It has been informed that gold futures dropped on Monday to end the longest rally in five weeks. It dropped because a 15-year high in US technology stocks slashed demand for the precious metal as a haven.
For the first time since 2000, the Nasdaq Composite Index mounted over 5,000 in a hope that consumer spending will progress. In the previous two years, gold fell 29% because the economy gained traction and global equities increased.
On Monday, United States pharmaceutical and medical equipment maker Johnson & Johnson announced that it will sell its Cordis vascular technology unit to Cardinal Health, health care services company based in Dublin, for $1.99 billion. The deal confirms the pharmaceutical and consumer packaged goods manufacturer's exit from the cardiovascular stent business.
According to reports, the deal consists of $1.944 billion of cash proceeds from Cardinal Health and about $46 million of retained net receivables. Currently, the Fortune 500 health care services company has been expanding its medical equipment offerings for doctors. Net revenue of Cordis in 2014 was about $780 million.
PayPal has acquired Newton-based mobile payments software company Paydiant. The acquisition has come few weeks after PayPal sacked out employees from its Boston office and also, ended ties with Start Tank.
Paydiant explained that its software allows retailers to have their own mobile payments wallet applications. With the help of unique and secure QR codes, the applications work. Sunway, Orange Peel, and the Merchant Customer Exchange (MCX) are among its customers.
Paydiant thinks that the deal will close by the end of this month or in April. It has huge expectations from the deal and thinks that PayPal's resources will help Paydiant to expand its boundaries of innovation.
Costco Wholesale Corp., American membership-only warehouse club, named Citigroup Inc. and Visa Inc. as its new credit partners On Monday.
Costco Wholesale Corp announced Citi, the world's largest issuer of consumer credit cards, would become the exclusive issuer of Costco's co-brand credit cards and Visa will replace American Express (AmEx) as the credit card network or Costco in the United States beginning April 1, 2016.
In February, AmEx said that it had been unable to reach a deal with Costco on renewal terms. It said that the 16-year partnership in which Costco only accepted AmEx cards will expire on March 31, 2016.
After the announcement, credit-card firms teamed up with the fast-expanding wholesale club, which sells everything from car tires to smoked salmon.
Bill Gates is on the top in Forbes magazine's annual list of the world's richest people. Facebook Inc.'s Mark Zuckerberg has been included in the top 20. And for the first time, basketball star Michael Jordan has also joined the list.
According to Forbes, Gate's net worth increased to $79.2 billion from $76 billion a year ago, as a result of which he reached the top position for the 16th year in the last 21. Mexico telecommunications industrialist Carlos Slim Helu has been put on second position, at $77.1 billion. And Berkshire Hathaway chief Warren Buffett was at third position, at $72.7 billion.
Stratos are looking forward to make your credit cards, debit cards, loyalty cards, and gift cards a thing of past. It will combine all of the cards in one.
Stratos is a kind of electronic 'smart' card that has assured the simplification of lives by slimming down our wallets and securing our personal information.
The working of this card is very simple. A corresponding mobile app will store all your current credit card information and will transmit to your Stratos Card whenever you want to pay. When you receive this card in the mail, it comes with a card reader that can be plugged into a phone's headphone jack.
You can load the card's information in the app by swiping a traditional credit card, debit card or gift card through the reader.
Not many people are having interest in Bill Gross's writing style, but his March investment outlook is worth reading for everyone who is struggling with several money related issues.
The latest investment outlook given by Bill Gross starts with a wacky touch. Gross in his outlook has asked 'If you were a dog, what kind would you be?'
But going further the outlook goes on to elaborate the topic that has become a theme for the former Pimco chief. He explains how actually ultra loose monetary policies by the world's largest central banks threaten traditional business models.
He further wrote that the phenomenon of negative yields throughout several European yield curves is particularly astonishing.
Hewlett-Packard is acquiring wireless networking company Aruba Networks. The company informed that Aruba will be acquired in a deal valued at $2.7 billion. Aruba Networks is a networking vendor selling enterprise wireless LAN and edge access networking equipment. Business of Aruba has grown because more people are making use of mobile devices at work, school and elsewhere.
This deal will possibly aid HP to compete with tech competitors like Cisco Systems. HP could also be helped to gain access to Asian markets, mainly in China. According to UBS analyst Amitabh Passi, Cisco presently sells about 50% of all commercial wireless networking gear worldwide. It has been estimated that HP and Aruba will collectively account for 20% of global sales for such systems.
New York Times reported that Hillary Clinton had used a personal email address to carry out government business during her four-year tenure as Secretary of State. She might possibly have violated requirements that her emails should be saved.
On Monday, the US State Department announced that it has been provided with emails from the time when Hillary was Secretary of State. The Times reported that her aides also did not take steps to save her emails on government servers as required by federal law.
According to The NY Times report, "Clinton did not have a government email address during her four-year tenure at the State Department. Her aides took no actions to have her personal emails preserved on department servers at the time, as required by the Federal Records Act".
It has been reported that Will Smith's latest movie 'Focus' grabbed the first position from 'Fifty Shades of grey' at the box office.
Despite its first position at the box office, the movie made a modest $19.1 million opening, which left several questions about the drawing power of the star.
Focus, from Warner Bros., easily topped above all its competitors on a weekend. But the movie had to face little competition at North American multiplexes.
