Business

California regulators reject utilities’ demand for changes in solar net energy metering

In what is being seen as a setback for California’s utility companies, the state regulators have decided a status quo on the system dubbed ‘net energy metering’ that pays solar homeowners for the excess electricity used by them.

The development is being seen as a victory of sorts for the... read more

Janet Yellen Uses Traditional Economic Models to Increase Interest Rate

On one hand Janet Yellen is guiding the Federal Reserve to increase the interest rates using traditional economic models, while on the other hand, some economists are worried as it might results in a failure.

The 69-year-old economist argued on the point that the time is very near when... read more

Newell Rubbermaid is acquiring Jarden in cash-and-stock deal

Newell Rubbermaid is going to purchase Jarden in a cash-and-stock deal. It says the deal would result into the generation of nearly $16 billion in revenue every year with brands like Paper Mate, Yankee Candle, Rubbermaid, Lenox, Sharpie, Elmer’s and Graco.

Jarden shareholders will get $... read more

UPS and Fedex Witness Delivery Delays After Black Friday

After Black Friday and Cyber Monday, shipping majors UPS and Fedex have been trying hard to deliver the goods to customers in time. During Black Friday and Cyber Monday, the online shopping platforms have registered strong sales and shipping service providers have to deal with the additional... read more

Sprint to get $1.1B cash infusion through financing deal with SoftBank-backed entity

On Friday, US wireless carrier Sprint Corp. said that it is getting $1.1 billion cash infusion from a newly-formed company -- called Mobile Leasing Solutions LLC -- which is backed by Sprint’s Japan-based majority owner SoftBank Group Corp.

According to the announcement, Sprint -- which... read more

Microsoft is acquiring Israeli firm Secure Islands for undisclosed amount

On Monday, Microsoft revealed that it has signed an agreement for the acquisition of Israeli data security specialist Secure Islands --- a company which is chiefly focused on the protection of companies’ data.

The financial terms of the Secure Islands acquisition deal -- which requires... read more

TreeHouse Foods Inc. agrees to buy ConAgra Foods Inc.'s private-label unit for $2.7 billion

TreeHouse Foods Inc. is buying ConAgra Foods Inc.'s private-label unit for $2.7 billion. The deal will make TreeHouse Foods Inc. the largest US maker of store-brand groceries and test its potential to turn around an ill business.

In a statement on Monday, Oak Brook, Ill.-based TreeHouse... read more

Sprint to Cut 2016’s Fiscal Expenses By $2.5 Billion

Sprint Corp, the American telecommunications holding company that provides wireless services, said in a statement on Sunday that it is planning to cut down its fiscal expenses of 2016 through layoffs and cost controls.

CFO of the fourth-largest telecom services provider in the United... read more

Porsche unveils its latest small crossover model --- Macan GTS

Automaker Porsche has announced the newest model of its small crossover, the Macan GTS. The vehicle combines the best features of Porsche’s two earlier models -- the Macan S and the Macan Turbo.

Unveiling the Macan GTS, Porsche said that it will commence the sales of the vehicle in March... read more

Pfizer Inc Had Early Talks with Allergan Plc to Discuss Takeover Deal

Pfizer Inc, an American multinational pharmaceutical corporation, has recently held talks with Allegran Plc to discuss takeover deal, which could be the biggest acquisition of this year, the Wall Street Journal and Financial Times reported.

The healthcare sector has seen several big and... read more

Drivers sue Amazon for Not Providing Independent Contractor-Level Benefits

Drivers working for Amazon have filed a lawsuit against the retailer alleging that the company treats them as its employees, but do not provide them independent contractor-level benefits.

According to the lawsuit, drivers of the Amazon Prime Now were hired by Scoobeez, a contractor that... read more

Comcast charges extra for heavy Internet users

Comcast, American multinational mass media company, has started charging extra money for hevay Internet users in some parts of the country. While most Internet service providers give unlimited data, but Comcast is out of the blue and moving in opposite direction to charge extra for heavy... read more

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