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CAE wins $300 million in contracts, including simulators to Air Canada

2015-10-15 21:33:31| Industrial Machines - Topix.net

Flight training and simulator company CAE Inc. says it won contracts valued at more than $300 million from 15 airlines, including Air Canada. CAE has sold 24 simulators in the first half of the year, putting it on pace to match its record of 48 such sales in a single year.

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Deezer launches EUR 300 million IPO

2015-10-15 12:16:00| Telecompaper Headlines

(Telecompaper) French music streaming company Deezer has launched an IPO of 8.24 million shares priced at between EUR 36.40 and EUR 49.24 per share. The initial size of the global offering is EUR 300 million, based on the low end of the price range. An over-allotment option allows the sale of up to 1.24 million existing shares by DC Music, Idinvest Partners, CMCIC Capital, Daniel Marhely, Thomas Erhel and Xavier Niel for EUR 45 million, based on the low end of the price range. The subscription period for the French public offering is expected to close on 26 October and a day later for the international offering. The price will be set on 27 October. The shares are due to start trading on 30 October. Deezer will use the proceeds to develop and enlarge its subscriber base by investing in marketing, leveraging its ad-supported service and customer relationship management, offering promotions in markets participating in direct web and mobile marketing, and through distribution partnerships with telecom operators and other partners. 

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VW ordered to recall 2.4 million cars

2015-10-15 10:57:19| BBC News | Business | UK Edition

Volkswagen is ordered to recall 2.4 million cars in Germany while Italian police raid VW offices in Verona and Bologna.

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Prologis Closes $820 Million Purchase of Retail/Warehouse Portfolio

2015-10-14 14:31:00| National Real Estate Investor

Randyl Drummer <news@costar.com> Prologis, Inc. (NYSE: PLD) has completed the acquisition of a 5.4 million-square-foot portfolio of mostly Northern New Jersey industrial properties and retail buildings in the Tri-State New York and Florida markets, with the San Francisco industrial REIT announcing that the 2.2 million square feet in acquired retail assets will be sold to affiliates of Blackstone Real Estate Advisors for about $374 million, including assumption of debt. This portfolio... read more

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4K Ultra HD TV market to hit 330 million units by 2019

2015-10-14 10:00:19| Digital TV News

According to Parks Associates, more than 330 million 4K UHD TVs will be sold globally by the end of 2019. Of U.S. broadband households planning to purchase a flat-panel TV in 2015, 56% think that 4K picture quality is an important feature.

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