A report submitted by the U.S. House of Representatives Committee on Energy and Commerce found out that U.S. subsidiaries of foreign corporations have received around one-quarter of $16 billion from Section 1603 grant program.
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New York Banker Gordian Group to Advise Hostess' Bakery Union
The union and pension fund for Hostess Brands Inc. has hired Gordian Group, an investment bank specializing in distressed cases, to help preserve jobs and workers' benefits at the bankrupt maker of Twinkies snack cakes as Hostess negotiates with buyers.
Dreamliner Probe Widens After Excess Battery Voltage Ruled Out
U.S. safety investigators on Sunday ruled out excess voltage as the cause of a battery fire this month on a Boeing Co 787 Dreamliner jet operated by Japan Airlines Co (JAL) and said they were expanding the probe to look at the battery's charger and the jet's auxiliary power unit.
Sony Unit Sells NY HQ Building for $1.1 Billion
Sony Corp. sells its assets and cuts jobs for a turnaround of its business. Singed by accumulated losses and a rather gloomy scenario for electronics manufacturing, global electronics major Sony Corp.
Dell Buyout Imminent, Silver Lake Inching Closer to Deal
Dell is closing in on a deal with private equity group Silver Lake Partners seeming the most likely candidate to acquire the business.
Latest News
Liberty Media Corp now holds nearly 50.5 percent of shares in Sirius XM Radio Inc. Liberty Media Corp gained majority control over Sirius XM Radio Inc.
CSi Complete, a provider of credible service and call center services to the automotive and insurance industries has merged with TenPoint Insurance Solutions.
Germany's central bank is set to bring back 700 tons of gold worth $36 billion stashed in United States and France.
Elephant Talk Communication, Corp., is set to acquire 100 percent assets of Telnicity LLC; a U.S.-based MVNE/MVNO Enabler Company from Oklahoma for approximately $1 million.
Sharp Corp. is reportedly in talks with Lenovo Group Ltd to sell its LCD TV plant in China. With an aim to boost its finances Sharp Corp, a Japanese electronics company, is reportedly in talks with Lenovo Group Ltd to sell its LCD TV plant in China.
A study by UK-based Energy Company; British Petroleum Global reveals that U.S. will become 99 percent energy self-sufficient by 2030.
Swatch Group, the largest maker of watches by sales, has acquired Harry Winston's jewelry arm for a total consideration of $750 million. The acquisition also includes assumption of the jewelry arm's net debt of about $250 million.
Rogers Communications Inc will be acquiring Shaw Communications' Mountain Cablevision Ltd. Canada's diversified communications and media company Rogers Communications Inc.
Canada’s leading e-commerce companies TeamBuy.ca and Dealfind.com announced their merger to form one of the country’s largest online deal destinations.
