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Category: Economy

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Renewable Energy Group set to acquire Imperium Renewables

Renewable Energy Group, Inc. announced Friday that will acquire all of Imperium Renewables, Inc.'s assets for $15mn in cash and 1.5 million shares of ...
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Yahoo agrees to acquire social shopping site Polyvore

Yahoo!, Inc. announced on Friday that it will purchase social shopping website Polyvore, Inc.
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Senate passes 6-year highway bill

The U.S. Senate on Thursday voted 65-34 to pass a bill funding federal highway and infrastructure projects for six years.
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Parents complain and angered about Jessica Alba’s sunscreen, claims children got burnt

Many parents are complaining about the mineral-based SPF 30 formula, a sunscreen from the company of Jessica Alba, as they pointed out that the produc...
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‘Miracle on Ice’ goaltender to sell memorabilia for $5.7 million

Jim Craig, the goaltender of the "Miracle on Ice" team that won gold in the 1980 Olympics, is eyeing to earn $5.7 million from all his memorabilia dur...
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GlaxoSmithKline PLC’s profit sharply falls in second quarter

GlaxoSmithKline PLC reported on Wednesday a significant decline in net profit for the second quarter, a reflection of rising importance in the company...
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U.S. health spending up 5.5 percent in 2014; will continue to grow in next decade

Health spending in the U.S., which fell to all-time lows in recent years, has rebounded and is expected to grow faster over the next decade, according...
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Mead Johnson to pay $12M to settle violations to Foreign Corrupt Practices Act

Mead Johnson Nutrition Co. said it will pay $12mn as it agreed to settle charges that its Chinese subsidiary employees paid people at government-run h...
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Southwest Airlines’ flight attendants turn down tentative deal

Southwest Airlines announced on Friday that its Flight Attendants have rejected a tentative agreement that would have concluded the two-year long nego...
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NHTSA slaps Chrysler with $105 million fine

The National Highway Traffic Safety Administration said Sunday it is fining Fiat Chrysler Automobiles $105 million for its poor recall campaigns cover...