Blog Profile / Business Insider: Money Game

Filed Under:Business & Finance
Posts on Regator:45471
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Archived Since:February 11, 2009

Blog Post Archive

STOCKS GO NOWHERE: Here's what you need to know (SPY, DJI, IXIC, PFE, AGN)

Stocks closed slightly lower on Monday, in a mixed session that saw the major indexes fall from the highs of the day in afternoon trading. But the interesting action today was in commodities, as gold, silver, and copper all sold off amid a dollar rally, and crude oil rebounded by $2 a barrel within a few minutes. Show More Summary

2 Wall Street firms have made billions betting on a hot consumer trend

A couple of private equity investors are set to make more than $3 billion on a big bet on increased spending on pets. Private equity firms TPG Capital and Leonard Green bought out retailer Petco in 2006 in a deal valued at more than $1.7 billion. Show More Summary

CVC and CPPIB to buy Petco for about $4.6 billion

(Reuters) - Private equity firm CVC Capital Partners Ltd and the Canada Pension Plan Investment Board said they had agreed to buy U.S. pet supplies retailer Petco Holdings Inc for about $4.6 billion. The two outbid other buyout firms...Show More Summary

Bernie Sanders calls the largest drug company takeover in history a 'disaster for American consumers'

Pfizer and Allergan just announced their plans for a $160 billion mega-merger. The merger allows Pfizer to relocate its headquarters to Ireland, where Allergan is incorporated and the tax rate for corporations is 12.5% — much less than the US corporate tax rate of 39.2%. Show More Summary

54 cars you need to see at the LA Auto Show

November's Los Angeles Auto Show will mark the official start of the 2015-2016 North American auto show season. Automakers from around the world will bring their latest and greatest design concepts and production cars to show off for the Southern California crowd. Show More Summary

Coinbase introduces Bitcoin debit card

Coinbase, one of the largest Bitcoin wallet providers, debuted a Visa-branded Bitcoin debit card Friday. The card will be the first widely-available Bitcoin debit card in the US, according to Wired. Users will be able to make fee-less...Show More Summary

NY authorities probing foreign exchange options market: source

NEW YORK (Reuters) - New York Attorney General Eric Schneiderman's office is investigating the posting of false bids and offers in the foreign exchange options market for emerging market currencies, a person familiar with the matter said on Monday. Show More Summary

A fund led by 'Diva of Distressed' Lynn Tilton has filed for bankruptcy

Lynn Tilton, the so-called 'Diva of Distressed', announced late Sunday November 22 that her Zohar I credit fund is filing for Chapter 11. The fund, which is structured as a collateralized loan obligation, or CLO, issued notes to investors and used the proceeds to make loans to companies owned by Tilton's Patriarch Partners. Show More Summary

David Cameron's new 'strike brigades' won't be ready to tackle ISIS for another 10 years

British Prime Minister David Cameron has just revealed the Strategic Defence and Security Review and he wants people to think that the armed forces are going to be better equipped to fight ISIS. Unfortunately, nothing in the review will be of much help if the Military is ever asked to intervene in Syria. Show More Summary

A New York City apartment is renting for $300,000 a month

In a city that's known for its sky-high rent, this penthouse apartment just may take the cake. Sitting atop the historic Lowell hotel on the Upper East Side of Manhattan, a three-bedroom suite will be available for a whopping $300,000 a month, according to the Wall Street Journal. Show More Summary

You can now buy shares of companies like Apple and Google in the grocery store checkout line

The next time you're in a Kmart, OfficeMax, Wegman's, Safeway, or another major retail chain, take a minute to peer at the gift cards by the register. Some might be for stock. Since early October, California-based company Stockpile has offered physical gift cards in stores to present loved ones with $25, $50, or $100 of stock ownership. Show More Summary

These economic 'swans' could rock the global markets

Societe Generale is out with its latest quarterly chart of "swan risks" that threaten to rock the global financial markets. For the most part, the risks remain unchanged from September. SocGen analysts reiterated that the two highest probability risks are a Brexit (45%) and an economic hard landing in China (30%). Show More Summary

How Allergan went from a tiny Los Angeles eye care company to the biggest takeover target of 2015 (ACT, AGN, PFE)

Allergan Plc, the drugmaker known for its best-seller Botox, agreed to merge with pharmaceutical giant Pfizer Inc. in a $160 billion deal. The company, which was recently created as a combination of Actavis Plc and Allergan Inc., appealed to Pfizer in part because of how it could help cut the drug giant's tax bill. Show More Summary

The largest takeover of the year is all about avoiding US taxes (PFE, act, AGN)

Pfizer just struck the largest ever takeover by a drugmaker, a $160 billion merger with Allergan. In addition to best-selling cosmetic drug, Botox, the deal gives Pfizer something it has been after for a while – a way to slash its tax bill. Show More Summary

Billionaire activist Paul Singer has taken a big stake in Alcoa (AA)

Elliott Management, the $27 billion hedge fund let by Paul Singer, has taken a large stake in aluminum maker Alcoa. According to CNBC's David Faber, Elliott now holds a 6.5% stake in the company. The stock was last trading up 2.9% at $8.96 per share. Show More Summary

E.coli outbreak looks set to infect Chipotle's same-outlet sales

By Yashaswini Swamynathan (Reuters) - Chipotle Mexican Grill Inc's fourth-quarter same-restaurant sales look set to decline for the first time since the burrito chain was spun off from McDonald's Corp in 2006, following an E.coli outbreak in its restaurants. Show More Summary

WALL STREET PAYDAY: Banks could reap up to $350 million on Pfizer-Allergan deal (PFE, AGN)

Pfizer is combining with Allergan in a deal worth $160 billion, in what will be the biggest M&A transaction of 2015. And it's great news for Wall Street. There could be more than $350 million in fees to be split up between the firms advising on the deal, according to Jeffrey Nassof of M&A consulting firm Freeman & Co. Show More Summary

Fed's Tarullo says worried about too-low inflation

WASHINGTON (Reuters) - Federal Reserve Governor Daniel Tarullo said on Monday that the path of rate hikes should be influenced by how much inflation moves towards the Fed's 2 percent target rate. "When we do raise rates it will be particularly...Show More Summary

Tyson Foods quarterly sales rise four percent

(Reuters) - Tyson Foods Inc, the biggest U.S. meat processor, reported a 4 percent rise in quarterly sales, helped by higher demand for chicken and as the Hillshire Brands acquisition boosted sales of prepared foods. Net income attributable to Tyson rose to $258 million, or 63 cents per share, in the fourth quarter ended Oct. Show More Summary

This map shows how some US corporations are worth more than the entire stock markets of other countries

Sometimes it helps to employ unconventional perspectives when thinking about the size of things. So here's a pretty awesome map from Bank of America Merrill Lynch comparing major US companies to entire emerging market stock indices. The big message here is that some US companies are worth roughly the same as entire emerging markets' stock markets. Show More Summary

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