Category Archives: Business

Oil prices relatively even on wait-and-see Tuesday

Crude oil prices were relatively even early Tuesday as Libyan production resumes after a brief disruption, while anticipation stews over broader OPEC moves. Parties to an agreement from the Organization of Petroleum Exporting Countries to balance an oversupplied market with production declines are wrapping up meetings in Abu Dhabi that assessed compliance and quotas. The effort, implemented in January, brought… Read More »

Raytheon receives $66.4 million contract for SM-3 Block IIA missile

Raytheon Missile Systems has received a $66.4 million modification to an existing contract for the Standard Missile-3 Aegis Ashore ballistic missile defense program for the U.S. Missile Defense Agency. The modification will provide for engineering work, support services and analysis of the SM-3 Block IIA missile and BMD 5.1 flight testing and certification. The work will be conducted in Tuscon,… Read More »

Kratos receives $46.2 million contract for Saudi Arabian defense services

 Kratos Technology and Training Solutions has received a $46.2 million contract for training and technical services in support of the Kingdom of Saudi Arabia’s Vision 2030 defense development goals. The work from the U.S.-based company will primarily be conducted in Saudi Arabia and Orlando, Fla., and is expected to be finished by August 2020. $15.4 million in foreign military sales… Read More »

Maasai women bring clean energy to rural villages in Kenya, Tanzania

Beatrice Marpe is a women’s leader in the remote village of Tokoishi, about 62 miles south of Kenya’s capital, Nairobi. The job of a Maasai women’s leader is usually to help solve marital issues, but Marpe, 55, has taken on a new role: solar ambassador. Being a solar power advocate is about more than renewable energy for Marpe;… Read More »

General Dynamics gets U.S. and U.K. sub fire control contract modification

The U.S. Department of Defense is awarding an $8.8 million contract modification to General Dynamics Advanced Information Systems for work on U.S. and U.K. ballistic and cruise missile submarine fire control systems. The modification will include maintenance on the attack weapon control systems and missile fire-control for the future U.S. Columbia-class and U.K. Dreadnought-class submarines. The work will be… Read More »

Optimism on market rebalancing drags oil prices lower

 Renewed optimism about the rebalancing of the crude oil market brought concerns about excitability and dragged the price for oil lower early Thursday. A decision from Saudi Arabia this week to cut its output further, signs of strong demand growth in the United States, the world’s leading economy, and security concerns in OPEC-member Nigeria helped push the price… Read More »

Exclusive: U.S. Cardinal Health puts $1.5 billion China business on block – sources

HONG KONG (Reuters) – U.S. drug distributor Cardinal Health has put its China business up for sale, drawing keen interest from state-backed Chinese pharmaceutical firms in a deal that may be worth up to $1.5 billion, sources familiar with the matter said. Shanghai Pharmaceutical Holding Co Ltd, China Resources Pharmaceutical Group Ltd and Sinopharm Group Co Ltd are… Read More »

The Latest Edition of Small Business Trends Magazine is Here – Download a FREE Copy Today

The latest edition of Small Business Trends magazine is now available for download. Get your copy right now by clicking here. This month, we’re tackling the cloud. Sounds like an impossible task — tackling a cloud, that is. For a lot of small businesses, it sounds like a lot more difficult than it actually is. In fact, many small… Read More »

BMW to make Mini electric car plant decision by end-September

BMW (BMWG.DE) will decide whether to build its new electric Mini car in Britain or elsewhere by the end of September, its board member for sales told Reuters, in a test of the country’s ability to continue to attract investment as it leaves the EU. Mini makes around 70 percent of its approximately 360,000 compact cars at its… Read More »

VW recalls 385,000 cars in Germany for brake system update

Volkswagen (VOWG_p.DE) is recalling 385,000 cars in Germany for a software update to their anti-lock brake systems, news agency DPA reported, citing a spokesman for the automaker. Volkswagen’s VW, Audi and Skoda brands were affected, it said. According to DPA, the braking control system may not function properly in certain driving conditions, such as when the driver over-steers,… Read More »