Category: Economy

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Dollar General raises bid to acquire Family Dollar to $9.7B

Dollar General made a $78.50 a share, or around $9.7bn, bid for rival Family Dollar Stores, according to the company's statement released Monday. The ...
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Bitcoin being studied for use by EBay’s Braintree

The Braintree unit of EBay, Inc, one of its electronic payments subsidiaries, is studying the use of Bitcoin in their payments systems. This was confi...
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U.S. industrial production up 0.4 percent in July; capacity utilization up

Industrial production in the U.S. climbed in July, an indication that the world's largest economy is likely to continue its growth in the second half ...
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Bitcoin ETF may be rescued by ‘Spiderwoman’

After their debacle on Facebook, the infamous Winklevoss twins are now latched on to an idea that may be saved by a woman deferentially known as 'Spid...
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U.S. first-time jobless claims up by 21K to 311K in Aug. 9 week

Initial claims for U.S. unemployment benefits climbed to a six-week high of 311,000, a gain of 21,000, which is higher than expected in the week ended...
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Pershing Square sues US government on bailout of mortgage firms

In a groundbreaking claim, Pershing Square Capital Management LP has filed a suit against the US Federal Government on the grounds that the terms of t...
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U.S. import prices down 0.2 percent in July

Overall U.S. import prices fell 0.2 percent in July from the previous month, while cost for imported goods remained flat in July, when excluding the d...
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WalMart earnings sputter, precursor of doldrums for the big box retailer?

The US Department of Commerce had set the tone, which was reiterated by the recent financial report released by the country's largest retailer, WalMar...
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Record number of IPOs this year: 188 so far

The number of initial public offerings this year is expected to surpass that of last year as 235 companies have filed for IPOs while 188 new stocks ar...
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Liquid Real Estate

Owning real estate directly has never been an easy endeavor; real estate can be a headache to manage and is capital intensive, typically requiring lar...