Month: September 2015

Beijing is considering injecting more than 1 trillion yuan ($16 billion) into the Chinese economy over the next three years, state news agency Xinhua said on Friday, citing a report from the China International Capital Corporation. According to the CICC report, the stimulus package will be between 1.2 trillion and 1.5 trillion yuan and is likely to drive a total potential investment of 5 trillion to 7 trillion yuan in the next three years. That’s as much as 3.4% of the 2015 gross domestic product each year. The investment projects will be funded by commercial lenders, private investors and policy banks, the report said. Earlier this week, China’s finance ministry said the country will roll out a “more forceful” fiscal policy to stimulate growth.

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Dangerous habits they spot on the job site and how to quit them …read more

From:: DIY this old house

A trick to save chips for future reference from The Snug …read more

From:: DIY this old house

This Old House landscape contractor Roger Cook helps a homeowner install a bluestone patio in an urban backyard …read more

From:: DIY this old house

A healthy dose of Craftsman detail and a cheerful color palette give a new back porch front-and-center personality …read more

From:: DIY this old house

Winnebago Industries Inc. said Thursday its interim Chief Executive Robert J. Olson will be stepping down Sept. 24. If the CEO position has not been filled by then, Chairman of the Board Larry Erickson will temporarily serve as chief executive. Shares of the motor-home manufacturer were flat in late trading Thursday after ending the regular session up 0.9%.

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From:: Stock Market News

Biopharmaceuticals giant Actelion Ltd. confirmed Thursday afternoon that it has held talks with potential acquisition target ZS Pharma Inc. Actelion, based in Switzerland, issued a brief statement that said it “has initiated preliminary discussions” with ZS Pharma, and that it would not give further comment. ZS Pharma issued a similar statement minutes later. “ZS Pharma regularly and routinely explores opportunities with various strategic partners and will continue to do so,” the statement read. “These discussions may or may not lead to any transaction.” Bloomberg News reported earlier Thursday that the two companies had discussed a deal that would value Texas-based ZS Pharma at $2.5 billion. ZS Pharma stock roared higher after the Bloomberg report, closing with a 28.4% gain at $74.73 that pushed the company’s market cap closer to $2 billion.

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From:: Stock Market News

Private-equity company Siris Capital Group has agreed to buy Premiere Global Services Inc. , or PGi, for about $1 billion, PGi said Thursday. Under the terms of the agreement, Siris will acquire all outstanding shares of the software company for $14 a share, a premium of 23% over PGi’s Thursday closing of $11.35. Shares of PGi soared 21% in after-hours trading after ending the regular session up 2.1%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Biopharmaceuticals giant Actelion Ltd. confirmed Thursday afternoon that it has held talks with potential acquisition target ZS Pharma Inc. Actelion, based in Switzerland, issued a brief statement that said it “has initiated preliminary discussions” with ZS Pharma, and that it would not give further comment. Bloomberg News reported earlier Thursday that the two companies had discussed a deal that would value Texas-based ZS Pharma at $2.5 billion. ZS Pharma stock roared higher after the Bloomberg report, closing with a 28.4% gain at $74.73 that pushed the company’s market cap closer to $2 billion.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

General Electric Co. said Thursday it has agreed to sell the transportation finance unit of GE Capital to BMO Financial Group as the conglomerate continues to shed financial businesses in a quest to increase profits and focus on the industrial side. With this transaction, the total for 2015 sales is approximately $85 billion, GE said. “We expect to reach sales agreements for the majority of our U.S. businesses by the end of this year and the sale of the Transportation Finance business, one of our core commercial lending and leasing businesses, gets us closer to that goal,” GE Capital Chief Executive Keith Sherin said in a statement. Terms of the deal were not disclosed. Shares of GE rose 0.1% in late trading after ending the regular session up 0.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News