Home » Archive for August, 2014
Tyson Wins Antitrust Approval from Justice Department
Tyson Foods Inc the largest meat processor in the United States won antitrust approval in the U.S. on Wednesday for its purchase of $8.5 billion for Hillshire Brands. To gain that approval for the pending merger, both companies had... More of this article »
Amazon Acquires Twitch
Watching video games being played is not only very popular but also apparently extremely valuable. Amazon agreed Monday to hand over $970 million to purchase Twitch, a service that allows users to watch as well as broadcast video games... More of this article »
Export-Import Bank’s Future on the Line
In Congress, Republicans want to kill off the Export-Import Bank, while supporters say the agency helps business in the U.S. compete in the global economy. The Export-Import or Ex-Im Bank is a federal agency, which for the last 80... More of this article »
Retail Sales Up in Canada, Inflation Cools Off
Consumers in Canada again boosted the economy during June, with a rise in retail sales for the sixth consecutive month, by a stronger than had been expected of over 1.1%, according to date released by Statistics Canada on Friday. The... More of this article »
Lowe’s Sees Earnings Rise But Outlook is Lowered
Lowe’s has reported an increase in revenue and profit for its second quarter on Wednesday, but the retailer that specializes in home improvement lowered its guidance for earnings for 2014. The retailer said it had earned $1.03 billion... More of this article »
Dollar General Bids $9.7 Billion to Acquire Family Dollar
The war for dominance of the dollar store retail space heated up again on Monday when Dollar General entered the fray with a bid to acquire Family Dollar. Dollar General has bid a per share price of $78.50 or approximately $9.7 billion... More of this article »
Kellogg to Require Disclosure by Suppliers of Carbon Emissions
On Wednesday, Kellogg said it would increase its efforts to lower planet-warming emissions through its supply chain in part of its wider initiative that is designed to be much more environmentally friendly. In the plan, the manufacturer... More of this article »
BuzzFeed Funds Expansion By Raising $50 Million
BuzzFeed is the recipient of another $50 million, which will help it become a preeminent media company. The infusion of cash from Andreessen Horowitz the huge company for venture capital is the fifth funding round for BuzzFeed and... More of this article »
Facebook Targeted by Malicious App About Color Change
Facebook, the largest social networking service in the world, is constantly on the radars of hackers. A new app named Facebook Color Change, has tricked users into entering a website that is malicious, through an offer to change the... More of this article »
Telefonica Enters Bid for GVT of $8.99 Billion
Telefonica SA the telecom giant from Spain is offering 6.7 billion euros or $8.99 billion in cash and stock for GVT, the Brazilian unit of Vivendi SA, in a deal that would shore up the company’s leadership in the largest market in... More of this article »
LinkedIn Easily Surges Past All Wall Street Estimates
LinkedIn shares spiked more than 11% on Friday as it joined Twitter and Facebook in posting quarterly growth that was strong. LinkedIn was able to ride its gains on strong member growth and in revenues for the second three months of... More of this article »