Macquarie’s $3.4 Billion Cleco (CNL) Buyout Approved By Louisiana
The Louisiana Public Service Commission approved Monday the sale of Cleco Power to a group of investors led by Macquarie Infrastructure and Real Assets.
Asian Stocks Fall Ahead Of Japan Budget, US Fed Chairwoman Speech
Investors in Japan are watching the national budget, expected to be approved by the Parliament later Tuesday, while global investors watch for cues from the U.S. Federal Reserve.
Palmyra Ruins: Unesco World Heritage Site In Better Shape Than Expected
First images from the ancient Syrian city after government troops retook it from the Islamic State group show its historic ruins are less damaged than previously thought.
Merck (MRK)-Gilead (GILD) Hepatitis C Drug Patent Dispute: Jury Gives Unanimous Decision In Merck’s Favor
The San Jose, California, court is yet to decide the amount of damages Gilead Sciences would pay Merck and patent co-owner Ionis Pharmaceuticals.
Spotify To Launch In Indonesia On March 30, Japan And India Expansion Plans Afoot
The music streaming service is also reportedly looking at other big Asian markets, including Japan and India.
Colombia-FARC Peace Talks: Deadline To Sign Peace Deal Unlikely To Be Met
A deal between the Colombian government and the rebel group is likely to miss its self-imposed March 23 deadline.
Computer Malfunction Leaves Over 16,000 Stranded At Tokyo’s Haneda Airport
Japan’s All Nippon Airways had to cancel more than 120 flights Tuesday due to a glitch in the computer system that affected 48 airports in the country.
Earth Hour 2016: Fighting Climate Change, An Hour At A Time
This year will be the tenth edition of the global event, organized by World Wide Fund for Nature to raise awareness about climate change.
Most Asian Stock Markets Rally On Weak Dollar While Japan And Europe Slide
The rise in commodity prices, including crude oil, and loose monetary policy from many central banks contributed to positive sentiment across much of Asia.
Saudi Aramco, Royal Dutch Shell To Break Up Motiva Partnership
The agreement between two major oil giants, which has been in place since 2002, will break up their Motiva venture and split its refining and marketing businesses.
Toshiba Facing Two US Probes, Report Says; Stock Plunges In Tokyo
The Japanese conglomerate had admitted last year to inflating its reported profits by $1.3 billion over seven years.
Jose Cuervo, World’s Biggest Tequila Producer, Considering IPO, Report Says
The 220-year-old Jose Cuervo company has started talking with banks about an initial public offering in Mexico, a report said.
Caesars Entertainment (CZR) Could Face Up To $5.1B In Damages, Bankruptcy Examiner Says
The potential claims relate to a bankruptcy protection filing by Caesars Entertainment Operating Co. in January 2015.
US Stock Futures Trading Down Ahead Of FOMC Meet, Key Data Release
Key data from the United States, such as the producer price index, retail sales and housing market index are expected Tuesday.
Yuan Falls As China Moves Toward Tighter Currency Control
The country’s central bank has drafted rules that are meant to serve as a check on capital outflows, a report said.
Starwood Hotels (HOT) Receives Unsolicited Takeover Bid, Prefers Marriott (MAR) Acquisition
The proposal has come from a consortium led by Anbang Insurance Group, a Chinese company that already owns hotels in the U.S., including the Waldorf Astoria.
161 Chemical Attacks Since Syrian Civil War Began, Report Says
Since the Syrian civil war began five years ago, chemical weapons have killed almost 1,500 people in the country, according to a U.S.-based nonprofit.
Sequoia Capital Partner Michael Goguen Resigns Amid Sex Abuse Allegations
Michael Goguen, who resigned from the venture capital firm last week, calls the lawsuit against him a plan for vengeance.
China Vanke To Acquire Shenzhen Metro Stake For Up To $9.3B
China’s biggest property developer could spend up to $9.3 billion in a stock-and-cash deal to thwart a hostile takeover bid.
Top 10 Most Expensive Cities In The World To Live: EIU Report
An annual report from the Economist Intelligence Unit includes some of the usual suspects as well as some surprises.
China Economy: Industrial, Retail Data For January, February To Be Released Saturday
The world’s second-largest economy will release a slew of data points Saturday while top central bank officials will hold a press conference.
‘Dog Whisperer’ Cesar Millan Under Animal Cruelty Investigation
Cesar Millan is under investigation for an animal cruelty incident during the filming of his show, “Cesar 911.”
Amazon (AMZN) Builds Air Cargo Network By Leasing 20 Planes From ATSG (ATSG)
The e-commerce company signed a deal Wednesday with Air Transport Services Group to lease 20 Boeing 767 planes.
Record 140 Million Expected To Fly In US During Spring 2016, Trade Body Says
A report by aviation industry trade body said Wednesday that 140 million people were expected to fly in the United States during March and April 2016.
Duolingo: Free Language-Learning App Bets Big On India
The app, which has about 110 million users currently, may soon have half of its global user base from the world’s second-most populous country.
Brazil Petrobras Corruption Scandal: Former President Lula Detained For Questioning
Luiz Inácio Lula da Silva was detained Friday for questioning related to a corruption scandal at state-run oil company Petrobras.
Adidas Plans 3,000 Stores In China By 2020, Will Also Open More Specialty Stores
The German sportswear giant also plans to increase its presence to over 2,200 cities in Asia’s biggest economy.
Japan To Halt US Okinawa Base Relocation Work But Government Says Plan Intact
Protesters have been asking for the U.S. Futenma airbase to be removed entirely from Okinawa, instead of being relocated within the island.
China Pulls $129B From Financial System Amid Expectations Of Forex Stability And Rising Yuan
The move marked the largest weekly withdrawal the country’s central bank has made since 2013, while the yuan rose to its highest level in three weeks.
China To Increase Military Spending Budget By 7% To 8% In 2016
Last year, the Asian powerhouse had increased its defense allocation by 10.1 percent.