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Industrials News

Virgin America files for U.S. IPO

Virgin America files for U.S. IPO

Virgin America Inc, the low-cost airline partly owned by Richard Branson, filed for an initial public offering of shares as it looks to expand in the recovering U.S. airline market.

Posted on 7-28-2014 at 8:34 AM
U.S. Steel filings raise shakeup concerns at former Stelco

U.S. Steel filings raise shakeup concerns at former Stelco

United States Steel Corp. is taking a series of measures to insulate itself from any debt default by its Canadian operations, raising concerns that it plans to restructure the Canadian unit.

Posted on 7-28-2014 at 12:20 AM

Buffett’s Berkshire wins Canadian approval for AltaLink purchase

Berkshire Hathaway Inc.’s (BRK.B-N) energy unit won Canadian approval for its planned purchase of SNC- Lavalin Group Inc.’s (SNC.TO) AltaLink electric transmission business after committing...

Posted on 7-26-2014 at 2:32 AM

Southwest eyes northern push, threatening Air Canada, WestJet

Low-cost U.S. airline giant Southwest Airlines Co., says Canada is on a list of “attractive” destinations it is considering for expansion – a development that would shake up Canada-U.S. air...

Posted on 7-26-2014 at 1:48 AM

Trucking takeover: Transforce swallows Contrans

Trucking firm Transforce Inc. is buying smaller rival Contrans Inc. in a friendly deal worth about half-a-billion dollars.

Posted on 7-25-2014 at 11:15 AM

GM's profit falls on recall costs, victims' compensation fund

General Motors Co. reported a much lower second-quarter profit on Thursday due to numerous recalls and the expected cost of at least $400 million US for a compensation fund for those killed...

Posted on 7-24-2014 at 2:44 PM

Bombardier cuts 1,800 jobs amid CSeries woes

Transportation giant Bombardier Inc., is reorganizing its operations into four divisions in a move that causes 1,800 job losses and the retirement of Bombardier Aerospace president Guy...

Posted on 7-24-2014 at 7:45 AM

Boeing boosts 2014 profit forecast on record jet deliveries

Boeing Co. raised its full-year profit forecast as the world’s biggest planemaker reaps gains from faster production that is driving jetliner deliveries to record levels.

Posted on 7-23-2014 at 9:53 AM

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