Sectors
Stryker acquires Sage for $2.76 billion
Stryker just reached an agreement with Sage to acquire the company for $2.76 billion in an all cash agreement. The acquisition is expected to boost Stryker's revenue in the coming years and the company will also enjoy $500 million in tax benefit.
Cheap oil benefits consumers, hits governments
The lower oil price for about 19 months is benefiting the consumers, but creating a lot of problems for the global governments and business firms. Many banks and the US government forecast oil price above $40 a barrel this year. The oil price fell to below $30 during the past 19 months from $107 a barrel.
ChemChina and Syngenta Agreed on a $34 Billion Takeover, Transaction to be Completed After Regulatory Approval
Both ChemChina and Syngenta have agreed on the amount of $34 billion for ChemChina to acquire the Swiss company. The acquisition, if completed, would be the biggest foreign purchase ever made by a Chinese company. However, the trend shows that Chinese company are showing interest in investing overseas, especially in the Western countries.
Toyota Will Compensate $22 Million Over Allegations of Racial Discrimination That Obliged Minority Groups to Pay More
The case had been investigated since 2013, and the practices are believed to have been going on since 2011. U.S federal regulators claimed that African-American, as well as Asian/Pacific Islander borrowers, were charged more for auto loans. Toyota voluntarily agreed to pay the amount of compensation, but the company refuses to admit that the practice is a form of racial discrimination.