Rail News - Port Nola Awarded $7M Grant; Gpa Signs 20-year Terminal Pact. For Railroad Career Professionals
The Port of New Orleans (Port NOLA) has been awarded a $7 million grant from the Federal Highway Administration’s Reducing Truck Emissions at Port Facilities (RTEPF) program. The grant will be used to fund sustainable transportation and infrastructure to reduce truck congestion and emissions at port terminals, Ports America Louisiana and New Orleans Terminal LLC, Port NOLA officials said in a press release. Additionally, the grant will provide $200,000 in sub-awards for Port NOLA's partners at Nunez Community College and the Urban League of Louisiana for workforce development and educational opportunities for future technicians to work on the upcoming technologies.
Anglo American Rejects Bhp’s $39B Takeover Offer, Opening Door To Bidding War
Philip Gostelow / Bloomberg via Getty Images
KEY TAKEAWAYSAnglo American on Friday turned down the almost $39 billion takeover offer by rival mining giant BHP Group.Anglo American's pushback against BHP's offer sets the stage for a bidding war that could be one of the industry’s largest transactions in years.The offer for Anglo American is BHP's latest move to expand its copper business, after buying Australian mining company OZ Minerals last year.
Anglo American Rejects Bhp's 'opportunistic' Takeover Offer - Nikkei Asia
SYDNEY -- U.K. miner Anglo American on Friday rejected a takeover bid from its bigger rival BHP, saying the offer by the Australia-based giant undervalued the company and its prospects. The rejection came a day after the company confirmed it had received an unsolicited, non-binding all-share offer from the world's largest mining firm that was conditional on Anglo American spinning off its platinum and iron ore business in South Africa.
Billionaire 'bond King' Bill Gross Tells Investors To Avoid Tech And Stick To Value Stocks
Billionaire "bond king" Bill Gross told investors to avoid tech stocks and stick to value stocks. In a post on X, the "bond king" said, "Stick to value stocks, avoid tech for now." His message comes as a weaker-than-expected GDP report also showed that consumer prices remained high in the first quarter. Bond yields jumped on the data, and the tech sector dropped, with the Nasdaq Composite down more than 1% Thursday afternoon. Gross said that if investors have to dabble in tech, go with Microsoft: "MSFT best in tech if you must."
Copper Rises Near $10,000/t On Investment Flows
(marketscreener.com) Copper prices edged higher and
closer to a strong resistance level of $10,000 a metric ton on
Friday and other base metals also gained, backed by investment
flows from funds. Three-month copper on the London Metal Exchange rose
1% to $9,965.50 per ton by 0454 GMT, while the most-traded June
copper contract on the Shanghai Futures...https://www.marketscreener.com/quote/commodity/LME-COPPER-CASH-16161/news/Copper-rises-near-10-000-T-on-investment-flows-46540232/?utm_medium=RSS&utm_content=20240426.
Metro Storage Llc Invests In Sustainable Future With Rooftop Solar Energy Panels
Metro Storage LLC expands it's Green Initiative with rooftop solar panels. LAKE FOREST, Ill., April 25, 2024 /PRNewswire-PRWeb/ -- Metro Storage LLC, a leading provider of storage solutions, is proud to announce its Green Initiative aimed at advancing sustainability in its operations. The...
Nv Energy Cuts Ribbon For $257M Battery Facility To Boost Solar Around Las Vegas | Energy | Business
NV Energy held a ribbon cutting ceremony for a $257 million battery facility that can stretch the use of solar power into the night and store energy for about 165,000 homes.
Woodsmith Mine Developer Anglo American In £31bn Takeover Approach By Australian Rival
Anglo's board are now considered in the unsolicited offer from the world's largest mining company, BHP Billiton. :
Anglo's board are now considered in the unsolicited offer from the world's largest mining company, BHP Billiton The mining giant behind a multibillion-pound fertiliser project in North Yorkshire and Teesside is the subject of £31.1bn takeover approach from global rival BHP Billiton.
Bhp Makes $39bn Bid For Anglo American Amid Copper Rush - Nikkei Asia
SYDNEY/LONDON -- Australian mining leader BHP Group has proposed a 31.1 billion pound ($38.8 billion) takeover of U.K. miner Anglo American, eyeing the latter's copper assets as demand for the metal surges for use in renewable power and electric vehicles. BHP said in a statement Thursday that, along with Anglo's assets, the acquisition would bring "long-term growth potential."
Mining Giant Bhp Bets On Copper With Megabid For Anglo American
JHVEPhoto / Getty Images BHP office building in Houston, Texas. KEY TAKEAWAYSMining giant BHP Group has offered to buy rival Anglo American for nearly $39 billion.The deal would be one of the largest transaction in the industry in years if it goes through.The all-share offer is contingent on Anglo American spinning off shareholdings in two South Africa-listed units, its platinum division and its iron ore one.