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TransCanada Acquiring Texas Based Columbia Pipeline Group Inc in a $10.2 Billion Deal

Fri, 03/18/2016 - 13:56

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Expanding its reach further into the U. S. natural gas market, TransCanada Corp. is buying Houston, Texas based, Columbia Pipeline Group Inc. in a $10.2 billion deal.

The Calgary based energy company will fund the deal with proceeds from its asset sales and an offering of new shares worth $3.2 billion.

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Mozambique Offers Bond Holders an Option to Swap “Tuna Bond”

Fri, 03/18/2016 - 13:52

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On Thursday, Ematum, Mozambique's state-run tuna-fishing company said, its bond holders find a proposed debt swap offered to them "fair". That raises the chances of a friendly exchange.

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Dow Jones Industrial Average Moves into Positive Territory for the Year with Climbing Commodity Prices

Fri, 03/18/2016 - 13:45

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On Thursday, the Dow Jones Industrial Average moved into positive territory for the year as commodity prices climbed, backed by a weaker U. S. dollar, boosting shares in the commodity and energy sectors.

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FedEx Reports Better than Expected Results for the Holiday Quarter

Thu, 03/17/2016 - 13:09

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Growing competition could not keep FedEx from riding high as the company announced a better than expected results for the quarter that ended on February 29. The package delivery company attributes most of its growth to online shopping, which helped it beat the expectations for the holiday season.

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Reportedly New York’s Plaza Hotel is All Set to be Up for Sale in Foreclosure Auction Next Month

Thu, 03/17/2016 - 13:06

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A report on Wednesday said that the New York's Plaza Hotel is all set to be put up for sale in an auction in the coming month.

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Coherent Inc Acquiring Rofin-Sinar in a $942Million Deal

Thu, 03/17/2016 - 13:01

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Coherent Inc, the laser tools and systems maker with a global presence and headquartered in Santa Clara, California said it would acquire Plymouth, Michigan, based laser developer and manufacturer Rofin-Sinar Technologies Inc. The deal is valued at approximately $942 million and is expected to close within six to nine months. It is still pending regulatory and shareholders' approval.

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Nike Unveils its Much Awaited Self Tying Sneakers

Thu, 03/17/2016 - 12:58

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People who find it too difficult to tie their shoe laces or if it frequently unties, here is the perfect solution; the self tying shoes from Nike.

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Oracle’s Quarterly Revenue Surpasses Expectations

Wed, 03/16/2016 - 13:52

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On Tuesday, Redwood City California based Oracle Corporation reported quarterly profits that surpassed expectations mainly due to gains from its growing cloud business. The computer technology company also said that it will boost its stock buyback program by $10 billion. The news send Oracle shares almost 4 percent up during the extended trading hours.

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Chipotle Reports Greater than Expected Drop in February Sales

Wed, 03/16/2016 - 13:45

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On Tuesday, Chipotle Mexican Grill Inc's reported a greater than expected drop in sales in February at established restaurants. The burrito chain warned that it might post loss in its first quarter as a public company. This will surely stretch the company's turnaround time after it faced an array of food related health issues.

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Uber and Lyft Gain Popularity at Dallas/Fort worth International Airport; GM and Lyft to Roll out Express Drive this Month

Wed, 03/16/2016 - 13:41

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The growing popularity of Uber and Lyft might be good for the drivers who serve these ride hailing services but it is bad news for the conventional taxi drivers who say they are losing business.

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Investors Get Another Jolt as Valeant Offers Gloomy Earnings Outlook

Wed, 03/16/2016 - 13:35

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No matter how Valeant Pharmaceuticals International Inc. tries to win investors favor but its situation gets worse. The company reeling with troubles for months offered a financial outlook on Tuesday which turned out to be worse than people feared. Stocks dropped and the company's market value was cut into almost half.

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Research shows ‘difficult patients’ are more likely to be misdiagnosed

Wed, 03/16/2016 - 08:21

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According to a new research study, patients who are usually seen as difficult are more likely to be misdiagnosed by their doctors.

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Parents continue fight for meningitis B vaccine for children

Wed, 03/16/2016 - 08:18

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Parents and campaigners are continuing their fight to make the NHS offer meningitis B vaccine to all children up to the age of 11 years in the United Kingdom.

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Outerwall Inc to explore Financial Alternatives; mm2 Entertainment Unveils its Three Future Projects

Tue, 03/15/2016 - 13:46

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On Monday, Bellevue, Washington based Outerwall Inc said the company with a network of movie and game rental kiosks, would explore strategic and financial alternatives.

In extending trading hours on Monday, shares of the company climbed almost 15 percent to $39.50. The company doubled its quarterly dividend to 60 cents a share.

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Avon will Cut 2,500 Jobs; Plans to Shift Headquarters to UK

Tue, 03/15/2016 - 13:41

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Avon Products Inc. headquartered in New York City said it has a three year turnaround plan, which includes shifting its headquarters to the UK and 2,500 job cuts around the globe. The cosmetic maker's shares climbed close to four percent at $4.55 during the extended trading hours.

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Kellogg Co. Running an Internal Investigation Identify the Man behind “Disgusting Act” at Memphis Plant

Tue, 03/15/2016 - 13:34

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Kellogg says a video that surfaced online on Friday showing a man urinating on an assembly line was recorded in its Memphis, Tennessee, factory.

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Anbang Insurance Group Might Disrupt Marriott-Starwood Deal with an Unsolicited Bid to buy Starwood Hotels & Resorts Worldwide

Tue, 03/15/2016 - 13:29

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As China's economy faces a slowdown, Chinese insurers are rushing out of the country to acquire high-yielding assets. The insurers are struggling to keep up with the policy liabilities of the ageing population and the U. S. assets are considered as a good hedge against the future weakness which the yuan might face.

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Scientists are one step closer tocontraceptive pill for men

Tue, 03/15/2016 - 08:32

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A team of scientists has indicated that they are now a step closer to developing a contraceptive pill for men.

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