The economic recovery may be revving up, but a growing number of Americans are still attached to the shackles of enormous debt levels. A new poll finds that consumers are so overwhelmed with debt that they feel they may not pay it off no matter how long they live. According to a … [Read more...]
Have bitcoin speculators come back to earth or is the ‘To the Moon’ sentiment still shared
The value of bitcoin (BTC) has been subjected to both discourse and speculation. Since bitcoin made its triumphant jump from a few dollars to as high as $1,200 late last year – it's now trading at around the $650 mark – many have pondered where the price of bitcoin might be in the … [Read more...]
Yahoo Executive Blake Irving Jumps Ship to Take the Helm at Godaddy
Former Yahoo! Inc. (NASDAQ:YHOO) chief product officer Blake Irving will take the helm at Go Daddy effective Jan. 7. The private web-hosting company has often been better known for its controversies—former CEO Bob Parsons videotaped himself killing an elephant and the company … [Read more...]
Virgin Atlantic Airways Sells 49% to Delta Air Lines to Boost Trans-Atlantic Reach
Delta Airlines (NYSE:DAL) is buying a 49% interest in Virgin Atlantic Airways for $360 million in a deal that will strengthen Delta's New York to London schedules, as well as bolster its presence in Europe. Eccentric billionaire Richard Branson will still own a 51% controlling … [Read more...]
HSBC Found Guilty of Money Laundering for Mexican Drug Cartels
The British bank, HSBC Holdings plc (ADR) (NYSE:HBC), said that it would be pay a record $1.9 billion to settle claims of the bank’s money laundering activities. The US government says that HSBC’s US unit accepted billions of dollars from the Mexican drug cartels, Iran, and other … [Read more...]
U.S. Officials Slap Standard Chartered with $327 Million Penalty
Standard Chartered (STAN:LN) will pay $327 million to settle federal and New York charges it laundered money on behalf of four sanctioned nations between 2001 and 2007. The US Treasury’s Office of Foreign Assets Control announced Dec. 10 will conclude a years-long investigation into … [Read more...]
McDonald’s Makes a Comeback with Impressive November Sales
McDonald’s Corporation (NYSE: MDO) announced Dec. 10 its global sales in restaurants opened at least 13 months rose 2.4 percent in November. The same figure in the U.S., however, increased by 2.5 percent, compared to just 1.4 percent in Europe. … [Read more...]
Finance
Filed Under: f by
Finance Study of money, and its various uses and applications. Concerned with determining value and carrying out decisions to profit. Encompasses management of resources, including acquisition, investment and disposal. … [Read more...]
