Monthly Archives: November 2013

Dropbox Is Said to Seek $250 Million in Funding, Doubling Its Valuation

Dropbox is seeking $250 million in funding that would value the company at more than $8 billion. The last time that Dropbox took on money was in October 2011 when it raised $250 million at a valuation of about $4 … Continue reading

Posted in Uncategorized | Tagged , | Leave a comment

J.P. Morgan Will Pay $13 billion to settle the mortgage case

On Tuesday, November 19, 2013, the Justice Department announced J.P. Morgan’s $13 billion settlement over selling mortgage investments. The agreement includes $4 billion to help homeowners in the Golden State and across the nation who are foreclosed or struggling to … Continue reading

Posted in Uncategorized | Tagged , | Leave a comment

EU Looks to Cap Dark-Pool Trading

European Union policymakers have reached a deal to cap trading in controversial off-exchange venues known as dark pools. Dark pools allow buyers and sellers to trade without moving the market – orders are not disclosed and deals only reported once … Continue reading

Posted in Uncategorized | Tagged , | Leave a comment

Chrysler to File IPO by Mid-December

Chrysler Group LLC is going forward with plans to file an IPO by mid-December. The company expects to set a price range for its initial public offering as early as this week and has named JP Morgan Chase and Bank … Continue reading

Posted in Uncategorized | Tagged , , , | Leave a comment

China to Establish Managed Floating-Rate Exchange System

Chinese government will increase the role of market exchange rates, and the central bank will basically exit from normal foreign-exchange market intervention without giving a time frame. The central bank will establish a managed floating exchange-rate system based upon market … Continue reading

Posted in Uncategorized | Tagged , | Leave a comment

Iran Agrees with Major Powers to Curb its Nuclear Program

Global power brokers convened in Geneva on Wednesday to find mutually acceptable common ground on Iran’s contentious nuclear program. At the last round of talks in November, a deal seemed possible but then floundered. Iran is being offered defrosted assets and the … Continue reading

Posted in Uncategorized | Tagged , | Leave a comment

Holiday Spending Indicates Economic Recovery and Fed Taper

Gas prices have been falling recently, which directly benefits the spending consumer. Retail sales rise as gasoline prices fall. Americans spent more freely in October, offering hope that the holiday shopping season won’t be as gloomy as many retailers feared. … Continue reading

Posted in Uncategorized | Tagged , | Leave a comment