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News

Oil Search Ltd rejects $8B takover offer by Woodside

Australian oil major Oil Search Ltd has rejected the $8B takeover bid from Woodside Petroleum. Oil Search's board viewed the takeover offer as low price translating into lower valuation of the company and it doesn't serve shareholders' interests.

Sep 14, 2015 9:43 AM EDT

News

Airbus says U.S. factory will be world's most efficient

AIrbus will officially opened its $600 million plant in Mobile, Alabama. The plant will be the most efficient that the company ever build in an effort to rival Beoing production and growing their presence in the United States.

News

Vista Equity Partners to buy Solera Holdings Inc. for $6.5 B

Vista Equity Partners together with Goldman Sachs and Koch Industries offers to buy Solera Holdings Inc for a total of $6.5 billion including net debt. The deal will also see Vista buying the company's share at $55.85 per share in cash making it as the biggest acquisition for the firm.

News

Cage-free eggs for McDonald's in a decade

In about 10 years, consumers of McDonald's will eat eggs lain by free-roaming chickens. This is good news for hens and animal welfare groups but will costs more to egg suppliers.

Twitter's Periscope adds landscape mode, broadcast options and Facebook sharing

Twitter's live streaming app, Periscope, updates its features. That includes broadcasting in the landscape mode, broadcast privacy options and Facebook sharing.

Sep 14, 2015 1:47 AM EDT

Stephen Colbert's The Late Show interview with Uber CEO interrupted by cabbie protesters

Stephen Colbert's The Late Night Show interview with Uber CEO Travis Kalanick was interrupted when two cabbies yell at the audience protesting how the CEO is killing the taxi industry.

Sep 14, 2015 1:38 AM EDT

Serbia cuts rates for 2nd time this month

Serbian's central bank slashed interest rate for the second month in a row. Though it was on expected line, but the suddent announcement surprised everyone. The move aimed at strengthening economy growth. the GDP growth rate is at low ebb, but it's recovering from the previous year's contraction.

Sep 14, 2015 1:35 AM EDT

Jeff Bezo's space firm joins Lockheed-Boeing rocket venture

Lockheed-Boeing joint venture, United Launch Alliance is planning to expands their partnership with Blue Origin. The news comes in as Aerojet Rocketdyne Holdings offer a cash bid of $2 billion to buy the venture.

Sep 14, 2015 1:32 AM EDT

Alpine Valley Bread will become a subsidiary of Flowers Foods Inc.

The organic bread maker, Alpine Valley Bread will soon become a subsidiary of Flowers Foods Inc. once the transaction becomes completed in Q4. Alpine was established in the late 1990's by the Woods family baking breads using all-natural ingredients.

Sep 11, 2015 9:14 AM EDT

Toyota suspends production at three Japan plants due to heavy rains

Toyota announced the company will suspend its day production in three plants located in Miyagi until further notice, as a safety precaution. Japan have been hit by flood after Typhoon Etau hits the country.

Sep 11, 2015 9:06 AM EDT

T-Mobile's New $20-a-month iPhone 6S Deal Defeats Apple's Own Rate; Offer Deemed Too Good to be True

T-Mobile’s Jump on Demand plan shines like a good deal but only for T-Mobile loyals, according to several expert opinions.

Sep 11, 2015 8:59 AM EDT

Czech Inflation Slows by 0.3 percent as Central Bankers Plans on Price Growth

The Czech inflation rate dropped to 0.3 percent in August, from July’s 0.5 percent, as reported by Czech Statistical Office Wednesday.

Sep 11, 2015 8:52 AM EDT

Avon to raise funds via PE, stake sale; stock turns volatile

The US-based beauty products company Avon is making every effort turn it around. To raise the funds, the company is tapping PE route in addition to exploring stake sale. After the fund raising news hit the market, shares become highly volatile on NYSE.

Sep 11, 2015 8:47 AM EDT