Finance news

San Francisco Ordered Not to Take All the Water

San Francisco Ordered Not to Take All the Water

California regulators told the city of San Francisco it had to stop taking some river water that it annually stores in a reservoir up in the Sierra Nevada. The city is far from worrying about its tap running dry from the ongoing drought. Officials announced that the order to cutback […]

Cancer Immunotherapy – Less Invasive But Long Lasting

Cancer Immunotherapy – Less Invasive But Long Lasting

The idea that a human body should be able to remove a tumor in pretty much the same way it removes other invading microbes has been around for over a century. However, it is only recently that research has begun to elucidate ways in which a patient’s immune system can […]

Tailored Brands to Shutter Stores Due to Poor Sales

Tailored Brands to Shutter Stores Due to Poor Sales

Tailored Brands, the parent company for Men’s Warehouse, Jos. A Bank and Joseph Abboud, the suit brand, will close hundreds of its locations and work to recreate a new model of itself as Jos. A. Bank sales plunged by over 31.5% in 2015. However, an unseen benefit is being seen […]

Strong Private Payroll Data in the U.S. Shows Economy’s Resilience

Strong Private Payroll Data in the U.S. Shows Economy’s Resilience

Private companies in the U.S. added workers at a strong rate during December, which pointed to the underlying strength of the economy despite the signs that there has been a slowdown in growth during the fourth quarter. On Wednesday, other data showed a bit of moderation in the sector of […]

Intel Completed Biggest Acquisition To Date (NASDAQ:INTC)

Intel Completed Biggest Acquisition To Date (NASDAQ:INTC)

Intel Corp. has announced that it has completed its acquisition of Altera Corp. The Santa Clara, Calif.-based chip giant announced the Altera deal at the end of May. The $16.7 billion purchase of Altera makes Intel the second-largest maker of chips that can be programmed after leaving the factory. Under […]

BASF Working On Weighing Counter Offer for DuPont

BASF Working On Weighing Counter Offer for DuPont

BASF SE is currently working with different advisers and banks determining the merits of a counter bid for DuPont Co, the chemical company worth $55 billion that had agreed to a merger with Dow Chemical back in December, said people familiar with the matter. The chemical producer based in Germany […]

Amazon Sees Sales Surge, but Profit Comes Up Short

Amazon Sees Sales Surge, but Profit Comes Up Short

Amazon expected to be the runaway winner of the holiday shopping season, instead it strolled but did not run. Revenue for the e-commerce giants during the fourth quarter was less than was expected, reported the company based in Seattle, Washington on Thursday. It turned out that its profit was even […]

Dollar Tree Profit Misses Expectations Even with Boost in Sales

Dollar Tree Profit Misses Expectations Even with Boost in Sales

Dollar Tree said its profit for the latest quarter was down as the discount retailer is working to integrate a recently acquired competitor, though that acquisition added a more than two-fold increase in revenue. The company based in Chesapeake Virginia completed its acquisition of $9 billion of Family Dollar last […]