Home » Archive for June, 2014
General Electric Reaches Deal For Alstom Assets (NYSE:GE)
After nearly two months of negotiations, General Electric has announced that the company has reached a deal to purchase Alstom for $13.5 billion. G.E. is adding Alstom’s steam turbine factory in Belfort and a gas turbine plant in... More of this article »
Reports Of Another General Motors Recall Increases Safety Concerns (NYSE:GM)
General Motors has announced new recalls affecting more than half a million more vehicles, adding to the mounting toll of its safety crisis. In the largest new recall, the company is recalling 392,459 full-size pickup trucks and sport... More of this article »
Judge Charges Vice President of Argentina with Bribery
A judge in Argentina has charged Amado Boudou the Vice President with bribery as well as conducting business that is incompatible with holding public office, due to the acquisition of a company that prints the currency in the country... More of this article »
Bacteria Test Failed by 10% of U.S. Beaches
Take heed swimmers 10% of the water samples from lake and coastal beaches in the U.S. failed to meet the safety standards that were set by the United States Environmental Protection Agency, said a new report. One expert said there... More of this article »
Brazilian Family Has Extra Fingers
Brazil has won five World Cup titles, but for one family of Brazilians the five is one short. Fourteen Da Silva family members were born with six fingers on both hands and six toes on both feet due to a rare genetic condition known... More of this article »
Founder of American Apparel Ousted For Posting Nude Photos
Dov Charney, the CEO and founder of American Apparel was fired this past week due to a company investigation done internally that found he misused company monies and allowed an employee to post photographs of a former female worker... More of this article »
BlackBerry’s Earnings Ease Concerns About Stability (NASDAQ:BBRY)
Over the past few years, investors have gotten used to BlackBerry’s relentlessly grim financial results. So for many of them, the smartphone company’s most recent earnings report was a pleasant surprise. The company reported a... More of this article »
Sales and Profit at Oracle Miss Estimates
Sales and profit at Oracle Corp. ended short of estimates by analysts for its fiscal fourth quarter, as competitors such as Salesforce.com and other rivals in cloud computing lure away customers. Profit prior to certain types of costs... More of this article »
Tony Gwynn Dies of Cancer Aged 54
Tony Gwynn the former All-Star in Major League Baseball and a member of the Hall of Fame has died at the age of 54. Gwynn spent each of his 20 years in the majors with the San Diego Padres of the National League. Gwynn was on medical... More of this article »
Google Announces $500 Million Purchase Of Skybox Imaging (NASDAQ:GOOGL)
Google has made an announcement detailing its agreement to purchase Skybox Imaging for the price of $500 million. Skybox, a provider of high-quality satellite images, was founded in 2009 by four Stanford business school students under... More of this article »
P.F. Chang’s Credit Card Breach is Confirmed
On Friday, the P.F. Chang’s China Bistro announced that they had suffered a breach that involved data from the debit and credit cards of customers that were used in its restaurants. This confirmed a report earlier in the week. After... More of this article »
Priceline to Acquire OpenTable
Priceline has agreed to buy OpenTable the online reservation company for restaurants for over $2.6 billion. Priceline, the online travel business should be helped by branching out into a new segment of business. Darren Huston the President... More of this article »
JetBlue Reveals New Value-Priced Business Class Service (NASDAQ:JBLU)
To lure more business class fliers, JetBlue has created a new value-priced business class service named Mint. The new service is being launched on coast-to-coast flights between New York and Los Angeles or San Francisco starting this... More of this article »
Cheese Makers Fear Wood Crackdown
For artisan cheese makers aging their cheese on boards made of wood is commonplace in both the U.S. and overseas. However, now some members of the industry have become worried that regulators might crack down on the practice. The U.S.... More of this article »
Tyson Foods is Winner of Hillshire Battle
Tyson Foods won the battle to purchase Hillshire Brands Co by offering close to $1 billion more than Pilgrim’s Pride its rival. The offer by Tyson is equal to $63 per share and is all cash, which values Hillshire at $7.7 billion. Pilgrim’s... More of this article »
Sprint, T-Mobile Deal Hinges On Approval Of Skeptical Regulators (NYSE:S) (NYSE:PCS)
Sprint and T-Mobile USA have reportedly settled on the terms of a $32 billion deal to merge the two companies. The deal’s supporters say that instead of reducing the number of competitors in the wireless phone industry, it would... More of this article »
S&P Moves Ireland Up a Notch
On Friday, Standard & Poor’s said it had upgraded the government bonds of Ireland by a notch to an A-minus rating, saying the country was making positive progress in recovering from its banking and debt crisis of six years. This... More of this article »
Netflix And Verizon Trade Barbs On Streaming Delays (NASDAQ:NFLX) (NYSE:VZ)
People streaming shows on Netflix may have noticed a message on the screen from the company blaming Verizon for slowing down their streaming speed. Journalist Yuri Victor, who noticed the on-screen message as he began to stream a television... More of this article »
Chemical Safety Board Finds BP’s Fixes Inadequate (NYSE: BP)
In 2010, a disaster at BP’s Deepwater Horizon rig in the Gulf of Mexico dumped millions of gallons of oil into the sea and killed 11 workers. Since the incident, the principal government regulatory agency monitoring offshore drilling... More of this article »
Increasing Adoption of WhatsApp in the U.S. Challenging
Brian Action the co-founder of WhatsApp said that is remains a challenge for the company to increase the use of its messaging service in the U.S. as well as in some other markets. However, the company will still be able to create significant... More of this article »
U.S. Has Stopped Major Extortion and Hacking Ring
An international operation led by the U.S. put to an end a crime ring that had infected many hundreds of thousands of PCs across the globe with a malicious software that is used to steal banking information and to extort the owner... More of this article »