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Coherent To Acquire Rofin-Sinar Eyeing Global Dominance Over Laser and Photonics Technology

Coherent has announced acquiring Rofin-Sinar through a deal for $942 million. The deal is expected to close by the coming six to nine months. Through the acquisition, Coherent eyes to represent itself as a global leader in the area of laser and photonics technology.

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Visual profile on the company Livingsocial.

LivingSocial Cuts Jobs By 50% While Focusing On Card Linking Discount Business

LivingSocial, partly owned by Amazon, has represented itself as a foe in ecommerce business. Gautam Thakar, the new CEO has gone through a massive workforce reduction since his inception 18 months back. Beside job cuts, Thakar has transformed its business focus from daily deals to card linked discount business which is now being tested in three US cities and seems to be popular.

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Massive Solar Electricity Plant Provides Power To California Homes

Ivanpah Solar Plant possible shutdown; The $2.2 bln power plant in Mojave performs lower than expected

Federally backed $2.2 billion solar plant in California may be forced to close. The solar plant failed to supply electricity to Pacific Gas and Electric Co as promised.

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Energy Independence and Global Warming Committee Hearing On Coal

World’s Largest Coal Miner Peabody’s Warning For Bankruptcy Doesn’t Indicate End of Coal Era

Series of bankruptcy decisions indicates the decaying market stake of coal industry and Peabody appears as the latest to file chapter 11 with the New York Stock Exchange. Many coal mining companies are still operating with profits. So warning of bankruptcy by the world’s largest private coal miner doesn’t indicate possible extinction of the coal industry.

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JAPAN-TRADE-ECONOMY

Yen rise deflates value of Japan's exports to US

The strengthening of Yen is eroding the value of Japan's exports to the US. Its overall exports volume was flat, while the value declined over four percent owing to rising Yen.

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U.S. Senate Commerce, Science & Transportation Committee Hearing On Self-Driving Cars

Uniform Law For Driverless Cars: Manufacturers Urge Promulgation, Lawmakers Opts For More Scrutiny

Executives of all pioneer manufacturers have called for promulgation of uniform federal law ahead of a hearing of the Senate Commerce Committee on Tuesday. Several states in the US have enacted own law prohibiting the driverless cars which has been cited as the reason for their advocacy. However, lawmakers and analysts prefer more scrutiny before initiating a uniform law.

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Citigroup Earnings Miss Estimates on Bond Trading, Mortgages

Shareholders of Citigroup and JPMorgan Will Vote on Potential Breakup

Shareholders of two U.S. prominent banks will vote later this year regarding the breakup plans for the banks. However shareholders are predicted to decline the plan submitted by liberal lobby activist.

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The UJA-Federation of New York Wall Street Dinner

Paul Taubman earns $75.5 mln as annual award disclosed first time

Former Morgan Stanley banker Paul J. Taubman has received $75.5 million compensation in his first year as Chief Executive Officer at PJT Partners Inc. Taubman led the investment bank as a publicly traded company.

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Facebook CEO Mark Zuckerberg At IIT Delhi

Facebook sees growth in Asia despite India's ban on Free Basics

Facebook Inc is bullish on Asian market potential. Recently, Facebook's Free Basics service has been banned by Telecom Regulatory Authority of India (Trai). Despite this jolt, Facebook is still optimistic about adding number of users as the region is recording much faster growth rate than other parts of the world.

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Trading On The Floor Of The NYSE As U.S. Stocks Join Global Rally While Investors Embrace ECB Measures

U.S. Stocks Wavered on Tuesday as Investors Wait for Fed Statement

U.S. stocks swung on Tuesday ahead of Fed statement. While Morgan Stanley and JPMorgan warned that similar to Europe and Japan, stimulus program may not be effective to stimulate growth.

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Senate Banking Committee Hearing with Janet Yellen

US Fed may leave interest rate unchanged for now

A two-day policy meeting of US Federal Reserve will conclude on Wednesday. US Fed Chair Janet Yellen is expected to keep short-term interest rate unchanged for now and may go for a hike in June.

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BELGIUM-EU-IT-DIGITAL SINGLE MARKET

EU grills Google, Apple, other US firms over tax issues

European legislators have started grilling multinational companies such as Google, Apple, Alphabet and McDonald's. European nations are feeling the heat of mounting political pressure to check tax evasion by foreign multinational companies.

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EBay Inc. Illustrations As The Company Announces Earnings Figures

EBay Select Shyp as Partner to Handle Pickup and Delivery

The on-demand shippping company startup Shyp was selected as eBay partner. Shyp will handle packing and shipping for eBay sellers.

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President Obama Hosts Canadian PM Trudeau On His Official Visit To Washington

Canada's Prime Minister Trudeau to forego stimulu; Budget deficit may be C$30bln

Justin Trudeau, the new Prime Minister of Canada, has ruled out any possibility of new stimulus funds as new budget deficit is expected to be C$30 billion ($22.5 billion). Canada’s Finance Minister Bill Morneau will present the budget on 22nd of March 2016.

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3D Printing Exhibition

3D Systems Stock Records Highest One Day Gain In Five Years Indicating Surge In 3D Printing Industry

3D Systems has disclosed its earning scenario which has off beat analysts’ predictions through several parameters. Following disclosure of the earnings report, prices of the printer manufacturer’s share have been witnessed to gain 26.3%, which is the highest single day gain during the last five years.

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