Markets

Williams Cos. puts Canadian operations on the block for $1 billion

Williams Cos has decided to offload its Canadian operations for $1 billion. It is hoping to put it on the block in next week. In fact, it has already appointed two investment banks to oversee the sale process.

Bank of England has many choices to boost Britain's economy according to Governor Mark Carney

Bank of England has many choices to boost Britain's economy. The bank may slack its financial policy on fears that the country may exit the European Union.

American International Group, Inc. Reported Larger Than Expected Net Loss of $1.8 Billion in Q4 2015

American International Group, Inc. reported a bigger quarterly loss than expected. The company was hurt by weak underwriting and investment return. The big loss in Q4 made its full year income dropped by more than 70%

Reddit Enhancement Suite (RES) Secures $10 Million Investment Capital From ORIX Ventures

2015 appears as the most successful business year ever from RES context. It has touched several milestones while being acknowledged as the Best of VMworld 2015 Europe. The browser extension provider has received $10 million from ORIX Ventures to accelerate its penetration into the emerging market.

AT&T to spend $10 billion to expand its business solutions for customers worldwide

AT&T on Monday announced its intention to spend about $10 billion in order to provide its "integrated solutions" for enterprises globally. The company is also testing its 5G broadband services at enterprises and homes.

Poundsterling Took a Hit Over Possible "Brexit"

British currency suffered the biggest drop in one day, triggered by speculation Britain to leave. While Prime Minister Cameron stressed the importance of United Kingdom to stay in the EU.

Victoria's Secret CEO Announced Resignation, Parent Company's CEO to Assume Leadership

Victoria’s Secret CEO Sharen Turney announced her resignation on Friday, concerning investors and briefly crash the parent company’s shares after the news. However, the company had assured investors that the company will retain its success with the parent company’s founder and CEO Les Wexner assuming the role and Turney remaining as the lingerie brand’s advisor.

Chinese job market dries up with a slowing economy

The Chinese job market has hit a dry spell, with job postings dropping across all sectors at an alarming rate. These findings, put together by the data restructuring company Quanton Data, throw up a pretty grim scenario, specially for the freshers who are about to step into the job market this summer.

Feelgood Leicester boosting hopes on rebalancing UK economy

The renewed activity of football Premier League is bringing cheer to Leicester city. The flourishing economic activity in the far neglected city is reviving the hopes on rebalancing the UK economy. Economists suggest for enhanced economic activity in East Midlands for rebalancing Britain's economy.

Rise of micro VC funding in India as investors focus on early-stage investment

The micro venture capital (VC) funding space in India is witnessing a robust activity. A rising new breed of venture capital investors is keen on early-stage investment in startups. About 12 micro venture capital funds are operational in India.

Puerto Rico in troubled waters, stalls debt payments to provide essential services

Puerto Rico has run into deep economic crisis, with its fiscal agent, the Government Development Bank, running out of reserves to cover even essential services. The government is tilting towards holding on to its debt repayments to sustain the island as a going concern, but their plea to creditors and the Congress to bail them out of the crisis is met with resistance on both fronts.

Deflation in steel, other commodities dent Japan's export basket

Japan's exports were badly hit by the steep drop in steel prices and other commodities. The world's third largest economy's exports fell 12.9 percent on the year in January to Yen 5.35 trillion ($47.12 billion), while the imports also fell 18 percent.

Chancellor George Osborne misses approval rating as faith in UK economy slides

Britain is losing its faith in the chancellor George Osborne as he is readying for the annual budget in the midst of global challenges facing the nation's economy. Poor economic conditions prevented the chancellor from achieving his election targets.

Marijuana Sales Hits Nearly $1 Billion Mark In Colorado

Marijuana sales in Colorado has hit the massive $1 billion mark. After legalization of the cannabis for medicinal and recreational purposes in 2012 the sales has increased by 42 percent over the last year. The state would reportedly use about $35 million of the tax profit for construction of schools.

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