Xerox-ACS to Initiate a $5.6 Billion Acquisition
Xerox Corp. Chief Executive Officer Ursula Burns revealed that her company will be proceeding with acquisitions, but not as large as the $5.6 billion acquisition of business process outsourcing firm Affiliated Computer Services Inc. that closed on Friday.
Loews Reports a Less than Expected Q4 Profit
Loews Corp. and its conglomerate CNA Financial Corp. insurance unit reported a fourth-quarter profit on Monday which was lesser that analysts' speculations as profit squeezed at its oil and gas drilling company, Diamond Offshore Drilling.
Range Resources Decides to Sell its Ohio Properties
Range Resources Corp. announced that it has reached a decision agreeing to sell its tight gas-sand properties in Ohio to EV Energy Partners LP (EVEP) and some institutional partnerships managed by EnerVest Ltd. for $330 million.
Lorillard Reports 6% Fell in its Q4 Profit
Lorillard Inc. on Monday reported that its fourth-quarter profit fell by 6% as the maker of Newport cigarettes encounters higher manufacturing costs, pension and legal expenses.
Still, the cigarette maker claims its full-year decline was much less than the 8.6 percent slip that was the industry average.
Nasdaq Reports 23% Rise in Profits
Nasdaq OMX Group Inc., the owner of the second-largest U. S. equity exchange, reported that fourth-quarter profit jumped 23 percent as it plunged expenses and charged some customers more to trade.
Viewing Deck Shut by World's Tallest Tower
On Monday, Dubai's Emaar Properties shared that the observation deck of the Burj Khalifa, the world's tallest tower, has been closed temporarily for maintenance purposes, a mere weeks after opening.
Peter Hancock Appointed by AIG to Oversee Risk and Derivatives Divisions
Official announcement have confirmed that the American International Group Inc. has appointed Peter Hancock, once described by an ex-employer as an "architect" of derivatives business, to overlook the group's finance and risk, in addition to the company's money-losing credit-default swap division.
Housing Starts Across Canada Record 5.8% Rise in January
Official figures have confirmed that for the month of January, Canadian housing starts managed to rise by a much-larger-than-estimated 5.8%, with gains seen in both single and multiple family residential properties, adding more evidence to the speculation that the housing sector is now well on the way to growth, in an otherwise unreliable and fragile economy.
Wi-LAN Announces To Sign Patent-Dispute Settlement With Telus
Technology licensing firm Wi-LAN Inc announced on Monday that it has signed a letter of intent to settle a lawsuit filed against it by Canada's No. 2 phone company Telus Corp.
Hasbro's Earnings for Year's Fourth-Quarter Beat Estimates, Shares Climb
Manufacturer of "Transformers" robot toys, Hasbro Inc., managed to rise by 7.5% in early trading, mainly on the back of posting fourth-quarter earnings that beat the average estimate pegged by analysts.
Additional Strikes Against Greek Government Threatened by Unions
On Monday, Greek civil servants issued a warning that they could call for more strikes if the Socialist Government goes ahead with the unveiling of the strict austerity measures in order to cut its deficit and curb the rapidly growing public debt.
Local Dentists Join Hands to "Give Kids A Smile"
On Friday, five of the local dentists went an extra mile to ensure that children's smiles are brightened. Free dental services to uninsured kids were provided by these dentists under the Give Kids A Smile program.
The initiative was a significant part of the Children's Dental Health Month.
Bill for Public Health Set to Hit All-Time High
For the first ever time, Government programs for the coming year will account for over 50% of the entire US healthcare spending, as has been predicted by federal actuaries, mainly on the back of a weak economy pushing more and more people into Medicaid, all the while slowing the growth of private insurance.
$2.5 Million Spent by Washington on Census Advertisements
Despite being faced with all-time high levels of red ink in the near future, Washington ended up spending $2.5 Million for census advertisements, by rolling these during the Super Bowl.
Health Experts Chalk Out 3 Easy Steps to Ensure Healthy Weight in Children
Health experts have been urging parents to try and curb the epidemic of childhood obesity by ensuring that some definite changes are made to the family's lifestyle, i. e., kids should be discouraged from spending too much time in front of the TV or the computer and should rather be encouraged to go out and indulge in some physical exercise.
After Toyota Recall Plants Back to Work
Toyota is going to start the production again in the wake of temporary shutdowns at the automaker's Woodstock and Cambridge assembly plants. Human Resources Manager, Roy Winger, says Toyota will return to the full production today with the same compliment of staff.
Vitran’s Sales Rises, Loss Falls
Reducing its fourth-quarter loss to $2.3-million and Vitran Corporation increased its revenue by 7%. Its revenue rose to $165 million from $154.2 million of the last year, in the three months ended on December 31.
Niko to Acquire Voyager Energy in $37.6-Million Stock Transaction
Niko Resources Limited has decided to buy Voyager Energy Limited which is private junior oil and Natural Gas Exploration Company and a partner in Niko's 2AB exploration block in Trinidad. 2AB Block is a shallow water exploration block which covers about 16,000 square kilometers off the coast of the country.
Vancouver Airport Closed due to “Targets of Interest”
Vancouver International Airport was closed to takeoffs and landings for 20 minutes on January 31 at 1: 15 p. m. due to reports of an unknown "target of interest", as has been revealed by a Transport Canada incident report.
Good News USA
Entertainment News
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- Walt Disney unveils its new ‘KeyChest’ “enabling technology”
- Rotten Tomatoes Sold to Flixster by News Corp
- NBC Latest Season of “Celebrity Apprentice” to be on Air by 14 March
- Viewing Costs and Choices Threatened by Cable TV Standoffs