Men’s Warehouse Rejects Takeover Bid
Men’s Warehouse doesn’t like the way Jos. A. Bank thinks it looks. Jos. A. Bank, the men’s clothing giant with 500 stores across the U.S. and more than $1 billion in revenue last year, offered $2.3...
View ArticleJudge Appoints Monitor to Watch Over Apple’s E-Book Business
A U.S. District Court judge has appointed a monitor to oversee antitrust compliance in Apple’s e-book business. U.S. District Judge Denise Cote on Wednesday tapped Michael Bromwich to monitor Apple’s...
View ArticleJPMorgan Cancels Twitter Q&A After an Epic #Fail
JP Morgan Chase canceled an online Q&A with a senior executive planned for Thursday after being bombarded with hostile questions and jokes to its #AskJPM hashtag. The country’s largest bank by...
View ArticleHyundai To Sell Hydrogen-Powered SUV Next Year
Eleven years after George W. Bush announced that he was allocating more than $1 billion for hydrogen research, the hydrogen car is finally becoming a reality. Hyundai recently announced its plans to...
View ArticleHilton Prepares to Go Public With Largest-Ever Hotel IPO
When Hilton goes public, the world’s largest hotel company will have the world’s largest hotel IPO in history with an initial stock price of $20 per share. Hilton priced its initial public offering on...
View ArticleApple’s New Christmas Ad Might Actually Make You Cry
It must be a little dusty in here, because there’s something in our eye. Or maybe it’s because we were just watching Apple’s new holiday ad. The 90-second spot shows off the power of the new iPhone,...
View ArticleBitcoin Takes Nosedive After Change in China
China’s largest Bitcoin exchange stopped accepting renminbi deposits on Wednesday, causing the price of the virtual currency to drop dramatically. BTC China announced on Wednesday that it was forced to...
View ArticleOregon Politician Gets Prison Time For Facebook IPO Fraud
An Oregon politician was sentenced to six years in prison on Monday for fraud in connection with last year’s Facebook IPO. Craig Berkman, a former Republican candidate for governor in 1994, convinced...
View ArticleGold Hits Two-year Low After Fed Announces Stimulus Cut
The price of gold hit its lowest level in more than two years after the Federal Reserve announced that it would begin cutting back on its massive bond-buying to prop up the economy. The price of the...
View ArticleUber CEO on Surge Pricing: Get Used to It
The CEO of car-service app Uber has a message for riders who were enraged about high rates on New Year’s Eve and during snowstorms: put up with it, because it’s not going anywhere. In an interview with...
View ArticleFord Unveils a Car Made of Aluminum
Ford has unveiled the 2015 model of its most important vehicle, the F-150 pickup truck, with a drastic redesign: The body will now be made of aluminum. Previous versions of the F-150 were made of...
View ArticleA Huge Bitcoin Exchange Just Disappeared Into Thin Air
A major bitcoin exchange went offline late Monday evening, sending the value of the digital currency tumbling and feeding rampant speculation about its stability. The website for Mt. Gox, a bitcoin...
View ArticleBig Bitcoin Exchange Files for Bankruptcy
A major Bitcoin exchange filed for bankruptcy protection on Friday, providing a detailed account of the estimated losses from what was one of the world’s largest exchanges for the currency. In a news...
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