Biz/Tech
P&G Sells Beauty Brands to Coty, Expects Up to $7 Billion in Profits
The consumer products giant Procter & Gamble will sell its lineup of 43 beauty brands and have it merge with beauty products maker Coty Inc for $12.5 billion.
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White House Unveils Solar Energy Push for Low and Mid Income Households
The White House plans to make solar energy more accessible to low-income Americans, lowering the electricity bills of citizens and also increasing the country's reliance on renewable energy sources.
Disney Looks for Tax Break Extension as it Readies Anaheim Expansion
Walt Disney Co. is looking for a 30-year extension to its tax exemption in Anaheim, California as the company plans to a billion dollar expansion in the city, but the mayor who previously supported the tax break is now looking to get more to fund government programs.
Samsung Profit Guidance Below Expectations as S6 Shortage Hurt Performance
South Korean tech giant Samsung Electronics Co Ltd onTuesday lowered its earnings guidance for the year as second quarter results fell below expectations due to shortage of its latest smartphone and falling sales in other market.
TerraForm's Wind Power Portfolio to Grow with Invenergy Acquisition
TerraForm Power Inc. and parent SunEdison Inc. are set to buy several windfarms in the United States and Canada from Invenergy Wind LLC for $2 billion.
Buffett donates $2.8 Billion to Charity Again
Warren Buffett, the second richest man in the world and among the greatest investors, donated on Monday $2.8 billion worth of Berkshire Hathaway stocks to five charities, continuing his tradition of philanthropy for the 10th straight year.
Philipp Morris to Sell Stake in Indonesian Unit to Comply with Public Float Rules
American cigarette maker Philip Morris International Inc. is looking to sell a billion dollars worth of its shares in its Indonesian subsidiary to comply with local rules on public float.
American Apparel Plans Restructuring, Doubtful of Fund Raising
Clothing retailer American Apparel announced plans to restructure its struggling business and admitted that it may not be able to raise the needed capital within the next 12 months.
Whole Foods Execs Apologize For Overcharging, Lay Out Improvement Plan
Following charges of overcharging at its New York stores, the top executives of grocery chain Whole Foods Market Inc apologized for unintentional mistakes that affected customers.
Kraft, Heinz Complete Merger, Cost Cuts to Follow
H.J. Heinz Co. and Kraft Foods Group Inc. completed on Thursday their merger to create one of the world's largest food and beverage company.
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