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CP Rail strike ends, sides agree to binding arbitration
2015-02-17 15:39:18| Railroads - Topix.net
A day-old strike at Canadian Pacific Railway screeched to an unexpected halt Monday with the company and its union agreeing to binding arbitration just hours before employees were to be legislated back to work. Labour Minister Kellie Leitch was on the verge of introducing a bill to end the labour dispute when she suddenly emerged from the House of Commons to reveal the two sides had beaten her to it.
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Telecity, Interxion agree all-share merger
2015-02-11 08:44:00| Telecompaper Headlines
(Telecompaper) The European data centre operators Interxion and Telecity have agreed an all-share merger. The deal will take the form of a Telecity bid for Interxion, with the new company to remain listed in London. Interxion shareholders would receive 2.3386 new TelecityGroup shares for each Interxion share held, giving them 45 percent of the combined group. Interxion CEO David Ruberg, who led negotiations on the deal, will remain CEO for at least the first year, and Telecity's executive chairman John Huges will be chairman of the new company. In addition to an enhanced footprint of data centres, the companies expect an extra GBP 40 million in EBITDA per year from cost and revenues synergies as well as GBP 300 million in savings on capital expenditure. The deal remains subject to a definitive agreement, due diligence and approval by both companies' boards. Telecity has agreed to not consider other proposals until 04 March. Pending shareholder and regulatory approval, the merger is expected to close in the second half of this year.
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Navistar, union agree to new contract
2015-02-10 09:03:41| Automakers - Topix.net
Navistar International Corp. has agreed to a contract with its workers in Springfield.
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Target 2100: can the world agree on a climate plan?
2015-02-03 01:00:00| Power Technology
The IPCCs latest report on climate change stresses the need for international cooperation to avoid the worst of its effects. But with a binding agreement elusive, are the worlds governments capable of decisive action before its too late?
Charles City, Va., Waste Management Agree to $1.5M Settlement
2015-01-28 22:54:00| Waste Age
<a href="http://nkccnews.com/">NKCCNews.com</a> After 15 months of legalities, motions, and mediation as part of a civil lawsuit between Charles City County and Waste Management, both parties agreed to a $1.5 million settlement. read more
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