Archive for the Category ‘Business’

Biogen Idec Bid for Facet Biotech Shot Down

Biogen Idec Bid for Facet Biotech Shot Down

Biogen Idec failed to persuade shareholders to approve its $450 million hostile takeover bid for Redwood City, CA-based Facet Biotech, but a statement today suggests that this particular corporate dance isn’t over yet.

Toyota Car Insurance – Recalled Vehicles Could Push up Premiums Even Higher

Toyota Car Insurance – Recalled Vehicles Could Push up Premiums Even Higher

Owners of Toyota vehicles have been on red alert for the last few weeks after it was revealed that Japanese car manufacturers Toyota would be recalling a batch of its vehicles due to complaints over accelerator issues that has naturally created a serious safety issue.

Pringles Recall : Two Alt Flavors of Pringles have salmonella

Pringles Recall : Two Alt Flavors of Pringles have salmonella

You might be familiar with pringles as an alternative to potato chips in a bag. Pringles come in a can, and they are stacked. Their slogan, “Once you pop, you can’t stop” is very popular with people who drink Mountain Dew, Energy Drinks, and most importantly, people who aren’t really familiar with nutritional values.

US Oil Company, Chevron Cuts Jobs, Puts Refinery On The Block

US Oil Company, Chevron Cuts Jobs, Puts Refinery On The Block

It picked a bad time to sell a refinery in the developed world, but Chevron lightens up to focus on Asia and gas.
Chevron, the second largest U.S. oil company, plans to slash 2000 jobs as depressed refinery margins continue to drag profits lower.

Prius Hybrid Car – Toyota Reviewing U.S. Report of Prius With Stuck Gas Pedal

Prius Hybrid Car – Toyota Reviewing U.S. Report of Prius With Stuck Gas Pedal

March 9 (Bloomberg) — Toyota Motor Corp., struggling to regain a reputation for quality after unintended acceleration forced millions of vehicle recalls, will investigate a report in California of a Prius hybrid car that sped out of control.

Restaurants Business- Burger King sees weak Q3, blames weather

Restaurants Business- Burger King sees weak Q3, blames weather

NEW YORK, March 9 (Reuters) – Burger King Holdings Inc (BKC.N) forecast U.S. and Canada total revenue and restaurant margins in the third quarter would be below prior-year levels as adverse weather in the central and eastern United States kept diners away.

Crude Oil futures Falls Nearly $2 On Dollar Strength

Crude Oil futures Falls Nearly $2 On Dollar Strength

ONDON (Dow Jones)–Crude-oil futures fell nearly $2 Tuesday, pressured by a strong dollar and profit-taking from Monday’s surge to two-month highs.

Dollar’s Gains Hit Gold Prices

Dollar’s Gains Hit Gold Prices

LONDON—Spot-gold prices slipped Tuesday, weighed by a stronger U.S. dollar against the euro and comments by a key Chinese official about gold holdings.

Jet Blue Airlines offers $10 last-minute fares

Jet Blue Airlines offers $10 last-minute fares

CNN) — Looking for an affordable last-minute getaway? JetBlue Airways is celebrating its 10th birthday with a $10 one-day fare sale Monday on flights from New York to the airline’s original 10 destinations.

Obama cites soaring insurance rates as reason to reform health care

Obama cites soaring insurance rates as reason to reform health care

In a health-care speech near Philadelphia today, President Obama took on the insurance companies, warning that the industry has made a collective decision to drive rates up even if it means that more people and more companies have to drop their coverage.

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