California-based Oracle Corp. on Dec. 17 announced that it has entered into an agreement to buy Melbourne, Australia-based Aconex Ltd., a company that offers a cloud-based system for managing construction-team collaboration, for $7.80 per share in cash.
A Sept. 17 fire in an underground Georgia Power utility tunnel knocked out power to Atlanta’s Hartsfield-Jackson International Airport, forcing the cancellation of more than 1,400 flights and stranding thousands of passengers in the terminal and aboard planes on the tarmac of the world’s busiest airport.
The long trade battle over the pricing of Canadian softwood-lumber shipments to the U.S. has become more intense, after a U.S. trade panel’s Dec. 7 ruling that the exports have hurt domestic producers.
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