Verizon Communications Inc, America’s largest wireless operator, said it is purchasing Yahoo Inc’s core internet properties for $4.83 billion in cash. The deal signals the end of an internet pioneer and the beginning of a new, huge internet push by the telecommunications giant. The deal will combine Yahoo’s messenger, email and search abilities and its… Continue Reading
Isaac Dabah, CEO of Delta Galil, is “returning to [his] first love” with the company’s purchase of 7 For All Mankind, Ella Moss and Splendid from US firm VF Corporation. The transaction – costing Dabah’s firm $120 million – is said to be Delta Galil’s “largest-ever acquisition.” It is expected that this enterprise will boost… Continue Reading
The case of the US Federal Trade Commission against diet supplement giant Herbalife has come to an end as neither side fully gets what they wanted. Herbalife was able to escape the lawsuit without being labeled as a “pyramid scheme,” worth a lot more than the $200 million fine they were forced to pay, as… Continue Reading
Our high tech age is quickly changing the world we live in. Try and remember the last time you wrote a letter, or called someone from your land-line phone? As a result of this upheaval in the prevailing lifestyles of Americans, it is no wonder that certain jobs are heading for extinction. The US Bureau… Continue Reading
On Thursday the White House will urge the business community to do more to help refugees as President Obama gears up for his upcoming participation in the world summit in September. The summit is the forum to discuss with world leaders the ways the global community can help refugees. Samantha Power, US Ambassador to the… Continue Reading
The mix of global-market uncertainty and the decision by the Federal Reserve to restrain interest rates has contributed to mortgage rates’ record low levels since May 2013. Today, according to a survey done by Freddie Mac, 30-year fixed-rate mortgages have sunk to 3.54 percent. The rate for 15-year mortgages is now 2.81 percent. In November… Continue Reading
Beginning on July 1 Amazon.com, Inc will drastically reduce the fees it charges merchants to sell items such as screen protectors, USB cables, and other small flat products that can easily fit into an envelope. This move is a direct competitive threat to giant companies it competes with like eBay, Alibaba Group Holding Ltd, and… Continue Reading
Prime Minister of India Narendra Modi is in the United States talking to some of the US’s most successful companies in order to persuade them to do more business in one of the world’s most populated countries. It looks like Modi has had some success, getting to company’s such as Walmart and Apple to invest… Continue Reading
Summer is here, not only causing the temperatures outside to rise, but also the price of oil. The warmer months mean vacations and increased driving, which in turn drives up oil prices as demand climbs. The rise is for American oil; internationally prices were kept down by increased output in the Middle East, which caters… Continue Reading
As Hewlett Packard Enterprise continues to re-structure its operations to state competitive in the world of high-tech, it has decided to sell off its business services division to its competitor Computer Sciences Corp. HP Enterprise will earn about $8.5 billion for its shareholders from the deal. The unloading of the business division will allow HP… Continue Reading