Monthly Archives: December 2014

New York Police Department Begins Wearing Cameras on Their Uniforms

In response to the lack of indictments on Darren Wilson and Daniel Pantaleo, large protests in major cities across the United States, including a protest that turned violent in San Diego and a protest that stopped traffic in downtown New … Continue reading

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TheStreet Inc. Called Out by Activist Investor

This week, J. Carno Canell, of Cannell Capital publicly aired his frustrations on the performance of TheStreet Inc. (TST:NASDAQ), which at the time of the letter was at $2.20 per share (it has since jumped to $2.40, a 9% increase). … Continue reading

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Merck To Buy Cubist Pharmaceuticals

Merck & Co. (MRK) is in talks to acquire Cubist Pharmaceuticals Inc. (CBST) a maker of antibiotics, in a deal valued at more than $7 billion, a person familiar with the matter said. This represents about a $100 a share, … Continue reading

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Oil Keeps Sliding

Crude-oil futures again slid to five-year lows Monday, pressured by forecasts that the market will remain over-supplied into 2015’s first half. On the New York Mercantile Exchange, crude futures were down to $63.44 a barrel, and oil futures on Friday … Continue reading

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Unemployment Rate Remained 5.8% , while 321,000 Jobs were Added

 The Labor Department reported on December 5th that nonfarm employers increased 321,000 jobs in November. This is the highest monthly increase since January 2012. Unemployment rate decreased 1.2% from November of last year, but remained constant since last month rate … Continue reading

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Uber: $1.2 Billion Funding and a Valuation of Over $41 Billion

Uber just finished raising $1.2 billion to continue its expansion throughout the world, specifically in the Asia Pacific Region. After this recent funding, Uber has an expected valuation of $41.2 billion. The startup has valuation higher than well-established companies like … Continue reading

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U.S. Sugar Prices on the Rise

Though the price of sugar in the global market hovered near five-year lows in September, prices in the U.S. have been on the rise while sugar is getting cheaper in most other places. Due to government policies that restrict imports … Continue reading

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