Square Files for IPO despite of $77.6 million loss
Square Inc. had filed for an IPO on Wednesday and the company is expected to be listed on NYSE soon. The company is currenlty valued at $6 billion by analysts.
Oct 16, 2015 1:21 AM EDT
Anheuser-Busch InBev's takeover of SABMiller to realign global beer industry
Anheuser-Busch InBev's plan to acquire SABMiller Plc is expected to change the business dynamics in the global beer industry. This titanic takeover is considered to be the largest one this year and fourth largest takeover in the corporate history. Anheuser-Busch InBev is acquiring SABMiller for $104.2 billion. The deal is awaiting regulatory approvals.
First Data Corp. Raises $2.56 Billion in Initial Public Offering
First Data Corp. managed to raise $2.56 billion worth of shares, but is still lower than the expected at $16 a share.
AltaGas LNG export plans on hold over import tax dispute
AltaGas Ltd has put its investment plan of C$600 million ($464mn) on hold over an ongoing dispute over tax on imported equipment. AltaGas has drawn a plan to export liquified natural gas (LNG), but couldn't take it forward as it's involved over a tax dispute with government. AltaGas expects a positive decision from government next month.
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KickStarter bans laser-powered razor campaign for lack of working prototype
Kickstarter has just banned Skarp's fundraising campaign for its failure to provide evidence of a working prototype. Skarp has since moved its campaign to IndieGogo.
Oct 15, 2015 10:28 PM EDT
Qatar vs Etihad Airways: Which has the best Business class?
Qatar and Etihad Airways are one of the leading airlines in the Middle East. When it comes to their Business class, the two airways had been showcasing their best services.
Oct 15, 2015 8:57 AM EDT
Singapore Airline Launch A350-900 Ultra-Long Range For Nonstop Flight to US
Singapore's flag carrier added A350-900 Ultra-Long Range on their existing firm orders for 63 A350-900s. The new aircraft will be used for the Singapore to US route since it has the capability to fly 19 hours flight.
Oct 15, 2015 8:53 AM EDT
National Geographic's Andrew Coleman in his Memorable Wildlife-Viewing Experience in Borneo
Borneo is the home of a great number of wildlife species. Andrew Coleman, the vice president of Digital at the National Geographic Travel and an avid photographer explores Borneo wildlife and documented his unforgettable encounters with the different endemic species.
Oct 15, 2015 8:49 AM EDT
American Airline Flight Attendants Booed by their Passengers as they Forced a Woman to Get off the Plane
A woman was ousted at the American Airlines after the flight attendants force her to get off. The reason shew was kick out because she didn't listen to a flight attendant telling her to sit down. The passengers of the airline witnessed the incident thinking the woman was unfairly force out.
Oct 15, 2015 8:45 AM EDT
Netflix blames 'involuntary churns' for dive in profits
Netflix said that the dropped in its subscriber for this quarter is mainly due to the "Involuntary Churns" when banks roll out new credit card for its customers. The company said in a letter to its shareholders after the company recorded a lower than expected revenue for its third quarter earnings.
Oct 15, 2015 8:41 AM EDT
Wal-Mart shares tumble as profit forecast to drop
Wal-Mart's stock tumbled on the Wall Street following the forecast of earnings drop in the range of 6-12 percent hammered down the market sentiment. Wal-Mart shares fell 10.04 percent or $6.70 to $60.03 indicating biggest fall in a day during the past three decades. The stock was already trading 22 percent lower before the latest drop.
Oct 15, 2015 8:31 AM EDT
Square suffers $5.7mn loss from single seller, files IPO
Payments startup Square is going for an initial public offer (IPO) and mentions in the filing to Securities Exchange Commission (SEC) that the fraud could be a major hurdle for it. Square was target of hacking as a single seller used its payment services resulting in a huge loss of $5.7mn for the e-Commerce startup.
Oct 15, 2015 8:20 AM EDT
Hongkong Palace, the Best Place to Eat Authentic Chinese Food in DC
While in DC and craving Chinese food, Hongkong Palace offers Chinese food that is surely authentic and delicious. There are a lot of choices in the menus and its surprisingly affordable.
Oct 15, 2015 8:18 AM EDT
Fairmont Hotels: 20% Off & $50 Daily Credit With Amex
Amex is offering cardholders discounts and credits at Fairmont Hotels. Clients can actually enjoy 20% slash off in the hotel's accommodations plus a $50 daily credit with the use of any Amex cards.
Oct 15, 2015 8:15 AM EDT
Twitter laid-off 336 global employees
Twitter started cutting jobs to 336 employees, mainly from the Engineering and Product departments globally. The ex-employees are entitled to receive their separation pay.
Oct 15, 2015 8:03 AM EDT
Amazon’s Hotel Booking Services: Amazon Gets Out Of The Hotel Booking Business After Only 6 Months
Apparently, Amazon's deals for hotel services and travel could be a great idea for users. But Amazon just recently announced that they would stop the hotel services after just 6 months of operation.
Oct 15, 2015 7:12 AM EDT
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