Stuff that matters
A consortium led by China’s Hollysys Automation Technologies management plans to take the U.S.-listed automation and control system maker private in a deal that would value the firm at $1.8 billion, people with knowledge of the matter said. The management Read more
Ukraine’s state-owned energy company Naftogaz is working hard to increase natural gas production, and could supply gas to European countries in time for next year’s heating season, chief executive Yuriy Vitrenko told Reuters. Russia’s Ukraine invasion on Feb. 24 and Read more
SoftBank Group Corp (9984.T) plans to cut at least 20% of staff at its Vision Fund investment arm, Bloomberg reported on Friday, after Chief Executive Masayoshi Son pledged to cut costs after a record $50 billion loss at the unit Read more
New orders for U.S.-manufactured goods unexpectedly fell in July, weighed down by a plunge in defense aircraft bookings, but the overall manufacturing industry remains resilient. The Commerce Department said on Friday that factory orders dropped 1.0% in July after increasing Read more
Britain’s competition regulator finally cleared NortonLifeLock’s (NLOK.O) acquisition of British rival Avast (AVST.L)on Friday, saying the security software market would remain competitive after the $8.6 billion merger of two of the biggest players. The Competition and Markets Authority (CMA) confirmed Read more
Amazon (AMZN.O) staff at a warehouse in Coventry in central England are willing to strike over pay, a union said on Friday, in the latest labour dispute involving the U.S. e-commerce giant’s British workers. More than 300 workers voted in Read more
Russian energy giant Gazprom is poised to restart gas supplies via the Nord Stream 1 pipeline to Germany on schedule on Saturday after a three-day halt for maintenance, two sources familiar with Gazprom’s plans said on Friday. Nord Stream 1, Read more