McCormick raises 5p per share for taking over Premier Foods. McCormick is the “spice giant” of the United States, which was planning on taking over the Premier Foods at “60p” per share. However, keeping the value of “Mr Kipling to Oxo Cubes group at £1.5bn”, the former has raised the rate at “65p...

With the pending $160 billion merger of Pfizer Inc and Allergan Plc seen as a potential casualty, the U.S. Treasury Department took new steps on Monday to curb tax-avoiding corporate "inversions".   In what is termed as the largest inversion deal ever, there has been sharp political...

With the aim of becoming the top carrier on the U.S. West Coast and compete more effectively with larger airlines, Alaska Air Group Inc said that it would buy Virgin America Inc for $2.6 billion in cash.   A premium of about 86 percent from Virgin America's stock price before reports in...

In an attempt to generate quick money, Boeing decides to cut down on its job numbers. By the month of June 2016, the company of Boeing, an aeroplane maker, will be getting rid of “more than 4,500 jobs” in an attempt of cutting down costs keeping the “slowing demand for its jets” in mind, confirmed...

Saudi Arabia’s state oil company will accelerate the development of large deposits of oil ‘Hurais’ and will increase natural gas production by 2 times in the next 10 years. This was stated by Amin Nasser, CEO of Saudi Aramco. The company does not intend to cancel any project in the field of oil,...

Coca-Cola is looking for a new approach to the main issue of its business model: how to control the production and distribution without having to take them into possession. After several years of very slow development, Coca-Cola intends to sell its assets in distribution and manufacturing in the...

The TV Business of Samsung is not likely to see greater impact from its recent deal. The company of “Samsung Electronics Co Ltd (005930.KS)” have reported that the company is not looking forward to “major change” in its television business sector as a follow up to its “Hon Hai Precision Industry Co...

Coca-Cola intends to create a billion-dollar milk brand. The company has invested in the group Fairlife dairy farms that produce the same product. Filtered, rich in protein, lactose-free and almost sugarless, the milk is 2 times more expensive than regular milk. However, it does not stop the...

As the world’s biggest maker of cameras seeks new growth, Canon Inc. has agreed to buy Toshiba Corp.’s medical equipment unit for 665.5 billion yen ($5.9 billion).   Tokyo-based Canon said in a statement Thursday that the deal will be funded by existing cash and borrowings a day earlier,...