Monthly Archives: December 2014

Barnes & Noble – Microsoft Breakup

Barnes & Noble ended its Nook partnership with Microsoft last Thursday buying out Microsoft’s 17.6% stake in Nook Media LLC for about $125 million in cash and stock. Microsoft invested $300 million in Barnes & Noble’s Nook division back in … Continue reading

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Redbox Plans on Raising Rental Rates

Redbox announced that they would raise the rates at which their customers can rent DVD’s by 25% and Blu-Ray’s by 33%. This sent the shares of parent company Outerwall up by 12% to $71.39. Executives believe that the plan should … Continue reading

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OPEC Plans On Maintaining Oil Output

The Organization of the Petroleum Exporting Countries decided to maintain levels of crude output at its meeting on Thursday. This lowered the U.S. benchmark oil prices to $66.15 a barrel, the lowest it’s been since September 2009. Energy stocks and … Continue reading

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China’s Rate Cut Helps Rally Global Markets

After a series of measures that failed to encourage banks to lend and companies to borrow more, China finally cut interest rates for the first time in more than two years. The interest rate-cut was initiated late on Friday last … Continue reading

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Twitter Co-Founder Sells Shares for the First Time

According to a Securities and Exchange Commission Filing late last Wednesday, Twitter’s co-founder and biggest individual shareholder, Evan Williams, sold 719,000 shares this past week at prices fluctuating from $39.83 to $40.00 a share. This equated to a total sale … Continue reading

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U.S. GDP Revision Shows Best Expansion in More Than a Decade

During the second and third quarters of this year, the economy has expanded at its fastest rate in more than a decade. The U.S. GDP grew at a seasonally adjusted annual rate of 3.9% in the third quarter, revising estimates … Continue reading

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Russia Strikes a Deal with China

Russia is seeking for a new economic and trade alliance with China. Russia’s economy has been facing some challenges mainly due to the various sanctions that limit Russian firms from exporting to Western countries. Due to the limited capital market … Continue reading

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