Business

PBF’s purchase of Exxon Mobil Corp’s Refinery Marks Its Entry in California Market

PBF Energy Inc's purchase of Mobil Corp's California refinery marks Chairman Tom O'Malley's biggest bet on US refining in the country's toughest market. Under the $537.5 million deal PBF will buy Exxon's 55,000 barrels per day plant in Torrance with dock, storage and pipeline infrastructure.... read more

Comcast to Make Its Biggest Investment Overseas

Comcast’s NBCUniversal said on Sunday that it has agreed to buy a controlling stake in the Universal Studios Japan (USJ) amusement park. The American multinational mass media company will be paying $1.5 billion for the stakes in USJ Co. The deal marks as Comcast’s biggest overseas investment.... read more

Sharp Not to Disclose Six Month Forecast

Electronics major Sharp Corporation has decided not to release forecast for the first half of the year and reduce its full-year profit estimations in view of the fall in share value reported recently.

Officials close to the management said that the company has reported a deficit of 10... read more

T-Mobile allows customers to buy iPhone 6s for $5/month with trade-in

On Wednesday, US wireless carrier T-Mobile announced a new initiative under which it will sell tech giant Apple's new iPhones -- iPhone 6s and iPhone 6s Plus -- for $5 per month with trade-in. The new iPhones are set to hit the markets on September 25.

The new initiative announced by T-... read more

Xiaomi unveils $200 handset – Mi 4c - for Chinese market

At its Tuesday product launch event, Chinese device manufacturer Xiaomi unveiled its newest smartphone --- the Mi 4c. Along with the new handset, the other new products announced by Xiaomi at the Tuesday event included the Mi Bluetooth Speaker and the company's own mobile service called Mi... read more

China revises 2014 Economic Growth Estimate

China has changed its 2014 growth rate to 7.3% from 7.4% because of a weaker-than-reported contribution from the service sector that casted doubt on an economic bright spot in the middle of concerns regarding the health of the world’s second-largest economy.

The change is relatively small... read more

California distributor recalls imported cucumbers after salmonella kills elderly woman

Andrew & Williamson Fresh Produce of San Diego on Friday issued a voluntary recall for its imported "Limited Edition" brand garden cucumbers, after the product was linked to the recent salmonella outbreak that sickened hundreds of people in numerous states in the U. S.

The California... read more

California Senators unanimously approve equal-pay measure

California lawmakers on Monday unanimously approved equal-pay measure that would prohibit employers from paying differing wages to employees who do substantially similar work.

The bill passed the California Senate with a 40-0 vote. Last week, members of the state Assembly approved it with... read more

Berkshire Hathaway and Other Large Companies Would Bear Brunt of Macro Changes

In a situation like where the world market is low and is swinging wildly, it would appear tempting to bet against large companies which have broad exposure to the economy at home and abroad. But analysts suggest that it would be a mistake to bet against an investor with his level of market poise... read more

Blue Bell’s Homemade Vanilla to be back in stores on August 31

On Monday, Blue Bell has announced the return of its Homemade Vanilla in stores. It will be available in the stores on August 31 in different locations. News about the return of one of Texas' favorite frozen treat has set the social media into celebration mode.

The iconic brand is going... read more

Amgen settlement to provide West Virginia more than $845,000

A multistate settlement with Amgen Inc. will provide West Virginia more than $845,000, says Attorney General Patrick Morrisey. A $71 million settlement with drug maker Amgen was over accusations of deceptive drug marketing practices.

Attorneys general from 48 states and the District of... read more

NHTSA investigating June rupture of side airbag of 2015 model Volkswagen Tiguan

According to an earlier-this-week disclosure by the US National Highway Traffic Safety Administration (NHTSA), the agency has initiated an investigation into the rupture of a side airbag in a 2015 model Volkswagen Tiguan in June this year.

As part of the investigation, the NHTSA has... read more

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