Markets & Industries
Europe and the US: NanoFood vs Organic - 05/19/2015
US Department of Agriculture (USDA) will provide approximately four million dollars to the federal program on the use of nanotechnology in the food processing and manufacturing. The corresponding decree was published on the site office. Representatives of the Center for the control of food safety stated that they are encouraging the progressive development, but noted that before presenting such a...
Paypal to go public in 2015 third quarter - 05/17/2015
US-based online payment service company Paypal plans to go public once more. The company had been on the stock market when it has its IPO in 2002. But soon it was bought by Ebay which made Paypal a fully-owned subsidiary. Ever since Ebay and Paypal parted ways in Spetember last year, the subject of a fresh IPO was doing rounds in the investor world. Now, Paypal has formally announced...
Investor Icahn puts $100 million in Lyft - 05/16/2015
Investor Carl Icahn's Icahn Enterprises LP has vowed to make a $100 million investment in mobile phone-based ride sharing service Lyft. The activist investor is known to invest in technology and especially in bellwether companies such as Apple, Nextflix and eBay, but this investment in a new company has taken the tech world by surprise as Lyft is just a two year old company. Lyft...
US Industrial output continues to plummet down - 05/16/2015
The US industrial output has fallen for the consecutive fifth month in April. The output dip is largely attributed to lesser energy-related drilling activities and sluggish manufacturing. The industrial production according to data has slid 0.3 percent in April. The figures also suggest that weakness in manufacturing and mining is weighing heavily on the economy. Drilling for...
Japan to Arm the World - 05/15/2015
Japan to relax restrictions on arms exports. The first international exhibition of arms, held in Yokohama, indicates the rejection of the country's policy of pacifism. Very few citizens of this country have personally seen pistols and machine guns because of the rigid rules governing the carrying and use of weapons in Japan. In October 2014, a 28-year-old Japanese man was sentenced to two...
Avon denies takeover bid existence - 05/15/2015
A bid for struggling cosmetics company Avon Products has proved to be a phony one but speculative markets has led to the company getting a momentary high in the market. The shares for the company went up by 20 % to $8 after a company called as PTG Capital issued a securities filling that it lodged a bid for $18.75 per share even as Avon denied the existence of such a bid. There were no...
Delta Airlines announces share buyback for $6 billion - 05/14/2015
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...
NTPC signs MoU with Jharkhand state in India - 05/13/2015
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...
Verizon buys AOL for $4.4 billion - 05/13/2015
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 Warns: Sweden May Get the Capital Fleeing Away - 05/12/2015
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...
