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Archive for the ‘Business news’ Category

The Association of Surfing Professionals (ASP) has announced the acquisition of the Billabong XXL Big Wave Awards.

The sole governing body of professional surfing promises to expand its reach and co-sponsorship opportunities, while Billabong maintains a key naming rights position.

“This is a platform to honor   …  More

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Technology was supposed to be the end of bike messengers – until some couriers managed to make it their means.

The number of messengers in San Francisco has plummeted in the last two decades, but the surviving courier companies are getting a boost from tech and the on-demand lifestyle it enables.

As companies including Google, Amazon and eBay rev up their same-day delivery vans, startups are turning to bicycle messengers   …  More

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An American investment consortium led by HIG Capital has reportedly moved to acquire Germany’s famed Nurburgring race complex.

The firm is said to have submitted an acquisition proposal to the German competition regulator, the Federal Cartel Office, for a significant portion of the Nurburgring’s assets, according to Reuters.

The group is allegedly preparing to pay no more than 60-70 million euros (~$83.4-$97.3 million USD) for the complex, representing approximately half of the initial asking price of 125 million euros (~$174 million USD) in March of last year.

The buyout reportedly includes   …  More

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It turns out six decades of collecting dust may have been just what the Indian motorcycle brand needed.

Polaris (PII), which resurrected the nameplate in August with three new bikes, said this morning that “pent-up demand” has fueled a slew of orders for the first models rolling out of factories. The long-defunct brand may put a dent in Harley-Davidson (HOG) after all. “The shipment ramp-up was a little slower than we would’ve liked, but the initial quality is through the moon,”   …  More

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