Chemical Companies Huntsman and Clariant to Merge

In one more sign of consolidation in the chemicals industry, American Huntsman is set to merge with Swiss company Clariant to create a chemicals giant worth about $20 billion. The CEO of Huntsman, Peter Huntsman, will be CEO…

Business News

Chemical Companies Huntsman and Clariant to Merge

In one more sign of consolidation in the chemicals industry, American Huntsman is set to merge with Swiss company Clariant to create a chemicals giant worth about $20 billion. The CEO of Huntsman, Peter Huntsman, will be CEO of the combined company, while Clariant CEO Hariof Kottmann will be…

U.S. Moves to Check Russian Ties to Citgo

Within the sometimes crazy world of international finance, U.S. refiner Citgo was purchased by the Venezuelan national oil company PDVSA, in 1986. At the time, Venezuela had much better relations than they enjoy currently and far fewer Americans had qualms about the brand with the iconic sign outside…

How Much Time Does Sears Have Left?

In 1969, Sears comfortably sat atop the worlds of business and retail. It sales topped $12 billion and the company claimed 350,000 employees. As a simple of that clout, Sears embarked on the construction of a skyscraper in Chicago, named the Sears Tower, that was for a time…

Ongoing Attacks Highlight Cyber Security Industry

Amidst constant chatter of Russian interference and hacking in Western Europe and the United States and now a global panic over ransomware exploiting a hole in Microsoft security originally found by the National Security Agency in the United States, governments and companies are increasingly turning to cyber security…

Uber’s Challenges Continue to Mount

Ride-sharing pioneer Uber is in many ways a start-up's dream. It is operating in 570 cities around the world, did $6.5 billion in revenue last year, and has been given a valuation of $70 billion by venture capitalists, higher than most automakers around the world. Uber's impressive growth,…

Economics News

What Could Labour’s NHS Plans Mean for the UK Taxpayer?

The National Health Service (NHS) is one of the UK’s largest employers. It’s also one of its’ most recognisable institutions, running hospitals, ambulances and pharmacies.…

More than Twenty Years Since its Creation, NAFTA Once Again is Up in the Air

Acting to fulfill campaign promises on renegotiating the North American Free Trade Agreement (NAFTA), which he says has hurt workers and allows the United States…

Something’s Rotten in the State of Brazil

Brazilian markets are reeling today after corruption investigations now look set to engulf the current President Michel Temer. The Bovespa index of Brazilian stocks is…

United States’ Industrial Production Moves Higher in April

Industrial production moved higher by 1.0% in April from its March reading and 2.2% versus the previous year according to a release by the United…

G7 Finance Ministers Meet In Italy

The G7 group of Finance Ministers - from the rich countries of the United States, Canada, the United Kingdom, France, Germany, Japan, and Italy -…

Equities

Buffett Doubles Apple Stake, Adds to Airlines

The Securities and Exchange Commission (SEC) rather mundanely requires asset managers with $100 million or more in assets to disclose their holdings quarterly in a…

CBOE Volatility Index Hits New Lows

After a year of surprises that included a British exit from the European Union and the election of Donald Trump in the United States, investors…

Truckers Post Disappointing First Quarter Results

Two of the largest less-than-truckload (LTL) carriers in the United States posted results this past week that fell below Wall Street expectations. Trucking companies are…

Currencies

Why Some People Use A VPS To Trade Forex

A virtual private server, or VPS in short, is a server that appears as a…

ECB Sees Stronger Growth, but Not Strong Enough to Withdraw Stimulus

The European Central Bank raised its 2017 growth forecast for the European Union from 1.8%…

Switzerland’s GDP Growth Dissapoints

Switzerland's fourth quarter GDP growth was only 0.1% annualized between Q3 and Q4 of this…

M & A

Chemical Companies Huntsman and Clariant to Merge

In one more sign of consolidation in the chemicals industry, American Huntsman is set to…

Sinclair Broadcasting to Buy Tribune Media for $4 billion

Sinclair Broadcasting is buying rival television station operator Tribune in a $4 billion deal. The…

Purdue University Buys Kaplan University for $1

Purdue University held its first classes on its Indiana campus in 1874 and was ranked…

Unemployment

US Non-farm Payrolls Increase by 211,000 in April

After a tepid March report, US employment accelerated in April with 211,000 jobs created according to the Bureau of Labor…

General Motors Set to Layoff 625 Employees Amid NAFTA Waves

Reports indicate that auto maker General Motors is set to layoff over 600 employees in an Ontario plant amid recent…

US jobless claims fell to historically low level

The number US jobless claims fell last week, supported by the historically low level of cuts, suggesting that the labor…