If you have been dreaming to work at Facebook, then here is the golden chance with the social media giant announcing that it plans to recruit 3,000 people over the next year all around the world for faster response to review and remove videos suggesting violence including murders and suicides. The Facebook hiring announcement came […]
Canadian property and casualty insurer, Intact Financial Corporation has entered into a definitive agreement and plan of merger to acquire leading US specialty insurer OneBeacon Insurance Group for $1.7 billion. Intact Financial OneBeacon Insurance Acquisition Deal As per the terms of the all-cash deal, Intact Financial will pay the shareholders of OneBeacon Insurance $18.10 cash […]
Vizag fire accident news : A fire accident at the Jawaharlal Nehru Pharma City near Visakhapatnam on Tuesday left two employees dead and four injured who had survived burn injuries. The incident happened after a reactor exploded at one of the active pharmaceutical ingredient units at the Vizag pharma city, located about 50kms from Vizagat at […]
British luxury retailer Jimmy Choo which specializes in upscale shoes, accessories, handbags and fragrances, has listed itself up for sale following a review of its business according to the latest retail industry news. Jimmy Choo is mulling over various strategic options it has in a bid to give maximize value for its stakeholders and in […]
Bebe Stores financial news : American women’s clothing retailer Bebe Stores has announced the closing of all its stores by May end after struggling to turn around its business. The latest move from the California-headquartered Bebe Stores will see 168 stores getting closed leaving about 700 jobs at risk, as per the LA Times. Bebe […]
Japanese pharma company Sawai Pharmaceutical will acquire American generic drug maker Upsher‐Smith Laboratories’s generic pharma business for nearly $1.05bn from Acova. The generic drug portfolio of Upsher-Smith’s portfolio features over 30 pharma products which are primarily oral solid preparations. The transaction marks the first overseas acquisition for Sawai Pharmaceutical as per a report in the […]
Stars and Strikes Family Entertainment has started construction of a new Huntsvile entertainment center in Alabama state in the US with an investment of $6 million. The new Huntsvile entertainment center is slated to open in September, and it will create more than 100 jobs for the locals. It will become the tenth Stars and […]
German offshore wind auction : EnBW Energie Baden-Württemberg has been awarded the He Dreiht offshore wind farm project of 900MW capacity, located nearly 85kms north of Borkum island in the German North Sea according to the latest German renewable energy news. This was after the Karlsruhe, Germany-based public utility company had successfully bid for the […]
The 350MW photovoltaic solar power plant built by Indian renewable energy developer, SB Energy, has been commissioned in Kurnool district in Andhra Pradesh. Housed at the state government-owned Ghani Sakunala Solar Park, the 350MW AP solar power plant will convert solar energy into electricity which will be enough to meet the power consumed by about […]
The World Bank has announced a financial support of $600m (around Rs 3,870 crore) to the Indian state of Jharkhand for four new projects, in the next 2-3 years. While, one of them is a water supply and sanitation project, another one is for improving power transmission capacity in the state. The announcements in this […]