Ethiopia Local News

Radiant Oil and Gas Announces Elimination of $37 Million of Institutional Debt

November 20, 2017

HOUSTON, TEXAS – 11/20/2017 — Radiant Oil and Gas, Inc. (ROGI) announced today it has eliminated $37 million of institutional debt from one of its Joint Ventures. The institutional investor was able to sell assets which in turn satisfied the joint venture debt of $37 million. Radiant has also been negotiating on behalf of the joint venture to reduce and eliminate its remaining $4 million of vendor debt. According to the Company, the vendors have been receptive to these overtures and Radiant believes that it can settle these accounts for significant discounts or other options.As a result of...

Haining Duletai New Material Co.,Ltd Announces Best Quality Fiberglass Window Curtain Fabric for Global Supply

November 20, 2017

With flame retardant and environmental protection properties, the fiberglass window curtain fabric supplied by Haining Duletai New Material Co.,Ltd is ideal for buildings to keep them protected from dust, dirt, allergens, fungus and bacteria. China based Duletai New Material Company supplies fiberglass window curtains that are not only durable and attractive, but also come with several useful properties to keep the room environment clean and hygienic. With self-cleaning and flame retardant characteristics, the curtain fabric is smooth and environment-friendly to be used in windows in buildings. The company has introduced the innovative fiberglass...

Republic National Distributing Company and Breakthru Beverage Group to Form $12 Billion Company with North American Footprint

November 20, 2017

NEW ORLEANS & NEW YORK--Republic National Distributing Company, LLC (“RNDC”), a distributor and broker of premium wine and spirits, and Breakthru Beverage Group, LLC (“BBG”), a distributor and broker of beer, wine and spirits in the U.S. and Canada—both members of the Forbes list of “America’s Largest Private Companies”—today announced the execution of a Letter of Intent to combine their assets and operations. “The merger of RNDC and Breakthru will create strategic opportunities that will benefit our associates and our business partners in a rapidly changing and highly competitive marketplace. Much more than a growth opportunity, we are entering this venture to create something that is different, sustainable and transformative,” said RNDC...

Georgia Dome Demolition Sets Stage for New 1,010 Room Luxury Headquarter Hotel

November 20, 2017

ATLANTA--The Georgia Dome – the iconic, game-changing venue that forever altered Atlanta and the state of Georgia’s cultural, architectural and economic landscape - was imploded at 7:30 a.m. Eastern Standard Time today. Taking a mere 12 seconds to flatten the building’s approximate 250,000 cubic yards of concrete, the implosion utilized more than 10,000 man-hours of preparation, 4,800 total pounds of strategically placed explosives, and approximately 6 miles of detonating cord and 1 mile of electrical wire connections. The Dome’s calling card was its versatility. It was the only venue to ever host the Olympics, the Super Bowl, and the NCCA Men’s Final Four. The Georgia Dome hosted its final public event, Monster Jam, on March 5, 2017. Built for $214 million by the State of Georgia...

AISense Raises $10M Series A to Power Ambient Voice Intelligence™

November 20, 2017

LOS ALTOS, Calif.--AISense announced today it has raised a $10 million Series A round as part of its mission to make all voice conversations accessible and searchable through Ambient Voice Intelligence™. The company is powering transcription for the Zoom Video Communications platform and is working to ship a consumer product available in early 2018. This round brings total funding to $13 million since the company was founded in early 2016. The round is led by Horizons Ventures with participation from Tim Draper’s Draper Associates and Draper Dragon Fund, David Cheriton, the first Google investor, and Bridgewater Associates, among others. Bart Swanson, an advisor at Horizons Ventures, has also joined the AISense board. “We wanted to...

AGCO’s Innovation Rewarded with Prestigious Awards at Agritechnica 2017

November 20, 2017

DULUTH, Ga.--AGCO, Your Agriculture Company, (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment and solutions, achieved remarkable success with 17 major awards at the prestigious Agritechnica 2017 event in Hannover, Germany. As a result of the votes cast by an independent expert committee, AGCO was once again one of the most successful manufacturers at Agritechnica 2017 by way of the number of innovation awards received. “Winning these significant awards is a testament to our continued commitment to deliver high-tech solutions for farmers feeding the world,” said Martin Richenhagen, Chairman, President and CEO, AGCO Corporation. “AGCO’s significant investment in research and development enables our brands to develop these award-winning innovations and technologies...

Calvin Klein, Inc. Announces the Latest Calvin Klein Underwear and Calvin Klein Jeans Global Advertising Campaign

November 20, 2017

NEW YORK--Calvin Klein, Inc., a wholly owned subsidiary of PVH Corp. [NYSE: PVH], today announced its new CALVIN KLEIN UNDERWEAR and CALVIN KLEIN JEANS global multi-media advertising campaign. The campaign introduces an evolution in the CALVIN KLEIN brand’s globally recognized #MYCALVINS call to action: “Our Family. #MYCALVINS.” Shot by photographer Willy Vanderperre, the first chapter of this new campaign features songwriter and recording/visual artist Solange alongside her personally curated cast of singers/songwriters, including Kelela,...

UBTECH Announces Global Availability of Lynx With Amazon Alexa

November 20, 2017

LOS ANGELES--UBTECH Robotics, a global leader in intelligent humanoid robots, today announced the global availability of Lynx with Amazon Alexa, the first humanoid robot to feature Alexa, Amazon’s cloud-based voice service. Lynx with Amazon Alexa combines UBTECH’s award-winning proprietary robotics with cutting-edge Alexa technology. Featuring voice, facial and presence recognition, and key features including Surveillance Mode and Avatar Mode, Lynx with Amazon Alexa offers unprecedented intelligence and robotics...

Diös Fastigheter establishes a commercial paper programme

November 20, 2017

Mon, Nov 20, 2017 15:30 CETDiös has established a commercial paper programme with maximum size of SEK 2,000 million. An investor presentation will be held on Nov 30th and the first issue is expected on Dec 1st. The time to maturity for the commercial papers is maximum of 364 days. -    The commercial paper programme gives us both diversification and flexibility in our funding, in a cost-efficient way, says Rolf Larsson, CFO Diös Fastigheter. The programme will have a secured back-up facility to manage the refinancing risk. Arranger of the programme is Handelsbanken and Dealers are Swedbank and Handelsbanken. For further information, please contact: Rolf Larsson, CFO Diös FastigheterPhone: +46 (0)10- 470 95 03E-mail:...

Metsä Wood: Building a modular wooden home

November 20, 2017

Mon, Nov 20, 2017 15:12 CET The Fondation des Amis de Médecins du Monde organized a competition to provide homes for people who are currently in precarious living conditions in Toulouse, France. A participating team from L'Ecole Nationale Supérieure d'Architecture de Toulouse (ENSA) won the second prize in the competition with a proposal for a housing prototype using Kerto® LVL from Metsä Wood. A request was made for proposals for housing that would be innovative, modular, transformable and easy to dismantle. Altogether five teams of ENSA students participated in the contest. As one of the teams succeeded well, their professor, Mr. Josse, decided to turn...

Latest Press Releases