‘Business’ Archives
Gas Prices Expected To Decline For Labor Day
Over the past few weeks, crude oil prices have declined based on economic news, said Jessica Brady, manager of public relations for AAA Auto Club South, which tracks gas prices. Crude oil remained stable for the third consecutive week, because of concerns over the U.S. economic recovery and, in turn, the outlook for oil demand. Poor housing [...]
Intel To Purchase McAfee For $7.68 Billion
The semiconductor company, Intel Corporation, has entered into a definitive agreement to acquire all the common stock of McAfee, Inc at a price of $48 per share in cash. That tallies up to $7.68 billion. McAfee is a developer and distributor of computer and network security solutions. The offer price represents a premium of 60% to McAfee's [...]
China’s Sinopec Sees Oil Profits Rise
China’s state-owned Sinopec saw crude imports fall by 3.2% in July on year, the first decline seen in 16 months. The company warned growth rate in Chinese crude imports could fall in the second half of this year. Sinopec has benefited from the government's mandated fuel price hikes. However, this increase is below the rise in prices for crude [...]
