Shares in Maytag gained over 9 percent to $16.91 in early-day trading in New York, while Whirlpool was up by over 5 percent on the announcement that Maytag will consider an unsolicited takeover bid from Whirlpool. Whirlpool’s bid of $1.3 billion is higher than the $1.125 billion bid from a group headed by Ripplewood Holdings [...]

A decision handed down by the US 9th Circuit Court of Appeals late Thursday afternoon that immediately ended the ban on importation of Canadian cattle into to the US due to fears of mad cow disease sent shares of Tyson Foods Inc. soaring on Friday morning. The stock gained 7.5 percent, or $1.39 to trade [...]

Southwest Airlines had an increase of 41 percent in net profits despite the increase in oil prices, and it has set a target of an additional increase of 15 percent for next year’s earnings. Net profits increased in the second quarter to $159 million, up from $113 million. Southwest, the largest US air carrier when [...]

UK-based leisure group Rank, which owns the Hard Rock Café chain, announced that it will delist from Nasdaq and end its registration with the US Securities and Exchange Commission. They will, however, continue to trade on the London Stock Exchange. In order to untangle itself from US exchanges, it will change its Articles of Association [...]

It has been revealed that AMC Entertainment and Loews Cineplex Entertainment will merge into the second-largest chain of movie theaters in the United States. Terms of the deal, which comes at a time when US movie attendance is at its lowest in nearly 10 years, were not made public, but when each company was purchased [...]

Legislation has been introduced in the United States that would require aircraft capable of carrying over 800 passengers to have the technology to combat weapons such as Stinger missiles. If passed by Congress and signed by President George W. Bush, it would mean that the A380, currently under development by European aircraft manufacturer Airbus, would [...]

A US company with the same name as an Indian airline scheduled to begin flights to the US on June 23 has alleged that the Indian company is tied to al-Qaeda. Jet Airways of India, based in Mumbai, currently has a 43 percent share of the domestic market in India and in it’s last phase [...]

The US Food and Drug Administration has confirmed that it investigating reports that up to 38 men who used the impotence drug Viagra have suffered vision loss. Pfizer, the company that makes Viagra and the largest pharmaceuticals group in the world, defended its product, saying that there is no evidence that the type of vision [...]

Hyundai has opened its first plant in the US, located in Montgomery, Alabama. It is a $1.1 billion facility that the company claims to be the most advanced in the world. Hyundai joins Honda and Mercedes in Alabama, to become the third foreign automobile manufacturer located there. Once the plant swings into full production, Alabama [...]

Warner Music Group stocks fell 7 percent Wednesday on the debut of its Initial Public Offering. This was seen as an expression of lack of faith in an unsettled music industry by investors. Among the factors that investors might be thinking about are the constant technological changes affecting the industry, the fact that the music [...]