North America

FCC Faces Funding Shortfall in Effort to Remove Chinese Tech Giants Huawei, ZTE From Networks

A US scheme to pay carriers and ISPs to remove Huawei and ZTE equipment from their networks is stalled owing to a $3 billion financing gap.


Russia Reportedly Develops ‘Indiscriminate’ Anti-Satellite Nuclear Weapon, Pentagon Official Warns

US intelligence allegations about Russia's development of a space-based nuclear weapon were a major topic of debate during a Senate hearing on May 1...

Joe Biden Administration Sanctions Hundreds of Companies to Choke Russia's Supplies of Military Technology

The administration of President Joe Biden has announced nearly 300 new sanctions targeting international suppliers of military equipment technology accused of helping Russia in its war against Ukraine..

Walmart Shutters 51 Health Care Services, Ends Virtual Care Services in US Over Lack of Profits

Walmart called the decision to close its health clinics in five states and discontinue its virtual health service "difficult."..


Latest News

MetLife Approaches With Breakup Plan Since Washington Court Declares SIFI Label Unlawful
MetLife has announced in January planning for selling large portion of its US insurance unit. But the move has been suspended following imposition of designation as SIFI by FSOC. However, the FSOC mov
PepsiCo Reshuffled Its North American Management
PepsiCo reorganize its North American operation. The company appointed Albert Carey CEO to oversee beverages, Frito-Lay and Quaker Foods divisions in North America, and two other executives.
Western Alliance Bank to buy part of GE Capital assets
US-based Western Alliance Bank has decided to buy GE Capital assets from General Electric Co. The deal is expected to be completed by end of 2016. General Electric will focus on its core industrial o
London Stock Exchange merger facing heat of German resistance
The £21-billion merger of London Stock Exchange (LSE) with Deutsche Börse is facing an increasing resistance from Germany. Politicians and senior industry leaders are concerned about losing the financ
Nexus Venture Partners Recognizes KG Subramanian’s Contribution While Promoting As MD
KG Subramanian has been promoted as the Managing Director for the Finance and Operations unit of Nexus Venture Partners. The chartered accountant has been serving NVP for the last fourteen years. The
Macquarie Led Group Wins Approval From Louisiana Acquiring Cleco For $3.4 Billion
A group of investors led by Macquarie has reached an agreement with utility company Cleco to acquire the latter for $3.4 billion during October 2014. The acquisition proposal has previously been rejec
Elon Musk’s SpaceX Success May Remain A Dream, Argues Neil deGrasse Tyson
Neil deGrasse Tyson has termed Elon Musk’s SpaceX project as a delusion and argues in favor of his claim. The cost involved appears to be the first hurdle since such gigantic project can’t be implemen
Nevada Waves $9.2 Million Sales Tax To Allure Hyperloop’s $121 Million Project
Hyperloop Technologies Inc. has been implementing an innovative idea of Tesla CEO Elon Musk through developing a new concept of transportation platform. The Los Angeles tech giant considers for spendi
US Q4 growth rate beats estimates
The rise in household spending has propelled US economy to grow surpass earlier forecasts for fourth quarter of 2015. However, the US GDP growth rate eased in fourth quarter from previous quarter.
ArcelorMittal to sell 3 of its US steel operations
Billionaire Lakshmi Mittal-controlled ArcelorMittal is selling three of its US steel operations to Black Diamond Capital Management. As part of the sale deal, ArcelorMittal will offload three units at
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