Home » Archive for June, 2015

Greece Says It Will Not Make Loan Payment to IMF

Greece Says It Will Not Make Loan Payment to IMF

Yanis Varoufakis the Finance Minister of Greece announced on Tuesday that Greece would not be making its debt payment owed the International Monetary Fund by a deadline of midnight on Tuesday. This sets the stage for a very tense showdown... 
Aetna Closing in on Acquisition of Humana

Aetna Closing in on Acquisition of Humana

Aetna Inc the health insurer based in the U.S. is near to acquiring its rival Humana Inc. A deal might be signed as soon as this weekend, reported a national news agency, citing people close to the situation. Humana also received another... 
Consumer Sentiment Up to High of Five Months

Consumer Sentiment Up to High of Five Months

Consumers adopted a brighter attitude toward the U.S. economy during June, according to a survey released on Friday that followed an upward trend during this week of economic reports. The consumer sentiment index was up 6% during June... 
Ahold Acquisition of Delhaize Creates Huge Grocery Chain in U.S.

Ahold Acquisition of Delhaize Creates Huge Grocery Chain in U.S.

Ahold the supermarket operator based in the Netherlands and Delhaize Group based in Belgium announced on Wednesday they had reached an agreement to an all-share merger, which would create one of the largest chains of supermarkets in... 
Noodles & Co Executive Dropping Soup for Hot Dogs

Noodles & Co Executive Dropping Soup for Hot Dogs

Noodles & Co the fast casual restaurant operator is losing a top executive to one of its competitors. The executive is reportedly to run Portillo’s Restaurant Group a seller of hot dogs that is backed by private equity money. Noodles... 
10,000 Dogs to be Slaughtered and Eaten for Chinese Festival

10,000 Dogs to be Slaughtered and Eaten for Chinese Festival

The Yulin Dog Festival, an annual festival held in the Chinese province of Guangxi, has been the target of moral outrage for years. On June 21st, over 10,000 dogs will be killed, cooked and eaten for the festival, which is held on... 
Mylan Following Tax Inversion Does Not Want to be Foreigner

Mylan Following Tax Inversion Does Not Want to be Foreigner

Mylan NV moved its corporate domicile overseas earlier this year in order to lower the amount of U.S. taxes it pays, but it is now asking the government in the U.S. for help in fighting off a hostile takeover. Thus far, there has been... 
Rite Aid Cuts Profit Outlook

Rite Aid Cuts Profit Outlook

On Thursday, Rite Aid Corp lowered its profit outlook for the full year after reporting earnings for its first quarter that were worse than had been expected, hurt by taxes related to an acquisition that is pending and interest costs. The... 
Prime Minister of Greece Rips into Country’s Lenders

Prime Minister of Greece Rips into Country’s Lenders

Alexis Tsipras the Prime Minister of Greece has lashed out at his country’s creditors Tuesday accusing them of attempting to humiliate the Greeks as he has defied a number of warnings that Europe is preparing for Greece to leave... 
Profits at Airlines Soar as Prices of Fuel Drop

Profits at Airlines Soar as Prices of Fuel Drop

At a top airline, executives’ meeting this past week in Miami the word every executive had on his or her lips was discipline, which translates to few seats, high ticket prices, and larger profits. Despite plunging fuel costs, the... 
Twitter CEO Stepping Down July 1

Twitter CEO Stepping Down July 1

Twitter Inc has announced that CEO Dick Costolo will step down from his position July 1. Investors received the announcement with optimism as shares were up in both premarket trading and midday trading for the 140-character micro-blogging... 
Supplier of Eggs for Costco Accused of Animal Abuse

Supplier of Eggs for Costco Accused of Animal Abuse

The Human Society is alleging inhumane practices at the Hillandale Farms located in Gettysburg, Pennsylvania. The group said that an activist who was undercover was hired as an employee at the farm and recorded video in April and May... 
McDonald’s Comparable Sales in May Drop Less Than Expected

McDonald’s Comparable Sales in May Drop Less Than Expected

McDonald’s Corp posted a drop in its worldwide sales at comparable stores that were less than had been expected during May, as European sales were able to offset a drop in the U.S. Shares at the biggest burger chain in the world... 
Greg Penner Takes Over as Walmart Chairman of the Board

Greg Penner Takes Over as Walmart Chairman of the Board

At Walmart, an era ended this week, when founder Sam Walton’s son Rob Walton stepped down from his position as board chairman of the retailer turning that position over to son in law Greg Penner. The change was announced during the... 
Jobless Claims in U.S. Dropped Last Week

Jobless Claims in U.S. Dropped Last Week

Fewer people last week filed for unemployment benefits, which signaled the job market in the U.S. remains strong, ever after a plunge in growth at the beginning of the year. Claims for jobless benefits dropped by 8.000 down to 276,000... 
Euro Strengthens on Greek Deal Optimism

Euro Strengthens on Greek Deal Optimism

The euro has strengthened on Tuesday versus the U.S. dollar, which was headed on Tuesday to post its largest loss of one day against one currency since the middle of March, on the expectation that Greece was close to reaching a deal...