A recession is generally defined as two quarters of GDP contraction as noted by the Business Cycle Dating Committee of the National Bureau of Economic Research. The GDP contraction definition is narrow and cannot be used to define the recessions and depressions that occurred in the first 150 years after The United States was founded. [...]
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Abbott Labs (ABT) recently completed its acquisition of Indian company Piramal Healthcare Ltd.???s Healthcare Solutions business (Domestic Formulations) for $3.8 billion Read More
Houston-based merchant generator, Dynegy Inc. (DYN) is moving towards being acquired by an affiliate of The Blackstone Group L.P. (BX). Post-acquisition, Blackstone will sell a portion of Dynegy???s generation assets to NRG Energy Inc. (NRG). Read More
Defense contractor Raytheon Company (RTN) announced that its unit Raytheon Missile Systems Co. has won a contract worth $165.3 million from the U.S. Department of Defense. Read More
Shuffle Master Inc.???s (SHFL) fiscal 2010 third-quarter GAAP earnings grew 4.1% to $5.8 million from $5.6 million in the year-ago period. Excluding special items, earnings per share came in at 13 cents, which edged past the Zacks Consensus Estimate of 12 cents. Read More
