Business

Arvind Kejriwal Says No Demolition To Take Place Without Rehabilitation

Stepping into the demolition row, the high court had come down heavily on the Railway Ministry and police for the drive and directed the authorities to immediately rehabilitate over 5,000 people rendered homeless. Terming the incident as inhuman, Delhi Minister Satyendra Jain alleged the demolition was carried out "to teach a lesson" to these people who had voted for Arvind Kejriwal.

Business

Dow, DuPont Confirm Plans to Merge - and Then Split

Dow Chemical Co., which has been paying $255 million annually in dividends to Warren Buffett for years, may have finally found a way to end that obligation. The split of three-ways will not occur for the next 18 to 24 months following the close of the deal, which is expected during the last six months of 2016.

Business

Are non-profit hospitals on their way out?

BlueMountain Capital Management LLC is paying up to $260 million to purchase the troubled Daughters of Charity Health System, the hospital said Monday, after the deal was conditionally approved by the California attorney general earlier this month.

Business

Current oil price slide will not continue

India is the world's third largest importer of crude oil behind only the United States and China. "It sold for that in 1859 but the first day's production broke the market" and sent prices tumbling ("Early and later history of petroleum" Henry, 1873).

Business

Yahoo shareholder wants Marissa Mayer gone

Although Mayer had promised that Yahoo will provide details on the new reverse spin-off at the company's upcoming fourth quarter financial meeting, Canyon Capital said Yahoo's current failure to provide "any clear details in terms of analysis, process or timing" was concerning.

Business

Who won the 5th GOP debate?

ET, with the prime-time GOP debate following at 8:30 p.m. ET. CNN's Dana Bash will be asking the GOP candidates questions at the primetime debate. "According to a CNN spokesperson, however, the network believes showing the debate is a matter of public interest, and that the free stream can build its brand and be a showcase for the industry's "TV everywhere" offerings".