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Xiaomi Sets Terms for $6.1 Billion Hong Kong IPO

Xiaomi Sets Terms for $6.1 Billion Hong Kong IPO

Xiaomi has set initial tentative terms for the world’s biggest initial public offering with potential to raise up to $6.1 billion in Hong Kong. The Chinese smartphone maker plan to offer 2.18 billion shares at HK$17 to HK$22 each, with talks w..

Market Gets Riskier and Bloomberg Proves it

Market Gets Riskier and Bloomberg Proves it

Bloomberg made one announcement in the morning only to make a complete turnaround in the evening. It announced during the starting hours that price increases by United Technologies and Caterpillar represented the bullish signs eagerly awaited by inv..

JPMorgan Warns Stock Market Could Fall by 40%

JPMorgan Warns Stock Market Could Fall by 40%

JPMorgan Chase & Co. (NYSE: JPM) executive Daniel Pinto warned equity markets could fall as much as 40 percent in the next two to three years, according to Bloomberg News."The equity market has some way to go for the next year to two,"..

Amazon in Talks with JPMorgan About Checking Accounts

Amazon in Talks with JPMorgan About Checking Accounts

Amazon.com Inc. (NASDAQ: AMZN) is in talks with JPMorgan Chase & Co. (NYSE: JPM) and other big banks such as Capital One Financial Corp. (NYSE: COF) about offering the tech giant a checking account for its customers, according to the Wall Street..

JPMorgan Introduces $20 Billion Investment Plan

JPMorgan Introduces $20 Billion Investment Plan

On Tuesday, JPMorgan Chase & Co. (NYSE: JPM) introduced a $20 billion investment plan aimed to hire more employees, hike wages, open new branches, as well as expand the business in order to take advantage of the U.S. tax law changes and a more p..

Mattel Shares Drop After Rejecting Hasbro Offer

Mattel Shares Drop After Rejecting Hasbro Offer

Mattel, Inc. (NASDAQ: MAT) shares fell in late trading following a rejection from the possible Hasbro, Inc. (NASDAQ: HAS) takeover, a deal that could’ve created the largest American toymaker. Mattel claims that the proposal undervalues the com..

Hasbro to Acquire Mattel

Hasbro to Acquire Mattel

Hasbro (NASDAQ: HAS) has announced plans to buy Mattel (NASDAQ: MAT) in an attempt to combine the two biggest U.S. toymakers in more than two decades. By uniting Hasbro’s My Little Pony, Nerf, and Monopoly brands with Matter’s Barbi..