An announcement of an indefinite halt on withdrawals by Mt. Gox resulted to the lowest price level for the bitcoin in almost two months recently. The price of the digital currency went down to $595.74, which is 14 percent lower than the $692 final price on Friday. Societe Generale currency strategists said the current issue […]
Even as the estimated profit and sales of Herbalife for the fourth quarter surpassed industry estimates, questions were raised on the sales practices of the company by investor William Ackman. Shares of the company increased by six percent following an announcement by the company that its share repurchased program increased to $1.5 billion. However, following […]
Apple stocks declined by over 5 percent after sales of the iPhone did not meet expectations of analysts. Sales of the iPhone in first quarter of the 2014 fiscal year reached 51 million units, which was lower than the 55 million-unit estimate of analysts. Despite this, sales were higher than the 47.8 million unit sales […]
A report from Oxfam revealed that the eighty-five richest persons in the world have enough wealth equal to the wealth of half of the poorest people in the world. The report was published prior to the World Economic Forum that will be held in Davos, Switzerland. According to Oxfam executive director Winnie Byanyima, the increasing […]
Around $61 billion was offered by Charter Communications in its bid to acquire Time Warner Cable that would combine two of the biggest cable companies in the US. The offer included $37 billion in stock and cash while the reset would assume the debt of TWC. However, the offer was rejected by the board of […]
These days, taxi advertising has become a popular marketing tool for the business industry. When you go to various cities all over the world, you will be seeing taxis carrying advertisements for all niche in the business industry such as restaurants, apparel, hotels and even, personal hygiene products. The city where you can most commonly […]
Bitcoin prices surpassed the $1,000 mark following an announcement by Zynga that it may evaluate the use of the unregulated currency as a form of payment. The value of the digital currency has fluctuated in the past few weeks even as its use increased recently. The value of the currency dropped following an announcement by […]
Around $541 million in settlement claims will be paid by Wells Fargo & Co to Fannie Mae for faulty home loans. This will complete the efforts of the government-controlled mortgage company to reacquire loans that were made prior to the financial crisis. Buyback settlements with eight banks have reached around $6.5 billion, according to Fannie […]
The $55 per share of Men’s Wearhouse will be declined by Jos. A. Bank, which had earlier made an offer to acquire the company a number of weeks earlier. The steps taken by Men’s Wearhouse revived the self-styled Pac-Man defense, which is a popular 80s strategy where companies attempt to acquire a former suitor. However, […]
Following the three-year re-auditing of the financial statements of Herbalife by PricewaterhouseCoopers , shares of the seller of nutritional supplements increased by at least nine percent recently as it went up to $75. The increase came after the disclosure of the company that it received its re-audited financials. It also deals a blow to William […]
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