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Archive: (14 Stories)

Stryker buying Mako Surgical for about $1.41B

09/25/2013 6:50am
Stryker will spend $1.41 billion to acquire Mako Surgical and all of its robotic assisted surgery technology.

Lloyd's List to go fully digital by end of year

09/25/2013 8:09am
After 279 years in print, Lloyd's List, the shipping industry's bible, is going fully digital.

Foundation Medicine climbs after $106M IPO

09/25/2013 9:46am
Shares of Foundation Medicine surged Wednesday after the company's initial public offering raised $106 million before expenses.

UK seeks court action against EU banker bonus cap

09/25/2013 10:54am
Britain has filed a complaint with the European Union's top court in its quest to derail a new EU law that slaps a cap on bankers' bonuses.

News Summary: French budget tries to turn page

09/25/2013 11:07am
BUDGET CUTS: The French says it will cut the deficit by nearly 18 billion euros ($24 billion), 14.8 billion euros of which will come from spending cuts and the rest from taxes, as it aims spur growth and hiring.

Broker ICAP paying $87M to settle LIBOR charges

09/25/2013 11:11am
Britain's ICAP PLC has agreed to pay about $87 million to settle U.S. and U.K charges of manipulating a key global interest rate, the fourth financial firm sanctioned in the international rate-rigging scandal.

J.C. Penney shares plunge to new lows

09/25/2013 11:46am
J.C. Penney Co. shares are trading at their lowest level in nearly 13 years, as the department stores operator is facing a rough road ahead to turn around its business.

Starbucks files trademark application for 'Fizzio'

09/25/2013 1:25pm
Starbucks has filed a trademark application for the term "Fizzio" as it continues its test of carbonated drinks.

Belo shareholders approve Gannett deal

09/25/2013 1:33pm
Belo Corp. shareholders on Wednesday approved Gannett Co.'s proposed acquisition of the broadcast company.

Home and stock values boost US household wealth

09/25/2013 2:34pm
U.S. household net worth jumped $1.3 trillion in the spring, fueled by gains in home and stock values.

Nairobi attack puts spotlight on mall safety

09/25/2013 3:16pm
Some malls around the world have been scrambling to add security guards to look for suspicious people following a deadly attack on a shopping center in Nairobi over the weekend. But for other malls, it's been business as usual.

Citi paying $395M to Freddie for mortgage claims

09/25/2013 5:08pm
Citigroup Inc. has agreed to pay $395 million to Freddie Mac to settle claims on home loans it sold to the government-controlled mortgage finance company.

New airline union boss says not afraid of strikes

09/25/2013 5:08pm
The new leader of a major union in the airline industry says he'll increase lobbying, oppose outsourcing, and help unions strengthen ties to local communities.

Walmart stores still stocking Paula Deen items

09/25/2013 5:41pm
Despite Wal-Mart's July announcement that it ended its relationship with Paula Deen, the world's largest retailer said Wednesday that it expects to keep her branded cookware on the shelves through the end of the year.