Biz/Tech
IBM Close to Acquiring Digital, Data Assets of Weather Co., Deal Would be Valued at More Than $2 Billion
U.S. Air Force Picks Northrop Grumman for Long Range Strike Bomber Contract, Tops Lockheed-Boeing for $80 Billion Contract
Pfizer and Allergan in Merger Talks, Could be One of the Largest Deals in Industry's History
Pfizer, Inc. and Allergan PLC are in talks about a possible merger of the two companies, people familiar with the matter told The Wall Street Journal. The deal, if it pushes through, would be one of the largest deals in the history of the healthcare industry.
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Diebold Announces Cardless ATM, Citigroup Testing New Technology
Diebold, Inc. has announced in a press release the introduction of Irving concept, an ATM machine that dispenses cash to the consumer without the need of an ATM card. Citigroup, Inc. is testing the new technology at its innovation lab in New York.
Duke Energy to Acquire Piedmont for about $4.9 Billion in Cash, Adds Natural Gas Platform as Growth in Power Demand Slows
Duke Energy Corp. announced in a press release that it plans to acquire Piedmont Natural Gas Co., for approximately $4.9 billion in cash. The acquisition provides Duke Energy with a growing natural gas platform as demand for electricity in the U.S. softens.
Wal-Mart Asks Permission to Test Drones for Home Delivery, Pickup, Looking to Compete Against Amazon
Wal-Mart Stores, Inc. has applied to the Federal Aviation Administration (FAA) for permission to test drones for home delivery.
Jeff Bezos Becomes 3rd Richest in the U.S., Adds $2.9 Billion to his Fortune
Jeff Bezos, the founder of Amazon.com Inc., is now the third-richest man in the U.S. with a net worth of $53.2 billion, according to a report from Bloomberg. Bezos added $2.9 billion to his Fortune last Friday, October 23, 2015, when Amazon.com’s shares went up by more than $35.
Toshiba Close to Selling Sensor Business to Sony, Looking to Raise Cash
Toshiba Corp. is close to selling its sensor business to Sony Corp. for about ¥20 million, or about $165 million, people familiar with the matter told Bloomberg. The company is looking to sell its assets and raise cash following an accounting scandal.
TVA Receives License for Nuclear Unit, Fed's First Nuclear Reactor Approval in Nearly 20 Years
The Tennessee Valley Authority (TVA) received an operating license for its Watts Bar Unit 2 nuclear reactor, according to a press release issued by the TVA. TVA’s Watts Bar Unit 2 is the first new nuclear reactor in nearly 20 years that the U.S. Government has given approval.
Best Buy to Offer Free Shipping for Holiday Season, Competes Aggressively with Amazon, Wal-Mart, Target
Best Buy, the largest consumer electronic chain in the U.S., will be dropping all of the restrictions to avail of the free shipping for the holiday season, according to a report from The New York Times. The company is aiming to compete aggressively with Amazon.com, Wal-Mart and Target during the holiday season.
American Airlines to Build New Headquarters in Fort Worth, Part of Continuing Integration with U.S. Airways
American Airlines said in a letter to employees that they will be building a new headquarters and create a corporate campus in Fort Worth, Texas, according to a report from the Dallas Business Journal. The new headquarters and corporate campus is still part of the airline’s continuing integration with U.S. Airways, which it merged with two years ago.
Liberty Global in Talks to Acquire Cable & Wireless Communications, Deal to Broaden Presence of Liberty in Caribbean, Latin America
Cable & Wireless Communications Plc (CWC) announced in a press release, published by the London Stock Exchange, that it is in discussions with Liberty Global Plc for a possible offer of cash and shares to acquire CWC. The acquisition, if it pushes through, would broaden Liberty Global’s presence in the Caribbean and Latin America.
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