Monthly Archives: February 2015

Pressure Builds to Weaken the Yuan

Investors see more decline in the Chinese Yuan, as the government is devaluing its tight controlled currency. The yuan’s losses reflects growing nervousness among investors about the future of the economy. China guided the currency to help draw in cash … Continue reading

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Samsung Buys U.S. Startup LoopPay

Samsung Electronics Co. said on 18th that it had acquired a U.S. startup LoopPay, whose technology would enhance the South Korean technology giant’s new mobile-payment service. Samsung executive confirmed that LoopPay would join Samsung’s mobile division, so Samsung could compete … Continue reading

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Valeant Pharmaceuticals Set To Buy Salix

This past Sunday, Valeant Pharmaceuticals announced that they will purchase Salix for approximately $10 Billion. Last year, Valeant failed to purchase target company Allergan Inc. Valeant will purchase Salix for $158 a share in cash, which is just above the … Continue reading

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Greece Receives a Bailout Extension from the Eurozone

Members of the Eurozone agreed to give Greece a 4-month extension on its bailout. The bailout was set to expire on February 28th but the extension removes immediate concerns that Greece will leave the Eurozone. Greece’s bailout has already damaged … Continue reading

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All Eyes on Yellen as Anticipation for Fed Rate Signal Increases

The rise of the interest rate benchmark by the Federal Reserve has been long awaited. Speculation on when the Fed will break away from the current Zero Interest Rate Policy has been ongoing for years. However, it seems more realistic … Continue reading

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Private Investment for Uber Increases by $1 Billion

Uber, the most popular ride-hailing service in a new wave of disruptive taxi service, has expanded its latest round of venture capital financing by $1 billion facing unexpected demand from institutional investors. Currently in the Series E round of new … Continue reading

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Rough week for American Express

American Express has been having a rough time due to its breakup with Costco which ended their 16 year relationship. That partnership gave them the power to be completely exclusive with the well known wholesale retailer. This accounted for roughly … Continue reading

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