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

Honda exits from electronic parts unit, sells to Nidec in USD500 million deal - daily
Honda Motor Co's stake sale in Honda Elesys Co would encourage the cooperation of the company and its buyer Nidec Corp in capitalizing the growing demand for car electronic controls.
Batista divests coal mines to Yildirim
Former billionaire Eike Batista would be selling his coal mines in Colombia to Yildirim Holding for USD 450 million.
Alrosa expects share sale to raise USD1.3 billion
Russian state-owned diamond miner Alrosa had reduced its capital investment expectations for its planned IPO.
Rio Tinto and Mongolia iron out key issues but there still remain a few
Davaadorj Ganbold said that major issues between the mining firm and the government have been ironed out but some still remain.
Boeing, Lockheed partner for Air Force bomber program bid
Boeing Co and Lockheed Martin Corp said they had formed an alliance to bid for the US Air Force long-range bomber program.
Glencore and Sumitomo purchase majority stake in Australia's Clermont mine
Glencore Xstrata and Sumitomo Corp purchase 50.1% shareholdings in Clermont mine amidst increasing Asian demand for coal.
DuPont to spin off high end chemicals unit
In a tax free spin off, DuPont would be able to spend just USD0.01 to USD0.02 per share.
Changing economic landscape leads Boeing to cut production
Boeing has to cut production of its 747 jets because of the changing economic landscape, a report said.
Are Boeing's 747 glory days over?
The Boeing 747 could be headed towards an uncertain future, according to an Associated Press report.
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