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U.S. Files Suit to Block Baker Hughes and Halliburton Deal

April 6, 2016 By Troi Freelan Leave a Comment

U.S. Files Suit to Block Baker Hughes and Halliburton Deal

The Justice Department in the U.S. has filed suit Wednesday to stop Baker Hughes from being acquired by Halliburton Co, arguing that the combination of the second and third largest oil services  would hurt the competition in that sector. The deal, which was worth over $35 million when first announced in November of 2014, would […]

Filed Under: Business Tagged With: Baker Hughes, Halliburton

Alaska Air Will Acquire Virgin America for $2.6 Billion

April 4, 2016 By Troi Freelan Leave a Comment

Alaska Air Will Acquire Virgin America for $2.6 Billion

Virgin America is being acquiring by Alaska Air Group for $2.6 billion, which will make Alaska Air the largest carrier on the West Coast as well as re-start the debate over the consolidation of airlines. This proposed takeover would also give Alaska, based in Seattle, a bigger foothold in both Washington, D.C. and New York, […]

Filed Under: Business Tagged With: Alaska Air, Virgin America

Carnival Sees Profit Surge as Cost of Fuel Continues Slide

March 30, 2016 By Troi Freelan Leave a Comment

Carnival Sees Profit Surge as Cost of Fuel Continues Slide

Carnival Corp announced that its earnings had nearly tripled over the most recent quarter as the operator of cruise ships continued to be the benefactor of sliding fuel costs. Shares increased 5% in early Wednesday trading on Wall Street as the adjusted earnings per share and its revenue beat analyst expectations. For its fiscal year […]

Filed Under: Business Tagged With: Carnival Cruise Lines, Carnival Cruises

Pandora Appoints Tim Westergren as New CEO

March 28, 2016 By Troi Freelan Leave a Comment

Pandora Appoints Tim Westergren as New CEO

Pandora the music streaming service on Internet might be trying to become a takeover target, but even more immediately, it is focused on restructuring its management again to ensure investor confidence. Today, Pandora announced that Tim Westergren its founder has take over the reins as the CEO, and that Brian McAndrews, who had been the […]

Filed Under: Business Tagged With: New CEO, Pandora, Takeover Target

Valspar Stock Soars on Acquisition by Rival Sherwin-Williams

March 22, 2016 By Troi Freelan Leave a Comment

Valspar Stock Soars on Acquisition by Rival Sherwin-Williams

Valspar Corp shares jumped 24% on Monday morning just a day after the company announced it was being purchased by Sherwin-Williams Co its rival for a price of $11.3 billion. As investors across the country cheered, executives during a call with media and investors would not clarify what would happen to over 600 employees at […]

Filed Under: Business Tagged With: Sherwin-Williams, Valspar

Dominos to Launch Robot Delivery Service

March 18, 2016 By Troi Freelan Leave a Comment

Dominos to Launch Robot Delivery Service

Dominos Pizza has unveiled its plans for a trial of the first driverless pizza robots for delivery in the world. The robot, known as Dominos Robotic Unit, affectionately called DRU, will debut in both Australia as well as New Zealand. The robot was designed and developed in Australia. It is powered by Marathon Robotics technology. […]

Filed Under: Business Tagged With: Dominos, DRU, Robot Delivery Service

Charter Communications Takeover of TWC Headed for Approval of FCC

March 16, 2016 By Troi Freelan Leave a Comment

Charter Communications Takeover of TWC Headed for Approval of FCC

Charter Communications’ proposed takeover of $67 billion for Time Warner Cable as well as Bright House Networks is close in being approved by federal officials who are poised to approve this deal over the upcoming weeks. The U.S. Department of Justice and the Federal Trade Communications Commission must both approve of the consolidation that would […]

Filed Under: Business Tagged With: Charter and TWC Merger, DOH, FCC

Bid of $14 Billion puts Anbang into Spotlight

March 14, 2016 By Troi Freelan Leave a Comment

Bid of $14 Billion puts Anbang into Spotlight

A bid of $14 billion to acquire Starwood Hotels and Resorts Worldwide surfaced on Monday, which put a spotlight directly on Anbang Insurance Group based in China and complicating a plan to merge Marriott International and Starwood into the largest hotel company in the world. On Friday, Starwood let Marriott know that it had received […]

Filed Under: Business Tagged With: Anbang, Marrriott, Starwood Hotels

Ford Announces Silicon Valley Move

March 11, 2016 By Troi Freelan Leave a Comment

Ford Announces Silicon Valley Move

Detroit automaker Ford Motor Co. announced on Friday that it would open up shop in Silicon Valley as it races against the clock to compete in the ride sharing industry. Ford said it was establishing a subsidiary in Palo Alto, California to build and to invest in new options of mobility, including ride hailing and […]

Filed Under: Business Tagged With: Car Hailing, Ford Motor, Silicone Valley

Amazon Signs Deal With ATSG for Air Cargo

March 9, 2016 By Troi Freelan Leave a Comment

Amazon Signs Deal With ATSG for Air Cargo

On Wednesday, Air Transport Services Group announced it signed new deals to lease as well as operate 20, 767 Boeing Jets for Amazon Fulfillment Services. This deal has confirmed a secret that has been poorly kept that Amazon was the client for which ATSG was operating a test for air delivery of its own, to […]

Filed Under: Business Tagged With: Air Cargo, Amazon, ATSG

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