Business

SSI United Kingdom to shutter Redcar plant, cut 1700 jobs

Mr Corbyn said Britain should follow the example of Italy, where the Government temporarily took over a loss-making steel plant. "This Government's ideological decision not to have an industrial strategy is putting jobs at risk". Anna Turley is the Labour MP for Redcar. "The future of British steel-making is at a crossroads". Niki Wiley, 29, from Redcar, said: "We were read a statement and that was it, everyone was just devastated".

Business

DC officials discussing settlement that could salvage $6.8 billion Exelon

Five other regulatory agencies have approved the deal. Exelon Corporation failed to receive support from stakeholders in the DC district. The application included the ignored benefits of the merger, including greater service reliability, provisions to ensure employee security and customer saving.

Business

Keurig unveils the Keurig Kold

Keurig plans to expand its cold drinks inside the USA and overseas with enhanced technology and with new beverages. "It's a premium - it's about choice and convenience", he said. From the Dr Pepper Snapple Group: Dr Pepper®, Canada Dry®. That doesn't include the soda flavoring. The sentiment score for Keurig Green Mountain , Inc.

Business

Saudi Arabia withdrew billions, estimates show

The slump in oil prices forced governments to fund spending through bond sales and to use cash accumulated during the boom. Sillitoe said it was difficult to determine when Saudi Arabia will "be back in the market to give new mandates" to fund managers.

Business

Caterpillar to cut thousands of jobs, close plants

For 2015, the company expects revenues of $48 billion, down by $1 billion from a prior view and below the $48.9 billion consensus. Caterpillar brought in brought in $55.18 billion in revenue previous year. The company added that sales and its revenue during 2016 would be 5% lower than in 2015. While Cat made announcements earlier this year of layoffs in places like East Peoria and Joliet, Potts said the job cuts they're announcing now are permanent.

Business

Audi, Porsche and VW United States chiefs fired amid emissions scandal

The company has told officials that the vehicles in question included cars with 1.6-litre and 2-litre diesel engines in Europe, German Transport Minister Alexander Dobrindt said Thursday. "He knows the group and its brands well and can immediately engage in his new task with full energy", Huber said. Beyond Mueller, they include Audi boss Rupert Stadler, 52; Herbert Diess, 56, a relative newcomer to the company who previously worked at BMW and became head of the VW brand in July; and ...


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