Blackstone to acquire Manhattan's Stuyvesant Town for $5.3 Billion
Blackstone Group LP is nearing a deal to acquire the Manhattan's Stuyvesant Town for $5.3 billion and ending the housing crisis there. The company is set to sign a deal with the Mayor, Bill de Blasio and CWCapital this Tuesday
Oct 20, 2015 9:19 PM EDT
Alibaba does not want to be listed under "Notorious Market" list for this year
Alibaba representatives have been working hard to lobby the US Trade Representative not to include both Alibaba.com and Taobao in the agency's list for this year. The list contains all websites and store selling pirated goods is expected to be released by November this year.
U.S. DoT to enforce registry for drone owners in December
The Obama administration has created a task force to regulate the commercial flying of drones in America. Department of Transportation is targeting to implement it by Christmas this year.
Yearender U.S. holiday sales forecast, 2.8% increase
This coming holiday season, holiday sales will have a decent increase giving consumers more spending power. With the huge savings they got from the decline in oil and gas prices, they will surely enjoy shopping.
Latest News
West Virginia Introduces New Marketing Campaign By Using their Local National Parks to Increase Tourist Visitors
West Virginia is has a new marketing campaign to increase tourism in their region. They will make use of their National parks services for tourists promotions.
Oct 20, 2015 9:12 AM EDT
Square picks Jacqueline Reses ahead of IPO
Square has announced the appointment of Jacqueline Reses, outgoing chief development officer of Yahoo, as its head of its business financing division Square Capital. Square is in the process of going for an initial public offer (IPO).
Oct 20, 2015 2:36 AM EDT
Malaysia Property Stocks traded at 32 percent discount
Current global economy and political environtment had cause the Kuala Lumpur Stock Exchange to plunge in value. Among the worse performer is its property stocks which are currently traded at discounted price, giving big fund manager to buy more stocks.
Oct 19, 2015 6:52 PM EDT
Quindell spends £11M bid to bolster its own share price
Quindell Plc is investing heavily to jack up its own share price. It's estimated that the company has pumped in £11million so far to push up the share price on London Stock Exchange (LSE). The company has been intervening in the market to prevent steep fall of the share price, which has been tumbling for the past two years.
Oct 19, 2015 11:21 AM EDT
China dumping US debt as North America's domestic buying soars
The China's withdrawing from the US government debt is being overlooked as robust demand in the domestic market is increasing. Several US mutual funds have started buying treasuries at auction. The US investors are also increasing their buying. China is the largest foreign creditor with $1.4 trillion of US government debt.
Oct 19, 2015 11:19 AM EDT
Nestlé future forecast slit after missing nine months sales
Nestlé yearly sales growth has fallen short of its long-term target because of weak sales in Asia. The world's biggest manufacturer of packaged foods raised concerns over its position in major apparent markets.
Oct 19, 2015 7:19 AM EDT
Deutsche Bank restructures organizational unit and executive board
Deutsche Bank AG announced it is restructuring its organization and executive committee. This is a part of the 'Bank's Strategy 020'. The move is to address the changing and growing demand of its clients.
Oct 19, 2015 6:28 AM EDT
Amazon Destinations never made it far; halted 6 months after launch
Amazon Destinations, a hotel reservation service from Amazon.com shut down 6 months after launching.
Oct 19, 2015 2:31 AM EDT
First Data prices IPO at $16 per share: Highest for 2015, Lower than expected
First Data went public at $16 per share, the biggest this year, but is lower than the expected $18 to $20 per share.
Oct 19, 2015 2:07 AM EDT
Land of rising sun warms up to investors
Mainly five reasons -- attractive valuations, corporate developments, shareholders value, corporate earnings / RoE and Abenomics program-- are making Japanese financial markets attractive for overseas investors.
Oct 19, 2015 1:58 AM EDT
Silicon Valley IPO market logging off fast
The renewed concerns about possible technology bubble burst in the wake of the IPO market in Silicon Valley is fast losing its sheen. The dwindling down of market valuations is forcing many companies to cancel their IPOs or post pone the issue dates this is affecting the US capital market.
Oct 19, 2015 1:49 AM EDT
McDonald’s at a crossroads: Will it change its real estate structure?
The world's biggest fast food chain, Mc Donald's corporation, is close to make decision on what to do with its massive US real-estate holdings.
Oct 19, 2015 12:01 AM EDT