Future Mobility, a joint venture set up by Foxconn Electronics, Tencent Holdings and China Harmony Auto Holding to develop smart electric vehicles in China, will invest CNY11.6 billion (US$1.69 billion) to build a smart vehicle ...
Tags: Electronics, electric vehicles
Frozen poultry products manufacturer Maxi Canada has been acquired by Altamont Capital Partners, a San Francisco Bay Area based private investment firm, for an undisclosed price. Maxi Canada, which is based in St-Lin-Laurentides, Quebec, ...
Tags: poultry products, Bruer
Polaris Industries has entered into an agreement to acquire Transamerican Auto Parts (TAP), a manufacturer of off-road Jeep and truck accessories, for $665m. After adjusting for the $115m estimated net present value of future tax ...
Tags: Polaris Industries, Auto Parts
If you'd rather have something from Apple in your ears than on your wrist, you're not alone. It seems more iPhone owners want to go wireless with their earphones than buy a Watch. A US survey from Bank of America Merrill Lynch Global ...
Photo Highlights from Day One of the 2016 Worldwide Developers Conference The crowd in front of Bill Graham Civic Auditorium. Tim Cook kicks off the keynote presentation. Bozoma Saint John demonstrates updates to Apple Music. ...
Tags: WWDC16
The Hain Celestial Group announced it has received a limited waiver and extension of certain obligation under its unsecured credit facility from its lenders regarding the delivery of its fiscal year 2016 financial statements and, if ...
Tags: Hain Celestial, limited waiver, extension of credit facility
The Australian Competition and Consumer Commission (ACCC) is inviting comments on a draft undertaking from Metcash which intends to resolve concerns regarding its proposed acquisition of Woolworth’s Home Timber and Hardware. The ...
Stevia ingredient producer PureCircle is planning to invest $200m in India’s stevia infrastructure in the next five years. The company is planning to collaborate with thousands of Indian farmers to plant 5,000 hectares of stevia ...
Tags: PureCircle, Investment, Stevia infrasture
Macfarlane Packaging, a UK-based distributor of protective packaging materials, has launched the new packaging innovation lab in order to help create bespoke, cost effective protective packaging solutions for customers. Located in ...
Crude prices have gone down nearly 30 percent this year, and analysts expect oil prices to remain low for even longer. Boon for consumers Lower oil prices are generally good for US consumers and the economy, said Jason Bordoff, ...
Tags: Oil Prices, Crude Oil
US based auto parts maker LKQ has entered into an agreement to acquire Rhiag-Inter Auto Parts for €1.04bn to expand its presence in European market. Rhiag-Inter Auto Parts is pan-European business-to-business distributor of ...
Tags: LKQ, Rhiag-Inter Auto Parts, Auto
The Furniture Awards, a scheme which sets out to identify the best new products launched at the January Furniture Show, created by Furniture News magazine in partnership with the show’s organiser, will take place again this January. ...
Tags: Furniture Awards, drawers, sofa, Nucleus chair
Leyard Optoelectronic, a leading worldwide provider of LED display products and ancillary systems, and Planar Systems, a global leader in display and digital signage technology, announced they have entered into a definitive merger ...
Tags: Leyard, LED display products
Reuters recently broke Go Scale Capital’s US $1.93 billion loan to acquire Lumileds and former Philips automotive lighting business. The loan will mostly be used to merge with the $2.8 billion financing to acquire 80% of Lumileds ...
Tags: Philips, automotive lighting
Palladium fell to a 1-1/2 month low as investors continued to move away from Exchange Traded Funds [ETFs] in Platinum Group Metals following further fundamental weakness resulting from the Volkswagen emissions scandal and excessive mine ...
Tags: Palladium, PGMs, diesel emissions