News

Lufthansa

Lufthansa pilots to strike on Tuesday

0
After talks on an early retirement scheme broke down, Lufthansa pilots say they will go on strike on Tuesday. All long-haul flights departing from...
Daiichi Sankyo

Daiichi Sankyo agrees to acquire Ambit for $410 million

0
Daiichi Sankyo Co. has reached a takeover deal with Ambit Biosciences Corp. worth $410 million, a move that will expand Japan’s second largest drugmaker’s...

Apple accused of illegal tax deals with Ireland’s government

0
The European Commission is going to accuse Apple Inc. of exploiting illegal tax deals with Ireland’s government for over twenty years. The Cupertino-based iPhoner...
xs cargo logo

XS Cargo Co. will be closing 50 stores across Canada

0
The Mississauga based warehouse retailer, XS Cargo Co., is going to close 50 stores across eight provinces in Canada. The company, founded in 1996, carried...
AIG logo

Starr International claims U.S. government broke the law in its AIG bailout

0
Starr International, the investment firm of former AIG CEO Maurice Greenberg, has made allegations in a lawsuit that the U.S. government broke the law...
pimco

PIMCO already losing billions following Bill Gross’s abrupt departure

0
Following Bill Gross’s abrupt departure from the bond firm he founded, Pacific Investment Management Co., has suffered more than $10 billion of withdrawals. According...
Federal Reserve

Fisher says Fed must not fall behind the curve in increasing rates

0
Dallas Fed President, Richard Fisher, has said that the Federal Reserve must not fall behind the curve in its decision to start increasing interest...
UK Independence Party

UKIP would abolish inheritance tax

0
UKIP says it would abolish inheritance tax if it won the general elections next year. It would also increase VAT (value added tax, sales...

Canadian executive gets 15-year prison sentence in Cuba

0
Cy Tokmakjian, 74, a Canadian automobile executive has been sentenced in Cuba to 15 years in prison. He was found guilty of corruption, Cuban...
Linamar Corp

Linamar to acquire metal forging concerns

0
Canada's second biggest vehicle parts manufacturer Linamar Corp has agreed to acquire the high volume hot forging business of Carolina Forge Co., based in...