HOUSTON – A wave of mega-mergers among U.S. oil producers is forcing service companies that drill and hydraulically fracture wells to cut their prices, merge, or face bankruptcy as they vie for a shrinking customer base. Over the past year and a half, U.S. oil producers have announced more than $275 billion in deals, including…
WASHINGTON – Major U.S. aviation organizations and unions have urged Congress to address chronic underfunding of Federal Aviation Administration (FAA) facilities, following a series of alarming reports on the deteriorating state of air traffic control infrastructure. In a letter signed by Airlines for America, the Aerospace Industries Association, the U.S. Chamber of Commerce, the Air…
German engineering giant Robert Bosch is contemplating a bid for U.S. appliance manufacturer Whirlpool, aiming to enhance its presence in the household appliances market, according to three individuals familiar with the situation. Bosch has initiated discussions with potential advisors regarding a possible offer for Whirlpool, which currently holds a market capitalization of approximately $4.8 billion,…
By Sumit Vishe U.S. prosecutors are engaged in crucial discussions with Boeing and the families of victims from fatal crashes as a pivotal July 7 deadline approaches for the Justice Department to decide on potential criminal charges against the aircraft manufacturer. This information comes from sources familiar with the matter and correspondence reviewed by Reuters….
