Zurich, Switzerland, July 23, 2014 – ABB today reported strong order growth, stable revenues and a significant increase in cash from operations for the second quarter of 2014. The lower operational EBITDA margin mainly reflects ...
Tags: ABB, Growth, Electrical, Electronics
The Schawbel Corporation, the parent of Thermacell Heated Insoles, formed a new business entity, Schawbel Technologies, LLC, following the sale of the Thermacell Mosquito Repellent business to Kinderhook Industries, a New York equity-based ...
President Obama clearly doesn’t like Medtronic’s plan to move its headquarters to Ireland through the acquisition of Covidien. Medtronic’s $43 billion acquisition of Covidien would be the largest tax inversion deal yet. ...
Tags: Medtronic-Covidien, Health, Medicine
Medtronic officials apparently see the political blowback over their proposed $43 billion acquisition of Covidien as serious business. The company has paid $200,000 to lobbyists including former U.S. Sens. Trent Lott and John Breaux to ...
The American Apparel and Footwear Association (AAFA) brought more than two dozen apparel, footwear, and retail executives to Capitol Hill this week to lobby for key international trade policies and programs. The visits came as part of ...
New Zealand-based dairy establishment a2 Milk has secured approval from Chinese regulatory agencies to resume supply of infant formula products. The company will now start offering a2 Platinum-branded infant formula across the country; ...
Tags: a2 Milk, infant formula products, Food
In February this year, The Lockyer Valley Farmers board announced plans for a new $40 million beetroot canning facility in Grantham, west of Brisbane. The cannery would also process locally grown peas, beans, potatoes and corn, and would be ...
Tags: Agriculture, Food
Platts Australian alumina assessment closed the week at $310.50/mt FOB, decreasing $1.50/mt from Thursday, weighed by sluggish demand, the higher cost of credit in China, and concerns relating to counter-party risk. The assessment was down ...
Tags: Alumina, Qingdao port
Norway's Statoil and its partner ExxonMobil have increased the total volumes of gas-in-place at block 2 offshore Tanzania to some 20 Tcf following a new discovery with the Piri-1 well, Statoil said Wednesday. The find, with estimated ...
Tags: ExxonMobil, Norway's Statoil
The British government is "very much looking forward" to Chinese Premier Li Keqiang's visit next week and hopes to deepen cooperation with China in the energy sector as well as on climate change, Britain's energy secretary said here on ...
Tags: energy sector, climate change
Based on the Commerce Department's most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported Wednesday that steel import permit applications for the month of May total 3,950,000 net ...
Tags: Metallurgy, Mineral, Energy, Steel, finished steel
More than half of Asia's gas needs will be supplied by LNG by 2030, Santos Ltd CEO David Knox said Thursday, adding that this will provide the Australian LNG exporter opportunities to grow. Speaking from the Brisbane Mining Club, Knox ...
Tags: Gas, Chemicals, Metallurgy, Mineral, Energy
Australia is due for a second wave of LNG project development, despite spiraling costs that have hindered further progress in recent years, Santos Vice President of LNG Markets and Eastern Australia Commercial Peter Cleary said. Speaking ...
Tags: LNG Development, LNG Markets
Australia's Newcastle port exported 2.8 million mt of thermal and coking coal in the week to Monday, falling 19% on the week, as the port's vessel queue continued to shrink, according to the Newcastle Port Corporation's latest weekly ...
Tags: thermal, coking coal
India's state-owned gas transportation utility GAIL Monday announced another quarter in which natural gas transmission and sales volumes fell, as domestic production continued to decline. GAIL's natural gas transmission for the ...
Tags: natural gas, trunk pipeline