Featured Articles in Business

Two Ohio coal plants to close

An electric utility company is closing two coal-fired power plants by next year, citing economic conditions. Dayton Power & Light, a subsidiary of utility giant AES Corp., announced on Monday the closure of the J.M. Stuart and Killen generating stations, following a monthslong review of the plants. They are the latest in a string of Read More…

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Exclusive: U.S., Japanese firms collaborating on new missile defense radars – sources

By Tim Kelly and Nobuhiro Kubo | TOKYO Raytheon Co and Lockheed Martin Corp are working with Japanese partners on rival projects to develop new radars that will enhance Japan’s shield against any North Korean missile strike, government and defense industry sources in Tokyo told Reuters. As nuclear-armed Pyongyang builds ever more advanced missiles with Read More…

Tenaga Nasional Berhad forms Strategic Alliance with Trilliant to Support Innovation and Growth Plans

RALEIGH, N.C., May 23, 2017 /PRNewswire/ — Trilliant and Tenaga Nasional Berhad (TNB) have formed a strategic partnership to support TNB’s nationwide plan for smart meter deployment, along with a joint go-to market strategy to drive innovation and deliver transformative smart communications solutions to utilities across Asia Pacific and other select regions. This approach, steered by Read More…

Acrylic Fibre Market expected to reach a market value of US$ 6,197.82 million by 2026

NEW YORK, May 23, 2017 /PRNewswire/ — Highlights ·         Acrylic fibre, commonly used for manufacturing apparels, outdoor furniture, boat covers, awnings, carpets etc., is a synthetic fibre manufactured in various forms including acrylic staple, tow, and filament. ·         Major demand for acrylic fibre is expected to come from Asia Pacific, Middle East & Africa, and Read More…

CHINT Group Holds 7th International Marketing Forum in Bangkok to Enhance Global Cooperation

BANGKOK, May 23, 2017 /PRNewswire/ — CHINT Group (“CHINT”), a leading Chinese company in the fields of industrial electrical equipment production and clean energy, hosted its seventh International Marketing Forum (CIMF) in Bangkok, Thailand from May 20-23, 2017. The gathering is a step forward for CHINT in bringing sales and marketing partners closer for insight sharing Read More…

Wind Energy Foundation Market is expected to reach USD 241.14 billion by 2024

NEW YORK, May 22, 2017 /PRNewswire/ — Highlights ·         The global wind energy foundation market is expected to reach USD 241.14 billion by 2024, according to a new report by Grand View Research, Inc. ·         Increasing concerns over depleting petroleum resources has resulted in influencing growing demand for renewable energy. ·         Increasing global population and Read More…

Jack Ma’s Ant Financial close to buying MoneyGram

Chinese billionaire Jack Ma’s Ant Financial is moving closer to getting regulatory approval to buy MoneyGram, The Post has learned — despite concerns in Washington about money laundering. “Ant and its advisers are working very constructively with [federal regulators]” to close the $1.2 billion MoneyGram acquisition, a source close to the situation said, referring to Read More…

Compressed Air Treatment Equipment Market is expected to reach 11.2 billion USD by 2025

NEW YORK, May 22, 2017 /PRNewswire/ — Highlights ·         The global compressed air treatment equipment market is expected to reach USD 11.2 billion by 2025, according to a new report by Grand View Research, Inc. ·         Ambient air usually contains contaminants that are drawn into the compressor and pose the chance of contaminating compressed air. Read More…

Fiber Optic Connector Market expected to reach USD 5.9 billion by 2025

NEW YORK, May 22, 2017 /PRNewswire/ — Highlights ·         The global fiber optic connector market is expected to reach USD 5.9 billion by 2025, according to a new report by Grand View Research, Inc. ·         The fiber optics segment is expected to grow, significantly, over the forecast period. ·         Fiber optic connectors have huge potential Read More…

Ford names Hackett as CEO to tackle car rivals, Silicon Valley

By David Shepardson and Joseph White | WASHINGTON/DEARBORN, Mich. Ford Motor Co (F.N) abruptly named James Hackett as chief executive on Monday, responding to investors’ growing unease about the U.S. automaker’s slumping stock price and its ability to counter threats from longtime rivals and Silicon Valley. Ford Chairman Bill Ford Jr., whose family effectively controls Read More…

Brazilian Meatpacker JBS Shares Fall 30% Amid Insider-Trading Accusations

SÃO PAULO—Shares of Brazilian meatpacker JBS plunged more than 30% Monday, costing the company about $2 billion, after President Michel Temer accused its owners of insider trading as part of a bitter battle over the country’s corruption scandal. JBS’s shares have slumped since its executives said in documents made public last week by the country´s Read More…

Exclusive: North American carmakers want rules of origin in NAFTA left untouched – Mexico lobby

By Anthony Esposito and Sharay Angulo | MEXICO CITY The auto industries of the United States, Canada and Mexico agree there should be no changes to rules of origin in the North American Free Trade Agreement (NAFTA), the president of the Mexican automakers’ association said on Monday. Under the trade deal between the United States, Read More…

