Canada-based publicly-traded pharma company Valeant Pharmaceuticals is looking to acquire US-based Salix pharmaceuticals beating out its competitor Endo Pharmaceuticals with a $173 a share cash offer. The revised offer by Valeant will boost the initial bid of $158 per share by around 10 percent...

Canada-based smartphone maker BlackBerry Ltd has won the dismissal of a US lawsuit which accused the company of fraudulently inflating its stock price. The lawsuit alleged that Blackberry created misleading data about the prospects of its BlackBerry 10 smartphone line. But the US district judge...

US-based e-commerce giant Amazon Inc is narrowing down on India as its next potential market with limited success in China, the world’s most populous country. With more than a decade of trials and tribulations to expand footprint in China, the company is now looking to list a variety of products...

Crowdfunding platforms are projected to go beyond $5 billion in 2015. Crowdfunding is an internet enabled model of business to collect investments from multiple individuals. No one can deny the key role of crowdfunding platforms in the world of digital entrepreneurship. The imaginative products...

Oil prices plunge based on the expectations that US crude oil inventories are likely to hit a new record high. Global oil & gas sector’s renaissance driven by US shale revolution has been facing major challenges due to drastic slide in crude oil prices. With US oil industry drilling at four...

Failure of Banking system has been a vital factor since 2008 financial crisis UK is entering a phase of deep political uncertainty as economic crunch makes way for constitutional turmoil. UK business investments have dropped at steepest rate in past 6 years in response to plunging global oil...

American hamburger chain McDonald's is struggling with its sales, thanks to a tectonic shift in consumer’s tastes as well as lifestyle choices, especially in its home country. The fast food retailer has announced recently that its sales continued to dip in February despite bringing in a new chief...

American vehicle manufacturing giant General Motors Co.  has announced Monday that it would opt for a $5 billion share buyback. The company has gone ahead with this landmark move to prevent further qualms with some of its investors. The company has also noted that it plans to maintain...