Computer and printer maker Hewlett-Packard Co. agreed Monday to acquire Wi-Fi gear maker Aruba Networks, Inc. for $24.67 per share in an all-cash deal valued at about $3 billion, and net of cash and debt about $2.7 billion. The deal combines Aruba's wireless mobility solutions with HP's wired switching solutions to create an enterprise mobility leader.
Sentiment on Wall Street is cautiously optimistic headed in Monday's trading. Strength overseas is boosting the market, helped by an unexpected rate cut by the People's Bank of China. However, there is some skepticism as to whether the major averages are ready to resume their upward momentum after mild profit taking late last week.
In an unexpected move, Islamic state released 19 christian captives - 16 men and 3 women, reports said. However, about 200 Assyrians are still in their custody. According to Assyrian Democratic Organization, the released captives reached the Church of Virgin Mary in Hassakeh.
ISIS has renewed its death threat to employees of micro-blogging site Twitter, Inc., particularly its co-founder Jack Dorsey. The threats are in retaliation for Twitter blocking accounts which are affiliated to or support the Islamic State. Twitter has a policy of barring users from posting threats or using the service for furthering of illegal activities.
Eurozone inflation remained negative for the third straight month in February due to falling energy prices. Nonetheless, the rate of decline in overall prices slowed more than expected, diluting fears of deepening deflation even before the European Central Bank practically starts bond purchase this month. The unemployment rate in the 19-nation currency bloc reached its lowest since April 2012.
What would be the impact of loosing an hour of sleep during the Daylight Saving Time? Many of you might be thinking it can have no significant impact on our life. But studies say you may be wrong.
Trading in the U.S. index futures suggests that Wall Street stocks may open Monday's session slightly higher after turning in a mixed performance last week. Earlier in the global trading day, Asian stocks closed mostly higher, as an unexpected rate cut by the People's Bank of China infused some optimism into the markets.
The European markets are set to open slightly lower on Monday following big gains in February that lifted Europe's main markets to record high closing levels last week. The euro hovers near a five-week low against the dollar as investors await further details on the ECB's 1 trillion euro ($1.1 trillion)...
Amgen's Kyprolis has demonstrated superiority over Takeda's Velcade in patients with relapsed multiple myeloma in a head-to-head clinical trial.
South Korean giant Samsung Electronics Co.'s launched its new flagship Galaxy S6 smartphone in two forms: regular and edge, which will sport a curved-edge display on both sides with a metal frame and glass body. Samsung unveiled the models in Barcelona on Sunday, ahead of the Mobile World Congress.
The FDA is warning consumers not to purchase or use the following weight loss supplements and sexual enhancement products as they have been found to contain hidden drug and chemical ingredients that can have serious side-effects.
Another month has come to a close, and here we bring you a list of new drugs that passed muster with the FDA in February.
With little time to spare, the House voted late Friday to approve a one-week extension of funding for the Department of Homeland Security. The House voted 357 to 60 in favor of the bill, which passed just two hours before the DHS was due to run out of funding at midnight.
While the Senate managed to pass a bill providing funding for the Department of Homeland Security for the next eight months, the House failed to approve even a modest short-term extension.
After ending the previous session mixed, stocks moved mostly lower over the course of the trading day on Friday. Selling pressure was relatively subdued, however, limiting the downside for the markets.