US-based domestic airline Delta Air Lines Inc has announced share buybacks and dividends amounting to $6 billion.   The company plans to return $6 billion back to its investors by the end of 2017, and raised its target for operating profit margin. The company also announced its intention to return at least 50 percent of its free cash to stockholders via a new $5 billion share repurchase...

Indian government-run power company National Thermal Power Corporation Limited (NTPC) has signed a MoU with the government of the eastern Indian state of Jharkhand to build the country’s largest thermal power plant.   The company will own a 74 percent stake in the $5.5 billion facility and the Jharkhand State Electricity Board (JSEB) will own the remainder, according to a report in...

US-based telecom and broadband giant Verizon has bought erstwhile Internet company AOL for $4.4 billion at $50 a share.   Verizon has amassed AOL’s online video data as part of this deal and is looking it as an opening gate to get into digital video ads. While Verizon’s traditional business of carrier services has got a hit with the US government imposing regulations in the pricing, this...

Nordea Bank’s Chairman of the Board is urging Sweden to abandon the planned tax on financial activities, due to which the country is, after all, could lose a source of income. The proposal that the government, presented at the beginning of this month, can backfire because "over time it can encourage banks to change the way they operate," - said Bjorn Wahlroos to Bloomberg news agency. Banks have...

Zach Cutler enumerates five industrial sectors that are “exploding” with new possibilities and opportunities. The inclusion of technological innovation has a big credit in this changing trend which is redefining convention and age old systems. Thestrategist.media – 11 May 2015 – Zach Cutler applauds the annual progressive achievements of the industries by terming the same as “monumental”....

The security alert system introduced by Google has been “bypassed” by seven-lines of JavaScript code. In spite of multiple updates of the said product, specialists say that the tool, though innovative by itself, still needs further developments. Thestrategist.media – 07 May 2015 – Forbes staff, Thomas Fox-Brewster reports that only “lines of code” managed to “bypass” Google’s alert service,...

Uber is facing a tough ride in Toronto with the city arguing that a complete injunction will be the only way out to stop the rideshare app service from its illegal operations in the city.   the City of Toronto’s factum filed with Ontario Superior Court of Justice argues that the prosecution of charges against individual drivers or against Uber on a trip-by-trip basis are not an effective...

US-based media company Tribune Publishing has announced that it would be buying San Diego-Union Tribune for $85 million.   Tribune, the owner of media products such as TIME, Los Angeles Times and the Chicago Tribune, will buy San Diego Union Tribune as well as a group of nine weekly magazines in Southern California. Together the publications will reach out to 300,000 readers.   The...

US-based pharma company Alexion Pharmaceuticals has agreed to a $8.4-billion deal to buy Synageva BioPharma to acquire the rights for a rare disease treatment maker.   Synageva, a new company based in Massachussets, lost nearly $60 million in the first quarter and has no products on the market but Alexion is looking into the future potential of the company’s patents, a report in AP said....