Energy Transfer Equity to acquire William Cos for $33B
The Dallas-based Energy Transfer Equity is taking over Williams Cos in a $32.6B deal including cash and other options. The deal is expected to make the combined entity one of the global top-five players in the energy sector as Williams Cos' huge 100,000 miles network of pipelines will further strengthen Energy Transfer Equity.
Sep 29, 2015 2:37 AM EDT
Panasonic aims $2B revenues from smart phone biz
After its previous unsuccessful efforts in the smart phone business, Panasonic is making a comeback. It's planning to push sales volume by three times in next three years to reach $2-billion revenues target. Panasonic has decided to make India as its base for expanding in Africa, Middle East and South Asian markets.
NASA redesigns heat shield for Orion's EM-1 space mission in 2018
NASA is redesigning the Orion heat shield for its EM-1 space mission in 2018. They came up with a new strategy that will save costs and reduce manufacturing time.
Profit target for Kobelco down 58% as China's economy slows down
Chinese economy slowdown is adversely impacting Japanese construction and equipment manufacturers. Kobe Steel has reduced profit forecast for its unit Kobelco Construction Machinery by 58 percent. The drop in sales is likely to continue in 2016 year also.
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Caterpillar's part suppliers are feeling the economic slowdown too
J-TEC and Acme Industries are among Caterpillar's biggest parts supplier that have been following Caterpillar footstep and reducing their workforce. Ever since Caterpillar sales went down, the company has pushed back some of its future parts orders causing a lost for these suppliers.
Sep 28, 2015 9:41 PM EDT
Oil traders stockpile at sea amid rising glut
The ever increasing surplus in oil production is boosting more demand for storage facility. The Contango opportunity is driving traders to store more oil on shore storage capacities. Many global oil companies and traders as well are booking tankers for next one year.
Sep 28, 2015 9:25 PM EDT
Gates Foundation sues Petrobras and Auditor for Fraud
The list of Petrobas’ problems just grew larger as The Bill and Melinda Gates Foundation recently joined the plaintiffs who are suing the company over its treachery and corruption.
Sep 28, 2015 8:59 PM EDT
Mark Zuckerberg speaks at UN: Internet access can eradicate extreme poverty
Mark Zuckerberg says connecting the world to the internet will alleviate poverty. Facebook Founder Mark Zuckerberg recently spoke at UN and says there is more that can be done that's why he and Microsoft founder Bill Gates, along with Wikipedia founder Jimmy Wales, and U2 front man Bono rallied to eradicate poverty by bringing internet access all over the world.
Sep 28, 2015 8:41 PM EDT
VW scandal exposes cozy ties with Berlin
The 413 billion euros could be the reason why there is a strong tie between Berlin and the German automobile industry.
Sep 28, 2015 7:05 PM EDT
Australia's Vocus to acquire its rival M2 Group for A$1.93B
Vocus Communications agreed to buy the M2 Group for A$1.93B. The merging will make them the fourth largest telecom company in Australia and third in New Zealand.
Sep 28, 2015 9:41 AM EDT
BlackBerry Priv is now official - here's how it compares to iPhone
BlackBerry just launched Priv, it’s very first Android phone that has specs that come close to the latest series of iPhones.
Sep 28, 2015 9:16 AM EDT
From an iPhone to a Tesla car, how much energy do these devices really use?
Everything that consumes electricity costs money. Exactly how much it is has recently been filed into one report.
Sep 28, 2015 8:57 AM EDT
Giant companies to combat climate change through renewable energy
Peole around the world is ignoring the harmful effects of climate change may bring. And now that we are experiencing its wrath, countries and companies pledged to use renewable energy to fight climate change hoping it's not too late.
Sep 28, 2015 8:41 AM EDT
Bank of America sees signs of recovery in Russian economy
Russian economy is poised for a marginal recovery, predicts Bank of America. The corporate firms posted 43 percent growth in profits for the first half of 2015. The rise in proficts will translate into capital investments in the near future, say economists.
Sep 28, 2015 5:16 AM EDT
Volkswagen new CEO to steer German auto maker on the right track
Reacting first time on the emission results rigging scandal after assuming the new position, Matthias Müller, the new CEO of trouble-hit Volkswagen, has assured investors and customers that such misconduct will never happen again.
Sep 28, 2015 4:35 AM EDT
Google to install high-speed public Wi-Fi on 400 railway stations in India
Sundar Pichai announced Google will put up a public Wi-Fi to 400 train stations in India. It would be the largest public Wi-Fi in the country with the number of users. The project is part of Google's Project Loon.
Sep 28, 2015 1:39 AM EDT
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