Category: Finance
Yahoo Acquires Summly App From 17-Year-Old British Founder
Yahoo announced their acquisition of the mobile news aggregator application Summly from its 17-year-old founder as part of their bid to bolster their mobile service to regain their lost popularity. Yahoo bough the Summly application from Nick D’Alosio, who created the application that takes on any news story and provides a high quality 400-word summary. [...]
Dell Buyout: Carl Icahn And Blackstone Could Tie Up To Upset Michael Dell
Famed investors Carl Icahn revealed that a tie-up talk with Blackstone Group is being explored to challenge the buyout proposal made by Dell founder Michael Dell and his buyout-partner Silver Lake group. Michael Dell earlier announced that he and Silver Lake agreed on a partnership deal to purchase the company and make it a private [...]
Should I Get HSA or Traditional PPO Health Insurance Plan?
When choosing health insurance plans, most people go for the PPO since it offers low deductible and it is the default option offered by employers. Traditional PPO does provide the peace of mind with the low deductible, then the insurance company will pick up most of the tab thereafter. But is traditional PPO the [...]
Dell Buyout In Jeopardy After Carl Icahn Demands Higher Payout
The proposed buyout of Dell Inc. is now in serious jeopardy due to the growing number of shareholders opposing the said move that was initiated by founder and CEO Michael Dell. After being lambasted by the Dell’s biggest shareholders, investor Carl Icahn joined the fray and strongly said that Dell should remain a public company [...]
Dell Buyout Underscores Current State of PC Industry
Michael Dell successfully turned the company he founded into a private entity and away from Wall Street scrutiny, but experts believe that the buyout that was announced on Tuesday will not solve the growing troubles of the PC industry. Michael Dell announced on Tuesday that the company will go private in a $24.4 billion buyout [...]
Dell to Go Private in $24.4 Billion Deal
Dell announced on Tuesday that the company will go private in a $24.4 billion buyout deal that would put the company under the control of founder and CEO Michael Dell and investment firm Silver Lake. Under the terms of the deal, the investment group will pay $13.65 in cash per share, which is 25% more [...]
USPS Shipping Rate Increase on 1/27 Affects Small Businesses Including Paypal Users
USPS’s new shipping rate goes into effect today (Jan 27th, 2013). On average this increase could cost small business owners’ bottom line by about 3%. First class stamps will now cost 46 cents, increase from 45 cents that was in effect since last increase a year ago on January 22, 2012, and each additional ounce [...]
Income Tax: GOP and Kansas Governor Working to End It
While President Obama has been putting forth his fiscal proposals, which have been criticized by Republicans as relying on higher taxes and spending, Gov. Sam Brownback and other Republican legislators are working on their own legislation to do just the opposite. They want to eliminate the income tax in Kansas. Lawmakers in Kansas put forward [...]
Debt Ceiling Legislation Heading to Congress
Legislation to hold off the debt ceiling for four more months is said to go before congress in the days ahead, and President Obama has pledged to sign it if it passes. The Republican-controlled House of Representatives will vote Wednesday on whether or not to allow the suspension of the United States debt limit. House [...]
China Merchants Bank Consumer Credit Option: Help or Hurt?
[Photo Credit: The Mac Observer] Here in the United States, luxury is all part of the American experience. There are many Americans who work just to pay their bills and get by, but there are many who inherit their parents’ aristocratic status and spend their money on just about whatever suits their fancy. When middle-class and [...]