Author Archives
-
ArcelorMittal SA, Nippon Steel Corp to build electric arc furnace at joint venture factory in Alabama
On Tuesday, ArcelorMittal SA and Nippon Steel Corp will spend $775 million to build an electric arc furnace at their U.S. joint venture in Alabama. They plan on starting a production during the first half of 2023, said Nippon Steel…. Read More ›
-
Movie studio MGM Holdings exploring potential sale
According to a source familiar with the matter at hand, U.S. movie studio MGM Holdings is exploring a sale. MGM Holdings, the studio behind the hugely popular “James Bond” franchise, has tapped investment banks Morgan Stanley and LionTree LLC and… Read More ›
-
easyJet defers taking delivery of 22 Airbus jets
On Tuesday, British airline easyJet stated, it has agreed with Airbus for deferring to take the delivery of aircraft; the finances of the airline, much like its peers, have come under severe pressure during the coronavirus-induced COVID-19 pandemic. easyJet said… Read More ›
-
Norway announces travel restrictions on Britain following discovery of COVID-19 strain
In a statement on Monday, Norway’s health minister said, Flights from Britain to Norway will be suspended with immediate effect for a minimum of 48 following the discovery of a new strain of the coronavirus. On Saturday, British Prime Minister… Read More ›
-
Companies that do not comply to U.S. auditing standards will be debarred from U.S. Stock Exchanges
On Monday, in a statement China said it firmly opposes U.S. President Donald Trump’s bill that would remove any Chinese companies from U.S. stock exchanges unless they adhere to U.S. auditing standards. Chinese companies have tapped the lucrative U.S. stock… Read More ›
-
Lockheed Martin Corp acquires rocket engine manufacturer Aerojet Rocketdyne Holdings Inc for $4.4 billion
In a statement Lockheed Martin Corp said, it has agreed to acquire U.S. rocket engine manufacturer Aerojet Rocketdyne Holdings Inc for $4.4 billion, including debt and net cash. The deal marks Lockheed’s biggest acquisition since its CEO Jim Taiclet became… Read More ›
-
Italian broadcaster Mediaset presses ahead with plan to create pan-European TV champion
On Monday, the CEO of Italian broadcaster Mediaset stated, it plans on creating a pan-European TV champion regardless of whether it can strike a deal to settle a dispute with its second-largest shareholder Vivendi. “We want to go ahead with… Read More ›
-
Switzerland’s competition commission opens investigation against telecoms provider Swisscom
On Thursday, Switzerland’s competition commission (COMCO) stated, it has opened an investigation into Swisscom, a telecoms provider, and ordered the adoption of immediate precautionary measures to allow competitors access to networks during expansion of its optical fiber network. Swisscom is… Read More ›
-
U.S. & EU should iron out differences over subsidies to aircraft manufacturers: USTR
In a significant development, in an interview, U.S. Trade Representative Robert Lighthizer stated the United States and Europe should agree to be on the same page and collaborate in opposing any future “hurtful” subsidies used by China to build up… Read More ›
-
Nokia names Nishant Batra as CTO
On Thursday, in a statement Nokia named Nishant Batra as its chief strategy and technology officer. Batra will also be joining the company’s leadership team from January 18. Batra is currently the CTO at Veoneer, an auto technology group, and… Read More ›
manageria.biz 