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Al-Futtaimties up with Blue Star for exclusive distributorship in the UAE

Al-Futtaimties up with Blue Star for exclusive distributorship in the UAE

Al-Futtaim Technology for Buildings Energy Efficiency Services has announced that it has signed an agreement with Blue Star Ltd for an exclusive distribution rights for the company's air handling units, fan coil units, chillers and variable refrigerant flow (VRF) systems across the United Arab Emirates.

Health of J P Morgan Reflecting through its Hiring Spree

Health of J P Morgan Reflecting through its Hiring Spree

Some worries regarding the Brexit effect on the economy were alleviated after J P Morgan Chase and Co. started the bank earnings season with a brighter note. The better than expected earnings results signal at a strengthening U.S. economy and continued healthy consumer base. Additionally, earlier in the week, the bank announced a planned raise in the minimum wages to as much as $16.50 an hour from $10.15 an hour over the years.

Nevada Based NV Energy Plans to Acquire Calpine Owned South Point Energy Center in Arizona

Nevada Based NV Energy Plans to Acquire Calpine Owned South Point Energy Center

Las Vegas, Nevada based NV Energy, the leading electric utility in the state said it plans to buy and improve Calpine's South Point Energy Center, a gas-fired power plant in Arizona. According to the public utility company, the move will help it meet future energy demands.

In a filing to the Nevada Public Utilities Commission in the first week of July, NV Energy disclosed its plans of the $75.6 million purchase price along with an investment budget of $21 million South Point Energy Center in Mohave Valley in Arizona.

Big Y Agrees to Buy 8 Stores in Massachusetts if Ahold and Delhaize Merger Workout

Big Y Agrees to Buy 8 Stores in Massachusetts if Ahold and Delhaize Merger Worko

To win antitrust approval for their merger in July, Netherlands based Royal Ahold NV and Brussles, Belgium based Delhaize Group have decided to sell eighty six stores in the U.S.

The retailers agreed to sell 4.1 percent of their combined U.S. stores. These sites account for 3.2 percent of their revenue from that particular market. All divested stores will be sold to well-established supermarket retailers and the names of buyers include Publix Super Markets Inc., Supervalu Inc and Weis Markets Inc.,

Rolls-Royce ties up withMubadalain UAE

Rolls-Royce ties up withMubadalain UAE

Luxury automaker and aerospace manufacturer, Rolls-Royce has entered into an agreement with Mubadala Development Company for setting up a new Approved Maintenance Centre (AMC) inAbu Dhabi.

The two sides also confirmed plans for setting up a new manufacturing facility for producing aero engine components in the country. The Mubadala Development Company, which is an investment and development organisation based in Abu Dhabi, is aiming to create a state of the art aerospace help in partnership with the company.

CSX Second Quarter Earnings Report Better than Expected; Shares Surge

CSX Second Quarter Earnings Report Better than Expected; Shares Surge

Weakness in commodity markets has also hurt the railroad industry and rail road giant CSX has been no different. The Jacksonville, Florida based company has always been more dependent on shipping coal compared to most of its competitors.

Angie’s List Unveils a “Freemium” Model

Angie’s List Unveils a “Freemium” Model

In March, Angie's List, the Indianapolis, Indiana based paid subscription-supported website that contains crowd-sourced reviews of local businesses, said it will make its basic rating and review offerings free and now it really has!

On Wednesday, in its twenty one year's history, Angie's List for the very first time started offering a free so-called "freemium" model in all markets.

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