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The US economy showed signs of resilience as better-than-expected GDP growth and solid jobs data offset disappointing reports from major corporations. The US Labor Department reported 267,000 jobless claims, a 12,000 increase, while the GDP grew at a 2.3 percent annualized rate in the second quarter. The
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The chairman of Finsbury Park mosque has called for his institution to be removed from a confidential terrorism blacklist used by UK high street banks, accusing it of "alienating and demonising" the Muslim community. Mohammed Kozbar made the demand following a BBC Radio 4 documentary, which exposed how
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The merger of MPLX LP and MarkWest Energy Partners, L.P. marks a significant development in the midstream industry, solidifying MPLX's position as a leading player. The combined entity plans to maintain a "peer-leading" distribution growth profile of approximately 20 percent in years 2018 and 2019.
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Lockheed Martin reported a 6.5% increase in second-quarter earnings to $2.94 per share, exceeding analysts' expectations of $2.66 per share. The company's Q2 revenue rose 2.7% to $11.6 billion, also surpassing forecasts of $11.1 billion. Additionally, Lockheed Martin raised its 2015
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Yum! Brands, the parent company of KFC, Pizza Hut, and Taco Bell, is expected to report strong second quarter earnings before the market closes today. According to Thomson Reuters, the company is likely to earn 62 cents per share on revenue of $3.19 billion, a significant improvement from the
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Marathon Petroleum Corporation (MPC) has signed a definitive merger agreement with MarkWest Energy Partners, L.P. (MWE) to become a wholly owned subsidiary of MPLX LP, a midstream master limited partnership. The merger is expected to close in the fourth quarter of 2015, creating the fourth-largest MLP with $21 billion
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India's IT outsourcing firms are looking to capitalize on the anticipated growth in the US healthcare sector due to President Barack Obama's healthcare reform, commonly referred to as Obamacare. The industry, dominated by Tata Consultancy Services (TCS), Infosys, and Wipro, is expected to see revenue growth
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US natural gas futures decreased by 2.5% on Monday after an extended Fourth of July holiday weekend, as forecasts indicated steady, near-normal temperatures in the lower 48 US states, keeping cooling demand moderate. Amidst ample supplies and weak demand, next-day gas and power prices in several states reached record
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Adaptimmune Therapeutics, a clinical stage biopharmaceutical company focused on novel cancer immunotherapy products, has announced that the U.S. Food and Drug Administration (FDA) has accepted the Company's investigational new drug (IND) application for autologous genetically modified T-cells expressing enhanced T cell receptors (TCRs) specific for MAGE A10
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Nokia Networks, a global leader in telecommunications technology, has been selected by Bharti Airtel, a leading telecommunications company in India, to deliver 3G services for its 3G network rollout in 8 circles across India. The 4-year contract includes network planning, optimization, implementation, operations, and maintenance, as well as the provision
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Chinese companies, once absent from US research hubs, are now investing heavily in American researchers to create patents for new software, Internet infrastructure, and more. This push is part of China's shift from being the world's factory floor to a driver of innovation. The rapid growth
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Ashland Inc., a global leader in specialty chemical solutions, announced its entry into a new credit agreement with several major lenders. The agreement provides for a five-year senior unsecured revolving credit facility of $1.2 billion and a five-year senior unsecured term loan facility of $1.1 billion. A portion
