China is currently ahead of the US in the 5G race
All the hype about 5G is reaching a fever pitch. 5G or the fifth generation of wireless networks is faster…
Soon after Hilton exit, Blackstone grabs LaSalle Hotel for $4.8 billion
Three days after ending an 11-year association with Hilton Worldwide Holdings (HLT) by divesting its remaining stock in the hotel…
NextEra Energy inks a deal to acquire certain assets of Southern Company
Energy producer NextEra Energy (NEE) has agreed to acquire Southern company’s (SO) some assets including Florida City Gas, Gulf Power…
Microsoft acquires Semantic Machines to boost AI capabilities
The ever-increasing prominence of artificial intelligence gets another push from Microsoft Corp.’s (MSFT) purchase of AI start-up Semantics Machines in…
GE to merge transportation unit with Wabtec
General Electric (GE) has agreed to merge its transportation unit with rail equipment manufacturer Wabtec Corp. (WAB) in a deal…
Airliners are boarding this summer with caution
Brace for impact; the aviation sector is cruising into the busy summer season with fuel prices soaring at a higher…
Fifth Third Bancorp to buy MB Financial for $4.7 billion
Broadening its presence in the regional markets further, Fifth Third Bancorp (FITB) agreed to acquire MB Financial (MBFI) in a…
US households struggle to make ends meet
A large number of US families are still struggling to make ends meet despite favorable employment and economic trends. A…
Cambridge Analytica succumbs to data scandal; files for bankruptcy
There are many examples of thriving businesses getting embroiled in scandals that ultimately spoil their financial prospects, but rarely well-established…
Fox News appoints Suzanne Scott as its first female CEO
Suzanne Scott has been named Chief Executive Officer of Fox News and Fox Business Network. Scott, who was in charge…