Don Gil Carreon
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U.S., Other Markets to Get More Car Shipments as Demand in China Dips Amid China
German carmakers are considering shipping more vehicles to the United States rather than China as demand in the Asia nation is expected to slow due to its slumping economy and turbulent financial markets.
Syngenta on Lookout for Partners to Boost Business With Shareholders Upset Over Monsanto Rejection
Swiss agrichemicals firm Syngenta AG is on the lookout for partners that can improve its product offerings after it turned down the acquisition offer of U.S. seed seller Monsanto Co. despite a number of shareholders supporting the deal.
Ashley Madison CEO Resigns as Hackers Leak More Information Including Private Emails
The chief executive of Avid Life Media Inc., the company that owns infidelity website Ashley Madison has stepped down, has resigned weeks after hackers made public information of its 37 million subscribers.
10 Automakers Sued Over Keyless Ignitions Alleged Dangers
Already reeling from a massive recall for using deadly airbags, the automotive industry is facing another major safety issue with a lawsuit filed in the U.S. against 10 leading carmakers for keyless ignitions that allegedly concealed carbon monoxide poisoning and killed 13 people.
Intel Invests $60 Million in Chinese Drone Maker Yuneec, Sees Technology as a Game Changer
Intel Corp. invested $60 million in a drone company based in China as the chipmaker continues to bet that such devices will have commercial applications to offset the decline of the PC market.
McDonald's Refuses Burger King's McWhopper Offer for World Peace
Fast food giant McDonald's Corp. turned down the offer of rival Burger King for a one-day truce to collaborate on a "McWhopper" sandwich for World Peace Day, saying the two brands can do better than that.
China's Wanda Buys Ironman Triathlon, Expects Sport to Boom in Country
China's Dalian Wanda Group said on Thursday it will buy the company that owns the triathlon brand Ironman for $650 million due to its potential to lure participants in the country.
Panasonic Cuts 1,300 Jobs with Closure of China Factory, Focus on Electric Car Batteries
Japan's Panasonic Corp said on Thursday it will close a lithium-ion battery factory in Beijing and axe 1,300 jobs there as demand for the product slides, competition increases and with better opportunities available in electronic car batteries.
S&P 500 CEOs Average Compensation More Than 200 Times Bigger than Employee Pay
The compensation of chief executives of S&P 500 companies are 204 times higher on average than the median of their workers, a research by job-hunting website Glassdoor.com showed.
U.S. Economy Strength Seen in Positive Consumer Confidence, Housing Figures
Consumer confidence rose to a seven-month high in August, while sales of single-family homes rebounded in July, but these may not be enough to convince the Federal Reserve to hold off a raise hike amid continued market turmoil emanating from China.
Heavy Traffic Costs U.S. Economy $160 Billion, Drivers Lose 42 Hours Annually
Good news: more Americans have jobs with the economy growing. Bad news: more Americans with jobs are commuting and that makes traffic worse.
Exelon Bid to Acquire Pepco Blocked By Washington DC Regulators, Appeal Possible
Exelon Corp.'s bid to buy Pepco Holdings Inc. hit a snag after utilities regulators in the District of Columbia thumbed down the proposal saying possible benefits to consumers are outweighed by the potential harm the deal may cause.
Oshkosh Gets $6.75 Billion Contract to Build New Trucks to Replace U.S. Army's Humvees
Oshkosh Corp. won a $6.75 billion contract to supply the U.S. military 17,000 new light trucks, which is seen as an upgrade to its aging fleet of Humvees.
Strike in GM's Brazil Plant Ends as Plan to Cut 800 Jobs Halted
Employees at General Motors plant in Brazil have returned to work , ending on Monday a strike that lasted two weeks, after the company held off on a plan to cut almost 800 jobs.
Determined Monsanto Raises Bid for Syngenta, Swiss Firm's Board to Discuss Response
U.S.-based Monsanto Co. has raised its offer to buy Switzerland's Syngenta AG, putting the latter's value at $47 billion, in a bid to create one of the biggest agricultural companies in the world.