Jessop & Co seek closure approval from West Bengali government
Pawan K Ruia owned Jessop & Co seeking approval of its decision to close its operations.
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
Warburg Pincus to exit from Transpacific stake
Warburg Pincus sold its ownership stake in Transpacific Industries Group at AUD1.05 per share.
Apollo and Cooper Tire decide on tentative arrangement for merger
Apollo and Cooper Tire decided on a tentative agreement with trial to begin on Tuesday.
Barrick Gold halts project, offers shares to raise funds
The halt of its Pascua-Lama project as well as gold price decline had forced Barrick Gold to sell of shares to raise much needed funds.
ITT Corp increases dividend and expands manufacturing to address higher demand
Pumpmaker ITT is expanding both on the shareholder value side and on the operations side as demand for pumps had increased by half in the third quarter alone.
Crown expands in Spain with Mivisa Envases acquisition
Food packaging company Crown Holdings Inc acquired Spanish food-can maker Mivisa Envases for EUR1.20 billion or USD1.65 billion.
Canada approves ConocoPhillips exploratory drilling in the Far North
ConocoPhillips's request of exploratory drilling is approved by Canada's NEB
F-35 hits first ground target
The F-35 fighter jet dropped its first bomb to hit a ground target in its first delivery test.
Clariant agrees to sell leather unit to Wendel's Stahl
Clariant and Wendel's Stahl reached an agreement with former to receive millions and shares.
Venture capitalists betting on growth of civilian drones
Venture capitalists said drones, largely used for military or scientific purposes, would be used for commercial purposes in the future.
