Companies : Page 2729

Volvo completes acquisition of 45% of Dongfeng Commercial Vehicles

January 6, 2015 AB Volvo has completed the acquisition of 45% of the Chinese automotive manufacturer, Dongfeng Commercial Vehicles Co. (DFCV). The purchase consideration amounted to RMB 5.5 billion.

Pfizer acquires Swiss company Redvax

January 6, 2015 Pfizer, Inc. announced that it has acquired a controlling interest in Redvax GmbH, a spin-off from Redbiotec AG, a privately held Swiss biopharmaceutical company, based in Zurich-Schlieren.

Air Arabia to open new international hub in Jordan

January 6, 2015 Air Arabia will open a new international hub at Amman Queen Alia International Airport in Jordan, its fifth fixed-based operation globally, following the acquisition of a 49 percent stake in Petra Airlines.

Statnett expect decision on 2 million euros UK cable in Q1

January 6, 2015 Norway's grid operator Statnett plans to make a final investment decision in the first quarter on a 1.5-2 billion euro ($1.8- $2.48 billion) project to build the world's longest subsea cable to Britain that will secure power supplies in both countries.

The McDonald's mini potato famine is over

January 6, 2015 The fast food giant McDonald's struggled with shortages of the crop due to labor disruptions on the West Coast in the United States.

Full Tilt Ice Cream recalling Dairy Based Ice Cream flavors

January 5, 2015 Full Tilt Ice Cream of Seattle, Washington is voluntarily recalling all Dairy Based Ice Cream flavors (except the non-dairy frozen desserts), sold under brand Full Tilt, because it has the potential to be contaminated with Listeria monocytogenes.

Nasdaq to acquire Dorsey Wright & Associates

January 5, 2015 Nasdaq will acquire Dorsey, Wright & Associates (DWA), a provider data analytics, passive indexing and smart beta strategies.

Morgan Stanley fires employee who stole data on 900 clients and made it public

January 5, 2015 Morgan Stanley fired an employee who had stolen data from 900 of the firm's wealth management clients.

American Airlines pilots union agrees to new contract

January 5, 2015 The pilots union of American Airlines Group has agreed to a new tentative labor contract that includes a pay hike, ahead of the deadline given by the airline to accept the new five-year contract.

LINN Energy to lower capital expenditures by 53%

January 5, 2015 LINN Energy and LinnCo announced that LINN's board has approved a 2015 budget which includes a 53% reduction in oil and natural gas capital expenditures to $730 million, from approximately $1.55 billion in 2014.

GE supplies Saudi Electricity Company with turbines

January 5, 2015 GE has confirmed an order from Saudi Electricity Company (SEC) to supply turbines for the Kingdom's first integrated solar and combined cycle (ISCC) power plant.

Novartis completes divestment of Animal Health business to Eli Lilly for $5.4 billion

January 5, 2015 Novartis has completed effective January 1, 2015 the divestment of its Animal Health Division to Eli Lilly and Company (Lilly) for approximately $5.4 billion.