One of the world’s largest port operators, DP World, said July 1 it had acquired American logistics firm Syncreon Holdings in a $1.2 billion deal, the latest investment as the maritime company pushes to expand farther afield.
July 1, 2021Latest News Updates From Associated Press
Port Operator DP World Buys Syncreon in $1.2 Billion Deal
Auto Show Back in Detroit Next Year
DETROIT — The head of Detroit’s big international auto show says it will return to the Motor City next year, but with smaller indoor displays and more emphasis on experiencing vehicles and technology outside.
June 18, 2021Ford Sees Improved Q2 Outlook
Ford’s second-quarter outlook is improving, with large numbers of customers making reservations for four of its new vehicles.
June 18, 2021US Industrial Production, Factory Output Climb in May
Surging output of cars, trucks and auto parts pulled U.S. factory production up 0.9% in May.
June 15, 2021Energy Chief Jennifer Granholm Cites Risk of Cyberattacks Crippling Power Grid
WASHINGTON — Energy Secretary Jennifer Granholm on June 6 called for more public-private cooperation on cyber defenses and said U.S. adversaries already are capable of using cyber intrusions to shut down the U.S. power grid.
June 7, 2021Amazon to Hold Prime Day June 21-22
NEW YORK — Amazon said that it will hold its annual Prime Day on June 21 and 22, the earliest it has ever held the sales event.
June 2, 2021Ram Trucks Recalled; Wheels Could Fall Off
DETROIT — Fiat Chrysler said May 28 that it is recalling more than a half-million heavy-duty Ram trucks to fix a problem that can cause the wheels to fall off.
May 28, 2021Court Orders Shell to Cut Net Emissions by 45%
THE HAGUE, Netherlands — A Dutch court on May 26 ordered Royal Dutch Shell to cut its carbon emissions by net 45% by 2030 compared with 2019 levels in a landmark case brought by climate activism groups, which hailed the decision as a victory for the planet.
May 26, 2021Kansas City Southern Exits CP Deal, Takes CN’s $34 Billion
NEW YORK — Kansas City Southern has abandoned its agreement to be acquired by Canadian Pacific, choosing instead a competing bid from Canadian National Railway with a bigger price tag, but also greater regulatory risks.
May 21, 2021Gas Crunch From Cyberattack Intensifies in Nation’s Capital
Gas shortages at the pumps are spreading from the South to the Mid-Atlantic states, where Virginia and the District of Columbia have become some of the hardest hit areas after a cyberattack that forced a shutdown of the nation’s largest gasoline pipeline.
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