February 14, 2014
Jamaica Meets Latest IMF Targets
Jamaica met all of its quantitative performance targets and indicative targets for the end of December, according to the International Monetary Fund. The IMF, which recently concluded a nine-day mission to Jamaica, said it had reached “preliminary…
February 14, 2014
Tyre maker Bridgestone pleads guilty to price-fixing
Tyre maker Bridgestone has pleaded guilty to price-fixing and agreed to pay a $425m (£255m) fine to the US Department of Justice (DOJ). According to the charges, Bridgestone participated in raising the prices of anti-vibration rubber parts sold to…
February 14, 2014
Comcast buys rival Time Warner Cable for $45bn
Comcast has confirmed a deal to acquire Time Warner Cable for about $45bn (£27bn), creating a company that could control three-quarters of the US cable industry. Comcast will pay about $159 per share for its rival in an all-stock deal. The deal…
February 11, 2014
American World Clinics can bring US$450m to economy
American World Clinics’ model deploys the best in medical technology, facilities, and professionals with the majority of our physicians and surgeons being board certified United States-trained doctors. We believe this model allows us to fulfill our…
February 11, 2014
Investor Carl Icahn abandons Apple share buyback effort
Activist investor Carl Icahn has announced he sees "no reason to persist" in his attempt to force Apple to return more money to shareholders. Mr Icahn had been demanding Apple buy back $50bn (£30.5bn) of its shares. However, he said he was…
February 11, 2014
Facebook’s Mark Zuckerberg named top US philanthropist
Facebook founder Mark Zuckerberg and his wife Priscilla Chan have been named joint top US philanthropists for 2013. The couple gained the accolade after a donation of 18 million Facebook shares to a Silicon Valley foundation. The donation, worth…
February 11, 2014
‘Dumb’ Starbucks owner revealed to be comedy personality
The owner of a parody coffee shop in Los Angeles called "Dumb Starbucks" has been revealed to be Canadian television comedy personality Nathan Fielder. Mr Fielder appeared in person at the store to make the announcement, where he said there are…
February 11, 2014
UK seeing ‘right kind of growth’
The UK economy is starting to see the right kind of growth, says employers organisation the CBI. "Our forecast shows encouraging signs that business investment and net trade are starting to play their part," said CBI boss John Cridland. He said the…
February 3, 2014
Porsche board members face 1.8bn euros lawsuit
Porsche's chairman Wolfgang Porsche and board member Ferdinand Piech are being sued by seven hedge funds over its failed takeover bid for Volkswagen. They are seeking 1.8bn euros ($2.4bn; £1.5bn) in compensation. Porsche has been accused of…
February 2, 2014
Google poised to execute long-delayed stock split
Google is finally ready to split its stock for the first time, more than three years after co-founders Larry Page and Sergey Brin began discussing a move engineered to ensure they remain in control of the Internet's most powerful company. The…