Category Archives: Corporate News

ZhongAn Plans IPO that Values Company at $10 Billion

ZhongAn Online Property & Casualty Insurance, China’s first online insurer, announced on September 17, 2017 that it plans to raise up to $1.5 billion in an initial public offering by tapping into investors interested in China’s financial-technology sector.  The company … Continue reading

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APPLE’S NEWEST IPHONE

The most highly anticipated iPhone is facing some production glitches which can create supply shortfalls before it is expected to sell September 22nd. Apple products already start off with short supply, but production glitches can lead to an even worse … Continue reading

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BLACKROCK’S CROSS-SELLING

BlackRock is the world’s largest money manager, close to their 30th anniversary, with $5.69 trillion in assets under management, is trying to decrease the gap with J.P. Morgan Chase & Co. through cross-selling. BlackRock is able cross-sell to clients because … Continue reading

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UNITED TECHNOLOGIES BUYS ROCKWELL & BOEING’S CONCERNS

United Technologies buys Rockwell Collins Inc. for $23 billion, making it the biggest aerospace deal ever. The price of Rockwell is at an 18% premium since before the deal, with United Technologies paying $140 a share and Rockwell investors getting … Continue reading

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Dollar General Earnings Report

Shares of Dollar General fell 4.5% on Thursday, after the discount retailer missed fiscal third-quarter profit and sales expectations. CEO Todd Vasos offered weak guidance and provided a downbeat outlook for the near term future. “The challenging retail environment that … Continue reading

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GoPro to Cut 15% of Jobs

GoPro plans to cut 200 jobs, or 15% of its workforce, after failed attempts by the company to expand beyond its core business of action cameras. The president, Tony Bates, is also leaving the company. The company has been struggling … Continue reading

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Beverage Industry is diversifying with new Acquisition Concoctions

Dr. Pepper Snapple Group Inc. and Pepsico Inc. are making moves to enter the “healthy beverage” industry as soft drink sales are declining for the 12th year in a row while also battling new taxation legislation. Dr. Pepper Snapple Group … Continue reading

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