Toyota Motor Sales (TMS) is recalling nearly 780,000 of its vehicles sold in US to resolve rear suspension issues, which could arise when taken in for maintenance. According to the carmaker, the recall affects its RAV4 vehicles ...
Tags: Toyota Motor Sales, vehicles, recalling vehicles, rear suspension issues
Owens Illinois, a glass bottles firm, has predicted a gloomy outlook with respect to the demand due to a poor wine market in Australia. Pending sales contracts, reportedly with Foster's and Lion Nathan, in addition to stretched union ...
Tags: glass bottles, wine market, bottle maker
Luxembourg-based CVC Capital Partners–led group has agreed to purchase insurance-claims adjuster Cunningham Lindsey from Stone Point Capital and Fairfax Financial Holdings in a deal valued between $900m and $1bn including debt. An ...
Tags: CVC, Bes, board of directors, insurance
Macquarie Group, Principal Financial Group (PFG) in the US and Singapore based United Overseas Bank have submitted their bids to takeover ING’s Asian asset management business. The deal is expected to be valued at $500m to $600m, as ...
US based property and casualty underwriter Tower Group has announced sale of its health insurance business for $102m to Australian private health insurer NIB Holdings. Subject to clearance from the Overseas Investment Office, the sale is ...
Tags: Tower Group, health insurance, insurance, insurance product
German packaging company Bericap Holding’s Indian arm will widen its product portfolio in the country this year. The company plans to foray into specialty segments such as lube and edible oils and expand in the bottle water segment. ...
Tags: Bericap, product portfolio, specialty segments, bottle water segmen
US carmaker Fiat Motor has unveiled the new 500 Turbo small car at the Concorso Italiano event in North America. The new car is powered by 1.4-liter MultiAir Turbo engine, featuring an intermediate shaft to mitigate torque steer, will ...
Tags: Fiat, North America, new car
US carmaker Ford Motor is recalling 16,330 transit connect vans in the country over an issue with the wiper arms. According to the US National Highway Traffic Safety Administration, the recall is effective to the vans manufactured in 2011 ...
Tags: Ford, recall, Wiper Arm Issue
US-based NJM Packaging has expanded its AUTOSERT family with the introduction of the new hot melt glue outsert applicators, the 277 SIDESERT and 277 TOPSERT, which can be configured to apply side-serts or top-serts to pharmaceutical ...
Tags: Outsert Applicators, Pharma Industry, pharmaceutical containers
A drilling company has been fined $170,000 after pleading guilty to an incident in which a falling gantry crane injured one man and narrowly missed several others working on the Wonthaggi desalination pipeline project in Victoria. ...
Tags: fined, crane, designed gantry, Pezzimenti Laserbore, crane collapse
Icebreaker,the New Zealand company that pioneered the merino wool adventure apparel category,announced it will open a new TouchLab store–more than 8,000 feet above sea level–in Vail,Colorado,on December 14,2012. Icebreaker ...
Tags: Icebreaker, merino wool adventure apparel, outdoor apparel
South African food company Tiger Brands has agreed to acquire 63.4% stake in Dangote Flour Mills, a leading manufacturer of pasta and flour in Nigeria, from Dangote Industries. Tiger Brands announced in May 2012 that it was holding ...
Royal Bank of Scotland’s insurance arm Direct Line being demerged from the parent company is gearing up to slash about 900 employees, as a part of its 100m pounds cost-cutting drive. The auto insurer has drawn an outline to save the ...
Tags: demerge, Royal Bank of Scotland's insurance, Direct Line
The NASCAR racer heavily based on the 2013 Holden Commodore has been unveiled in Las Vegas.Chevrolet took the wraps off its 2013 contender,which closely resembles the Chevrolet SS sedan,a re-badged version of next year's locally made VF ...
Tags: US race car mode, Chevrolet, NASCAR, V8-engined performance sedan
MCC Northern Engineering & Technology Corporation announced that the Concentrating Mill of Yuanjiacun Iron Mine with largest amount of raw ore in Asia had been successfully put into trail run. As of November 19th 2012, the products made ...
Tags: MCC, Yuanjiacun Iron Mine, iron mine