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Governor Alejandro Garcia Padilla of Puerto Rico declared that the US territory could not afford paying back its $US73 billion debt. He added that he intends to forge an agreement with creditors while convincing the US government to issue a decree that would permit the island to declare a special form of bankruptcy in order to dissolve some of its debts.
International creditors such as International Monetary Fund, European Central Bank and European Commission have demanded Greece to establish further austerity measures in the nation’s banking systems. However, the Greeks have overwhelmingly rejected the European Union's offer. And because of the bailout program, the Asian and global markets have exorbitantly slumped.
Duke Energy Corporation CEO Lynn Good received an increase in pay of more than $1.2 million a year after the coal ash spill because of her exemplary performance and leadership.
By now, the news of Greece's failure to repay the International Monetary Fund (IMF) is making waves in the financial world. Everyone is holding on to their seats, bracing themselves for what is going to happen
Each third Thursday of the month, old-timer and aspiring newbie growers of medical marijuana gather at the aged Williams Grange hall in a tiny rural valley in Oregon, long known for producing some of the finest cannabis.
Intel Corp. CEO Brian Krzanich announced Thursday that the company’s president, Renée J. James, will be resigning in January amid top management transition. The changes came as Intel Corp. has been hurt by declining sales of PCs that use its microprocessors. Its sales also prompted operational losses.
Facebook will begin sharing 55 percent of the revenue to video ad creators — a business move that will post a serious threat to YouTube.
Online digital payments giant PayPal is setting its course to acquire international money transfer service XOOM valued at $890 million.
Attorney General Herbert H. Siatery III made an announcement on Thursday, saying that the Federal Trade Commission finally approved the merging of Dollar Tree and Family Dollar.
Francis Bacon’s two self-portraits fetched a staggering £30 million at a Sotheby’s auction on Wednesday.
Amadeus is acquiring Accenture’s subsidiary, Navitaire, for $830 million in hopes of improving the connection among carriers in the same airline groups and their alliances.
Xiaomi has sold 34.7 million smartphones in the first half of 2015 which is a 33 percent increase compared to last year.
Brody Jenner seems to be more comfortable in having Caitlyn Jenner around. The 31-year-old reality television star candidly admits that his dad’s transition from being Bruce to Caitlyn is remarkably incredible. However, he also revealed that accepting the reality about his father’s transition wasn’t really so easy.
The first ever Rolling Stones exhibit in London will be unveiled at the Saatchi Gallery next year.
Biogen Inc. entered an agreement with Applied Genetic Technologies Corp. (AGTC) for $124 million in commercial rights and licenses to various gene-based therapies.