SAN FRANCISCO: PG&E Corporation and Pacific Gas and Electric Company announced that PG&E has emerged from Chapter 11, successfully completing its restructuring process and implementing PG&E’s Plan of Reorganization that was confirmed by the United States Bankruptcy Court on June 20, 2020. “Today’s announcement is significant for PG&E and for the many wildfire victims who…
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Jerry Seiner acquires Henry Brown Chevrolet & Henry Brown Chrysler Dodge Jeep Ram
SALT LAKE CITY: The Jerry Seiner organization has purchased Henry Brown Chevrolet and Henry Brown Chrysler Dodge Jeep Ram in Casa Grande, AZ. This signals the introduction of the Jerry Seiner Dealerships brand in Arizona where the dealerships will re-brand to Jerry Seiner Chevrolet and Jerry Seiner Chrysler Dodge Jeep Ram. “The Jerry Seiner Dealerships…
Aerospike forms two new partnerships in Japan to meet demand for its solutions in Asia Pacific
MOUNTAIN VIEW: Aerospike Inc., announced two new partnerships in Japan with SmartScape and ASK Corporation to meet growth and demand for its solutions in the Asia Pacific (APAC) region. In just two years, Aerospike doubled headcount, customers, and revenues in the APAC region. Some of the largest, most innovative companies in the region leverage Aerospike…
Rio Tinto adds a strategy and development role to the executive committee
MELBOURNE: Rio Tinto has added a new role to its executive committee as it considers the next phase of its transformation to reinforce the company’s commitment to strategy, technology and climate change in a new era. Peter Toth will become Group executive, Strategy and Development with a focus on leading Rio Tinto’s transformation efforts around…
Chevron completes AU$425 million acquisition of Puma Energy Australia
SAN RAMON: Chevron Australia Downstream Pty Ltd., a wholly-owned subsidiary of Chevron Corporation, announced that it has completed the acquisition from Puma Energy Asia Pacific B.V. of all shares and equity interests of Puma Energy (Australia) Holdings Pty Ltd for the amount of AU$425 million. The acquisition adds a network of more than 360 company-owned…
WorldRemit launches their remittance service in Somalia
LONDON: WorldRemit, the global online money transfer service, has announced the launch of its remittance services in Somalia. WorldRemit operates in over 50 send countries to over 150 receive countries and is now the first global digital money transfer player to operate in Somalia. According to the World Bank, an estimated $1.4 billion in remittances…
Raley’s makes bold move with opening of first Raley’s O-N-E Market
WEST SACRAMENTO: Raley’s has made the next bold move in their continued evolution with the opening of the company’s first-ever Raley’s O-N-E Market in the Northern California town of Truckee. The 35,000 square foot location blends the grocer’s 85-year commitment to exceptional service with a focus on transparency and education to create a unique shopping…
Xpeng Motors starts delivery of P7 high-performance intelligent EV sports sedan
GUANGZHOU: Xpeng Motors, a leading Chinese electric vehicle and technology company, has begun nation-wide delivery of its new P7 super-long range, high-performance, smart EV sports sedan to customers. This follows the receiving of the official production license on May 19th from China’s Ministry of Industry and Information Technology for its new own-built, wholly-owned factory, the…
Agreement reached on a preferred long-term power supply for Oyu Tolgoi
MELBOURNE: Rio Tinto, Turquoise Hill and the Government of Mongolia have reached an agreement on the preferred domestic power solution for Oyu Tolgoi that paves the way for the Government to fund and construct a State Owned Power Plant at Tavan Tolgoi. The agreement, which is a revision of the Power Source Framework Agreement (PSFA)…
U.S. aluminum tariffs would make mockery of NAFTA 2 and ignore the real problem
TORONTO: Reports that new U.S. tariffs will be imposed on Canadian aluminum exports – in the very week that a new North American trade deal takes effect – make a mockery of the agreement, threaten thousands of Canadian jobs and ignore the real problem facing the industry, the United Steelworkers (USW) union says. “The re-imposition…
Nexon’s highly anticipated mobile Dungeon&Fighter will launch in China on August 12
TOKYO: NEXON Co., Ltd., a global leader in online games, NEOPLE INC., a consolidated subsidiary of Nexon, and Tencent Games, Nexon’s partner and publisher of Dungeon&Fighter in China, announced that Mobile Dungeon&Fighter will launch in China on August 12. Based on Nexon’s original IP and published by Tencent Games, Mobile Dungeon&Fighter’s highly anticipated release has…
Windstream’s restructuring plan under Chapter 11 confirmed by Court
LITTLE ROCK: Windstream Holdings Inc., a leading provider of advanced network communications and technology solutions, announced that the U.S. Bankruptcy Court for the Southern District of New York has confirmed the Company’s Plan of Reorganization. The Company expects to complete its financial restructuring process and emerge from Chapter 11 bankruptcy protection as a privately held…