North America

PCI On Getting More Mascular

The Property Casualty Insurers Association of America (PCI) is strengthening its adherance to its rules and policies.

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North America's Play Station Stores Super Sales On October 11-17

PlayStation stores open its sale last October 11 and will end on October 18 8am PT/11am ET.

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Green Day Announces 2017 North American Tours

After the release of their newest album Revolution Radio, Green Day will hit the road starting March 2017 for a North American arena trek.

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PepsiCo Reshuffled Its North American Management

PepsiCo reorganize its North American operation. The company appointed Albert Carey CEO to oversee beverages, Frito-Lay and Quaker Foods divisions in North America, and two other executives.

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Saudi Arabia to takeover largest US refinery

Saudi Arabia's state-owned oil major Aramco will takeover Port Arthur Texas refinery in the US. Saudi Arabia will refine its oil shipped from Middle East at Port Arthur refinery and also sell it in the huge North American market.

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BC Clean-tech alliance seeks $500-mln fund from Trudeau

B.C. clean-tech companies have requested Prime Minister Justin Trudeau to allocate a $500 million venture capital (VC) fund. An alliance comprising 51 clean-tech and investment firms from B.C. province has written a letter to the Prime Minister Trudeau to extend support to clean-tech industry.

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GM Recalls 473,000 Trucks and SUVs in Canada, US Due to Brake Pedal Issues

GM is about to roll out yet another recall program, this time affecting 47300 vehicles in North America. The leading automaker has found issues with the brake nut that could lead to failure of this vital function. This is nowhere close to the first time the company called back its cars for some fix, and seems it won't be the last either.

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Ford Announced Extra $1 Billion Dividend

Ford Motor Inc. declare supplemental cash dividend of $1 billion. In 2016, the company expect to earn as much as last year.

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GE turns down $3.3B Electrolux acquisition

General Electric Co. terminated the agreed $3.3 billion acquisition of Sweden's Electrolux AB on its appliance business. According to The Wall Street Journal, GE was under pressure by the U.S. Justice Department, which was blocking the sale due to antitrust issues.

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Africa's Largest Media Company Extends Its Operation Worldwide

South African largest media company, Naspers increases its U.S exposure. The company that has operated in 130 countries is ready to expand its service worldwide

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Corvus Energy Succeeds, Where U.S. Energy Startups Failed

Corvus Energy, Canadian lithium-ion battery company has successfully made it to top three in Deloitte Technology Fast 500 ranking. Recently, Statoil, Norwegian largest offshore oil and gas company also invest in Corvus battery technology.

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Obama to sign TPP deal with Philippines and Vietnam in APEC Summit

US President Barack Obama is heading for an Asian trip and is expected to join the APEC Summit in Manila to talk about the Trans-Pacific Partnership. The Asia-Pacific Economic Co-operation (APEC) summit, which will be attended by all Asia-Pacific leaders will be the center of Obama's attention to deliver a speech and convince leaders to sign the agreement.

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Groupon appoints Rich Williams as CEO, with a promise to refocus in the US

Deal service Groupon announced Tuesday that it has promoted Rich Williams as the chief executive of the company replacing co-founder Eric Lefkofsky, who is now back to his role as the chairman.

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GM promises UAW $1.9 billion for US operations, 3,300 union jobs

General Motors promised The United Auto Workers union a $1.9-billion investment in US operations that would add 3,300 union jobs in the country under a proposed four-year contract.

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6.5 million cars recalled by Toyota for power window switch repair

A voluntary recall had been announced by Toyota Motors around the globe due to a defective power window switch that could overheat, melt and lead to fires. According to Toyota, The recall includes 2.7 million vehicles in North America, 600,000 in Japan, and 1.2 million in Europe. The cars involved are Yaris, Corolla, Matrix, Camry, RAV4, Highlander, Tundra and other models, as reported by NBC New York.

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