Ensco grabs Pride Int'l for US$7.3B
CBJ – Feb. 7 – Ensco Plc is widening its global scope with a big-ticket acquisition, buying up Houston-based Pride International, Inc., the companies announced today. The cash-and-stock deal, worth...
View ArticleHot chocolate, oatmeal power McDonald's growth
CBJ – Feb. 8 – A hot bowl of oatmeal on a cold morning isn't just a good breakfast – it's also a good way for a global fast food giant to make gains in sales. Oak Brook, Ill.-based McDonald's (NYSE:...
View ArticleNo link between Toyota throttles, incidents: US gov't
CBJ – Feb. 8 – There is no link between unintended acceleration in Toyota Motor Corp.'s vehicles and the vehicles' electronic throttles, according to an investigation by the United States government....
View ArticleUnemployment drop provides optimism: Bernanke
CBJ – Feb. 9 – Falling unemployment is encouraging but the U.S. economy has miles to go before it's back where it was before the recession, U.S. Federal Reserve Chairman Ben Bernanke said today....
View ArticleNYSE, Deutsche Börse considering merger
CBJ – Feb. 9 – Stock exchange operators NYSE Euronext Inc. and Deutsche Börse AG, the operator of the Frankfurt Stock Exchange, are considering a merger. NYSE confirmed today it was “engaged in...
View ArticleCisco Systems sees net income fall 17.9%
CBJ – Feb. 10 – The second quarter of fiscal 2011 was not kind to consumer electronics company Cisco Systems Inc., which saw a 17.9 per cent drop in net income even as sales grew 6 per cent. San Jose,...
View ArticlePepsi unenthusiastic about 2011's prospects
CBJ – Feb. 10 – PepsiCo Inc., fresh off a year of fair growth, is wary of a “weak consumer landscape” this year as poor employment numbers hinder sales in its cornerstone markets, the company said...
View ArticleNokia, Microsoft teaming up on cellphones
CBJ – Feb. 11 – The world's largest cellphone maker and the tech world's global powerhouse are teaming up to conquer the mobile phone market. Espoo, Finland-based Nokia (NYSE: NOK) and Redmond,...
View ArticleBlockbuster looking to sell itself: report
CBJ – Feb. 11 – Video rental chain Blockbuster Inc. will put itself up for sale, the Wall Street Journal is reporting. The sale comes as the company's creditors refused to fund Blockbuster to help...
View ArticleObama cuts, plans for tomorrow in 2012 budget
CBJ – Feb. 14 – U.S. President Barack Obama is putting a trim US$3.73-trillion budget on the table for next year that will see many government programs' budgets slashed. The budget, released this...
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