Alibaba publishes updated earnings and sales data
Under pressure from investors before what is likely to be the largest ever IPO, Chinese giant Alibaba publishes updated earnings and sales data, as...
BP Chinese multibillion dollar deal agreed
A BP Chinese multibillion dollar deal to supply liquefied natural gas (LNG) to China National Offshore Oil Corporation (CNOOC) has been agreed. BP is...
Shell sells Woodside shares
Royal Dutch Shell sells Woodside shares, about 19% of the Australia’s largest oil and gas company, for an expected $5 billion on an after-tax...
BNP Paribas ten billion dollar fine, French government claims “progress”
The French government, which is hoping to reduce a potential BNP Paribas ten billion dollar fine, claims it is making progress after talking to...
Intel revenue forecast up
With the PC market shrinking who would have expected an optimistic Intel revenue forecast? The semiconductor chipmaker has announced accelerating demand and a pickup...
Target shareholder dissent increases
Target shareholder dissent is growing. In its final shareholder's meeting to approve 10 nominees for the board, the tally showed an increase in dissent...
Medtronic Covidien acquisition deal confirmed
A Medtronic Covidien acquisition deal has been confirmed by the two companies. Medtronic, a Minnesota-based medical devices multinational is to take over Covidien, also...
FCC investigates Netflix versus Verizon feud
The Federal Communications Commission (FCC) is to investigate the Netflix versus Verizon feud. Over the last few weeks Netflix has blamed Verizon for slow...
US May restaurant sales down from record March
US May restaurant sales reached $46.5 billion, about $200 million down from March, which posted a record volume. However, in spite of the recent...
Producer prices dropped 0.2 percent in May
The US Bureau of Labor Statistics informed on Friday that producer prices dropped 0.2 percent in May, after rising 0.6% in April and 0.5%...