Liberty Resources secures USD350 million investment
Oil and gas company Liberty Resources II LLC raised USD350 million investment from Riverstone Holdings LLC and Oakmont Corp.
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
Top deals of the day - M&As
The following bids, mergers, acquisitions and disposals were reported on Thursday.
Siemens to buy back EUR4 billion of own shares
Siemens AG said that it had set aside EUR4 billion or USD5.4 billion for its stock buyback program.
Petronas's chemical arm exits from its stake in PMPC
Petronas Chemicals Group Bhd would be selling a 93.1% ownership stake in Phu My Plastics and Chemical Company Ltd (PMPC) to Asahi Glass Co Ltd and Mitsubishi Corporation.
Altra inks EUR80.1 million acquisition deal to acquire Denmark's Svendborg
Power transmission product maker inked a definitive deal to acquire Danish energy company Svendborg for EUR80.1 million.
Budimex to sell company to Equity Investors
Polish constructor Budimex would be selling one of its units to private equity firm Equity Investors.
Signal Hill Equity Partners invests in OEL Projects Limited
Signal Hill Equity Partners closed its investment in Calgary, Alberta-based oil and gas engineering company OEL Projects Limited.
AEA Investors LP agrees to acquisition deal with Siemens Water Technologies
AEA Investors LP signed an agreement to buy Siemens Water Technologies for EUR640 million.
Zambian government at odds with Konkola Copper Mines
Issues over tax payments and retrenchment of workers caused Konkola Copper Mines to seek court intervention.
Kuwait's NAS providing expertise in improving Ariana Afghan Airlines
A ten year agreement was formalized between Kuwait's National Aviation Services and Ariana Afghan Airlines.
