Some jobs are saved at the troubled Caparo Tubular Solutions as it has been acquired by the Gupta family that manages the metals groups, Liberty House according to PwC.
The small retail store owners are optimistic about the effort of Saturday Special time for shopping at smaller retail stores. The local governments and business advocates are also making an effort to promote the cause bringing a special whiff of hope to the small merchants in the area.
It’s high time that the regulators look into California’s aging gas infrastructure. For over a month gas has been leaking from a storage site in Los Angeles and according to the environmentalists, it should be a “wake-up call” for regulators.
The number of solar installations on the roof tops in California are much more in number than many other states.
However, the state along with many others in the solar industry and utility companies are debating over the issue regarding how much money the customers using solar panels should be permitted to save.
The year is about to end and some deals in the pharmaceutical companies is keeping the market alive bringing in controversies. It’s none other than Pfizer’s $152 billion deal with Allergan.
Aerojet Rocketdyne Bags Contracts from NASA and Boeing Co. with Combined Value Close to $1.36 Billion
On Monday, Aerojet Rocketdyne Holdings Inc. in an announced said that it has got a contract from NASA and Boeing Co. that has a combined value of close to $1.36 billion. It’s good news for the company that has faced several financial setbacks recently.
Thanksgiving is just a few days away and turkey shortage is creating major concern. The Phoenix-area food banks like the United Food Bank, Society of St. Vincent de Paul and St. Mary’s Food Bank are still scrambling with thousands of turkey shortage and are asking for continued donations to meet the demand to provide food for the needy families.
It has been almost three weeks since Virgin Atlantic Airways; the British carrier, sacked twenty Nigerian cabin crew members. Yesterday, the aviation unions threatened to stop the carrier from operating in the country.
General Motor's agreement with UAW has hit a snag as the specialized "skilled trades" workers voted against it. Once again GM and UAW leaders have hit the negotiating table to resolve matters.
It's a common thing with companies poaching top executives in tech businesses and chip makers so, when Venkata Renduchintala joined Intel it did was not too shocking though a little unexpected. Until very recently, Renduchintala was a top executive with Qualcomm and now he will run the PC, mobile, IoT and software businesses of Intel.
The GDP forecast for South African economy was revised down for 2015 and 2016; however it remained unaltered for 2017. Property market is also expected to be indecisive as the industry warns of an unsteady housing market.
In April Abercrombie & Fitch announced that it would stop "sexualized marketing" and the company seems to be looking for a turnaround in image and win back its customers. It's working it seems!
The company also said it would change the employee dress code, toning down the music and cologne for a "more pleasurable shopping experience."
Although dollar dipped a little but still held ground at nearly a high of seven-months during the early Asian trade. The green back also got a lift, as some of the Fed hinted at a possible hike in the key interest rates in the coming month.
Norwegian oil company Statoil Follows Shell’s Footsteps; Abandons Plans of Oil Drilling in the Alaskan Arctic
Royal Dutch Shell did it first and now Statoil follows its footsteps. On Tuesday, the Norwegian oil company announced it is abandoning plans of drilling for oil in the Alaskan Arctic.
Record Number of Travelers Expected during the Holiday Season this Year; Los Angeles International Airport will be the Busiest
The winter breeze and dipping temperatures are reminders of the holiday season that's just around the corner. However, travelers who expect a quite travelling season can be disheartened as, roads as well as airports are expected to be very busy this year.
Timothy Sloan Promoted as Chief Operating Officer and President by Wells Fargo, Paving way for Future Leadership
Timothy Sloan, 55, has been with Wells Fargo & Co for twenty eight years and on Tuesday, the lender promoted him to the chief operating officer and president's post. That will allow him greater authority over more businesses. It also makes him the potential successor of the present CEO some day.
On Monday, the copper price in London slid to a six-year low as markets reopened after the Paris attacks. The global recovery continued to stagger as the investors looked for a risk aversion strategy and lifted the dollar.
In a note, Argonaut Securities said, "Copper prices will find support with signs of demand recovery in property, power and home appliance sectors."
MTN Group, the mobile phone company from South African said on Saturday, it has not reached any final agreement with the Nigerian government authorities that will permit it to make the $5.2 billion fine in phases, which was supposed to be paid on Monday.
Chris Maroleng, a spokesperson from MTN said, "We caution against information from any sources outside the company."
The drought in South Africa is tightening its grip as the country records one of the driest rainy seasons. The water supplies are depleting and people are facing shortage throughout the nation. Almost scarcity is affecting almost 2.7 million households. The rural areas are facing the most difficulties as the residents require collecting water and carrying them in buckets once in a day.
Anheuser-Busch InBev, the multinational beverage and brewing company that makes popular beer Budweiser, agreed to take over London-listed SABMiller for £71 billion.