Articles by Nish Amarnath
- Midwest Heat Wave Damages Crop Yields, Presses Food Prices
July 03 2012 9:48 AM
As the Midwest teeters from the impact of one of the most damaging heat waves in U.S. history, declining yields on crops could hurt the public by raising food and commodity prices to staggering proportions, according to commodities trading data.
- Global Pharma Giants Feed On Smaller Biotech Makers
July 02 2012 4:23 PM
Bristol-Myers Squibbs' takeover of Amylin follows the trend of pharma companies that are acquiring biotech companies to benefit from growing medical needs, offset patent losses and boost their internal pipeline productivity.
- U.S., Europe Stocks Rise, Asian Markets Mixed
July 02 2012 1:52 PM
U.S. stock markets started the second half of this year with an encouraging uptick before turning down in midday.
- This Time, Spain Won't Be Back In 10 Minutes
July 02 2012 11:51 AM
Europe's fourth-largest economy is putting millions of people out of work. This time, it won't be back in 10 minutes like the post-it notes of Spanish employees when they leave their desks for a half-hour coffee break every so often.
- Bank Of England Cracks Down On Cheating Banks
June 29 2012 5:41 PM
The Bank of England (BoE) is cracking down on large financial institutions to prevent them from cheating businesses and consumers worldwide -- a practice that has put a $360 trillion global financial market at serious risk for several years.
- India's Infrastructure Business Grows 4.6% In May
June 29 2012 4:35 PM
India's infrastructure business, which accounts for 38 percent of the country's industrial activity, grew 4.6 percent in May from a year earlier, government data released on Friday showed.
- Nomura To Slash Executive Pay In Wake of Insider Trading Scandal
June 29 2012 2:53 PM
Top Japanese securities firm Nomura Holdings, which has been caught in an insider trading scandal, will slash the compensation of its CEO, Kenichi Watanabe, and other top executives by as much as 50 percent for six months and lay off those involved in insider trading, the company said Friday.
- Abound Bankrupt; Third Government-Backed Solar Firm Goes Bust Within A Year
June 28 2012 6:41 PM
Abound Solar of Loveland, Colo., has become the third federally sponsored solar panel company to collapse in the past year, another blow to Obama's green energy and jobs efforts.
- Airbus Picks Alabama For First US Factory: Report
June 28 2012 4:04 PM
European airplane manufacturer Airbus SAS will build its first U.S. factory in Mobile, Ala., as it intensifies its competition with main rival, U.S.-based Boeing Co. (NYSE: BA), The Associated Press reported Thursday.
- Gold Prices Fall 1.8% On Euro Skepticism
June 28 2012 1:36 PM
Gold prices fell Thursday nearly 1.8 percent to $1,553.20, a new four-week low, in early afternoon trading amid pessimistic expectations of this week's European Union summit.
- Malaysia's Petronas Buys Progress Energy Resources For $5.35B
June 28 2012 12:46 PM
Malaysian natural oil and gas company Petroliam Nasional Bhd. (Petronas) paying $5.35 billion in cash for Canadian natural gas counterpart Progress Energy Resources Corp. (TSE:PRQ), the companies said Thursday.
- Curt Schilling's 38 Studios: Rhode Island On The Hook For $112 Million, Chafee Calls For Audit
June 27 2012 6:23 PM
Rhode Island taxpayers are on the hook for more than $100 million over the next eight years because of the collapse of 38 Studios, Former Red Sox and Phillies pitching ace Curt Schilling's video-game enterprise, which filed for bankruptcy earlier this month