Category: Economy

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Softbank negotiating to acquire Dreamworks Animation

In one of his most ambitious plans yet, Softbank Corp Chief Executive Officer Masayoshi Son is now in discussions to acquire one of Hollywood's most s...
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Investor urges Yahoo-AOL merger

Starboard Value LP, one of the investors with a 'significant' stake in Yahoo Inc has urged the company to explore a possible merger with AOL Inc. This...
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S&P Ratings Services upgrades General Motors Co. to investment grade

Standard & Poor's Ratings Services upgraded General Motors Co. to investment grade, five years after the car maker emerged from a government-backed ba...
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U.S. first-time unemployment claims up 12K to 293K in Sept. 20 week

The number of Americans who filed for unemployment aid rose by less-than-expected last week, a sign that the strengthening economy is prompting compan...
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New anti-inversion tax laws to be implemented

The US government has now implemented amendments that directly affect corporate 'inversion' deals. The new guidelines aim to make tax avoidance transa...
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U.S. mortgage applications drop 4.1 percent in Sept. 19 week

The average number of applications filed for mortgages for the week ended Sept. 19 declined 4.1 percent from the previous week, according to the weekl...
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U.S. new mortgage loans down 11 percent in 2013

Mortgage lending in the U.S. declined last year amid rising interest rates and significant fall in loan refinances, according to a Federal Reserve rep...
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U.S. previously owned home sales down 1.8 percent in August

Home sales in the U.S. fell in August due to low demand from investors, raising questions about the underlying strength in the property market.
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Fraud ruling on Bitcoin Ponzi scheme made

According to a federal judge, a Bitcoin Ponzi scheme that is considered as securities fraud can be challenged by federal regulators. In the said rulin...
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iOS 8 accounts 16-percent of adopters in its first 24 hours of release

September 19th marked as a the big day for Apple wherein legions of fans lined up in front of the company's brick and mortar stores across the first t...