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Sonoco under investigation amid competition concerns after Weidenhammer acquisition
2015-01-14 22:35:42| Paper - Topix.net
The UK Government Competition and Markets Authority has started an investigation after it found Sonoco's acquisition of Weidenhammer Packaging Group gives rise to 'a realistic prospect of a substantial lessening of competition'. Sonoco and Weidenhammer both manufacture and supply composite cans for food products such as gravy granules, chocolate powder, crisps, crackers and coffee.
Tags: concerns
competition
investigation
acquisition
Air traffic control tower at Ukraine's Donetsk International Airport collapses amid shelling
2015-01-14 01:00:00| Airport Technology
Russia-backed separatists have destroyed the air traffic control tower at Donetsk International Airport in Ukraine, which has been on the front line of continous conflict, even though a ceasefire was signed in September 2014.
Tags: international
control
air
traffic
Suncor cutting 1,000 jobs, taking $1 billion out of 2015 budget amid oil rout
2015-01-14 00:19:44| Oil & Gas - Topix.net
A pedestrian is reflected in a Suncor Energy sign in Calgary, Monday, Feb. 1, 2010. Suncor Energy Inc. is reducing its workforce by 1,000 and cutting $1 billion from its capital budget in response to plummeting crude oil prices.
Daimler Still Bullish About China Amid BMW Woes
2015-01-13 02:45:51| Auto Dealers - Topix.net
Chief Executive Officer Dieter Zetsche said on Monday he saw no signs of a significant slump in sales for Mercedes-Benz luxury cars in China, even as rival BMW Daimler and BMW expect higher sales in 2015, after reporting record deliveries and higher China sales in 2014. Carmakers are now grappling with a Chinese economy where the pace of car sales is slowing down after years of high double-digit gains.
Brent declines below $49 a barrel amid global oil oversupply
2015-01-12 01:00:00| Offshore Technology
Oil prices declined below $49 on Monday as Goldman Sachs cut the three-month forecast of Brent to $42 a barrel.
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