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NTE Energy announces 1GW Anderson County Energy Center in South Carolina

NTE Energy announces 1GW Anderson County Energy Center in South Carolina

NTE Energy has announced a new 1,000 MW capacity natural gas fired power plant – Anderson County Energy Center in Anderson County, South Carolina with an investment of more than $1 billion. Anderson County Energy Center in South Carolina To be designed to generate clean and low-cost electricity, the Anderson County Energy Center is expected […]

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Unilever Ice Cream launches 20 new frozen treats in US

Unilever Ice Cream launches 20 new frozen treats in US

Ice cream industry news : Unilever Ice Cream has expanded its frozen treats line up in the US by launching a total of 20 new products across its Magnum Ice Cream, Breyers, Good Humor, Popsicle and Klondike ice cream and frozen novelty brands. MAGNUM Ice Cream Launches MAGNUM Tubs Joining the Magnum Ice Cream range […]

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Mondelez to acquire US cookie manufacturer Tate’s Bake Shop for $500m

Mondelez to acquire US cookie manufacturer Tate’s Bake Shop for $500m

Cadbury and Oreo owner Mondelez International has snapped Tate’s Bake Shop, a US cookie manufacturer in a deal of about $500 million from private equity firm The Riverside Company and others. Mondelez Acquisition of Tate’s Bake Shop Founded in 2000, Tate’s Bake Shop makes thin-and-crispy chocolate-chip cookies and its acquisition enables Mondelez to widen its […]

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Newell Brands to sell Waddington Group to Novolex for $2.2bn

Newell Brands to sell Waddington Group to Novolex for $2.2bn

Packaging acquisition news : US consumer goods company Newell Brands has agreed to sell The Waddington Group, a packaging manufacturer to Novolex for around $2.3 billion. Based in South Carolina, Novolex, which is backed by The Carlyle Group, provides paper and plastic packaging products. Newell Brands is selling its global package manufacturing business as part […]

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Marathon Petroleum to merge with Andeavor in $23.3bn deal

Marathon Petroleum to merge with Andeavor in $23.3bn deal

Marathon Petroleum, a US petroleum refining company has signed an agreement to acquire its rival Andeavor for $23.3 billion. Marathon acquisition of Andeavor is anticipated to result in a leading US integrated energy company with a $90bn plus initial enterprise value. The enlarged Marathon Petroleum following the merger with Andeavor will be headquartered in Findlay, […]

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Marathon Petroleum to buy rival US petroleum refining company Andeavor for $23.3bn

Marathon Petroleum to buy rival US petroleum refining company Andeavor for $23.3bn

Marathon Acquisition of Andeavor : US petroleum refining company Marathon Petroleum has agreed to acquire rival oil refining company Andeavor (formerly known as Tesoro) for $23.3 billion. Marathon Acquisition of Andeavor Marathon acquisition of Andeavor is expected to create a top US integrated energy company with an initial enterprise value of over $90 billion, and […]

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Curlkit offers Shea Moisture Red Palm Oil hair care products to subscribers

Curlkit offers Shea Moisture Red Palm Oil hair care products to subscribers

Cosmetic industry news : Curlkit has partnered with Shea Moisture to bring its new Red Palm Oil hair care product range to customers through the Curlkit’s April 2018 subscription box in the US. According to Curlkit, Shea Moisture’s new hair care products give length and volume to healthy afros and curly-coily hair, which are more […]

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Xcel Energy gets approval for Hale wind project & Sagamore wind project

Xcel Energy gets approval for Hale wind project & Sagamore wind project

US wind industry news : Xcel Energy, a US electric utility company has secured the approval from the Public Utility Commission of Texas to move ahead with its plan to add 1.23GW of new wind energy. As part of the plan, Xcel Energy will build and own two wind farms in the states of Texas […]

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Business News Today – Amazon increases Prime membership in US by $20

Business News Today – Amazon increases Prime membership in US by $20

Online retailing giant Amazon has increased the subscription rate of its Prime membership for US subscribers by $20 to add a windfall to the revenue made through its subscription services. With the $20 hike, Amazon Prime membership for US subscribers will now move up from the existing yearly fee of $99 to $119 this spring. […]

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Business News Updates – Wall Street sees mostly higher ending

Business News Updates – Wall Street sees mostly higher ending

ANI has reported on that Wall Street has wrapped up the day on Saturday mostly higher. The US gross domestic product came in at 2.3% annualized pace in the first quarter, slower than in the previous quarter, but better than the anticipated growth of 2%. A different set of data revealed that wages surged at […]

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