Most U.S. retailers reported strong sales in October, a sign American consumers were spending with more gusto and could help keep the economy growing at a brisk pace.
United States
Allergan near buyout of up to $65 billion to escape Valeant, Ackman: source
Allergan Inc is close to a buyout deal worth up to $65.5 billion by Actavis Plc, one that could end months of pursuit by Canada’s Valeant Pharmaceuticals and William Ackman's hedge fund, Pershing Square Capital Management, according to a person familiar with the matter.
Obamacare enters new phase over the weekend with little fanfare
President Barack Obama's plan to extend private health coverage to the uninsured entered a new uncertain phase on Saturday as U.S. government-backed online insurance marketplaces opened their 2015 plans to millions of potential enrollees.
Wal-Mart's Vudu joins Disney's cloud movie service
Walt Disney Co's cloud-based movie storage service will give customers the ability to add purchases from Vudu, an online store operated by Wal-Mart Stores Inc, a Disney official said on Friday.
Deal to spur better 911 call locating for U.S. cellphone users
Emergency responders will be able to better locate callers who dial 911 on their cellphones from indoors as the U.S. wireless industry improves caller-location for the majority of such calls over the next six years.
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After two years of popping up at high-profile events sporting Google Glass, the gadget that transforms eyeglasses into spy-movie worthy technology, Google co-founder Sergey Brin sauntered bare-faced into a Silicon Valley red-carpet event on Sunday.
UBS AG, among the six banks fined this week for their role in the global foreign exchange scandal, is looking at clawing back bonuses from its traders.
An improving U.S. economy has failed to galvanize the consumer discretionary sector so far this year, but a recent rally in restaurant stocks as the holidays approach could herald happier days ahead for other retailers.
A group of Walmart employees pushing for higher wages said on Friday they were planning protests at 1,600 Walmart stores nationwide on Black Friday, the biggest shopping day of the year in the United States.
Shares of Virgin America Inc, a low-cost airline partly owned by Richard Branson, soared more than 30 percent in their market debut, underscoring the buoyant mood in an industry that is emerging from a long spell of turbulence.
The Republican-led U.S. House of Representatives approved the Keystone XL pipeline on Friday, but a similar measure struggled to get enough support in the Senate and President Barack Obama indicated he might use his veto if the bill does get through Congress.
The positive news on German and French GDP have calmed the fears over stagnating Eurozone economy. the International Monetary Fund said that growth performance is in line with projections in the United States and China. BoE Governor Carney lowered growth and inflation forecasts for UK. Japan's GDP data will be a very crucial factor in Prime Minister Abe’s decision on whether or not to increase the consumption tax from 8 percent to 10 percent.
The International Olympic Committee will unveil plans to overhaul parts of the sporting extravaganza next week as they look to make the Games more attractive to fans and sponsors alike.
A new U.S. spaceship designed to fly astronauts to the moon, Mars and other destinations beyond the International Space Station arrived at a Florida launch pad on Wednesday in preparation for an unmanned test flight next month.
