Business

Amazon Announces Mother’s Day Sale on Hardware

This Mother’s Day, Amazon intends to have a spring hardware sale. Surprisingly, the Echo smart speaker and Kindle line is on sale. Yes, you got that right! The Echo, which has never been on a discount since last year, is finally on sale and music lovers can at last make the purchase without burning a hole in their pockets! What’s more- the Kindle Oasis will also be on sale for

Hyundai Heavy’s U$14.8 Bn Split Flings Doors Wide Open for Deals

In a major move that has opened up the doors to a number of deals in the shipbuilding industry, Hyundai Heavy Industries Co. on Wednesday split into four entities, with the combined market value amounting to US$14.8 billion. The second-largest shipbuilder in the world, Hyundai Heavy’s move is driven by its attempt to save all of its divisions from a financial crisis. The shipping conglomerate has divided its operations into

Akzo Nobel Declines Third Takeover Bid from PPG Industries

Dutch company Akzo Nobel, which makes Dulux paints, on May 08 2017, rejected a third takeover offer by its U.S. rival PPG Industries. Akzo has rejected PPG’s offer worth US$28.8 bn including debt, saying it’s too low and reflected antitrust risks and a lack of cultural understanding of the brand. The company believes that its own strategy ensures superior and sustainable growth and is lucrative for shareholders and all other

FuelCell Energy Wins Contract to Power Submarine Base in Groton

In what is being perceived as a major boost to the shareholders of the FuelCell Energy, Inc. and overall fuel cell market, the company has procured the contract to construct two power plants at Gorton’s submarine base. This long-term power supply agreement with the Connecticut Municipal Electric Energy Cooperative, in association with Gorton Utilities, means that FuelCell Energy will install their SureSource 4000 plants and generate an output of 7.4

BASF to Collaborate with HP Indigo for New Water-based Adhesive Solution

BASF, the global chemical giant, is known to have entered into a strategic partnership with HP Indigo, a game changer in digital package printing, to work on a new development. It centers on the formulation of a new waterborne adhesive for packaging that is flexible. It would be designed to cater mainly to the unique needs of the HP Indigo “Electroink” printing process, an exceptionally flexible and speedy digital printing