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Updated: 3 hours 57 min ago

Teva’s Bid for Mylan may Face Antitrust Issues Owing to Drug overlaps

Sat, 04/25/2015 - 11:38

On Tuesday, Teva, the biggest generic drug manufacturer in the world made a $40 billion offer to buy Mylan NV. The company was also quick enough to signal that it was prepared to sell several of its overlapping assets in order to win the approval of the regulators.

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Wynn Resorts Shareholders Choose to keep Elaine Wynn Out of the Board

Sat, 04/25/2015 - 11:36

The long drawn feud over the re-election of Elaine Wynn, to the board of Wynn Resort Ltd, ended on Friday as ex-wife of co founder Steve Wynn failed to secure her position back as a member of the board.

Shareholders had to decide among re-electing co founder, Elaine Wynn or going with the company's proposal to re-elect two sitting board members share holders sought to go with the company's suggestions.

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PepsiCo Dropping aspartame from Diet Pepsi Owing to Customer Concerns

Sat, 04/25/2015 - 11:34

Concerned over the effects of aspartame on health, American consumers are shying away from some of their favorite diet sodas, Diet Pepsi and Diet Coke.

In response to the worries PepsiCo announced that, it is dropping the ingredient, aspartame, from its Diet Pepsi. The company will be replacing aspartame with a different artificial sweetener, sucralose, which is also commonly called Splenda.

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McDonald’s New CEO will Unveil Plans of Turnaround Next Month

Thu, 04/23/2015 - 11:29

McDonald's Corporations new CEO, Steve Easterbrook has a big task in hand as he is expected to bring a turnaround in the struggling food chains economics. On Wednesday, the CEO of the fast food restaurant chain said that his plans for the turnaround will be available in the coming month.

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Navinder Singh Sarao Arrested in London for being Responsible for 2010 ‘Flash Crash’

Thu, 04/23/2015 - 11:25

A London trader was arrested for being the one responsible for the Flash Crash of the Dow Jones in 2010. But, the arrest is shaking the confidence of the investors rather than boosting it.

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Yahoo Inc’s First Quarter Profits Fail to Match the Analysts’ Expectations

Wed, 04/22/2015 - 11:38

On Tuesday, Yahoo Inc. reported its first quarter profits which dropped along with the quarterly revenue and failed to keep up with the analysts' expectations. The plunge is attributed to the lower prices for advert display and also the stock related compensation expense along with charges that were incurred for restructuring.

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Mislabeled Anti-Parasite Drug Container Held Responsible for Killing Aquarium Fish in Texas

Wed, 04/22/2015 - 11:37

Last week, 389 fish were killed at a Texas aquarium. The officials say that a mislabeled container of anti-parasite drug which actually carried poisonous chemicals may have led to the mishap.

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IBM’s First Quarter Profits Lower than Expected

Tue, 04/21/2015 - 11:46

International Business Machines Corp. reported its earnings for the quarter on Monday. The technology giant reported lower profits than expected in the initial quarter after it faced another plunge in revenues. The reason for the fall this time is attributed to the strong US dollar.

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Reportedly, Morgan Stanley in Talks with NY Attorney General for a $500-millon Settlement Deal

Mon, 04/20/2015 - 11:27

Reportedly, the Wall Street bank, Morgan Stanley is in discussions with New York attorney general's office to pay approximately $500 million in order to reach a settlement for a probe that examines whether the firm misguided investors with mortgage bonds during the financial crisis.

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Department of Transportation Issues Oil Train Security Rules

Sat, 04/18/2015 - 12:27

On Friday, the Department of Transportation announced an emergency order that requires the crude oil and various flammable liquid hauling trains to slow down when they cross urban locations. The order also included several other precautions that are needed for increasing the security levels.

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Government Recommends Stricter Rules for Brokers Advising on Retirement Accounts

Sat, 04/18/2015 - 12:26

The U. S government proposed a new set of rules where the brokers managing the retirement accounts of American may be required to place the interest of the investor first.

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Panera Bread Co.’s Shares Rise After Announcement of Buyback Program

Fri, 04/17/2015 - 11:45

The share prices of Panera Bread Co. increased the most in the last three years following the bakery's announcement to boost its stock buyback program amounting to $750 million. The bakery chain also said that it is planning to sell or franchise seventy three of its cafes.

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UnitedHealth Raises Full Year Earnings Guidance following Augmented First Quarter Earnings

Fri, 04/17/2015 - 11:43

On Thursday, health insurer, UnitedHealth Group Inc. announced a twenty nine percent boost in its earnings for the first quarter that ended on March 31. The company also raised its guidance for full year earnings. The health insurance company has benefited from the expansion of its health-services dealing and a lesser effect from medical costs.

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Starwood Hotels Introduces its Second Collection of Independent Hotel brand ‘Tribute Portfolio™’

Fri, 04/17/2015 - 11:41

Today, Starwood Hotels & Resorts Worldwide launched the Tribute PortfolioT which will be one of the two of the company's collection of independent hotels.

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Orange County Water District’s Supply Cut by Fifteen Percent

Thu, 04/16/2015 - 12:09

On Tuesday, the legislation focused on issues of saving water effectively, was passed by the California committee.

Unanimous support was given to the two water bills for drought preparedness, that are authored by Senator Lois Wolk D-Solano.

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Etsy : What can be Expected from its IPO

Thu, 04/16/2015 - 12:08

Etsy is the online marketplace where one can shop for handmade goods like bags, jewelry, vintage goods and more. It seems to be a potentially good player on the budding freelance economy.

Selling craft supplies on the e-commerce marketplace Etsy drew the loyal audience. It initial public offering have been priced at $16 per share, which could value the company at around $1.78 billion.

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Rumors Say Yahoo May Acquire Foursquare for $900 Million

Thu, 04/16/2015 - 12:07

Rumors are in the air that Yahoo Inc. is looking forward to acquire Foursquare in a $900 million deal. On Wednesday, speculations were high as Tech Crunch, says that the deal is almost decided with just a few last minute details that the two companies are working out mutually.

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Dan Price, the founder of Gravity Payments Aims to Raise Minimum Pay to $70K Annually

Wed, 04/15/2015 - 11:41

On Monday, Dan Price, the founder of Seattle-based Gravity Payments told his employees, that in the coming three years time he plans to raise the minimum level of salary at the medium sized credit card payment processing firm to an yearly $70,000.

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European Commission May Bring Antitrust Charges Against Google

Wed, 04/15/2015 - 11:38

Reportedly, the European Commission is all set to charge Google for using its leading spot in online searches to support its own services preventing the others from hitting the spotlight. This antitrust case may be one of the largest after the one which the regulators brought against Microsoft.

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Rise in Oil Price Noted as Speculations Signal at Slowing of US Oil supply, with OPEC Following

Wed, 04/15/2015 - 11:37

The oil boom that caused the prices to fall severely may just be ending as speculations say that there may be a sluggish growth in production. This caused the oil prices to reach its one-week high.

The oil futures spiked about 0.9 percent in New York which is the longest increasing strip noted in the last three weeks.

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