Eurozone out of recession
After a record, 18 months of economic shrinkage, the Eurozone has finally come out of recession. The 17-country zone’s GDP expanded by 0.3% during...
Bill Ackman resigns from J.C. Penney’s board
Bill Ackman of Pershing Square Capital Management has just resigned from the board of J.C. Penney.
The resignation comes following a series of decisions...
Mexico oil monopoly about to end?
Is the 75-year-old oil monopoly in Mexico about to end? Enrique Peña Nieto, the President of Mexico, has presented Congress with a bill that...
Steinway Musical Instruments Inc. might sell for $477 million
An investment firm has offered to pay $477 million for Steinway Musical Instruments Inc. ($38 per share), topping a previous bid of $438 million by...
Unilever sells Wish-Bone salad dressings brand for $580 million
Unilever is selling their Wish-Bone salad dressings brand for $580 million to Pinnacle Foods Inc.
The purchase brings in new brands (such as the Western...
Chief executive of Dole Food Company, Inc. wants to buy out company
Dole Food Company, Inc. will soon be acquired by David H. Murdock in a definitive merger agreement in which Mr. Murdock will buy complete...
Sanofi in bribery investigation in China
French pharmaceutical giant, Sanofi is under investigation in China after a local newspaper - the Guangzhou-based 21st Century Business Herald - published bribery allegations....
Japan – disappointing second quarter economic growth
The economic strategies of the new Prime Minister of Japan, Shinzo Abe, do not appear to be that effective, as the three month performance...
Blackberry explores the idea of selling the company
BlackBerry Limited, a mobile communications giant, has just announced that the Company's Board of Directors has been exploring strategies to try and “enhance value...
American middle class continue to financially struggle
A new report titled “The Myth of America’s ‘Culture of Consumerism’: Policy May Help Drive American Household’s Fraying Finances” has examined what is preventing...