Ifo survey: Germany business confidence index down to 106.3 points in August

Nathan Andrada – Fourth Estate Cooperative Contributor Berlin, Germany (4E) – A closely watched survey of business climate in Germany declined to its lowest mark for over a year in August, according to data released Monday, as Europe’s largest economy continues...
Posted On 26 Aug 2014
, By

Roche purchases InterMune

Jose Castro – Fourth Estate Cooperative Contributor Basel, Switzerland (4E) – Roche, the Swiss pharmaceutical giant, had formalized an agreement to purchase InterMune for the price of USD8.3 billion. This is another move by the company to expand its product line and...
Posted On 25 Aug 2014
, By

Average Gas Prices Fall 4.7 Cents in PA

PENNSYLVANIA – Average retail gasoline prices in Pennsylvania have fallen 4.7 cents per gallon in the past week, averaging $3.45 per gallon yesterday, according to GasBuddy’s daily survey of 5,269 gas outlets in Pennsylvania. This compares with the national average...
Posted On 25 Aug 2014

Burger King to dine with Tim Hortons

Jose Castro – Fourth Estate Cooperative Contributor Oakville, Ontario, Canada (4E) – Burger King, whose flagship Whopper is amongst the best selling fast food items of all time, is now in discussion with Canadian donut and coffee magnate Tim Hortons. Should the deal...
Posted On 25 Aug 2014
, By

Yemen fuel subsidy cuts hit poor hardest

<img src="http://www.irinnews.org/images/ (IRIN) – A sharp increase in fuel prices threatens to plunge hundreds of thousands of Yemenis into poverty and food insecurity in the Arab world's poorest country – particularly if regular welfare payments to...
Posted On 25 Aug 2014
, By

Minnie’s Unique Boutique Hosts Grand Opening

DUBOIS – Minnie’s Unique Boutique hosted a grand opening Thursday, along with a ribbon cutting ceremony with the Greater DuBois Chamber of Commerce. Minnie’s is located in downtown DuBois diagonal from the DuBois Library. It will be open Wednesday through Saturday from 11...
Posted On 25 Aug 2014

Caltex Australia posts marginal 1 percent rise in profit; cuts additional 350 jobs

Nathan Andrada – Fourth Estate Cooperative Contributor Sydney, Australia (4E) – Caltex Australia said that it will cut 350 jobs as part of its cost-cutting efforts, after reporting just a 1 percent increase in its benchmark net profit for the six months through June...
Posted On 25 Aug 2014
, By

MBK Partners LP sells cable TV holdings to Ting Hsin for $2.33B

Nathan Andrada – Fourth Estate Cooperative Contributor Taipei, Taiwan (4E) – MBK Partners LP is expected to sell its stake in a Taiwan-based cable-television operator to a local consortium for at least 70bn New Taiwan dollars ($2.33bn), according to a source with...
Posted On 24 Aug 2014
, By

Sweden lowers economic growth, inflation rate forecasts for 2014

Nathan Andrada – Fourth Estate Cooperative Contributor Stockholm, Sweden (4E) – Sweden’s lowered its economic outlook and consumer price forecasts, according to a Finance Ministry report released Saturday. The country’s gross domestic product (GDP) is now...
Posted On 24 Aug 2014
, By

Uber car hiring flagged for non compliance issues

Jose Castro – Fourth Estate Cooperative Contributor Mumbai, India (4E) – India may prove to be an uphill climb for Uber Technologies Inc. The operators of this ground breaking application are now facing a closed avenue of business, after the Reserve Bank of India...
Posted On 23 Aug 2014
, By