Siemens to acquire Dresser-Rand Group Inc for $7.6 billion
The German Industrial giant Siemens AG has agreed to acquire the U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion, trumping the competing...
United Airlines making substantial changes to set itself in the right direction
United Airlines is making steady progress on its on-time rates, despite a bad start to the year. The company was subject to a number...
Labour pledges ₤8 per hour minimum wage by 2020
The UK’s Labour Party on Sunday pledged an ₤8 per hour minimum wage by 2020 if it wins next year’s general elections. It says...
US economic indicators show August slowdown
The US August Leading Economic Index increased by just 0.2% to 103.8 compared to 0.7% and 1.1% rises in June and July respectively, according...
Aviva sells Spanish stake for €287 million
British multinational insurance company Aviva plc announced on Friday it had sold its stake in CxG Aviva for €287 million (£226 million, $368 million)...
Bitcoin Ponzi scheme ruled as securities fraud
A U.S. Magistrate Judge in Texas agreed with the US Securities and Exchange Commission (SEC) that Trendon Shavers’ Bitcoin Ponzi scheme amounted to securities...
Horizon Pharma moves to Ireland to avoid high US taxes
The pharmaceutical company Horizon Pharma plc has incorporated itself overseas in Ireland, following its $600 million acquisition of Vidara Therapeutics International plc.
Corporate inversion...
“Rolling Jubilee” project eliminates $4 million in unpaid student loan debt
Strike Debt’s project called “Rolling Jubilee” has managed to purchase and eliminate $4 million dollars in unpaid private student loan debt from student lenders...
Bill Clinton says Jack Ma could help transform China
Alibaba Group Holding Ltd. set a new record in its $21.8 billion initial public offering.
The company’s debut has generated a lot of attention and...
US economic growth slowed down in August
Economic activity in August was lackluster and less than forecasted. The Conference Board said that despite slower economic pace of growth, it is still...