Business

In a Surprise Move, Roc Oil Accepts Bid from Fosun International

Public Australian oil company Roc Oil Company Ltd., in a surprise move, has decided to accept a takeover bid from Shanghai-headquartered Chinese investment group...

Walgreen Co. to Buy Remainder of Alliance Boots

Walgreen Co., the largest drugstore chain in the US, announced today that it will buy the remainder of Alliance Boots, Ltd. Walgreen already owns 45%...

Boeing will take a hit of $536M after taxes on US KC-46A tanker development

When Boeing took on the KC-46A they probably did not anticipate the problems that would be coming with it as they put it into...

Consumer sentiment rising as economy improves

Consumer sentiment is on the rise. June saw a four point increase in the overall consumer sentiment rating that the American economy is given...

McDonalds has swearing toys and revolting employees

McDonalds has issues. Whether we’re talking about the state of constant revolt that their employees seem to be in, or we’re talking about the...

US Housing with 26.6% & Building permits 30% Y-O-Y are at their 8 year...

It has been a long time since the housing outlook here in the U.S. was a truly positive one, but right now building permits...

NYSE loses relevance after outage last week

For the New York Stock Exchange, last weeks’ outage was something that took a lot of people by surprise. It wasn't something that...

Four monopolistic car dealers fined $260,000 in China

Four BMW auto dealers have been fined $260,000 or 1.6 million yuan for their anti-trust activities in monopolizing the prices of auto cars in...

Obamacare ruling significant for businesses, too

The Obamacare ruling, which rocked the business world this week along with the marriage equality ruling that came on Friday - served as one...

Walgreens Given Thumbs-Down By Wall Street in Alliance Boots Deal

Walgreens announced its plan yesterday to buy the remaining 55% of European pharmacy and beauty company Alliance Boots, Ltd., but the question hanging over...

Uber receives bizarre funding from Microsoft, now valued at over $50B

Uber has received another round of funding. This time it came from Microsoft and while it might seem like a strange marriage of investment,...

Higher-Wage Jobs Catching Up To Lower-Wage Jobs, Says Labor Department

You know the economy’s recovering when higher-wage jobs outpace lower-wage jobs. The latest stats from the Labor Department show that, while lower-wage jobs are still...

Flying Backwards: Airline working with reversed seating map

Imagine flying backwards. Particularly, imagine what it would be like taking off backwards for a flight across the country, or even on an international...

California drought crisis goes far beyond state borders

The California drought crisis is one that has seen a significant impact across the board in the United States. While many in the U.S....

Relative value of $100 reveals state wise personal income gap in the US

When it comes to personal income in the U.S. a new study revealed just how much of a gap exists, as experts analyzed the...

Whole Foods saga continues as CEO speaks out

The implications of the Whole Foods pricing saga is far reaching. It was noticed recently that weights, prices, and some other assorted information on...

US economy reflected a positive trend with 280K jobs in May after Q1 dip

The US economy is continuing to improve as job growth continues to swell. Throughout the last several weeks there has been increased concern voiced...

Homejoy fails but on-demand industry will SURVIVE with Google’s help

Homejoy has failed but that doesn’t say much about the on-demand industry as a whole. That is what many experts are saying about the...

Zimbabwe’s INSANE hyperinflation and conversion to the U.S. dollar

Imagine being a quadrillionaire. While that might seem like a fantasy from a book or movie, it's a truth that many in Zimbabwe were...

GM cutting more jobs in Orion plant as small car sales plummet

The automotive industry has spoken and General Motors has responded. GM announced plans to lay off 100 employees from their Orion plant, where production...

Coal Miners challenged by evolving industry

Coal miners are bracing for more challenges in the coming years. Even right now, things stand as uncertain as they ever have been, according...

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