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Costco Names Citi, Visa as Credit Partners
Mon, 02 Mar 2015 09:01:28 EST - Costco named Citigroup and Visa as its new credit partners, replacing American Express as the exclusive network at its stores beginning in April of next year.
H-P to Buy Aruba Networks for $2.7 Billion
Mon, 02 Mar 2015 09:44:58 EST - Hewlett-Packard agreed to buy Aruba Networks for about $2.7 billion in an all-cash deal aimed at bolstering the tech company’s wireless networking operations.
European Banks Draw Scrutiny Over Reciprocity
Mon, 02 Mar 2015 09:50:48 EST - Behind the scenes in Europe, banks regularly dole out lucrative work to their competitors, partly based on how much business they will receive in return.
Cardinal Health to Buy J&J's Heart Business for $1.94 Billion
Mon, 02 Mar 2015 09:19:04 EST - Cardinal Health agreed to acquire the heart-product business Cordis from Johnson & Johnson for $1.94 billion in cash, in a move aimed at strengthening its cardiology efforts.
NXP, Freescale Agree to Merger
Sun, 01 Mar 2015 21:30:45 EST - NXP Semiconductors and Freescale Semiconductor have agreed to merge in a deal that values Freescale at $11.8 billion and would create a combined company with a market value of more than $30 billion.
U.S. Consumer Spending Falls in January
Mon, 02 Mar 2015 09:24:22 EST - U.S. consumer spending fell in January for the second straight month due in part to the drop in gasoline prices, though inflation-adjusted outlays climbed.
Sony Mobile Unit Seeks Profit, Innovation
Mon, 02 Mar 2015 05:03:38 EST - Sony’s struggling mobile unit can’t be justified at a low profit margin and won’t tie itself to smartphones or even hardware, its new president says.
ARCP Restates Results After Accounting Issues
Mon, 02 Mar 2015 08:51:08 EST - An internal investigation at American Realty Capital Properties revealed weak controls over financial reporting and inappropriate payments made to an affiliated company controlled by former chairman and CEO Nicholas Schorsch.
RWE to Proceed With North Sea Gas Deal
Mon, 02 Mar 2015 09:51:46 EST - German utility RWE and an energy-investment fund led by Russian billionaire Mikhail Fridman signaled that they would proceed with a $5.6 billion deal for oil-and-gas fields over the U.K. government’s objections.
Fed Ushers in New Era of Uncertainty on Rates
Mon, 02 Mar 2015 09:39:51 EST - The Outlook: Investors are obsessing over when the Federal Reserve will start raising short-term rates. Drawing less scrutiny is where rates will end up in the long run and how they’ll get there. But it’s time to start paying attention.
Euro Rebounds on Upbeat Data
Mon, 02 Mar 2015 07:28:57 EST - A solid run of European data supported the euro, after the currency took a hit from a buoyant dollar, which came close to an 11-year high earlier in the day, supported by Beijing’s decision to cut interest rates.
Eurozone Consumer Prices Fall Again
Mon, 02 Mar 2015 06:54:45 EST - Eurozone consumer prices fell for the third straight month in February, although at a slower pace, while the jobless rate in January fell to its lowest level since early 2012.
Institutions Pour Cash Into Bond ETFs
Sun, 01 Mar 2015 21:21:40 EST - Abreast of the Market: Institutions are piling into exchange-traded bond funds at the fastest pace on record, driven by forces reshaping the increasingly illiquid corporate-debt market and their desire to stay nimble ahead of expected rate moves.
Ports Get Creative as Cargo Piles Up
Sun, 01 Mar 2015 21:30:19 EST - Southern California ports are thinking about ways they can speed things up after a labor dispute contributed to near gridlock in their operations. Cargomatic, a sort of Uber for cargo, is one solution.
Actavis Readies Big Bond Deal
Sun, 01 Mar 2015 21:17:20 EST - Pharmaceutical company Actavis PLC is expected to sell more than $20 billion in bonds as early as this week, a deal that would rank as the second-largest corporate bond ever and further propel bond sales this year into record territory.
FCC Tests Its Authority Over States
Mon, 02 Mar 2015 09:52:45 EST - The federal communications agency is using a new argument to override state laws limiting cities’ ability to run their own Internet service.
Orange Considers Potential Tie-Up With Telecom Italia
Mon, 02 Mar 2015 02:56:48 EST - France’s Orange is considering launching a bid to tie up with Telecom Italia in a sign that European telecommunications companies are continuing to push forward a wave of consolidation across the region.
Santander U.S. Unit to Name Powell CEO
Mon, 02 Mar 2015 00:19:10 EST - Santander Holdings USA is expected to announce as soon as Monday that Scott Powell, a former head of J.P. Morgan Chase’s consumer-banking operations, will become its new CEO.
Amgen Sees Positive Results From Kyprolis Study
Mon, 02 Mar 2015 00:28:30 EST - Amgen took a step forward in its efforts to make its Kyprolis cancer therapy a standard treatment for many multiple myeloma patients, saying the drug performed better than older rival Velcade in a study.

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