Business News

Keystone Decision Still Months Away

ABJ – In spite of a U.S. State Department report that dispels the American government’s main climate-change fears, President Barack Obama has said a final decision on the proposed Keystone XL pipeline extension won’t be made for another three months.  That will give authorities more ...
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Keystone Review

ABJ – According to a report by Reuters, the U.S. State Department is expected to release an environmental review of the proposed Keystone XL oil pipeline today and it’s expected the report will indicate the project will not appreciably increase carbon emissions. If that’s the ...
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Nadella to be Next Microsoft CEO

ABJ – Numerous sources are now reporting that Satya Nadella will become the new CEO at Microsoft, replacing Steve Ballmer who is retiring. Nadella has been with the company for 22 years and currently heads up the cloud-computing division. Bloomberg was the first to break ...
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Ford Tops Profit Estimates

ABJ – Ford Motor Co. has posted a higher-than-expected quarterly profit thanks to strong market sales in North America, which were able to offset losses in Europe and South America. The automaker remains optimistic that 2014 will be a productive year led ...
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Suntory Buying Beam for $13.5 Billion

ABJ – Suntory Holdings plans to buy Beam Inc. in a cash deal worth about $13.5 billion, which would make the Japanese company the world's third-largest maker of distilled drinks. Completion of the transaction would include Suntory assuming the current debt at ...
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U.S. Job Growth Stumbles

ABJ – American employers hired the fewest number of workers in almost three years in December. However, the good news is that the setback was likely temporary in that unusually cold weather may have had a bigger impact than had first been thought. ...
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Alcoa to Pay $384 Bribery Charges Penalty

ABJ – Alcoa Inc. has agreed to pay $384 million to settle charges by the U.S. Securities and Exchange Commission and the U.S. Department of Justice that its subsidiaries bribed foreign government officials. The SEC said Alcoa's subsidiaries had "repeatedly" bribed officials ...
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Yellen Looks for 3% GDP Growth

ABJ – Incoming U.S. Federal Reserve Chair Janet Yellen is hopeful that American economic growth will increase this year to 3 per cent and continuing low inflation will move up toward the central bank's target, according to an interview with Time magazine. ...
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Yahoo Takes Aim at Google

ABJ – There was a time when Yahoo was the number one search engine on the plant.  That was before an upstart named Google came on to the scene in the late 1990s.  Ever since, the latter has grown to become one of the largest ...
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Cold Weather Forces Numerous Closures

ABJ – A brutal blast of frigid Arctic air known as the Polar Vortex has gripped much of the mid-section and eastern United States, bringing the coldest temperatures in two decades. The uncharacteristically frigid weather has forced numerous businesses and schools to close.  Many business ...
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