Category: Economy

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Break up Du Pont: Trian Fund

In a letter sent to DuPont's Board of Directors, Trian Fund Management LP urged that DuPont be split up in order to be more competitive. The hedge fun...
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U.S. consumer price index up 0.2 percent in August

A closely watched indicator for consumer prices in the U.S. dropped in August, which supports the view that the Federal Reserve will try to move slowl...
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NASA awards Boeing, SpaceX contracts to fly astronauts

Boeing and SpaceX will fly astronauts to the International Space Station starting 2017, space agency NASA announced on Tuesday.
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U.S. household incomes up 0.3 percent in 2013

Incomes of U.S. households increased in 2013, which marked the first rise since the recession.
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iPhone 6, iPhone 6 Plus pre-orders tally over 4 million in 24 hours

The iPhone 6 and the iPhone 6 Plus have been in pre-order status last September 12th and Apple has announced that the handsets have exceeded 4 million...
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Motorola Moto X heats up pre-ordering status starting September 16

Before the entire world's attention went to Apple's Keynote releases, Motorola has unveiled the newer edition of their previous devices, the Moto X an...
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S&P upgrades Greece debt rating to B with stable outlook

Standard & Poor's Ratings Services said on Friday that it raised Greece's debt rating, citing improvement in the country's efforts in fiscal reform an...
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U.S. retail sales jump 0.6 percent in August on better auto sales

Improved job growth and lower fuel prices prompted consumers to increase spending this summer, lifting sales at U.S. retailers in August.
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Blackstone to sell its Burger King interest

Blackstone Group LP, which owns Heartland Food Corp, had announced it would be selling off 260 Burger King locations and franchises to Houston Foods I...
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Twitter to tap debt market for financing

As share prices of Twitter continue to stumble, the latest decision had put the 140 character social media platform back on the right track. Twitter r...