORY
NorthEdge Capital invests in Fine Industries
NorthEdge Capital invests GBP25.5 million in chemicals manufacturer Fine Industries Ltd of the Teeside, UK area to boost the company's presence and production for its future.
NK Rosneft' OAO Announces New $6 Billion Oil Supply Deals with BP
Reuters reported that NK Rosneft' OAO (Rosneft) said it had agreed to sell oil product cargoes to BP worth over $6 billion, on top of a previous deal to sell oil worth $5.3 billion.
Western Refining aiming at majority stake in Northern Tier
Fortune 500 Western Refining Inc. was negotiating a purchase of a majority stake in Northern Tier Energy LP for USD775 million to capitalize on the rising oil production in the US.
US Pipe acquires completes acquisition of Fab Pipe
Birmingham-based United States Pipe and Foundry Co. and US Pipe Fabrication acquired Minnesota-based company Fab Pipe Inc. to expand its waterworks fabrication and distribution network in the Midwest.
