W McMullan

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Sticker Shock Coming at the Pump as Gas Prices Set to Spike

A problem at the largest refinery in the Midwest could lead to skyrocketing gas prices, with analysts predicting an increase between 50 and 75 cents a gallon.

Oil Refineries

India Sues Nestlé For $100 Million After Lead Found In Noodles

The country's food safety regulators called the noodles "hazardous for human consumption."<p>In an unprecedented move, India is seeking colossal damages from Nestlé following a massive food safety scandal.<p>Laboratory tests found unsafe levels of lead in Maggi Noodles, a popular brand of instant noodles …

India

Roche buys 'superbug' diagnostics firm for up to $425 million | Reuters

(Reuters) - Roche ROG.VX is buying U.S. diagnostics firm GeneWEAVE BioSciences for up to $425 million, expanding the Swiss group’s commitment to fighting so-called “superbugs” as the threat from drug-resistant microbes grows.<p>The logo of Swiss pharmaceutical company Roche is seen outside the …

Super Bug

Everyone's falling out of love with gold

It's not only the gold price under pressure at present - demand for the precious metal is falling fast.<p>A report released by the World Gold Council (WGC) earlier today showed demand dropped 12% to a six-year low of 914.9 tonnes during the June quarter.<p>The table below reveals demand fell across the …

Nestle net profit, sales down slightly in first half of year

PARIS (AP) — Food and drinks giant Nestle says sales and net profit declined slightly in the first half due to currency fluctuations and a recall of …

Nestlé

China and India are buying much less gold

Gold is losing its shine as interest from China and India fades.<p>Global demand dropped 12% during the second-quarter compared to a year earlier, a report from the World Gold Council Thursday showed.<p>China and India, the world's biggest gold buyers, were responsible for almost half the fall in demand …

Stock Markets

Tesla to raise another $500 million in stock offering

Facing an array of expansion costs, electric-car maker Tesla Motors said Thursday that it is going to raise $500 million through the sale of additional shares of common stock.<p>In a show of confidence, Tesla's statement says that CEO Elon Musk says he personally plans to snap up $20 million in …

Tesla

Alibaba’s Stock Is Taking a Beating

A year after its blockbuster IPO, Alibaba is facing significant headwinds that are making investors very nervous. After climbing to a high of $120 …

Daily Deal Roundup: Garda World explores $3-billion sale

<b>DEAL OF THE DAY: Garda World exploring potential sale</b><p>Montreal-based Garda World Security Corp is exploring a sale that could value it at more than $3-billion including debt, people familiar with the matter told Reuters. Garda is working with investment banks Bank of America Corp, Jefferies LLC and …

Investment bank Houlihan Lokey goes public to boost its profile

Houlihan Lokey Inc., a Los Angeles boutique investment bank that has advised some of the biggest debt restructurings in history -- the bankruptcies of Enron Corp., Lehman Bros. Holdings Inc. and WorldCom Inc., among them -- went public Thursday with an initial stock offering priced at $21 a …

Wall Street