29 March, 2015 by The TZ Newswire Staff Comments Off on What’s REALLY Going On In Yemen
What’s REALLY Going On In Yemen
Confused about the war in Yemen?
Here’s what’s really going on …
Yemen – previously called “Aden” – has one of the oldest civilizations in the Middle East. But it has been racked with violence for a long time.
29 March, 2015 by The TZ Newswire Staff Comments Off on Currencies: Dollar inches up against euro, yen as big data week kicks off
Currencies: Dollar inches up against euro, yen as big data week kicks off
he dollar was slightly higher against the yen and the euro in Asian trade Monday, with many market participants avoiding taking strong positions ahead of key data including U.S.
29 March, 2015 by The TZ Newswire Staff Comments Off on GM’s Cadillac CT6 tests strategy for taking fat out of big cars
GM’s Cadillac CT6 tests strategy for taking fat out of big cars
When General Motors Co (GM.N) takes the wraps off its new Cadillac CT6 on Tuesday the most important thing about the vehicle could be what is under its skin. The CT6, to be unveiled ahead of the April 3-12 New York auto show, is an expensive car aimed more at boosting Cadillac’s brand image than sales volume. GM engineers are studying variations on the CT6’s multi-material construction for at least four other future vehicle architectures and other models could be derived from the CT6’s “Omega” architecture, Travis Hester, CT6’s chief engineer, said in an interview.
29 March, 2015 by The TZ Newswire Staff Comments Off on Ford revives the Lincoln Continental, aims at U.S. and China
Ford revives the Lincoln Continental, aims at U.S. and China
Ford Motor Co (F.N) will resurrect the Lincoln Continental as its top-of-the line luxury sedan, betting the classic name will help rebuild the brand’s image in the United States and China. Ford’s Lincoln will unveil a prototype of the future Continental sedan on Monday ahead of the April 3-12 New York auto show, which will feature many of the Continental’s future rivals, including the Cadillac CT6 sedan from General Motors Co (GM.N), a new Jaguar XF sedan from Jaguar Land Rover and a bevy of super-premium models from Daimler AG’s (DAIGn.DE) Mercedes Benz.
29 March, 2015 by The TZ Newswire Staff Comments Off on South Korea picks KAI, with Lockheed, for $7.9 billion fighter jet development
South Korea picks KAI, with Lockheed, for $7.9 billion fighter jet development
South Korea chose on Monday Korea Aerospace Industries Ltd , which expects to partner Lockheed Martin Corp (LMT.N), to develop a mid-level fighter jet that will cost around 8.7 trillion won ($7.88 billion). The Defense Acquisition Program Administration (DAPA) also confirmed its decision to upgrade South Korea’s Patriot missile system, with Raytheon Co (RTN.N) chosen to upgrade the launch systems. South Korea has been trying to bolster its arsenal in the face of a missile threat from North Korea.
29 March, 2015 by The TZ Newswire Staff Comments Off on Exclusive: Fidelity moves to end DuPont proxy battle – sources
Exclusive: Fidelity moves to end DuPont proxy battle – sources
Fidelity Investments, a major investor in DuPont (DD.N), has put pressure on activist fund Trian Fund Management LP and the chemical conglomerate to reach a settlement in what it sees as a detrimental proxy fight, according to people close to the matter. Fidelity, whose 2.5 percent stake makes it DuPont’s sixth largest shareholder, has not publicly revealed what sort of compromise it was seeking. Yet its unusual intervention as peacemaker could influence other mutual fund investors in DuPont and pre-empt what could be this year’s biggest battle over board representation.
29 March, 2015 by The TZ Newswire Staff Comments Off on Volvo Cars to build U.S. plant to spearhead sales recovery
Volvo Cars to build U.S. plant to spearhead sales recovery
Volvo Cars will invest $500 million in its first U.S. assembly plant under plans announced on Monday, plugging a longstanding gap in the Swedish carmaker’s manufacturing base as it pursues a global comeback under Chinese ownership. Volvo is in advanced talks with several U.S. states and will announce a location within weeks, Chief Executive Hakan Samuelsson said in embargoed comments made before the announcement.