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Expedia acquires Travelocity in a $280 million cash deal

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Expedia has acquired the online travel agency Travelocity from Sabre in a $280 million cash deal, the two companies announced on Friday. The acquisition...
Google

Google to become a mobile carrier, entering wireless business

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It appears as though Google is going to be entering the wireless business in a major way. The California-based tech giant made its first big...
Eurozone

ECB proposes 1.1 trillion euro injection to tackle deflation

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The European Central Bank President, Mario Draghi, has proposed a quantitative easing (QE) program based on monthly asset purchases of 50 billion euros until...
milk

Dairy market is in for a bust after a 2014 boom

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The dairy industry posted record high milk sales last year but plummeting prices is sending chills down the spine of dairy farmers of an...
xbox one

The Xbox One was the best selling console in December

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The Xbox One was the number one best selling console in the US in December (over the PS4 and Wii U) for a second...
Bombardier

Bombardier cuts 1,000 jobs and halts Learjet 85 work

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Montréal-based multinational aerospace and transportation company Bombardier Inc. announced on Thursday that it would reduce its workforce by about 1,000 and halt work on...

High-speed stock traders, FBI investigates

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Are high-speed stock traders engaged in insider trading or manipulating the stock market by inciting others with false orders? This is what the FBI...
US default

US default could trigger global recession, warns IMF

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A US default could cause a global recession, said Christine Lagarde, Managing Director of the International Monetary Fund. Lagarde said it would result in "massive...