Deals of the day - M&As
The following bids, mergers, acquisitions and disposals were reported on Monday
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
High Road Capital's Crown Group purchases Electra-Finish
Investment firm's portfolio company acquired plastic coatings manufacturer in a recent transaction.
York Capital Management invests EUR100 million in Greece's GEK Terna
US fund York Capital Management invested EUR100 million in GEK Terna, one of Greece's top construction groups.
Henkel of Germany seeks EUR10 billion in sales by 2016
Germany's Henkel had made plans to increase sales in MENA for the next few years.
South Korean firms enter into joint venture projects with Arabtec
GS Engineering and Construction and Samsung Engineering form joint ventures with Arabtec separately.
Royal decree for bailout funds set to be vetoed by Bahraini parliament
The King Hamas decree granting BHD185 million bailout to Gulf Air is set to be vetoed by a number of MPs since it was done while Parliament was in recess.
Whitehaven's future assured - Chairman
Whitehaven Chairman Mark Vaile said the future of the mining company is assured with the two mines it is preparing to go online.
SunPower Corp acquires Greenbotics Inc for an undisclosed amount
SunPower Corp acquired Greenbotics Inc for its robots that clean solar power panels.
Chinalco-led consortium gets on shortlist for Glencore Xstrata's Las Bambas copper project
A consortium led by Chinalco was shortlisted to bid for Glencore Xstrata's copper mine in Peru, a Chinalco executive said.
Deals of the day - M&As
The following bids, mergers, acquisitions and disposals were reported on Friday
