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SpiceJet Short of Aircraft for Flights

SpiceJet Ltd the low-cost carrier will have to cancel over 20% of its daily flights if it does not reach an agreement with lessors for more aircraft by the end of March, a spokesperson for the company said on Saturday. SpiceJet, which was close to collapsing during December after it ran out of cash used […]

Jobless Claims Fall to Lowest in Past Five Weeks

Less Americans than were forecasted filed for unemployment benefits the past week as improved conditions with the weather ushered in more stabilization in the labor market. Jobless claims dropped 9,000 to only 282,000 for the seven-day period that ended on March 21, the lowest point since the middle of February, a report released by the […]

McCormick Profit Drops, Results Beat Street

One Wednesday, McCormick & Co, the seasonings and spices maker reported profit during its first quarter that was down compared to last year, despite a growth in sales, hurt due to charges as well as shrinking margins amidst higher costs. However, both per share adjusted earnings and quarterly sales were higher than analysts’ projections. The […]

Folic Acid Could Reduce Risk of Stroke

In what might be the largest study of this kind, researchers reviewed over 20,000 patients who were being monitored already for high blood pressure and were taking enalapril a hypertension medication. Some of the patients had histories of heart disease and stroke. This study however looked at how folic acid affects the risk of stroke […]

Shares of Darden Up After Posting Higher Earnings

Darden Restaurants’ shares rose on Friday after the Olive Garden restaurant chain owner reported financial results for the third quarter far exceeding forecasts on Wall Street. Darden raised its outlook for earnings as well for its fiscal year, sending shares of the company 1.7% higher shortly after markets opened Friday. The results were positive for […]

American Airlines to Join S&P 500

American Airlines Group will become a part of the S&P 500 starting Friday, when it replaces Allergan after it officially is acquired by Actavis in a deal that should be completed on Tuesday. American’s stock on Tuesday opened at $52.63, which was 5% higher than its close on Monday. Joining the S&P has been seen […]

Record Deal in Sale of GE Finance

In one of Australia’s largest ever transactions, a consortium of KKR & Co a private equity company, Varde Partners an alternative investment manager and Deutsche Bank agreed to acquire the Australia and New Zealand consumer-lending arm of GE Capital. The actual value paid in the transaction was not disclosed. The trio announced that they had […]

Swedish Authorities Could Question Assange At Ecuadorian Embassy

Prosecutors in Sweden have made a huge concession in the investigation of WikiLeaks founder Julian Assange. The Swedish authorities have offered to question Assange at his sanctuary in London, the Ecuadorian embassy, about alleged sex crimes, instead of insisting he be extradited back to Stockholm. Prosecutors now say they are willing to visit Assange in […]

Barnes & Noble Tax Bill Take Bite Out of Profit

Quarterly profit at Barnes & Noble missed estimates by analysts as the chain of bookstores invested in its business specializing in college books prior to its spinoff and paid more in taxes. Barnes & Noble, which last month announced it would separate its college books business before August, saw its stock fall by 7.5% during […]

HBO Streaming Service Launching in April

A new report says that HBO will be launching its own standalone streaming service that will be named HBO Now. According to this new report, the service is to be launched sometime in April in time for the Game of Thrones season five premiere April 5. The streaming service that is subscription based will give […]