Business News
ABJ – Former Microsoft CEO Steve Ballmer has come out the winner in bidding for the Los Angeles Clippers, agreeing to pay a record $2 billion. Shelly Sterling, wife of former owner Donald Sterling pushed the sale through without gaining the approval of her embattled ...
ABJ – It seems one of the most common words used in certain parts of the auto industry these days is “recall”. General Motors knows that word all too well, and is using it yet again, on word that another 2.7 million vehicles need servicing ...
ABJ – Valeant Pharmaceuticals has quickly stated plans to improve its initial $47 billion hostile takeover bid for Allergan. The official statement comes just one day after the U.S. company rejected the offer. Valeant maintains a commitment to sealing the deal, ...
ABJ – Things have gone from bad to worse for General Motors over the past few years, and the trend seems to be continuing with a new survey of top suppliers to the auto industry saying GM is the worst American automaker to deal with ...
ABJ – Target CEO and Chairman Gregg Steinhafel is stepping down as the head of the large U.S. retailer in the wake of a massive data breach via cyber-attack late last year that resulted in lost profits. "After extensive discussions, the ...
ABJ – Irons are in the fire that could potentially produce one of the largest mergers in American history with drugmaker Pfizer looking to acquire Britain's AstraZeneca in a deal worth almost $100 billion. Pfizer originally made a $98.9 billion bid approach ...
ABJ – A proposed massive merger between Canadian-based Barrick Gold and Newmont Mining of the U.S. has fallen apart on word the latter is no longer interested in a friendly buyout. With that, speculation is already running rampant that Barrick may respond by launching a ...
ABJ – Apple Inc. has approved $30 billion in share buybacks, valid until the end of next year, authorized through a rare seven-for-one stock split. The hope is that the change will promote broader popularity and appeal to buy shares for individual investors who otherwise ...
ABJ – Toyota outsold all other carmakers worldwide in the first quarter of the year, topping key rivals such as Volkswagen and General Motors. When the final tally was in, Toyota had sold about 2.58 million vehicles. The strong quarter resulted in ...
ABJ – After 13 years, Microsoft has announced it will no longer offer technical support for its XP operating system, which hit the market back in 2001. So, if you are among the many Americans still using Windows XP on your computer, you have one ...
