Zillow is set to acquire Trulia in a deal worth $3.5 billion. The shareholders of Trulia will receive 0.444 shares of the online real estate aggregator for each stock they own in the stock-for-stock agreement. Around 67 percent of the company will be owned by the shareholders of Zillow while the remaining 33 percent will […]
United States President Barack Obama lauded the new list of tougher sanctions imposed by the European Union against Russia this Tuesday in light of the Malaysian Airlines flight MH17 who was knocked down over Ukraine by Russian backed rebels. Barack Obama added that the United States will also impose a new set of sanctions on […]
Same-store sales of Chipotle increased in the second quarter this year compared to the same period last year. An increase of 17.3 percent was recorded in stores that were open for at least a year. Shares of the restaurant chain also went up to $633.85 or by $54.57 due to the increase in same-store sales. […]
The European Union failed to agree on a list of new sanctions for Vladimir Putin’s Russian Federation after the downing of the Malaysia Airlines jet over Ukraine. The plane was shot down by Russian backed rebels in Eastern Ukraine and caused the death of all on-board passengers most of which were EU citizens. Out of […]
Palestinian militants have managed to fire approximately 140 rockets from the Gaza Strip this Tuesday as a direct response to the Israel backed cease fire. Fighting thus continues in a conflict that has caused more than 200 deaths in the densely populated Gaza Strip enclave, in the short period of time since this conflict began. […]
Citigroup Inc. will pay $84 million to Illinois as part of a $7 billion settlement for alleged sales of risky mortgage-backed securities affecting investors. Around $33.04 million will be paid to the Illinois Teachers’ Retirement System and $7.83 million will be paid to the Illinois State Board of Investment. The State Universities Retirement System will […]
The US Attorney General Eric Holder said that the European Union must strengthen its anti-terror laws to prevent any attacks on the West from fighters returning from the Syrian civil war. Holder added that Syria has now become one of the best places for violent extremism in the world where both European and American jihadists […]
As analysts revealed a possible increase in US interest rates, future gold prices declined with the decline in the demand for the precious metal as a hedge against inflation. The forecast of Goldman Sachs Group Inc for increased borrowing costs was amended from the first quarter of 2016 to the third quarter of next year […]
Hewlett-Packard announced recently that it will settle lawsuits filed in connection to the $11.1 billion acquisition of Autonomy. Controversy has hounded the acquisition of the software maker by HP in 2011. The acquisition of the software maker led to lawsuits and investigations by the governments of the United States and the United Kingdom. This followed […]
This Tuesday marked the 17th anniversary of Hong-Kong’s return to Chinese sovereignty and departure of British rule. What was initially considered a celebration turned over the last decade and a half into one of the biggest pro-democracy protests in China. The main reason behind the protests is the interference of Beijing into the affairs and […]
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