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Helio Resource to buy Gaban and Tinka in Peru
Helio ResourceThursday May 16, 2019 8:26AM ET
Helio Resource announced that, subject to TSX Venture Exchange (“TSXV”) approval, it has signed a Letter of Intent (LOI) with Palamina to acquire the Gaban gold project and the Tinka Iron Oxide Copper Gold project, both located in Peru.
Huawei says it's willing to sign 'no-spying' deal with UK
Liang HuaThursday May 16, 2019 8:21AM ET
Huawei is \"willing to sign no-spy agreements with governments\" including the UK, its chairman Liang Hua said.
Halton Group expanding its Kentucky operations and manufacture of air handling units
Halton GroupThursday May 16, 2019 7:21AM ET
Halton will open a new US production unit of about 40,000 sq ft (3,700 sq meters) close to their existing plant in Kentucky.
Arkema to buy U.S.-based ArrMaz in deal worth $570 million
Arkema buys ArrMazThursday May 16, 2019 7:18AM ET
Arkema will buy U.S. company ArrMaz in a deal worth $570 million on an enterprise-value basis.
Tata Chemicals and TGBL to merge and come under Tata Consumer Products
Tata ChemicalsThursday May 16, 2019 5:42AM ET
The Boards of Directors of Tata Global Beverages Limited (\"TGBL\") and Tata Chemicals Limited (\"TCL\"), at their respective meetings, have approved the de-merger of the Consumer Products Business of TCL into TGBL through a National Company Law Tribunal (\"NCLT\") approved scheme of arrangement.
Nestlé enters into exclusive negotiations to sell Nestlé Skin Health for CHF 10.2 billion
Nestlé Skin HealthThursday May 16, 2019 4:54AM ET
Nestlé announced that it has entered into exclusive negotiations with a consortium led by EQT and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for the sale of Nestlé Skin Health for a value of CHF 10.2 billion.
Hainan Airlines opens Beijing-Oslo direct flight service
Hainan AirlinesThursday May 16, 2019 4:43AM ET
Hainan Airlines began a direct flight service between Beijing and Norway\'s capital city Oslo, which is the first non-stop service between China and the Nordic country.
Daimler and BMW put Hungary investments on hold
DaimlerThursday May 16, 2019 4:25AM ET
Daimler AG and BMW are putting their investments in Hungary on hold as the industry struggles with lower demand and the threat of higher auto tariffs by the United States, business daily Handelsblatt reports.
Virgin Galactic moving commercial operations base, 100 workers to New Mexico
Virgin Founder Sir Richard BransonWednesday May 15, 2019 3:46PM ET
Virgin Galactic announced that the space company plans to relocate more than 100 employees, comprising its entire commercial spaceflight operations base, to New Mexico’s Spaceport America.
Caesars Entertainment announces sale of its interest in Emerald Resort
Caesars EntertainmentWednesday May 15, 2019 3:14PM ET
Caesars Entertainment Corporation announced that it has agreed to sell its South African property Emerald Resort and Casino to Peermont Hotels, Casinos and Resorts, a Johannesburg based hospitality and entertainment company for total proceeds of $49.0 million, which implies a 7.9x multiple on 2018 EBITDA of $6.2mm.
Santander plans to cut more than 3,700 jobs in Spain
SantanderWednesday May 15, 2019 9:56AM ET
Santander plans to close 1,150 branches in Spain and cut just over 3,700 jobs, or around 11 percent of its workforce in the country, the Spanish union Comisiones Obreras said in a statement.
Fur flies as auction house sheds employees
Kopenhagen FurWednesday May 15, 2019 9:52AM ET
Kopenhagen Fur, the world’s largest fur auction house, is having to cut its (fur) coat according to its cloth as between 130 and 150 employees, every fourth worker, can expect to be made redundant before the summer.
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