Budweiser maker Anheuser-Busch InBev announced Tuesday that it has reached an agreement with Miller maker SABMiller to join forces in the biggest beer deal of the decade. AB InBev raised its offer for SABMiller to $67.62 a share, valuing the company at over $109 billion. Show More Summary
KANSAS CITY, MO - SEPTEMBER 17: Jamaal Charles #25 of the Kansas City Chiefs rushes the ball during the game against the Denver Broncos at Arrowhead Stadium on September 17, 2015 in Kansas City, Missouri. (Photo by Ronald Martinez/Getty Images) The Kansas City Chiefs suffered two major losses against the Chicago [...]
Dell and EMC just announced a massive $67 billion merger deal Monday that's estimated to be the largest in tech history. According to a note by Daniel Ives at FBR, the EMC/Dell deal could be a "major wake-up call" to other big old tech companies. Show More Summary
We rate this acquisition an 8.7. Condé Nast, the media giant that owns Vogue, Vanity Fair, Wired and The New Yorker, announced Tuesday that it has acquired Pitchfork Media, the 20-year old online music publication that came to rivalShow More Summary
Federal Reserve chair Janet Yellen may have seen two of her closest allies give up on rate hikes this year. On Monday, Fed governor Lael Brainard said the way Janet Yellen and Stanley Fischer are talking about monetary policy is allShow More Summary
WASHINGTON (Reuters) - Federal Reserve Governor Daniel Tarullo said on Tuesday he doesn't expect the economy will be ready for an interest rate hike this year. "Right now my expectation is, given where I think the economy would go, I...Show More Summary
SABMiller has accepted a $104 billion takeover bid from InBev AB. This was the fifth offer made to the adult beverage company. AB InBev said it was willing in principle to pay 44 pounds in cash per SABMiller share, with a partial share...Show More Summary
Princeton University’s Angus Deaton wins the 2015 economics Nobel Prize for his work on consumption, poverty and welfare. ||| Stockholm - Economist Angus Deaton has won the 2015 economics Nobel Prize for his work on consumption, poverty and welfare that has helped governments to improve policy through tools such as household surveys and tax changes. Show More Summary
In this article published on Forbes.com, I examine President Obama's apology for the Doctors Without Borders tragedy that was as well-timed as circumstances allow. However, the rules of engagement must now be overhauled to prevent horrific reoccurances. Read the full story here.
For six years straight, the Fed has been trying to “trash” cash. First it cut interest rates to zero… making it so that savings deposits produced almost nothing in the way of interest income. Consider that at current rates, a retiree with $1 million in savings earns a measly $2,500 per year in interest income. Show More Summary
Florida's two Republican presidential candidates are set to invade New York City this week for a round of fundraisers, about two weeks ahead of the next Republican presidential debate. US Sen. Marco Rubio (R-Florida) is scheduled toShow More Summary
Daniel Fells #85 of the New York Giants at AT&T Stadium on September 13, 2015 in Arlington, Texas. (Photo by Ronald Martinez/Getty Images) Daniel Fells, the 32 year old Giant’s tight end, is fighting a serious MRSA type of Staph infection that may lead to amputation, and will almost certainly end [...]
It is good for stocks to see interest rates suppressed; money is driven into the stock market as a safe home, one with yield and chances for capital growth. But how long can this go on? Is it the new normal?
Shares of VMware (VMW) are down $2.77, or almost 4%, at $69.50, continuing to digest yesterday’s news that Dell will buy VMware’s majority shareholder, EMC (EMC), and VMware will become a tracking stock. While that tracking stock risks...Show More Summary
WASHINGTON (Reuters) - The number of Federal Reserve banks pushing the central bank to raise the rate it charges commercial banks for emergency loans rose to eight in September from five in July, minutes from the Fed's discount rate meeting showed. Show More Summary
Low commodity prices and strong pound keep prices subdued, signalling low interest rates to remain.
JPMorgan seems to have become the preeminent breeding ground for C-suite executives. Jamie Dimon has been in charge at the bank since before the financial crisis, and the current CEO clearly likes his job. That's resulted in other would-be...Show More Summary
The Los Angeles Dodgers are fielding some new prospects — in Silicon Beach. The baseball team has launched a business incubator program to cultivate a new generation of technology stars. Well-heeled companies often participate in incubator programs to provide seed money, office space and mentoring...
The Been Choice app aimed to block mobile ads from Apple devices. It sounded like a good idea but after approving the app to appear on its Store, Apple has since changed its mind.
When the Democratic presidential candidates take the debate stage in Las Vegas on Tuesday, the main attraction will be a clash between Hillary Rodham Clinton and Sen. Bernie Sanders, the Vermont socialist who has defied expectations with his surge in the polls and impressive fundraising haul. The...