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Timken breaks ground on $225 million plant expansion

The Timken Company held a groundbreaking ceremony today to mark the commencement of work on a $225 million expansion of the Faircrest Steel Plant in Stark County, Ohio.

Australian assets latest to be sold off by Shell

Royal Dutch Shell is to sell its Australian downstream business to oil trading firm Vitol

Lloyds fined £218 million

Lloyds Banking Group has been fined £218 million by UK and US regulators for serious misconduct over Libor rates

Ôé¼25 million contract for Ballast Nedam

Netherlands-based construction and infrastructure specialist Ballast Nedam has won a €25 million contract for expansion works at a refinery in Suriname.

DuPont opens ballistics facility in Hyderabad, India

 

DuPont has opened its latest ballistics testing facility at the DuPont Knowledge Center in Hyderabad, India. 

Rank Group to acquire Gala Casinos

Rank Group has announced it is to acquire Gala Casinos from Gala Coral Group for £205 million.

African mobile users to benefit from French-Chinese partnership

 

France Telecom is to collaborate with Chinese search giant Baidu on producing a browser for low-end smartphones sold in Africa. 

Opel awarded a significant cash injection from General Motors

US carmaker General Motors (GM) has announced that it plans to invest over $5 billion in its European subsidiary Opel

GSK goes hostile with HGS bid

Pharmaceutical giant GlaxoSmithKline has announced it will go hostile with its $2.6 billion bid for Human Genome Sciences by taking the offer directly to shareholders.

GDF to announce International Power takeover

French power giant GDF Suez is expected to announce it has taken over its UK rival International Power (IP) as early as tomorrow.

Philips unveil a bright energy-efficient idea

Philips has unveiled what it claims to be the world’s most energy-efficient LED lamp

Ensor takes over Technocover

Ensor Holdings has announced its acquisition of Technocover, the Wales-based manufacturer, supplier and installer of security products.

Climate change fears exaggerated, says ExxonMobil CEO

Rex Tillerson, CEO of the world’s largest oil company ExxonMobil, told a New York audience yesterday that fears about climate change, drilling and energy dependence were exagger

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