Home » Archive for June, 2013
U.S. Firm Pearl Acquired by AstraZeneca
AstraZeneca has agreed to buy Pearl Therapeutics a respiratory specialist firm in the U.S., for $1.15 billion. The second largest drug maker in Britain is attempting to rebuild it pipeline for products through acquisitions. The new... More of this article »
PRISM Beneficial for US Tech Companies
US-based Internet services have a lot of users from outside the country. Google’s e-mail service, Gmail, has its servers in the company’s headquarters in California. Its business is international with less than 30 percent of the... More of this article »
Wells Fargo Settles Discrimination Complaint with $42 Million
Wells Fargo agreed on Friday to pay a settlement of $42 million for a complaint that was filed in April of 2012 by the NFHA or the National Fair Housing Alliance. The NFHA complaint alleged that the bank marketed and maintained repossessed... More of this article »
Facebook Exploring Mobile Map Options (NASDAQ: FB)
Facebook is said to be exploring options to purchase a leading mobile navigation service called Waze, based in Israel. The potential purchase price for the navigation service could run as high as $1 billion. Purchasing the service... More of this article »
Dell Computers Showing Up In Syria Despite Sanctions (NASDAQ:DELL)
A Dubai-based distributor has sold large amounts of computer equipment from Dell to the Syrian government despite strict trade sanctions. According to documents obtained by The New York Times, the computer equipment was sold by BDL... More of this article »
US Bonds Fall due to Speculations on Fed Stimulus
US Treasury debt prices dropped Friday as investors renewed their bets that the Federal Reserve would reduce its stimulus program later this year after data indicated solid employment growth. The yield on the benchmark 10 year note... More of this article »
Flood Warnings on East Coast from Andrea
Torrential rains, spawned a number of flood warnings, have pushed creeks and streams over their banks across the northeast thanks to Andrea, the Atlantic Hurricane season’s first named storm. On Saturday morning before sunrise, the... More of this article »
Jobs Market to Continue Slow Growth
The federal budget cuts might have affected how the government added new jobs but the private sector continued to create new ones at a slow but steady pace. Small businesses have experienced obstacles in their way and yet they are... More of this article »
June 7, National Doughnut Day
Dunkin’ Donuts as well as many other national doughnut chains along with numerous local shops are giving away free doughnuts Friday June 7 in recognition of the holiday dating back to 1938. The holiday was designed to honor volunteers... More of this article »
US to Sell More GM Shares after Automaker Returns to S&P
The US Treasury Department said it was planning to sell more shares of General Motors Co. common stock before the car company goes back to the Standard & Poor’s 500 Index after its four years of absence. The US government announced... More of this article »
IMF Lowered Standards to save Greece
On Wednesday, the International Monetary Fund announced that it had lowered its standards for sustainability of debt so it could bail out Greece. The group also said its projections for the economy in Greece might have been too optimistic. The... More of this article »
Amazon Expands Business with Online Grocery
Amazon.com is said to be planning to come out with an online grocery that it has been developing for several years. The company has set its sights on the biggest retail sector that has yet to be taken over by e-commerce. Food is a... More of this article »
Founder of Clinic in Miami to speak with Baseball Officials
The former founder and owner of the Miami based Biogenesis of America clinic has reached an agreement with officials from Major League Baseball to discuss players who have been linked to using performance enhancing drugs, said a source... More of this article »
US Manufacturing Index Drops to Lowest Level since June 2009
According to the Institute for Supply Management, the index of manufacturing activity declined in May to its lowest level since June 2009. This is caused by the weak economies overseas and a pullback in business spending that led to... More of this article »
Prices at Disney Theme Parks on the Rise
For those families or friends heading to one of the Disney theme parks in Anaheim, California or Orlando, Florida to visit with Cinderella, Mickey Mouse or anyone of their friends, the price of admission has just gone up. Experiencing... More of this article »
San Diego Tourism Agency Closes Down
The tourism agency of San Diego announced that it will close down Monday because the city hasn’t released the money it needs to pay its workers. Mayor Bob Filner said that he is withholding millions of dollars in tourism marketing... More of this article »
Regulators in EU Impose Fines on makers of Generic Drugs
Regulators in the European Union will start clamping down on the deals made of “pay for delay” in the pharmaceutical industry in June. Lundbeck from Denmark along with eight more generic drug makers will be fined for limiting the... More of this article »
Obama Extends Making Home Affordable Program
The US Treasury Secretary Jack Lew announced that President Barack Obama’s Making Home Affordable Program would be extended until December 31, 2015. This would keep it align with deadlines of other federal housing programs and initiatives. The... More of this article »
Feds looking into Cars that are Self-Driving
A move towards cars that are self-driving is gaining speed quickly and officials in charge of federal safety are telling the different states not to license the cars except when they are used just for testing. The officials said that... More of this article »
House Passes Student Loan Bill
The House passed a measure Thursday that would prevent the doubling of student loan interest on July 1. The legislation would keep the rates at prevailing market trends and end federal subsidies. It was voted along party lines, 221... More of this article »
Security at Theme Park Questioned after Gun Found
A grandmother and grandson visited Orlando and Disney World’s Animal Kingdom last weekend. They boarded the Dinosaur ride and were hunting for a couple of thrills. However, what they found was not what they expected – a load gun... More of this article »