US allows the sale of IBM’s server to Lenovo

In spite of festering economic tensions between the two largest world economies, the US has allowed IBM to sell off its x86 servers to...

Coca-Cola buys 16.7% stake in Monster beverage company

Carbonated drink manufacturer Coca-Cola has purchased a 16.7% stake in the Monster beverage company. Coca-Cola will pay $2.15 billion and transfer its energy drink...

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...

Former Microsoft Employee Gets Two Years in Prison for Insider Trading

Brian Jorgenson, a former Microsoft employee, received two years in prison this week for his role in two insider trading events. In 2012, Jorgenson heard...

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...

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%...

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...

Walmart Takes on Amazon in Latest Website Remodel

The Amazon Fire Phone has become the top-selling smartphone on the Amazon.com best-selling smartphone list, and there may be a reason for that: if...

Bally Technologies To Join Scientific Games in $3.3 Billion Deal

Slot machine, reel slot machines, and casino management systems manufacturer Bally Technologies has now been acquired by electronic gambling machine maker Scientific Games in...

Procter & Gamble Dropping Brands, Consolidating Financial Focus

Procter & Gamble’s got its hands in just about every brand category on earth, but the company’s pulling 100 brands off the shelves in...

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...

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