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Short Sellers Bet Against Physical Retailers Pre-Holiday
Short Sellers Bet Against Physical Retailers Pre-Holiday
December 02, 2019  |  Investments

Short sellers have been betting against brick-and-mortar retailers ahead of the holiday shopping season. According to The Wall Street Journal, these investors have taken their...

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Regulators Green Light BB&T, SunTrust Merger To Form Truist
Regulators Green Light BB&T, SunTrust Merger To Form Truist
November 20, 2019  |  Regulation

BB&T and SunTrust have announced that they have received regulatory approval to complete their merger to become Truist Financial Corporation. The merger is expected to...

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Swedish Bank SEB Shares Tumble On Money Laundering Inquiry
Swedish Bank SEB Shares Tumble On Money Laundering Inquiry
November 15, 2019  |  Security & Fraud

Shares in Swedish bank SEB fell on Friday (Nov. 15) over news that it might soon be embroiled in a money-laundering scandal, which has also...

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Alibaba Files For Secondary $13.4B Listing In Hong Kong
Alibaba Files For Secondary $13.4B Listing In Hong Kong
November 13, 2019  |  Investments

China’s Alibaba Group has unveiled a secondary listing plan in Hong Kong dubbed “Project Tangerine” in an effort to raise about $13 billion, The Wall...

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Ex-Uber CEO Kalanick Offloads $540M In Co Stock
Ex-Uber CEO Kalanick Offloads $540M In Co Stock
November 11, 2019  |  Investments

Travis Kalanick, the former CEO of Uber who was ousted from the ridesharing company after a series of scandals, has offloaded about $500 million of...

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Wirecard To Buy China’s AllScore To Expand Cross-Border Licenses
Wirecard To Buy China’s AllScore To Expand Cross-Border Licenses
November 05, 2019  |  Partnerships / Acquisitions

Wirecard announced that it is set to gradually acquire all shares in Bejing-based AllScore Payment Services so it can expand into cross-border licenses. After the...

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Rakuten Expects To Lose $947M On Falling Lyft Shares
Rakuten Expects To Lose $947M On Falling Lyft Shares
November 05, 2019  |  Investments

Japan’s Rakuten has taken a huge loss on Lyft shares, according to Reuters. The company said it expects to lose 103 billion yen ($947 million)...

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Grubhub Crushed By Food Delivery Competition
Grubhub Crushed By Food Delivery Competition
October 29, 2019  |  Retail

Online food delivery is an increasingly competitive space for commerce, and the newest evidence comes from Grubhub. Its shares were tanking early this week after...

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Square Cash Offers Free In-App Stock Trading
Square Cash Offers Free In-App Stock Trading
October 24, 2019  |  Consumer Finance

The popular Cash app, owned by Square, now has the ability for users to buy and sell stocks. CNBC is reporting that customers who use...

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