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Abbott Laboratories Decides to Downsize

The new healthcare reforms and government regulators have recently increased their examination resulting in increased profit pressure for Pharmaceutical companies. Abbott Laboratories, on Wednesday, announced that it will cut at…

Duke Energy to Take Over and Merge Progress Energy for $13.7 Billion

Plans to create the largest power company in America are afoot as Duke Energy is purchasing Progress Energy Inc for $13.7 billion. However, the important question is whether regulators will…

Microsoft’s CEO Steve Ballmer Sold Shares Worth $1.3bn

Steve Ballmer, the Chief Executive of Microsoft Corp, has just sold about 12 per cent of the shares he owned in the company for $1.3bn. Mr. Ballmer stated that this…

Number of Home Foreclosures Hit 100,000 in September

RealtyTrac, a real estate data company, announced on Thursday that the number of houses being repossessed in the U.S. hit 100,000 in September. The company said that it’s the first…