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Lockheed Martin Corp. files protest over U.S. Army's award of a $30B project to Oshkosh Corp

Lockheed Martin Corp. had filed a protest with U.S. Governemtn Accountability Office to overturn U.S. Army contract awarded to Oshkosh Corp. Results will be out on December 17.

Sep 11, 2015 8:45 AM EDT


Freeport-McMoRan hires JPMorgan to help explore options

Freeport-McMoran hires JP Morgan after activist investor Carl Icahn said that teh company is undervalued and in need of corporate change.

Sep 11, 2015 8:41 AM EDT


U.S. stocks scored high as investros wait for Fed decision

The S&P 500 gained 0.5 percent on Thursday evening with Apple Inc. stock, boosting the index with an increase of 2.2 percent. However, investors are still cautious as policy makers are set to hold a meeting next week to decide regarding rate hike.

Sep 11, 2015 8:36 AM EDT


GE sells transport finance unit to BMO

The US-based global major General Electric has decided to sel the transportation finance unit of GE Capital to BMO Financial Group. GE has decided to focus on its core industrial segment, while disposing non-interest business divisions. It has set a target of $100bn for 2015 through asset sale.

Sep 11, 2015 8:28 AM EDT


Kmart brings back layaway program, launches No Money Down Leasing for holiday shoppers

There are two options to purchase from Kmart this holiday season: the No Money Down Layaway Program and the No Money Down Leasing Program. The options which started last week will run until the end of November.

Sep 11, 2015 6:50 AM EDT


Nintendo partnered with Niantic to develop the real-world mobile game, Pokémon Go

The much-loved cartoon monsters on TV, Pokémon, will have its mobile game version in 2016. Nintendo tied up with Niantic to launch the free-to-play game Pokémon Go. Players could catch pocket monsters around their vicinity through their smartphone's location.

Sep 11, 2015 6:22 AM EDT


Apple TV Shows Promise, but It Still Doesn't Change the Way People Watch TV

The new Apple TV has a lot of promising features, including the Siri remote, but critics say it doesn’t really revolutionise the way people watch television.

Sep 11, 2015 6:19 AM EDT


Matahari Mall launches in Indonesia, with $500M funding from Lippo Group, Aims to be "Alibaba of Indonesia"

Matahari Mall officially launched Wednesday with ambitions to be the “Alibaba of Indonesia,” with $500 million funding from real estate giant Lippo Group.

Sep 11, 2015 6:11 AM EDT


Two Giant Debt Collectors Ordered to Refund a Collected $61million to Consumers

Two of the largest debt collection companies are ordered by the Consumer Financial Protection Bureau to refund a collected $61 million to customers for allegedly using deceptive strategies to collect debt.

Sep 11, 2015 5:50 AM EDT


Eravacycline test failure plunges Tetraphase shares

It is a disappointing share decline for Tetraphase Pharmaceuticals Inc. when its manufactured drug, eravacycline failed to proved its efficiency to cure bacteria called superbugs. It may be better than Merck's ertapenem but not with Johnson & Johnson's levofloxacin.

Sep 11, 2015 4:45 AM EDT


Broadcast Music Inc. Earned Industry-Breaking $1B Revenue, $877 Million of Which Went to Affiliates

Broadcast Music Inc (BMI) announced Tuesday that it surpassed the $1 billion revenue mark, generating $1.013 billion over the fiscal year, which is the biggest in the industry.

Sep 11, 2015 3:32 AM EDT


Buffett Dumps Exxon, Buys Refiner Phillips Stake Due to Falling Oil Prices

Warren Buffett sold Exxon Mobil Corp. shares and bought refiner Phillips 66 stake due to plummeting oil prices.

Sep 11, 2015 3:22 AM EDT


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