General Electric Company (NYSE:GE) through its Capital Aviation Services unit announced today that it has penned a deal to acquire Milestone Aviation Group LLC, a helicopter lesser based in Dubai for a total of $1.78 billion. The deal is in line with the company’s plan of expanding its aircraft leasing operations to include helicopters. The…
Canadian Pacific Railway Limited (USA) (CP) and CSX Corporation (CSX) Are Potential Merger Candidates
In one of the most interesting revelations of the week from Wall Street Journal, Canadian Pacific Railway Limited (USA) (NYSE:CP) is known to approach CSX Corporation (NYSE:CSX) for a potential merger between the two railroad operators. According to WSJ, Canadian Pacific Railway made the offer last week only to have it rejected by CSX management,…
The Boeing Company (BA) Got $4.9 Billion 737 MAX Fleet Order from Garuda Indonesia
The Boeing Company (NYSE:BA) got an order of 50 737 Max 8s from Garuda Indonesia, the Indonesian flag carrier airline. The agreement comes with a $4.9 billion price tag and it will allow the Indonesian airlines to meet its market demands. According to the news release from Boeing, Garuda Indonesia is going to purchase 46…
FedEx Corporation (FDX)’s New Jersey Workers Say No to Teamsters Union
It was a sigh of relief for FedEx Corporation (NYSE:FDX) when its New Jersey facility workers voted against Teamsters’ union membership on Friday. It was a huge setback for Teamsters Union considering they already had FedEx Freight pilots joining their team in September 2014. FedEx welcomed the move of its drivers to vote against the…
Time Warner Inc (TWX)’s CEO Has A Tough Time Ahead After Deserting Twenty-First Century Fox Inc (FOXA)’s Bid
Time Warner Inc (NYSE:TWX) does have a tough time ahead after rejecting the acquisition offer from Twenty-First Century Fox Inc (NASDAQ:FOXA). With only a few days left in the analyst and investor meet, the management has some serious thinking to do before facing the shareholders. It may not seem impossible as The Walt Disney Company…
Family Dollar Stores, Inc. (FDO) Profit Narrows as Dollar General Corp. (DG) Pressures on With Acquisition
Family Dollar Stores, Inc. (NYSE:FDO) reported narrower net profit margin than what analysts had expected. The company reported 66% lower profit, saying that its financial performance had been significantly affected by price reduction meant to attract more shoppers. The retailer, which has been spurning an acquisition effort by Dollar General Corp. (NYSE:DG), also said that…
J C Penney Company Inc (JCP) Loses Nearly 11% Share Value Post Lower Same-Store Sales Forecast
The shares of the struggling retailer, J C Penney Company Inc (NYSE:JCP), tanked 10.88% after the company announced a lower same-store sales forecast for Q3 2014. The company stated lower sales in September as the primary reason for cutting its sales forecast. After the much awaited analyst day announcements from the retailer, the management announced…
McDonald’s Corporation (MCD) Japan Projects $157 Million Net Loss in 2014
McDonald’s Corporation (NYSE:MCD) Japan has forecasted a net loss of up to $157 million ( ¥17B) this year, for the first time in 11 years. The expected loss has been attributed to the troubles the company has faced with a Chinese supplier; something that has had negative impact on the company’s sales and increased expenses.…
Hilton Worldwide Holdings Inc (HLT) Ready to Sell Its Landmark Waldorf Astoria Hotel to Chinese Insurer
Hilton Worldwide Holdings Inc (NYSE:HLT) announced that it has entered an agreement with the Chinese insurer, Anbang Insurance Group Co. to sell its landmark Waldorf Astoria Hotel in Manhattan for $1.95 billion. Anbang Insurance Group Co. agreed to give 100 years management agreement to operate the hotel to the Hilton group under which, the hotel…
Burger King Worldwide Inc (BKW) Wins Morgan Stanley (MS)’s Support over Arch-Rival McDonalds Corporation (MCD)
Who would have imagined that the rampant cola-war would one day be replaced with burger-war wherein a gigantic global behemoth named McDonalds Corporation (NYSE:MCD) will find itself pitted against a local chain named Burger King Worldwide Inc (NYSE:BKW)? This is indeed the scenario wherein the USA-centric Burger King Worldwide Inc (NYSE:BKW) received a thumbs-up from…