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Business

January, 2016

  • 18 January

    Jobless claims rise in the US while import prices fall

      The number of Americans who are filing for unemployment benefits went up unexpectedly last week but were still within levels that are associated with a healthy labor market. Other data showed that import prices fell in December for the sixth month running and were weighed down by a strong …

  • 18 January

    Fiat Chrysler accused of falsifying sales data by 2 auto dealers

    A couple of automobile dealers have alleged that Fiat Chrysler has been falsifying sales data by bribing dealers to report unsold cars as sold. This federal lawsuit has accused this automakers operations in North America of knowingly endorsing and encouraging the falsification of motor vehicle sales data with rewards for …

  • 18 January

    GE decides to relocate its headquarters from Fairfield after 30 years

      General Electric is going to be relocating its headquarters from its current location in Fairfield, Connecticut to Boston in this summer as per Jeff Immelt’s announcement this Wednesday. GE had earlier said they were thinking about shifting in June 2015 since Connecticut wanted to raise business taxes but they …

  • 13 January

    Oil may hit $20 a barrel as China woes continue

    The brutal oil market selloff from the New Year became worse on Monday with prices falling by 7% to a new 12 year low with the continuing disturbances in the Chinese stock market threatening to knock the price of crude as low as $ 20. On Monday, blue chip stocks …

  • 13 January

    Shire finally purchases Baxalta after 6 month pursuit for $32 billion

      Shire Plc, the drug maker, has finally completed a $32 billion deal to buy Baxalta International Inc. which has helped it move back into the leading position as far as treating rare diseases is concerned. This group, listed in London, had approached this US Company in July with an …