Category: Economy

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AbbVie Inc., Shire end biggest deal of 2014 due to new U.S. tax rules

AbbVie Inc. and Shire agreed to put an end to their $54bn deal, which would have been the largest U.S. tax inversion, following AbbVie's decision to p...
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Ex-All Star Chris Webber interested in buying Atlanta Hawks

Former NBA All-Star Chris Webber has expressed interest in buying the Atlanta Hawks.
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U.S. consumer sentiment index jumps to 86.4 in October

Sentiment by U.S. consumers surprisingly rose in October, according to a closely watched survey released Friday.
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U.S. housing starts up 6.3 percent in September to 1.017M units

Home building in the U.S. expanded in September due to rise in apartment construction, according to figures from the Commerce Department released Frid...
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U.S. first-time unemployment claims fall to 14-year low to 264K

The number of Americans claiming for unemployment aid dropped to the lowest level in 14 years last week, the latest sign that the job market continues...
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Ebola fear hits Wall Street as airlines stocks tumble

The Ebola outbreak in Dallas is stoking fear among investors as shares of three major airlines fell on Wednesday in the face of a possible decline in ...
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World Bank president is key figure in world’s response to Ebola crisis

The recent meeting of the world's highest health officials in the World Bank's headquarters focused on how efforts to contain the spread of Ebola are ...
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Fiat Chrysler shares end lower in Wall Street debut

Shares of Fiat Chrysler Automobiles fell during its launch in the New York Stock Exchange on Monday, a move aimed to attract more investment.
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GE aircraft leasing unit acquires Milestone Aviation Group for $1.775B

General Electric's aircraft leasing unit GE Capital Aviation Services has agreed to pay $1.775bn to acquire Irish helicopter lessor Milestone Aviation...
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Apple tops Interbrands list of 100 Essential Brands of 2014

Interbrand, a brand consultancy firm, publishes its report on the new list of the most valuable brands in the world and Apple grabs the top spot. The ...