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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...

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Hot 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:...

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No 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....

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Unemployment 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....

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NYSE, 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...

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Cisco 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,...

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Pepsi 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...

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Nokia, 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,...

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Blockbuster 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...

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Obama 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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