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Profit target for Kobelco down 58% as China's economy slows down
Feeling the heat over the China's economy slowing down, Kobe Steel Ltd has reduced its profit target by 58 percent for its construction machinery unit Kobelco Construction Machinery.
NASA redesigns heat shield for Orion's EM-1 space mission in 2018
NASA is gearing up the Orion heat shield for its first space mission, the EM-1, in 2018. The new heat shield must survive extreme temperatures upon its travel to space.
Energy Transfer Equity to acquire William Cos for $33B
The Dallas-based Energy Transfer Equity LP has decided to buy Williams Cos in a $32.6-billion deal. The acquisition will pave the way for developing a huge 100,000 miles network of natural gas pipelines in the US.
Qatar plans $35B investment in US market
The Qatar Investment Authority (QIA), the Doha-based sovereign wealth fund of the world's richest nation by per capita income manages over $300 billion, has opened its office in New York and earmarked $35-billion investment over next five years in the US business opportunity.