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Navinfo, Tencent, GIC to Acquire Minority Stake in Here
Jan 6, 2017Chinese mapping company NavInfo and internet services group Tencent, along with Singapore wealth fund GIC have announced plans to acquire 10% stake in HERE. HERE is a German-based open location platform company owned by automotive majors ...
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Australian Beef Prices to Remain Strong, Rabobank
Jul 5, 2016Australian beef prices are expected to continue remaining strong says a new Rabobank report. According to Rabobank's latest 'Beef Quarterly', Australian cattle prices one again rose to record prices in June 2016. The latest price ...
Tags: beef, beef prices
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Mitsubishi to Acquire 20% Stake in Olam for $1.09bn
Sep 1, 2015Japanese global establishment Mitsubishi has agreed to acquire 20% stake in agri-business firm Olam International, in two deals that are valued at around S$1.53bn ($1.09bn). Under the agreed terms, Mitsubishi will acquire 332.73 million ...
Tags: agri-business, Mitsubishi, edible nuts
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Singulus Has Taken Its Vacuum Coating Systems for Solar Technology
Jun 30, 2015Singulus Technologies AG of Kahl am Main, Germany says that it has taken its product family of vacuum coating systems for solar technology to the next development level and introduced and installed inline sputtering system for copper indium ...
Tags: Singulus, vacuum coating
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McDonald's to Close 350 Restaurants Due to Falling Sales
May 6, 2015Fast-food giant McDonald's Corp. said it would close about 350 restaurants due to the falling sales in Q1. Sales in the Asia-Pacific and Middle East region dropped 8.3 percent, helping bring overall global sales down 2.3 percent, ...
Tags: McDonald's, Fast-food
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General Motors Announced The Exit of Its Opel Brand From Russia Market by December 2015
Mar 20, 2015General Motors has announced the exit of its Opel brand from Russia market by December 2015 as well as planned an overhaul of its entire business model in the country. Apart from taking off its Opel brand, the company will also minimize ...
Tags: Motor, Business Model, Auto Parts
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Sika AG Received a Disclosure Notification From Cascade Investment L.L.C.
Jan 15, 2015The international investors Cascade Investment L.L.C., Bill & Melinda Gates Foundation Trust, Fidelity Worldwide Investment and Threadneedle Investments together holding 8.61% of Sika`s share capital (4.62% of the voting rights) have ...
Tags: long-term prospects, welfare, Construction
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Abraaj' Deciding to Pull out of The Bidding Process
Jan 5, 2015Private equity investing firm Abraaj Group has decided to withdraw from the bidding process for the acquisition of Egypt's BiscoMisr. The company had offered $12.14 per share to purchase up to 100% of the share capital of Egyptian cake ...
Tags: Egyptian cake, biscuit maker, Agriculture
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GigOptix Has Entered Into an Amended and Restated Rights Agreement
Dec 23, 2014GigOptix Inc of San Jose, CA, USA (a fabless supplier of analog semiconductor and optical communications components for fiber-optic and wireless networks) has entered into an amended and restated rights agreement to extend the expiration ...
Tags: stockholder rights, Electrical
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IREPAS: Global Long Steel Product Trade Are Still Tight for The Steel Industry
Apr 2, 2014Speaking at the SteelOrbis 2014 Spring Conference & 70th IREPAS Meeting in Barcelona, Franc Cardona, the marketing and international affairs director of Spanish steel producer CELSA Group, stated that margins in the long steel product trade ...
Tags: Steel, Metallurgy, Mineral
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National Beef Packing Is Set to Shut Its Beef Processing Plant in Brawley
Feb 11, 2014US-based National Beef Packing is set to shut its beef processing plant in Brawley, California, due to a drop in supply of fed cattle. The company expects the last day of production at the plant to be 4 April 2013. The closure will ...
Tags: Beef Packing, Food
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The Largest Gains Will Likely Involve Digital Health and Other Technologies
Jan 3, 2014For the medtech industry, 2014 is unlikely to be a year full of surprises as companies grapple with a health care market wary of big-ticket procedures and items. The largest gains will likely involve digital health and other technologies ...
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Dick Cheney Received a Heart Transplant in 2012.
Dec 20, 2013Earlier this month, Dick Cheney stated that the medical device tax may have killed him if it were in effect in the decades he struggled against heart disease. The former vice president received a heart transplant in 2012. Cheney is ...
Tags: medical device, tax, heart transplant
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FDA 510(K) Approval for Bone Anchored Sound Processors Is Obtained by Oticon Oticon Medica
Dec 20, 2013Oticon Medical, a manufacturer of bone anchored hearing systems, has obtained 510(k) approval the US Food and Drug Administration (FDA) to market its Ponto Plus bone anchored sound processors in regular version (down to a hearing loss of ...
Tags: Oticon Medical, Ponto Plus Bone
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Mongolia's New Legislation Will Help Attract More Investment
Nov 12, 2013Mongolia's new legislation that removes distinction between domestic and foreign companies when it comes to investing in the country will help attract more investment, miners with projects in the region said Friday. From November 1, ...
Tags: Miners, Mining Sector