Industry

Federal investigators: Forgotten work lights and failed inerting led to Dow Plaquemine blasts

A CSB report says preventable maintenance lapses and flawed relief design triggered 2023 ethylene oxide explosions near Baton Rouge.

#chemical, #safety, #louisiana, #dow, #ethyleneoxide

France’s SOCOTEC to Buy Pennsylvania Engineering Firm AEG, Expanding U.S. Infrastructure Push

SOCOTEC says it will acquire American Engineers Group, a Pennsylvania transportation-focused consultancy, deepening its mid-Atlantic footprint amid U.S. infrastructure spending.

#infrastructure, #engineering, #mergers, #pennsylvania, #socotec

Nearly 3,800 JBS Workers in Greeley Plan Unfair-Labor-Practice Strike, Threatening Major U.S. Beef Output

Unionized workers at JBS’s Greeley, Colo., beef plant plan a March 16 walkout over wages, safety and alleged retaliation, testing supply chains.

#labor, #meatpacking, #jbs, #colorado, #ufcw

Paramount Skydance Strikes $110 Billion Deal for Warner Bros. Discovery, Setting Up Major Media Merger Review

Paramount Skydance agreed to buy Warner Bros. Discovery for $31 a share, creating a vast studio, streaming and news empire under heavy antitrust scrutiny.

#media, #mergers, #streaming, #antitrust, #hollywood

Justice Department Reaches Live Nation Settlement as States Press On in Ticketmaster Antitrust Trial

A surprise DOJ settlement would spare Live Nation a breakup, impose new ticketing rules and divestitures, and split the state coalition as trial continues.

#antitrust, #livenation, #ticketmaster, #concerts, #doj

Starboard Takes $350 Million Stake in CarMax, Seeks Cost Cuts and Digital Revamp

Activist investor Starboard Value disclosed a nearly 6% stake in CarMax and nominated two directors, pushing cost cuts, pricing changes and a smoother online platform.

#carmax, #activistinvestor, #starboard, #autoretail, #proxyfight

BlackRock, EQT-led group to take AES private in $33.4 billion deal as AI power demand surges

A BlackRock and EQT-led consortium agreed to buy AES for $15 a share, taking the utility private in a $33.4B deal that faces heavy regulatory review.

#blackrock, #eqt, #aes, #utilities, #datacenters

UK watchdog clears BCA takeover of Aston Barclay after ‘exiting firm’ review

The CMA has approved BCA owner Constellation’s purchase of rival Aston Barclay, saying the target would likely have exited anyway.

#uk, #competition, #usedcars, #autoindustry, #cma

Paramount Skydance to Buy Warner Bros. Discovery in $110 Billion Deal, Outbidding Netflix

Paramount Skydance agreed to acquire Warner Bros. Discovery for $31 a share in cash, creating a streaming and studio giant amid antitrust scrutiny.

#media, #streaming, #mergers, #antitrust, #hollywood

Vanguard to Pay $29.5 Million, Limit Proxy Power in Texas-Led ESG Antitrust Settlement

Vanguard will pay $29.5 million and accept strict limits on proxy voting and ESG engagement to exit a Texas-led antitrust suit over coal.

#vanguard, #esg, #antitrust, #proxyvoting, #coal

Walmart to Pay $100 Million, Overhaul Spark Driver Pay After Regulators Allege Tip and Earnings Deception

FTC and 11 states say Walmart misled Spark drivers and shoppers on tips and pay. A $100M deal funds refunds and mandates 10 years of oversight.

#walmart, #gigwork, #tips, #ftc, #delivery

Verint Names Ex-Calabrio Chief Dave Rhodes CEO After $2 Billion Take-Private Deal

Verint appoints former Calabrio CEO Dave Rhodes to lead the newly combined, Thoma Bravo-backed customer experience AI platform.

#verint, #calabrio, #thomabravo, #ai, #customerservice

NatWest to Buy Evelyn Partners for £2.7 Billion in Post-Privatization Wealth Push

NatWest agrees to buy wealth manager Evelyn Partners for £2.7bn cash, betting on fee income growth as investors fret over capital hit and price.

#natwest, #evelynpartners, #wealthmanagement, #ukbanking, #mergers

Refinery workers avert strike with four-year deal that adds first AI guardrails

United Steelworkers and Marathon Petroleum reach a four-year pattern deal with 15% raises and AI rules, averting a strike; BP Whiting talks loom.

#refineries, #labor, #unitedsteelworkers, #marathonpetroleum, #artificialintelligence

Netflix’s $82.7 Billion Bid for Warner Bros. and HBO Draws DOJ Second Request and Senate Scrutiny

Netflix’s planned purchase of Warner Bros. studios and HBO faces a deep DOJ antitrust probe, Senate grilling and a hostile rival bid from Paramount Skydance.

#streaming, #antitrust, #netflix, #warnerbros, #mergers