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Hostess go into mediation with workers' union
Hostess BrandsTuesday November 20, 2012 11:53AM ET
The fate of the Hostess Brands will be a bit clearer after a hearing scheduled for 11 a.m., EST, on Wednesday. The company announced that a mediation with the Bakery, Confectionary, Tobacco and Grain Millers Union was unsuccessful.
Total sells 20% in Nigerian project to Sinopec for $2.5 billion
TotalMonday November 19, 2012 12:36PM ET
Total, a French energy company, has finalized the agreement to sell its 20% contractor interest in OML 138 block to a wholly owned subsidiary of China Petrochemical Corporation (Sinopec) for $2.5 billion in cash.
Cisco acquires Wi-Fi company Meraki for $1.2 billion
MerakiSunday November 18, 2012 7:09PM ET
Cisco announced that it will acquire Meraki Inc., a company that offers mid-market customers networking solutions that can be centrally managed from the cloud. The deal is worth $1.2 billion in cash.
Mittal Investments buys concrete business from Anglo American
MittalSunday November 18, 2012 5:01PM ET
Mittal Investments, the investment firm of the steel magnate Lakshmi N. Mittal, has bought a group of concrete plants from Anglo American for $452.7 million.
Volkswagen Group grows 25.4 percent in Americas
The Volkswagen GroupSunday November 18, 2012 5:01PM ET
The Volkswagen Group made a record sales: it delivered more than seven million vehicles for first time in period from January to October, with increase on the American continent of respectable 25.4 percent.
Port of Houston's idea worth $200 million
Port of HoustonSaturday November 17, 2012 3:31PM ET
The greater Houston region has 200 million reasons to be satisfied with the agreement The Port of Houston Authority reached with Princess Cruises and Norwegian Cruise Line. That's the amount the region will earn during a four-year period.
SEC: JPMorgan, Credit Suisse to pay $400 million
The Securities and Exchange CommissionFriday November 16, 2012 1:11PM ET
The Securities and Exchange Commission charged J.P. Morgan Securities and Credit Suisse Securities with misleading investors in offerings of residential mortgage-backed securities (RMBS). The firms agreed to settlements and they will pay more than $400 million combined.
BP to admit crimes and pay record $4.5 billion
BP Deepwater HorizonThursday November 15, 2012 5:01PM ET
BP will pay $4.5 billion over a period of six years as a consequence of the 2010 Deepwater Horizon oil spill. The company will also plead guilty to felony counts related to the deaths of 11 workers and obstruction of Congress.
Precision Castparts buys Titanium Metals for $2.9 billion
Precision Castparts (PCC)Sunday November 11, 2012 5:01PM ET
Precision Castparts (PCC) will acquire Titanium Metals Corporation for $16.50 per share in cash. The transaction values Titanium Metals Corporation (Timet) at a total value of approximately $2.9 billion.
Thanks to Apple, patents just became ridiculous
Apple patentThursday November 8, 2012 12:47PM ET
We hope that you are not producing anything that looks like a rectangle with rounded corners because sooner of later Apple will see you in court. Yes, Apple has been awarded a design patent for a rectangle with rounded corners.
U.S. Cellular to sell select Midwest markets to Sprint
U.S. CellularWednesday November 7, 2012 1:08PM ET
U.S. Cellular announced that it will sell its Chicago, St. Louis, central Illinois and three other Midwest markets to subsidiaries of Sprint Nextel Corporation for $480 million.
Suzuki to exit car business in the U.S.
SuzukiTuesday November 6, 2012 1:51PM ET
After 27 years Suzuki Motor Corp. will stop selling cars in the U.S. market, and will keep motorcycle, All-Terrain Vehicles and boat motors businesses. American Suzuki Motor Corporation, the company' U.S. arm, filled for bankruptcy protection.

 

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