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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

Cheaper Sugar-sweetened Beverages Will Raise Obesity Concerns: ACS

According to a recent study by the American Cancer Society (ACS), the prices of sugar-sweetened beverages are falling across the globe and the pattern is expected to continue in the near future. Preventing Chronic Disease, the journal that contains this study by the ACS, suggests that it is imperative to regulate the prices of these beverages, as they are at the backbone of growing concerns of obesity and diabetes. Affordability

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

Water Filtration Now at 1000x Less Energy

A new water filtration technique, developed at Princeton University by Dr. Orest Shardt and Dr. Sangwoo Shin, promises to cut the energy consumption in water filtration to a thousandth of the consumption needed for conventional water filtration mechanisms. The technique uses carbon dioxide, to which the colloidal suspension is exposed. This technique could replace popular microfiltration and ultrafiltration techniques. Conventional water filtration techniques require a membrane, which often gets fouled