A billion dollar merger has been settled between US Airways Group and American Airlines In the hopes of winning regulator approval of the USD11 billion merger, US Airways Group and American Airlines considered to give up landing and take-off slots at the Washington Ronald Reagan National Airport.
United States
Facebook’s shares drop after frequency of ads lowered
Facebook refused to boost frequency of mobile ads, which led to a 3% drop in sales. On Wednesday, Facebook Inc. displayed strong growth in the mobile advertising business.
Twitter’s IPO roadshow - less media frenzy compared to Facebook
Twitter invited potential investors on Wednesday for a luncheon in preparation for the microblogging site's initial public offering.
Buffet's Berkshire has more the enough cash for acquisitions- report
A Bloomberg report said Berkshire Hathaway Inc might be making more strategic acquisitions in the near future.
CORRECTED: Lazard Capital Markets CEO resigns
William Buchanan, the Chief Executive Officer of Lazard Capital Markets, stepped down from his post after a strategic review was done by the firm.
Latest News
ConocoPhillips's request of exploratory drilling is approved by Canada's NEB On Wednesday, Canada's National Energy Board approved ConocoPhillips's request.
Barrick Gold reviewed options for raising cash and reducing debts In an attempt to reduce debt load, Barrick Gold considered a wide range of options including strategic equity investment.
Energy Future Holdings planned to make coupon payments worth USD 270 million to creditors as a possible bankruptcy loomed.
Black customers protested at Barneys New York Inc after being detained by staff. On Wednesday, a group of protestors had gathered at Barneys New York Inc.
Tara Poseley of Kmart hired as new chief product officer of Lululemon. An executive from Kmart, the leading US discount chain, has been hired to lead the global merchandise and design team at Lululemon Athletica Inc.
Essent Group raised USD 335 million for its initial public offering in the US. Mortgage insurance firm Essent Group Ltd was able to gather USD 335 million in its initial public offering.
McDonald's and Kraft to sell packaged McCafe-branded coffees in 2014. McDonald's Corp and Kraft Foods Group Inc agreed to sell packages of McCafe-branded coffees at retail locations and grocery stores across the US in 2014.
Facebook reviewed number of ads in relation to revenue growth and number of users. Due to the number of advertisements on Facebook, younger teens had not been using the site.
The Federal Reserve announcement that it would continue with its monthly bond purchases caused US stocks to drop.
