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Ethiopian Airlines flying to Somalia after 4 decades
Ethiopian AirlinesSaturday November 10, 2018 5:34AM ET
The resumption of service came 41 years after Ethiopian Airlines Group stopped service to Mogadishu, and follows a declaration of cooperation signed in September between Ethiopia\'s and Somalia\'s leaders, and the president of their Horn of Africa neighbor, Eritrea.
Sasol to reverse provision over tax dispute
SasolSaturday November 10, 2018 4:40AM ET
South African petrochemicals group Sasol said on Friday it will reverse a provision of 1.3 billion rand ($91 million) after a previous unfavourable ruling over a tax dispute with the revenue service was overturned on appeal.
Premier Tech to invest $1.89 million to expand production facility in Virginia
Premier TechFriday November 9, 2018 2:46PM ET
Premier Tech will invest $1.89 million to expand its peat moss and pine bark mixing and distribution facility in King and Queen County, Va.
German broadband group calls on EU to block Liberty deal
VodafoneFriday November 9, 2018 2:21PM ET
In agreement with the German Federal Ministry for Economic Affairs and Energy the Bundeskartellamt has requested the referral of the Vodafone/Liberty merger case in as far as markets in Germany are concerned.
German regulators approve 5 billion euros Karstadt-Kaufhof merger
Galeria KaufhofFriday November 9, 2018 2:18PM ET
The Bundeskartellamt has cleared the merger between Karstadt Warenhaus and Galeria Kaufhof.
Israel Chemicals sells potash to Chinese companies in estimated 870 million deal
Israel ChemicalsFriday November 9, 2018 8:41AM ET
Israel Chemicals (ICL) company announced that it had signed one of the largest potash supply agreements in its history, in which it will supply three million tons of potash to Chinese customers in an estimated deal of 870 million U.S. dollars for three years.
Workers to end strike at Shougang iron ore mine in Peru
ShougangFriday November 9, 2018 8:30AM ET
Reuters reported that workers at Chinese company Shougang Group’s iron ore mine in Peru will return to work on Wednesday after government labor authorities ordered the company to hike wages, a union leader said.
II-VI Incorporated to acquire Finisar
FinisarFriday November 9, 2018 8:28AM ET
II-VI Incorporated and Finisar Corporation announced that they have entered into a definitive merger agreement under which II-VI will acquire Finisar in a cash and stock transaction with an equity value of approximately $3.2 billion.
Hershey Foods to purchase 450,000 shares from Hershey Trust Company
Hershey CompanyFriday November 9, 2018 7:14AM ET
The Hershey Company announced today that it has agreed to purchase 450,000 shares of its common stock from Hershey Trust Company, as Trustee for the Milton Hershey School Trust, for approximately $48 million, or $106.30 per share.
Albemarle freezes Chile expansion plans. 'It is not a big deal, OK?'
Albemarle corpFriday November 9, 2018 7:13AM ET
Albemarle chief executive officer on Thursday defended a previously announced process the company has said could boost lithium production in Chile, but then postponed two expansion projects that would have needed the new technology to be successful.
EDF signs deal for 1.2 billion euro Cameroon hydro project
EDFFriday November 9, 2018 7:12AM ET
EDF Group signed an agreement on Thursday to build and operate a 1.2 billion euro ($1.37 billion) hydropower project in Cameroon, the first step in a plan to expand its hydropower business in Africa.
Implenia builds one of Sweden’s longest bridges
Lilla LidingöFriday November 9, 2018 6:53AM ET
The municipality of Lidingö near Stockholm has commissioned Implenia to build a new bridge over the Lilla Värtan strait and then demolish the old bridge.
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