Burger King is set to merge with the Tim Hortons restaurant chain. This was revealed recently by the US-based fast-food restaurant. The agreement is worth around $11 billion and will create the third biggest quick service restaurant in the world. The resulting company will have around $23 billion in sales along with over 18,000 outlets […]
The Alibaba IPO is set to be launched soon by the Chinese e-commerce giant, according to an unnamed source. The source revealed that the shares of the company may be traded by September 18 or 19 if its schedule is followed. Although the IPO was postponed to a date after Labor Day, the latest report […]
Despite the industry it is operating within, a company is always on the lookout for new strategies to reduce their overheads, and general operational expenditure. Larger companies, naturally have bigger budgets, and as such, do not need to place particular emphasis on cost-reduction techniques, as they focus more on increasing revenue. Such companies can afford […]
HTC Corporation revealed recently that its revenue for the month of July declined by nearly 33 percent compared to the same period last year. Revenues of the Taiwan-based company for July were at around $353 million, which is lower than its $522 million revenue for the same period last year. The revenues of the company […]
Fiverr recently received new funding as its website was redesigned to facilitate the delivery of services to clients. The company confirmed that it received an additional $30 million in funding recently. The online marketplace allows individuals to sell and purchase services at $5 per service. Micha Kaufman, CEO of the company, revealed that the company […]
Zillow is set to acquire Trulia in a deal worth $3.5 billion. The shareholders of Trulia will receive 0.444 shares of the online real estate aggregator for each stock they own in the stock-for-stock agreement. Around 67 percent of the company will be owned by the shareholders of Zillow while the remaining 33 percent will […]
It is expected that transactions and the evolution of new projects in the global hotel industry will take off in the next 12 month, also encouraged by investors in search of new opportunities of investment in this sector, as the EY-Global Hospitality Insights Top Thoughts for 2014 shows. What was in 2013 After some years […]
Same-store sales of Chipotle increased in the second quarter this year compared to the same period last year. An increase of 17.3 percent was recorded in stores that were open for at least a year. Shares of the restaurant chain also went up to $633.85 or by $54.57 due to the increase in same-store sales. […]
Citigroup Inc. will pay $84 million to Illinois as part of a $7 billion settlement for alleged sales of risky mortgage-backed securities affecting investors. Around $33.04 million will be paid to the Illinois Teachers’ Retirement System and $7.83 million will be paid to the Illinois State Board of Investment. The State Universities Retirement System will […]
As analysts revealed a possible increase in US interest rates, future gold prices declined with the decline in the demand for the precious metal as a hedge against inflation. The forecast of Goldman Sachs Group Inc for increased borrowing costs was amended from the first quarter of 2016 to the third quarter of next year […]
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