22 Volkswagen plants in China resume production
BEIJING: As many as 22 Volkswagen plants in China have resumed productions of vehicles and components. Overall, there are 24 Volkswagen plants in China. “Hope is returning on the Chinese…
WarnerMedia replaces CEO with Hulu cofounder Jason Kilar
LONDON: AT&T is replacing WarnerMedia CEO John Stankey with Hulu cofounder Jason Kilar, the company announced Wednesday. The transition will be effective May 1, with Kilar reporting to Stankey in…
FBR making centralized system for issuance of rebates/refunds
ISLAMABAD: As a part of Government’s Policy in the current challenging time, FBR is in the process of devising a transparent centralized system for issuance of Income Tax, Sales Tax…
FBR collects Rs3.06tr in taxes, misses target
ISLAMABAD: The month of March proved catastrophic for the Federal Board of Revenue (FBR) that missed its collection target by a record Rs263 billion despite releasing Rs12 billion fewer tax…
KE to provide further relief
Karachi: In light of the COVID-19 crisis and the city-wide restrictions, K-Electric has notified NEPRA that it will facilitate customers by using the consumption value of either the previous 11…
Berry to Invest in Meltblown Capacity Serving Face Mask Demand in the EMEIA Region
EVANSVILLE–(BUSINESS WIRE)–Berry Global Group, Inc. (NYSE: BERY) has advanced its investment in an additional specialty meltblown asset to produce high-efficiency filtration media serving the EMEIA markets. Current projections are for…
Columbia Property Trust Completes Sale of Office Park in Suburban Los Angeles
NEW YORK–(BUSINESS WIRE)–Columbia Property Trust, Inc. announced that it has completed the sale of Pasadena Corporate Park, a three-building office complex containing 260,000 square feet in Pasadena, California, for a…
Newmont Completes Sale of Red Lake and Realizes Cash Proceeds of $375 million
DENVER: Newmont Corporation announced it successfully completed the sale of its Red Lake complex in Ontario, Canada to Evolution Mining Limited and received cash proceeds of $375 million with future…
GE Announces Completion of BioPharma Sale to Danaher, Receives $20 Billion Net Cash Proceeds
BOSTON–(BUSINESS WIRE)–GE announced the completion of the sale of its BioPharma business to Danaher Corporation for approximately $20 billion of net proceeds. GE Chairman and CEO H. Lawrence Culp, Jr.,…
KKSP expands into the North East with acquisition of Prime Engineered Components
GLENDALE HEIGHTS–(BUSINESS WIRE)–KKSP Precision Machining, LLC (KKSP), a portfolio company of Mill Point Capital, has acquired Prime Engineered Component, Inc., a manufacturer of aluminum, brass and stainless steel custom metal…
Strategic Wireless Acquires Oregon Cell Tower
COSTA MESA: Strategic Wireless Infrastructure Funds Management has announced the acquisition of a cell tower located in La Grande, Oregon. The Snake River Tower was constructed in 2012 and is…
Penumbra Brands Adds Tenured Wireless Executive as Growth Leader for Mobile Device Accessories Company
NORTH SALT LAKE: Penumbra Brands, a leading mobile device accessories and technology company, today announced the appointment of Kevin Cundiff as Chief Growth Officer. Mr. Cundiff will lead the company’s…
Data Shows Drugs Essential to Providing Care for COVID-19 Patients Quickly Slipping into Shortage
CHARLOTTE–(BUSINESS WIRE)–Premier Inc., a leading healthcare improvement company, released data finding that 15 drugs essential to providing care for COVID-19 patients are currently in or very near shortage. Using its…