Cermaq agrees to Mitsubishi $1.4 billion acquisition offer
Oslo-based trout and salmon farming company Cermaq ASA announced on Monday that its Board of Directors has unanimously voted to accept a Mitsubishi $1.41...
US gasoline prices at lowest level since February 7
US gasoline prices have fallen to their lowest levels since February 7. During the two-week period ending September 19 the price of gas declined...
OSI Group to lay off 340 workers amid Chinese food scandal
OSI Group LLC said on Monday it was laying off up to 340 workers at its Chinese subsidiary Shanghai Husi Food Co., Ltd., all...
German Amazon workers strike demanding higher wages
German Amazon workers have gone on strike at five logistic centers, the Verdi labor union announced today. Verdi says the two-day stoppage is in...
Tesco announces probe after inflating profit guidance
On Monday, British supermarket giant Tesco plc said it had launched an investigation into its accounting practices after overstating its profit guidance for the...
Rockefeller family divesting from fossil fuels
The Rockefeller family, whose wealth was built on oil, has made a pledge to divest billions of dollars from the oil, gas and coal...
Siemens to acquire Dresser-Rand Group Inc for $7.6 billion
The German Industrial giant Siemens AG has agreed to acquire the U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion, trumping the competing...
United Airlines making substantial changes to set itself in the right direction
United Airlines is making steady progress on its on-time rates, despite a bad start to the year. The company was subject to a number...
TransCanada Keystone XL pipeline costs skyrocket
Six years of regulatory delays have pushed up the estimated costs of the Keystone XL pipeline project by nearly 100%, Shawn Howard a TransCanada...
Labour pledges ₤8 per hour minimum wage by 2020
The UK’s Labour Party on Sunday pledged an ₤8 per hour minimum wage by 2020 if it wins next year’s general elections. It says...