Franchise News
United Bankshare to Acquire Bank of Georgetown, Enhance Existing Footprint in DC Metro Region
DuPont Names Edward Breen Chairman and CEO, Investors Expect Major Changes to the Company
GE and Alstom Win Contracts to Supply Locomotives in India's Railways, Combined Contracts Worth $5.6 Billion
General Electric (GE) announced in a press release that it has received a Letter of Award from the Ministry of Railways in India for a locomotive supply and maintenance contract. The company will be building a new factory and supplying Indian Railways with 1,000 diesel locomotives that are worth approximately $2.6 billion over 11 years. Anil Saxena, a spokesman for Indian Railways, told Reuters that France’s Alstom has also been picked to develop and supply 800 electric locomotives valued at $3 billion.
Latest News
Peabody Reached Agreement with New York Attorney General Regarding Risk Disclosure that Arises from Climate Change, End Misleading Statements
New York Attorney General Eric T. Schneiderman has announced in a press release that it has secured an agreement with Peabody Energy Corporation to end its misleading statement and to disclose to investors and shareholders the risks that arises from climate change.
Canadian Pacific to Explore Takeover of Norfolk Southern, Attempting to Consolidate the North American Railroad Industry
Canadian Pacific Railway Ltd. is exploring a takeover of U.S. carrier Norfolk Southern Corp., people familiar with the matter told Bloomberg. The move is an attempt to consolidate the North American railroad industry.
Several Retailers Will Still Open at 6 P.M. on Thanksgiving Day, Betting that Millions Still Want to Shop on that Day
Several of the biggest retailers in the U.S. will still be sticking to what’s become a Black Friday shopping tradition and open their stores at 6 p.m. on Thanksgiving Day, according to a report from USA Today. These retailers are betting that millions of people would still want to shop on Thanksgiving.
Lufthansa Announces Cancellation of 929 Flights Due to Labor Union Strike, Discussions on Retirement and Wage Issue Broke Down
Lufthansa AG, Germany’s airline, has canceled about 929 continental and intercontinental flights on Monday, November 9, 2015, according to travel information published by Lufthansa. The cancellations were due to the Independent Flight Attendant’s Organization (UFO) call for strike action, which is continuing for a third day, on Lufthansa’s flights to and from Frankfurt, Dusseldorf, and Munich.
Singapore Airlines to Buy Remaining Shares of Tiger Airways, Plans to Delist, Privatize Airline
Singapore Airlines (SIA) has announced in a press release that it is launching a voluntary conditional general offer for all the shares of Tiger Airways that it does not already own. SIA, who currently owns 55.8 percent of Tiger Airways, plans to delist and privatize the budget airline through the offer.
Several Volkswagen Engineers Admit Rigging CO2 Emissions, Goals Set by Former CEO Difficult To Achieve
Several engineers at Volkswagen have admitted to manipulating the carbon dioxide emissions data to pass the emission testing, according to a report from Reuters. The engineers rigged the carbon dioxide emissions because the goal set by former CEO Martin Winterkorn were difficult to achieve.
Weyerhaeuser to Buy Plum Creek, Create World's Premier Timber, Land and Forest Products Company
Weyerhaeuser Company, one of the world's largest private owners of timberlands, has announced in a press release that it would be acquiring Plum Creek Timber Co. The combination of the two companies would create the world’s premier timber, land and forest products company.
BPA Close to Releasing Decision on High-Powered Transmission Line Plan , BPA will Release Final Environmental Impact of the Plan
The Bonneville Power Administration (BPA) is close to releasing its decision regarding the high-powered transmission line between Washington and Oregon, according to a report from The Columbian. The BPA plans to release it’s a final environmental impact statement on the project by the end of the year.
Alibaba Acquires Youku Tudou, Looking to Stream More Content to Chinese Internet Users
Alibaba Group Holding Limited announced in a press release that it will be acquiring Youku Tudou, Inc. in an all-cash transaction. Jack Ma, the founder and executive chairman of Alibaba Group, is looking to stream more content to Chinese Internet through Youku.
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