Perrigo Files 2016 Form 10-K With Restated Financial Statements; Reports Fourth Quarter And Calendar Year 2016 Financial Results; Announces 2017 Annual Meeting Date

DUBLIN, May 22, 2017 /PRNewswire/ — Comprehensive Form 10-K reflects accounting treatment of historical Tysabri® royalty stream as a financial asset No impact on net cash flows or previously closed sale of Tysabri® Revised previously reported 2016 guidance to reflect the new accounting treatment for Tysabri® at its statutory tax rate of 12.5%: 1) reported Read More…

Chesapeake Energy Corporation Announces Pricing Of Private Placement Of $750,000,000 Of Senior Notes

OKLAHOMA CITY, May 22, 2017 /PRNewswire/ — Chesapeake Energy Corporation (NYSE: CHK) today announced that it has priced its private placement to eligible purchasers of $750,000,000 aggregate principal amount of 8.00% senior notes due 2027 (the “notes”).  The notes will bear interest at a rate of 8.00% per annum, payable semi-annually on June 15 and December Read More…

Hannon Armstrong Managing Director Susan Nickey Elected to American Wind Energy Association (AWEA) Board

ANNAPOLIS, Md., May 22, 2017 /PRNewswire/ — Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“Hannon Armstrong,” or the “Company”) (NYSE: HASI), a leading investor in sustainable infrastructure, including energy efficiency and renewable energy, announced today that Managing Director Susan Nickey has been elected to the board of directors of the American Wind Energy Association (AWEA), the premier Read More…

Global $4.96 Billion Refinery Catalysts Market Shares, Strategies, and Forecasts 2017-2023 – Research and Markets

The market for refinery catalysts in the oil refining sector at $4,967 million in 2016 is expected to be worth $6,490 million by 2023, growing at 3.8% on average between 2017 and 2023. There are 500 FCC units being operated globally, each of which requires a constant supply of FCC catalysts. There are 3,000 HPC Read More…

Zhaopin Limited Reports Third Quarter of Fiscal Year 2017 Financial Results

BEIJING, May 22, 2017 /PRNewswire/ — Zhaopin Limited (NYSE: ZPIN) (“Zhaopin” or the “Company”), a leading career platform[1] in China focused on connecting users with relevant job opportunities through their career lifecycle, today announced its unaudited financial results for the third quarter ended March 31, 2017. Throughout the release, one ADS represents two Class A ordinary shares. Fiscal year Read More…

PBF Energy Announces Pricing of $725 Million of 7.25% Senior Notes due 2025

PARSIPPANY, N.J., May 22, 2017 /PRNewswire/ — PBF Energy Inc. (NYSE: PBF) (“PBF Energy”) announced today that its indirect subsidiary, PBF Holding Company LLC (“PBF Holding”), priced $725 million in aggregate principal amount of 7.25% senior notes due 2025 (the “Notes”) in a private offering. The offering is expected to close on May 30, 2017, subject Read More…

Amy Roberts Announced as Judge for 2017 Nellie Cashman Woman Business Owner of the Year Award

SEATTLE, May 22, 2017 /PRNewswire/ — BDO USA, LLP, one of the nation’s leading accounting and consulting organizations, today announced that Spokane Partner Amy Roberts has been selected to serve as one of five judges who will help select the recipient of this year’s prestigious Nellie Cashman Woman Business Owner of the Year award (the Read More…

Zion Oil & Gas Launches New Stock Unit Option

DALLAS and CAESAREA, Israel, May 22, 2017 /PRNewswire/ — Zion Oil & Gas, Inc. (NASDAQ: ZN) announces its new Unit Option program under its Dividend Reinvestment and Common Stock Purchase Plan (DSPP).  “In anticipation of finally spudding our long-awaited Megiddo-Jezreel #1 well, we are launching our new $250 Unit Option that enables potential investors to quickly Read More…

Tannin Market to Reach $3.3 Billion by 2025 – Increasing Demand from the Leather Industry – Research and Markets

DUBLIN, May 22, 2017 /PRNewswire/ — Research and Markets has announced the addition of the “Tannin Market Analysis By Sources (Plants, Brown Algae), By Product (Hydrolysable, Non-hydrolysable, Phlorotannins), By Application (Leather Tanning, Wine Production, Wood Adhesives, Anti-corrosive Primers), And Segment Forecasts, 2014-2025” report to their offering. The global tannin market is expected to reach USD Read More…

Tarena International, Inc. Announces First Quarter 2017 Results

First Quarter Net Revenues up by 23.5% Year-Over-Year, exceeding guidanceFirst Quarter Student Enrollment up by 20.6% Year-Over-YearReaffirms Full Year 2017 Net Revenues Guidance of RMB1,990-2,070 million BEIJING, May 22, 2017 /PRNewswire/ — Tarena International, Inc. (NASDAQ: TEDU) (“Tarena” or the “Company”), a leading provider of professional education services in China, today announced its unaudited financial results Read More…