The second place on the box office was scored by the Colin Firth spy thriller 'Kingsman: The Secret Service', which made $11.8 million in its third week of release.
According to the US media, Jennifer Lawrence will play lead role in Steven Spielberg's 'It's What I Do: A Photographer's Life of Love and War'. According to Variety, Warner Bros studio has won the rights for the film at an auction.
The film is based on a memoir by Lynsey Addario. It's a story about a war photographer Lynsey Addario, who reaches the most dangerous places of the world in order to search the truth. These days Lawrence is busy in shooting of her new film 'Joy', which will be released at Christmas.
Former rap mogul Marion 'Suge' Knight was taken to hospital after he told a judge that he was experiencing blindness and other health complications. It was the third time when he was taken to hospital since charges of a murder have been imposed on him.
Los Angeles Superior Court Judge James Brandlin heard from Knight that he had fired attorneys handling his case and he was not being provided with appropriate treatment in custody.
Knight, 49, was wearing glasses when appeared in the court. The Death Row Records co-founder said that he was unable to see anything from one eye and was having only 15% vision in his other eye.
Jedi has made a comeback in the Star Wars galaxy. In Monday night's first-season finale of Star Wars Rebels, a Disney XD animated series, Ahsoka Tano, an apprentice to Anakin Skywalker before his transformation into Darth Vader, was revealed as the mysterious hooded informant Fulcrum.
Ashley Eckstein has given voice to this female fan-favorite character, a part of the five seasons of Star Wars: The Clone Wars.
But, the series has finally come to an end on a cliffhanger with the teenage Ahsoka leaving the Jedi Temple and going her own way.
Philadelphia artist informed that that the portrait of former President Bill Clinton that he painted includes a shadow reference to Monica Lewinsky's infamous blue dress.
The artist said that at the left-hand side of it, there's a mantel in the Oval Office. "I put a shadow coming into the painting, and it does two things. It actually literally represents a shadow from a blue dress I had on a mannequin, that I had there while I was painting it, but not when he was there", he added.
Marijuana enthusiasts gathered in Washington to devise ways to capitalize on America’s evolving pot laws. As 23 states have legalized medical marijuana, billions of dollars are likely to be fuelled in for grabs in near future.
Laws have recently been enacted by Colorado, Washington state, Alaska, Oregon and the US capital to legalize medical marijuana. Now, there are vacant positions for grabs including marijuana bud tender, plant trimmers, cannabinoid research scientists and even genetic analysts.
Nicklaus Tilford, a Tennessee chef, said he had submitted his resume with a Washington-based medicinal marijuana grower for the position of a part-time junior gardener. He referred it as once-in-a-lifetime opportunity.
The Centers for Disease Control and Prevention (CDC) conducted a new survey on US high school students asking whether they have faced some type of violence from someone whom they have dated.
The survey was an updated one and included more questions, including sexual violence and brief information about violent behaviours. The survey results involving about 9,900 high school students unveiled that both the genders have faced sexual violence.
An estimated 7% of teen girls had faced physical violence and 6% experienced both. Around 21% of the participants unveiled that they have experienced some type of dating-related violence.
A study, recently published in the journal Brain, has revealed that a key hallmark of the Alzheimer's disease, the accumulation of an abnormal protein in the brain, can begin in people aged 20 years old, which is much younger than scientists have ever imagined.
The study has given the details about how accumulation of the protein amyloid can come up as a strong signal for the people who are at a greater risk for developing the neural degenerative disease.
On Monday, the pharmaceutical company headquartered in Dublin, Endo International PLC, announced to sell its men’s health and prostate businesses. According to the announcement made by the company, the businesses will be sold to Boston Scientific Corp., manufacturer and marketer of medical devices.
According to the company, it has agreed to sell the businesses for $1.6 billion. While confirming the purchase, Boston Scientific Corp. said that deal value includes additional $50 million in milestone based on 2016 sales.
As per reports, shares of Endo fell less than 1% in premarket trading as the global specialty healthcare company gave quiet guidance for the year. On the other side, after the purchase, shares of Boston Scientific climbed by more than 1%.
According to an international team of scientists, two strains of the virus out of four that can lead to AIDS come from gorillas in southwestern Cameroon. It has been reported by scientists in the studies published on Monday in the US. With this new information, scientists have come to know the origins of all strains of the HIV virus, which lead to the deadly disease-AIDS.
There are at least four strains of HIV (HIV-1) i.e. Groups M, N, O and P and each of the strains has its own origin. As per scientists, Groups M and N came from chimpanzees in Cameroon, whereas the origin of O and P strains had been unclear.
A new study has revealed about a procedure that alleviates the pain associated with migraines. The new treatment known as image-guided, intranasal sphenopalatine ganglion (SPG) blocks could now provide relief from unbearable headaches to migraine patients.
Radiologists from the from Albany Medical Center in collaboration with the State University New York Empire State College in Saratoga Springs, NY, who tested the interventional radiology treatment found that a single treatment can reduce migraine pain levels by about 35% nearly a month after the procedure.
For the study, a research team led by Dr. Kenneth Mandato, a radiologist in Albany, focused the pain levels and migraine symptoms on 112 patients who had an average age of 45 years.