General Motors is Close to a Deal on Opel

After appearing to be close to falling apart, a deal between General Motors and PSA Group for PSA to acquire GM’s European operations seems to be close. The two sides were having difficulty over the resolution of $10 billion in pension liabilities that Opel currently has as well as agreements on competing with General Motors in areas outside of More...

by David Duncan | Published 2 months ago
By David Duncan On Monday, February 27th, 2017
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Little New in Buffett’s Annual Letter

Acolytes of investor Warren Buffett eagerly await his letter to Berkshire Hathaway shareholders. With the Saturday release of this year’s letter, Buffett has now composed fifty-two of them, in which he ruminates More...

By David Duncan On Tuesday, February 21st, 2017
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Kraft Gives Up on Unilever while Restaurant Brands Buys Popeye’s

After getting a cool reception to its proposed merger with Unilever, Kraft decided to abandon its plans to buy the company for $50 per share. In a joint press release the two companies said the agreement to abandon More...

By Benjamin Comston On Saturday, February 18th, 2017
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Kraft Heinz Targeting Takeover of Unilever

If Kraft Heinz has its way, it’s about to get a whole lot bigger. This morning they announced that a bid was made by the company to acquire Unilever, a large global provider of food and personal products. Among More...

By Benjamin Comston On Saturday, February 18th, 2017
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Charlie Munger Continues Drawing Admirers at 93

Charlie Munger’s reputation has continued to grow over the years as more people realize the value of his rationality and acerbic wit. The billionaire became famous for being the long-time Vice Chairman of More...

By Viliyana Filipova On Wednesday, February 1st, 2017
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Charter Communications Sued for Slow Internet Speeds

New York Attorney General Eric Schneiderman has filed a lawsuit against internet provider Charter Communications that alleges that the behemoth company leased old equipment (routers) to customers which could not More...

By Viliyana Filipova On Thursday, January 19th, 2017
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Netflix Trumps Estimates with Millions of New Subscribers

Once considered on the decline, streaming service Netflix posted a whopping gain over estimates as expansion into other markets helped the company achieve tremendous subscribers over the latest period of reporting. More...

By Viliyana Filipova On Wednesday, January 18th, 2017
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Huge $1 Billion Investment by General Motors in USA

Huge automotive news this week as General Motors announced the investment of $1 billion in plants located in the United States. The news comes after President-Elect Donald Trump used Twitter to take a jab at the More...

By Viliyana Filipova On Tuesday, January 17th, 2017
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Tobacco Company Sold as British American Tobacco Buys Reynolds American

Another billion dollar deal has taken place in the marketplace with British American Tobacco (NYSEMKT:BTI) offering $49 billion for Reynolds American company (NYSE:RAI) on Tuesday. The brand manufacturer of popular More...

By Viliyana Filipova On Monday, January 16th, 2017
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Nintendo Switch Heating Up Gamers with New Console

Fresh off the recent frenzy around Christmas for consumers to located the $60 Nintendo gaming system which was packed full of old games like Donkey Kong, the company has released details about the new portable device More...

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