Not long after Bumble Bee tuna announced a total recall on its product, Chicken of the Sea tuna followed the same revelation.This is due to the discovered deviation on the sterilization process on the same facility that packaged the Bumble Bee tuna. The malfunction in the processing equipment might have uncooked or undercooked the tuna that could lead to spoilage causing contamination and life-threatening diseases when consumed.
Sectors
US existing home sales decline by 7.1% in February
Sales of existing homes declined in February, reflecting poor demand in housing sector amid higher prices and weak inventory.
Valeant Pharmaceuticals Announced to Sack Two Executives
In the continuing saga on Valeant, CFO Howard Schiller has been asked to resign. The company will also find the replacement of CEO Michael Pearson, and putting Bill Ackman in its board.
Intel and AMD Shares Were Hurt By PC Low Sales
As sales in PC industry weakening, chipmaker were traded low on Monday. Intel and AMD were hurt by the low sales.
Marriott Reached Merger Deal of $13.6 Billion With Starwood, Forming The World’s Largest Hotel Company
Marriott and Starwood are agreeing on a new deal that would total in $13.6 billion for a merger of the two groups. The merger would form the world’s largest hotel operator with 30 brands and more than 5,500 hotels worldwide.
Latest News
Duke Energy will buy biogas produced from swine and poultry wastes. The biogas will then be converted to electricity that could power up about 10,000 homes yearly. Duke Energy works with Carbon Cycle Energy to make the project successful.
Saudi Arabia's state-owned oil major Aramco will takeover Port Arthur Texas refinery in the US. Saudi Arabia will refine its oil shipped from Middle East at Port Arthur refinery and also sell it in the huge North American market.
IHS and Markit, two of the information titans announced of their merger with a $13 billion deal. Once the deal is closed, it will be renamed IHS Markit with a "definitive agreement" for "an all share of equals".
Airlines are now retiring from hedges after being hurt by low fuel prices. The 58% drop in crude prices since the middle of 2014 has pushed hedge market into a draconic loss, leading airlines to shy away from hedges
Profit booking pulled yellow metal on Monday below psychological mark-$1,250 an ounce. Gold price fell for four weeks in the past five weeks.
The second largest U.S. newspaper chain will soon add two newspapers in California. Digital First Media gain the advantage after Tribune Publishing faced regulatory hurdle to acquire Orange Country .
Ride-hailing app Grab is partnering with Indonesian conglomerate Lippo Group. Under the deal, Grab will provide its service to deliver products from the conglomerate’s e-commerce. The deal emerged when ride-hailing services in Indonesia are facing challenges in terms of regulations.
Amazon is pushing the U.S. officials to authorize their moves in efforts to be a new player in the logistics and delivery industry. In recent months, the company has been making moves to achieve the ambition, including building its drones fleet and leasing Boeing planes.
Francesca McDonagh, head of HSBC's retail business in the UK, is astonished over the lack of female representatives in the banking sector. She is worried about the slow progress of female reps in senior posts.
