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Business

Hertz set to ride out of bankruptcy with $4.2 billion from investment firms

By huntccwocom March 17, 2021March 11, 2021

Two investment firms will buy a majority stake in Hertz Global Holdings Inc for $4.2 billion under a restructuring plan expected to help it out of bankruptcy by early- to…

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Business

Germany’s BaFin examines EY as auditor after Wirecard scandal

By huntccwocom March 16, 2021March 11, 2021

Germany’s financial regulator BaFin is examining EY’s suitability as a financial auditor following the collapse of payment services firm Wirecard, Handelsblatt newspaper reported on Tuesday, citing an economy ministry document.…

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Business

Baker Hughes, Akastor merging oil drilling ops, eye IPO

By huntccwocom March 15, 2021March 11, 2021

Baker Hughes and Norway’s Akastor plan to merge their offshore oil drilling equipment units to combine their complementary technologies, with a view to listing the new company longer term, they…

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Business

Canadian dollar adds to Monday’s rally as economy grows

By huntccwocom March 14, 2021March 11, 2021

The Canadian dollar edged higher against its U.S. counterpart on Tuesday, adding to the previous day’s rally as oil prices rose and domestic data showed faster-than-expected economic growth. Canada’s economy…

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Business

Miners gear up global rare earth projects as prices surge

By huntccwocom March 13, 2021March 11, 2021

Miners are seeking to take advantage of a jump in the prices of many rare earth elements, needed for permanent magnets used in low-carbon technologies as well as myriad other…

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Business

Arctic island finds green power can be a curse

By huntccwocom March 12, 2021March 11, 2021

In the tenth century, Erik the Red, a Viking from Iceland, was so impressed with the vegetation on another Arctic island he had found he called it “the green land.”…

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Business

Betting on death of petrol cars, Volvo to go all electric by 2030

By huntccwocom March 11, 2021

Volvo’s entire car lineup will be fully electric by 2030, the Chinese-owned company said on Tuesday, joining a growing number of automakers planning to phase out fossil-fuel engines by the…

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Recent Posts

  • Creighton’s McDermott reinstated after ‘plantation’ remark
  • Mnemonic device used to improve short-term memory found to also improve longer term memory
  • Hertz set to ride out of bankruptcy with $4.2 billion from investment firms
  • Low demand for iPhone 12 Mini prompts Apple to cut production by 20 percent
  • Carla Wallenda, member of ‘The Flying Wallendas’ high-wire act, dies at 85

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