• Sempra Energy bids $9.45 billion for Oncor

    Sempra Energy bids $9.45 billion for Oncor

    Finance

    Oncor holds the Texas energy transmission assets of bankrupt giant Energy Futures Holdings. Shortly after, billionaire investor Paul Singer's Elliott Management Corp. Sempra has about 32 million customers in the U.S. and Mexico and employs about 16,000. NextEra sought to rework Oncor's ringfencing provisions to give it access to dividends from the regulated utility, but regulators balked at both attempts.
  • LTFRB allows Uber to file second appeal

    LTFRB allows Uber to file second appeal

    Finance

    In its motion for reconsideration to the transport authority, it said the suspension was a "blatant violation of USI's (Uber's) right to due process". American ride-sharing start-up Arcade City launched services in the Philipines on Wednesday, offering itself as an alternative to Uber but prompting an immediate regulatory crackdown.
  • German growth slower, but still strong ahead of election

    German growth slower, but still strong ahead of election

    Finance

    Germany's 0.6% growth figure was the same as the broader Eurozone . "The same holds for the export sector, where a stronger euro, weaker-than-expected US growth and Brexit uncertainty could take some wind out of the sails without bringing exports to a halt", Brzeski said.
  • Sprint shares rise on first quarter

    Sprint shares rise on first quarter

    Finance

    Sprint also scored 35,000 new pre-paid additions, up from a loss of 306,000 in the same period previous year, but less than the 291,000 prepaid additions in the preceding quarter. "Sprint reached an important milestone this quarter by returning to profitability for the first time in three years ", CEO Marcelo Claure said in a statement.
  • AstraZeneca shares plunge 16 percent on lung cancer failure

    AstraZeneca shares plunge 16 percent on lung cancer failure

    Finance

    The Phase III study - which is looking at how two of its lead IO drugs, Imfinzi and tremelimumab , work together in non-small-cell lung cancer patients - failed to meet the primary endpoint of improving progression-free survival compared to chemotherapy - the current standard of care.
  • Chocolate bars really are getting smaller, but don't blame Brexit

    Chocolate bars really are getting smaller, but don't blame Brexit

    Finance

    Brits with a sweet tooth might find the news a bit hard to swallow. The ONS found 2,529 products have been found to have shrunk in the past five years - mostly in food or drink - while just 614 packets got bigger. "But our analysis doesn't show a noticeable change following the referendum that would point towards a Brexit effect". It noted: "Furthermore, others (including Which? ) had been observing these shrinking pack sizes long before the European Union referendum, and several ...
  • Bharat Arun appointed Team India's bowling coach, confirms BCCI

    Bharat Arun appointed Team India's bowling coach, confirms BCCI

    Finance

    The 54-year-old had replaced Joe Dawes in 2014 and was there with the Indian team till 2016 when Shastri wasn't appointed coach and spin legend Kumble was handed the head coach's post. Whatever happened in the past should stay there. Now that Shastri is formally appointed as the India cricket team coach, BCCI Cricket Advisory Committee (CAC) member Tendulkar might be a happy man.
  • Kids' apparel retailer Gymboree closing 16 IL stores

    Kids' apparel retailer Gymboree closing 16 IL stores

    Finance

    Closing sales at affected stores are scheduled to begin next Tuesday. The chain is closing Central Florida stores at Altamonte Mall , West Oaks Mall in Ocoee and Seminole Town Center in Sanford. Gymboree once had a store at ShoppingTown Mall in DeWitt, which has closed. In Southern California, the company is shutting Gymboree stores in Los Angeles, Redondo Beach, Barstow, Carlsbad, El Cajon, El Centro, Santa Ana and Westminster; Crazy 8 stores in Corona and Westminster; and a Janie ...
  • Takata recalls another 2.7M airbags

    Takata recalls another 2.7M airbags

    Finance

    A medical examiner ruled his death accidental due to head trauma, according to a Hialeah police report. All told, 12 people in the USA and 17 worldwide have been killed by the defective inflators. Takata's nitrate-based air bags, which don't use the chemical additive, have been under recall since they were linked to multiple fatalities and injuries, leading to the largest auto recall in history.
  • Flight Attendant Smashes Wine Bottle on Unruly Passenger

    Flight Attendant Smashes Wine Bottle on Unruly Passenger

    Finance

    His attorney, Robert Flennaugh II, declined to comment, according to The AP. Delta flight attendants receive seven to eight weeks of initial training and recurrent training of which a "significant portion" focuses on the safety of passengers and flight attendants, according to a Delta spokesperson.