Business

Monday will mark 74 years since Pearl Harbor attack

During World War II, no less than nine military and congressional investigations were held on the attack and why America was caught unprepared. John Sauls of Acworth served in the U.S. "I wasn't paying much attention to what people in America were doing ". War already was raging in Europe when Dowd enlisted in January 1941. "What I'm going to be talking about is how they really were an effective submarine, and were misused by the Japanese high command leading to the not only ...

Business

Control Rod Power Loss Spurs Indian Point Reactor Shutdown

The company said it's not yet clear what caused the power problem. Gov. Andrew Cuomo sent the Department of Public Service to investigate and monitor the situation. Parts of the plant were taken offline in May when thousands of gallons of oil leaked into the Hudson River after a transformer fire, the Associated Press reported.

Business

Pfizer and Allergan deal expected to produce synergies of $2 billion

Pfizer , which makes the cholesterol fighter Lipitor, will keep its global operational headquarters in NY. There can be many business reasons for two companies to merge. The transaction is valued at $363.63 per Allergan share. Ian Read , Pfizer chairman and chief executive, said, "The proposed combination of Pfizer and Allergan will create a leading global pharmaceutical company with the strength to research, discover and deliver more medicines and therapies to more people around ...

Business

Cyber Monday marks Target's best day of online sales ever

Shoppers got a message asking them to "hold tight". Online spending on Black Friday increased 14 percent from 2014. There were brawls on Black Friday at malls around the country. This could indicate that more consumers are shopping online instead. "Nothing standing out so far", he said midmorning on Monday. \Americans bought more than $3 billion worth of goods on Cyber Monday , a leading survey showed, as bigger-than-expected discounts and strong demand for electronics and toys added up ...

Business

Deal Reached: Pfizer Buying Allergan for $160 Billion

Upon the closing of the transaction in the second half of 2016, the companies said the combined company was expected to maintain Allergan's Irish legal domicile. "Two billion dollars of savings in the first three years, together with an attractive tax inversion sounds like a compelling reason for a merger", Heugh said, although warned that often mergers did not succeed in their primary objectives.

Business

Yahoo Board to Weigh the Future of Company, Marissa Mayer

People told The Wall Street Journal that Yahoo's board is expected to discuss its options in sessions that will begin on Wednesday and continuing through Friday. dollars (£670 million) and is now worth 33 billion USA dollars (£22 billion) as the ecommerce business has boomed. The Yahoo! board will also be discussing whether to proceed with a plan to spin off more than $30 billion in shares of Alibaba .


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