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Safeway sale continues the trend for consolidation in the US

An investment group led by Cerberus Capital Management has agreed to purchase the US supermarket firm Safeway

Hopes high for new cap on BP oil well

BP has announced it has fitted a larger, tighter containment cap on the ruptured Gulf of Mexico wellhead that has been leaking oil since the Deepwater Horizon explosion in April

JLR success behind Tata surge

Sales of Jaguar and Land Rover in China surged 61 percent helping Tata Motors to boost its profit

Ukraine unveils new airport terminal

Ukraine has opened a new terminal at Boryspil International Airport in Kiev that is capable of servicing up to 15 million visitors per year, ahead of next month’s Euro 2012 tour

Profits rise 48 per cent at ArcelorMittal

ArcelorMittal, the world's biggest steel company, has reported a profits rise of 48 per cent in the three months to the end of September compared with the same period a year ear

Battersea Power Station redevelopment gets green light

The £5.5 billion redevelopment of Battersea Power Station in London has been given the green light following approval from the UK government’s communities secretary.

Marine energy developers win £7.9 million funding

Five marine energy developers are to benefit from £7.9 million in funding to develop the testing of new wave and tidal prototypes in Scottish waters.

Amazon expanding into the lucrative Indian market

Amazon has launched its first shopping website in India

Providence paid final $6 million for Nigerian oil field

Ireland’s Providence Resources has confirmed it has received the final payment of US$6 million for the sale of its Nigerian interest, OML 113.

Size of JapanÔÇÖs stimulus package surprises the markets

In a bid to spur growth and end years of falling prices, Japan’s central bank has unveiled a larger than expected stimulus package.

Paris delivers for Bombardier

Bombardier’s visit to the Paris Air Show has proved fruitful, with large orders placed for both its CSeries and Global Business aircraft.

US auto sales hit five year high

In 2012, the automobile industry in the United States enjoyed its best year since 2007, with sales up by 13.4 percent over 2011. 

Sustainability: energy

Tremendous savings can be made on the cost of energy when customers band together to bid down the price, says Jeffrey D. Hiatt.

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