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…
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…
QSC Strengthens its Presence in the Netherlands
SINSHEIM, Germany–(BUSINESS WIRE)–QSC announces the opening of QSC Netherlands BV, effective April 1, 2020. Based in Geldermalsen, QSC Netherlands BV will serve as the business development hub for Live Sound…
Champions + Legends Launches $75,000 Weekly Warrior Challenge
LAS VEGAS–(BUSINESS WIRE)–Champions + Legends, an athletic performance supplement brand dedicated to elite athletes, fitness enthusiasts and outdoor extremists, is launching a year-long, weekly social media contest for workout enthusiasts.…
American Leather Holdings Companies to Begin Manufacturing Protective Masks
DALLAS: To assist in the fight against COVID-19, American Leather Holdings, a Dallas-based furniture manufacturing industry leader that owns manufacturing plants in Dallas County as well as in North Carolina,…
John Agwunobi Assumes New Role as Herbalife Nutrition CEO
LOS ANGELES–(BUSINESS WIRE)–Premier global nutrition company, Herbalife Nutrition announced that John Agwunobi has assumed the role as Chief Executive Officer (CEO), succeeding Michael Johnson. The Company previously announced the planned…
Jack Ma Foundation and Alibaba Foundation Donate to Seven More Countries in Asia to Fight COVID-19
HANGZHOU: The Jack Ma Foundation and the Alibaba Foundation announced donations of essential medical supplies to seven more countries, namely Azerbaijan, Bhutan, India, Kazakhstan, Kyrgyzstan, Uzbekistan and Vietnam. Collectively, these…
Local Houston MedTech Company Begins Making Hand Sanitizer
HOUSTON–(BUSINESS WIRE)–Forward Science, a Houston based and locally operated MedTech company, successfully created their first batch of hand sanitizer to meet market demands during the current COVID-19 pandemic. Forward Science…
Halo Labs Announces Launch of Pilot Distillate Remediation Program
TORONTO–(BUSINESS WIRE)–Halo Labs Inc. announced plans to launch a pilot distillate manufacturing remediation program in California for distillate, live resin, fats and waxes, tails and terpenes. Additionally, the Company is…
Whiting Petroleum Corporation Takes Measures to Preserve Liquidity
DENVER–(BUSINESS WIRE)–Whiting Petroleum Corporation announced that it has taken proactive steps to ensure it has sufficient liquidity to fund ongoing operations by drawing $650 million on its credit facility. The…
Men Lag Behind Women in Following Social Distancing Measures
ANN ARBOR–(BUSINESS WIRE)–Men are less likely to follow social distancing guidelines and orders compared to women, according to survey data released today by Altarum, an Ann Arbor-based research firm that…