King Abdullah bin Abdul Aziz of Saudi Arabia launched mega investments to create jobs. King Abdullah bin Abdul Aziz of Saudi Arabia launched different development projects amounting to SR327 billion or US$81 billion on Thursday.
Industrials
Lockheed Martin commences plans to make US Army equipment upgrades less expensive
Lockheed Martin announced that it is developing a plan to make the upgrades of equipment that will be used by next-generation helicopters of the US Army more convenient and less expensive.
Ultra Electronics Holdings seeks expansion of non-military biz to fuel growth
Ultra Electronics Holdings announced the expansion of its non-military business to fuel growth as countries' defense spending drops.
2M Group receives follow-up fund from Investec
Investec gave follow-up financing to 2M Group Limited today. Investec Growth and Acquisition Finance handed out a follow-up financing to 2M Group Limited, an existing client who owns Surfachem and Banner Chemicals.
TCI demands EADS to dispose Dassault Aviation stake
The Children's Investment Fund demanded European Aeronautic Defence and Space Company to sell the 46% stake the latter holds in Dassault Aviation.
Latest News
Chinese organizations accused Apple Inc's supplier Foxconn and Taiwanese supplier UniMicron Technology Corp of environmental violations.
General Motors Co appointed Tim Lee as the new chairman of its Chinese unit as it gears up for expansion in its largest single market.
Illinois Tools Works Inc. looked into buying back USD6 billion shares after investor Ralph Whitworth placed the company under pressure to increase its profit.
Today, Actuant Corporation announced signing a deal to acquire Viking SeaTech for USD90 million. Actuant Corporation was established in 1910 and operates as a diversified industrial company with businesses in more than thirty countries.
Crossroads C&I closed its buy of GlassCell Isofab, a Canadian thermal and acoustical insulation products distributor and fabricator.
Immofinanz announced that they are currently looking into the acquisition of more than 900 homes located in the northern part of Germany.
Kabe Exploration announced today that it will invest in its joint venture partner International Equity Partners Oil and Gas Inc.
Viacom doubled up its stock buyback program to US$20 billion which resulted in a surge in the company's shares.
Kazakhmys Plc and its shareholders announced that they are have approved the bid from ENRC founders for stake sale.
