A statement from the U. S Department of Justice said that JPMorgan Chase Bank will have to pay $50 million or more to about 25,000 homeowners who are at present in bankruptcy. This payment will be done by JPMorgan Chase as part of the settlement with the U. S government as the bank issued defective bankruptcy documents.
Reportedly, on Tuesday, a New York lawmaker told the state to begin an "immediate investigation" of flooring that were sold by Lumber Liquidators which allegedly had higher levels of formaldehyde than granted standards. The floorings in question were manufactured in mills of China.
Cardinal Health Inc. will acquire Johnson & Johnson's heart care-product business, Cordis, for $1.94 billion cash deal. This move will allow the company to add stents and catheters to its product list which it offers to hospitals, ambulatory centres, clinical laboratories, and also physicians.
People shopping at outlets of Costco, the large and influential chain, will now require a new credit card to pay for the merchandise that they purchase.
Costco is the second-largest retailer in the world by revenue. It operates in 671 locations all over the world.
Looking at the storm activities in Southern California in the last couple of months, on Monday, the State Water Project announced that it would augment the amount of water deliveries to agencies all through the state. However the officials made it clear that it does not necessarily mean that the drought conditions in the region is coming to an end.
The drivers must have noticed a rise in the gas prices recently. According to a report from AAA, the average price nationally has spiked for consecutive 28 days for standard unleaded gasoline.
For several months the gas prices fell steeply making the drivers happy but once again it is on the rise, though slowly, but the sight of prices spiking in gas station is once again back.
Sunday morning kept some of the girl scouts busy, who decided to take part in the 2015 Cookie Box Creations competition. There was excitement and a continuous hum of activity all through the morning at the Galleria where about hundred or more Girl Scouts constructed amazing designs from empty boxes of Girl Scout cookies.
On Monday, the oil prices still remained low due to oversupply concerns. The prices had partially recovered from prior losses following the report of a private business survey which revealed a progress in the manufacturing sector of China in February.
The Palo Alto, California based Hewlett-Packard Co's shares fell on Tuesday during late trading hours following the company's quarterly revenue and earnings outlook which could not match the expectations of Wall Street.
The US Citizenship and Immigration Services (USCIS) made an announcement that says, starting May 26, the spouses of H-1B and a few other visa holders would be eligible to work in the U. S. This move was applauded by many Indian techies and other Asian associations.
This announcement on Tuesday could be the first reform to be put into practice which is aimed at high-skilled immigrants.
On Monday, the New York drug maker Bristol-Myers Squibb Co. said that it will acquire Flexus Bioscience Inc., which a privately owned drug manufacturer. The deal will be worth around $1.25 billion. The deal is an effort of Bristol-Meyers to add some promising cancer-fighting products into its list of offerings.
Valeant Pharmaceuticals International is acquiring Salix Pharmaceuticals, the maker of gastrointestinal drugs in an all-cash deal which is worth approximately $10.1bn. The announcement came from both the companies on Sunday.
In a news release, the drug makers said that the deal for was approved by the boards of directors of both the companies.
Last year, A. G. Lafley, Procter & Gamble's CEO had announced that the consumer goods and personal care products company planned to revamp the brand portfolio majorly. Recently it was noted that P&G plans spin off or sell off about one hundred of its brands by the summer this year.
Shinzo Abe's cabinet members in Japan say that they are ready to endure a slowdown in inflation for a short-term as a consequence of the collapsing oil prices by around half starting from the middle of the previous year.
A risk analysis report of the federal government's Department of Transportation predicts that in the coming two decades trains carrying crude oil or ethanol on an average will derail ten times in one year which will cause damage of worth $4 billion or more.
If reports are to be believed then the encryption keys used widely in mobile phone SIM could be an additional tool for the US and British spy services in their arsenal.
On Friday, Anthony Foxx , the U. S. Transportation Secretary said that Takata, the biggest air-bag manufacturer of the world, will face a fine $14,000 per day if it does not comply with the demand of federal authorities to disseminate more information about its air bags which have caused six deaths and injured several others.
Last week the number of Americans filling applications for unemployment benefits dropped by a large number. This surely signals at a strong job market which is hoped to maintain its upward movement.
A smaller than expected loss for the quarter was reported by Intuit Inc. mostly owing to a sturdy demand for software, TurboTax, which helps in preparing online tax files. The demand rose at the beginning of the tax-filing season in the United States.
The hare prices of the company spiked as much as six percent to $96.45 on Thursday during the after-market trading.
To extend its audience base, Google Inc. is now planning to invest in technology especially designed for children. The company is seeking a new way to go beyond its popular tools and adult appropriate contents.
- Samsung signs deal with Amazon.in to sell Galaxy K Zoom handset in India
- GE unveils smart LED light bulb – ‘Link’
- Report: iPhone 6 likely to be launched one month earlier than expected
- Huawei officially unveils its new high-end Ascend P7 smartphone
- Samsung launches its ‘Galaxy K zoom’ camera specialized-smartphone