Home » Archive for June, 2014

U.S. District Judge: Argentina Payment is Illegal

U.S. District Judge: Argentina Payment is Illegal

It looks as though on Monday Argentina will have a technical default after a judge in federal court said the attempts by the South American country to meet their payments of interest on its debt that has been restructured via Bank... 
Michaels Prices IPO at $17

Michaels Prices IPO at $17

The Michaels Companies, the retailer of arts and crafts, which has spent close to eight years privately owned, is ready to become a public company. Michaels debut shares were priced Thursday night at $17 apiece, which was the bottom... 
Google Readying Set-Top TV Box

Google Readying Set-Top TV Box

Google is racing with the likes of Apple and Amazon to control the digital content of the home. During its Wednesday developer conference, Google, the search behemoth, plans on showing off a minimum of one set-top box that is similar... 
Wisconsin Energy Acquiring Integrys

Wisconsin Energy Acquiring Integrys

Two huge utilities in the U.S. Midwest will unit as Wisconsin Energy on Monday agreed to acquire Integrys Energy Group for the price of $5.7 billion in cash and stock. The deal is one more of a series of consolidations of utility companies,... 
Prices for Packaged Coffee and More Going Up at Starbucks

Prices for Packaged Coffee and More Going Up at Starbucks

Starbucks Corp. announced it was increasing its prices for certain types of packaged coffee as well as for other products. This came after other coffee makers responding to the increase in costs of raw coffee earlier in the year did... 
M&T Bank to Forfeit Drug Proceeds

M&T Bank to Forfeit Drug Proceeds

M&T Bank was ordered to forfeit drug proceeds of more than $560,000 that had been laundered through one of its branch. A U.S. District Court Judge ordered the forfeiture following the case of a teller who collaborated with a drug... 
Coty Director Bradley M. Bloom Sells 8,493,363 Shares (COTY)

Coty Director Bradley M. Bloom Sells 8,493,363 Shares (COTY)

Coty (NYSE:COTY) Director Bradley M. Bloom sold 8,493,363 shares of the company’s stock on the open market in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $16.78, for a total... 
Medtronic to Acquire Covidien

Medtronic to Acquire Covidien

Medical device manufacturer Medtronic, Inc based in the U.S. on Sunday said it entered into an agreement to purchase Covidien Plc in cash and stock for $42.89 billion. Medtronic said it would relocate its executive offices to Ireland... 
Uber Announces Ridership Increases 850%

Uber Announces Ridership Increases 850%

Ridership on Uber increased by 850% on Wednesday thanks to the protests made by black cabs leaving Londoners snarled in heavy traffic. That is the report given by Uber’s general manager in the UK Jo Bertram told local papers. It... 
IPO Filing by GoDaddy Reveals Much

IPO Filing by GoDaddy Reveals Much

GoDaddy, the popular service provider for web hosting and place to register domain names, on Monday kicked off its initial public offering planning to raise as much as $100 million. As it happens often when companies decide to go public,... 
Americans Loving Debt Again

Americans Loving Debt Again

U.S. consumers have seemed to forget about the lesson they learned that debt is not a friend. In what is likely a good sign that the U.S. economy is growing with consumer spending increasing, data from April released by the Federal... 
Jobs Recouped in U.S. That Were Lost in the Recession

Jobs Recouped in U.S. That Were Lost in the Recession

Employers in the U.S. kept up their solid pace of new jobs during May. Employment returned to its level of pre-recession which offered confirmation that the economy has returned from its slight slump during winter. Payrolls that were... 
Medtronic Receives Average Recommendation of “Buy” from Analysts (NYSE:MDT)

Medtronic Receives Average Recommendation of “Buy” from Analysts (NYSE:MDT)

Shares of Medtronic (NYSE:MDT) have been given a consensus recommendation of “Buy” by the nineteen brokerages that are covering the stock, Stock Ratings Network reports. Eight analysts have rated the stock with a hold... 
ADP Report: Companies Add Less Jobs than Forecasted

ADP Report: Companies Add Less Jobs than Forecasted

In the United States, companies added fewer new jobs than was forecasted for May. This is just another sign of the uneven progress across the labor market. The ADP report is a private report that is based upon payrolls it processes. The... 
Roche Acquires Genia Technologies for $125 Million

Roche Acquires Genia Technologies for $125 Million

On Monday, Roche Holding AG said it was acquiring Genia Technologies Inc based in California. Genia develops technology for DNA-sequencing and its acquisition by Roche is part of the pharmaceutical strong push into diagnostics. Roche,...