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Clearlake Capital explores sale of Team Technologies for more than $1 bln – sources

Reuters
NEW YORK, June 29 (Reuters) – Private equity firm Clearlake Capital Group is exploring a sale of medical products manufacturer Team Technologies Inc for more than $1 billion, including debt, according to people familiar with the matter. Clearlake Capital is working with an investment bank on a sale process for......

Three dead in Amtrak train crash and derailment in Missouri

Reuters
June 27 (Reuters) – An Amtrak train carrying more than 200 passengers derailed in northern Missouri on Monday after hitting a dump truck at an uncontrolled crossing, killing two aboard and a person in the truck, and injuring at least 50, officials said. Eight cars and two locomotives derailed, Amtrak......

U.S. FDA halts sales of Juul e-cigarettes in nicotine crackdown

Reuters
June 23 (Reuters) – The Food and Drug Administration on Thursday blocked Juul Labs Inc from selling its e-cigarettes in the United States, potentially dealing a fatal blow to the once high-flying San Francisco company. Following a nearly two-year-long review of scientific and public health data submitted by the company,......

Elon Musk’s SpaceX fires at least five over critical letter

Reuters
June 17 (Reuters) – Private rocket company SpaceX fired at least five employees after it found they had drafted and circulated a letter criticizing founder Elon Musk and urging executives to make the firm’s culture more inclusive, two people familiar with the matter said. SpaceX did not immediately respond to......

Elon Musk sued for $258 billion over alleged Dogecoin pyramid scheme

Reuters
NEW YORK, June 16 (Reuters) – Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency. In a complaint filed in federal court in Manhattan, plaintiff Keith Johnson accused Musk, electric car company Tesla Inc......

Coke bottler Coca-Cola HBC depleting stock in Russia

Reuters
Coca-Cola bottles are seen on sale in central St. Petersburg, Russia, August 6, 2014. REUTERS/Alexander Demianchuk/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 16 (Reuters) – Bottler Coca-Cola HBC AG (CCH.L) and its existing customers in Russia are “in the process of depleting stock,”......

IKEA puts Russian factories up for sale, plans job cuts

Reuters
Stores in Russia will remain closed Will seek to sell factories Aims to reduce 15,000-strong workforce Ingka’s 14 “MEGA” shopping malls in Russia to stay open STOCKHOLM, June 15 (Reuters) – IKEA said on Wednesday it would sell factories, close offices and reduce its 15,000-strong workforce in Russia, the latest......

Europe imports more South African coal as Russian ban looms

Reuters
JOHANNESBURG, June 15 (Reuters) – European countries, scrambling to secure alternatives to Russian coal, imported 40% more coal from South Africa’s main export hub in the first five months of this year than over the whole of 2021, figures obtained by Reuters showed on Wednesday. South Africa’s Richards Bay Coal......

Norway oil firms, workers agree wage deal in principle, avert strike for now

Reuters
The West Hercules drilling rig leaves Skipavika, Norway April 1, 2018. REUTERS/Gwladys Fouche/File Photo Register now for FREE unlimited access to Reuters.com Register OSLO, June 12 (Reuters) – Norwegian oil firms and employees have agreed in principle a new wage deal, avoiding for now a strike at nine fields that......

Norway negotiators work overtime to avert oil strike

Reuters
A general view of Equinor’s Johan Sverdrup oilfield platforms in the North Sea, Norway, December 3, 2019. REUTERS/Ints Kalnins/File Photo Register now for FREE unlimited access to Reuters.com Register OSLO, June 12 (Reuters) – Norwegian oil workers and their employers have extended wage negotiations past a midnight deadline in a......

EXCLUSIVE CVC explores $2 billion sale of software firm VelocityEHS -sources

Reuters
June 10 (Reuters) – Private equity firm CVC Capital Partners is exploring a sale of VelocityEHS for as much as $2 billion, seeking to capitalize on a boom in demand for compliance software in the corporate world, three people familiar with the matter said. CVC is working with U.S. investment......

Australia’s $3.6 bln Snowy hydro project faces delay to 2028 -report

Reuters
MELBOURNE, June 10 (Reuters) – Australia’s A$5 billion ($3.6 billion) expansion of the country’s biggest hydro scheme faces a delay of up to 19 months, pushing start-up of the massive energy storage project out to 2028, the Australian Financial Review reported on Friday. The delay was due to a string......

Gunman opens fire at Maryland factory, killing three

Reuters
WASHINGTON, June 9 (Reuters) – A gunman opened fire at a manufacturing facility in northern Maryland on Thursday, killing at least three people and critically wounding another, a Maryland county sheriff said. The assailant, who was not immediately identified, was taken into custody after he was wounded in an exchange......

Red-hot Asia diesel margins may peak in June as supplies rise, monsoon nears

Reuters
An oil tanker is pictured in the waters off Tuas in Singapore July 15, 2019. REUTERS/Edgar Su Register now for FREE unlimited access to Reuters.com Register Singapore 10 ppm gasoil cracks hit all-time high of $55.77/bbl China demand recovery to counter India’s monsoon demand weakness EU’s sanctions against Russia to......

EXCLUSIVE Spain’s Repsol in talks to sell 25% of oil and gas unit to EIG, sources say

Reuters
A Repsol logo at a petrol station in Bormujos near the Andalusian capital of Seville, southern Spain March 3, 2016. REUTERS/Marcelo del Pozo Register now for FREE unlimited access to Reuters.com Register LONDON, June 7 (Reuters) – EIG is in early discussions with Repsol (REP.MC) to buy a slice of......

Canada’s move to bulk up antitrust muscle may miss root of problem

Reuters
TORONTO, June 5 (Reuters) – Waves of industry consolidation over the decades have resulted in fewer choices for customers from telecoms to banking, with Canadians paying the world’s most expensive mobile phone bills and forking out more for everyday banking, consumer advocates say. Now, the government says enough is enough.......

Texas power use to hit record as temperatures soar

Reuters
Overhead power lines are seen during record-breaking temperatures in Houston, Texas, U.S., February 17, 2021. REUTERS/Adrees Latif Register now for FREE unlimited access to Reuters.com Register June 6 (Reuters) – Power demand in Texas is set to break its all-time record this week, testing the resilience of the grid after......

Texas power use to break all-time high next week

Reuters
Overhead power lines are seen during record-breaking temperatures in Houston, Texas, U.S., February 17, 2021. REUTERS/Adrees Latif//File Photo Register now for FREE unlimited access to Reuters.com Register June 2 (Reuters) – Power demand in Texas will break the all-time high next week as economic growth boosts overall usage and hot......

Biden, baby formula execs to meet on efforts to ease shortage

Reuters
June 1 (Reuters) – U.S. President Joe Biden will meet with major infant formula manufacturers on Wednesday as his administration presses ahead with efforts to boost imported supplies to help ease a nationwide shortage. Multiple global suppliers are seeking U.S. approval to ship critical baby formula as Biden’s administration accelerates......

How a cheap component could help kill off combustion cars

Reuters
LONDON/BERLIN, May 30 (Reuters) – The humble wire harness, a cheap component that bundles cables together, has become an unlikely scourge of the auto industry. Some predict it could hasten the downfall of combustion cars. Supplies of the auto part were choked by the war in Ukraine, which is home......

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