According to a statement from the Pentagon, Cardinal Health 200 LLC, a unit of Cardinal Health Inc, has been awarded a maximum $2.25 billion modification for a contract with the Defense Logistics Agency for ordering and distribution of medical surgical… Read More ›
Strategy
Volkswagen new energy vehicle plant in Shanghai to begin production in 2020
In a statement Volkswagen’s CEO Herbert Diess disclosed production at Volkswagen’s and SAIC Motor Corp’s $2.5 billion new energy vehicle plant in Shanghai has commenced. He made these comments to reporters while taking a tour of the plant. In a… Read More ›
General Dynamics Corp wins $732 million U.S. defense contract
According to a statement from the Pentagon, General Dynamics Corp has been awarded a $732 million U.S. defense contract for sustainment of the Mobile User Objective System ground system, which is a narrowband military satellite communications system.
Carl Icahn sells a third of his shares in Occidental Petroleum
In an open letter letter to shareholders, activist investor Carl Icahn, who has been waging a bitter battle against Occidental Petroleum Corp’s $38 billion acquisition of Anadarko Petroleum, disclosed, he has cut his holdings in the company by nearly a… Read More ›
China’s Exports Drop Less Than Expected Amid Hopes Of A Partial Deal With US
Even as China is attempting to finalize a partial trade deal with the United States, some relief came for Beijing because the contraction of the exports and imports of the country for the month of October was less than expected… Read More ›
EU Chief Says No Tariffs On European Cars Will Be Imposed By Trump
No announcement of tariffs on import of European cars into the United States will be announced by Washington next week. This was said by the outgoing president of the European Commission Jean-Claude Juncker. A decision about whether to implement new… Read More ›
EasyJet And Jet2 Buys Out All Airport Slots Of Thomas Cook
All of the take-off and landing slots in te airports in the United Kingdom that were earlier owned by the now collapsed travel company Thomas Cook has been bought out by EasyJet and Jet2.com. The UK government’s liquidation service said… Read More ›
New Sparkling Water Brand Unveiled By Coke, First Brand In Over A Decade
A new brand in over a decade’s time was unveiled by the one of the largest soft drink companies in the world Coca Cola on Thursday – a line of new sparkling water. The new line of water called AHA… Read More ›
Toyota unveils $1.8 billion share buyback through March 2020
Toyota’s second quarter profit profits have been 9 analysts’s estimate as per Refinitive data. On Thursday, Toyota Motor Corp unveiled a $1.8 billion share buyback after reporting a more-than-expected quarterly profits, on the back of improved global sales. Toyota Motor… Read More ›
Cuba attracts $1.7 billion in foreign direct investments
Faced with a cooling economy, Cuba aims to boost its economy with its annual trade fair in Havana. Cuba’s Trade Minister Rodrigo Malmierca told a news conference at Cuba’s annual trade fair in Havana that Cuba has attracted foreign investments… Read More ›