holdings

Sears Raises $100 Million in Financing & Cut $200 Million Costs

Sears Raises $100 Million in Financing & Cut $200 Million Costs

On Wednesday, Sears Holdings Corp (NASDAQ: SHLD) announced that they have secured $100 million in new financing and will try to cut an additional $200 million in costs this year as the retailer tries to regain footing after a big sales drop during t..

Apollo Nears Deal to for Fortress’ Equity in OneMain

Apollo Nears Deal to for Fortress’ Equity in OneMain

Apollo Global Management, LLC (NYSE: APO) along with Värde Partners, Inc. announced on Thursday that they have entered into a definitive agreement with Fortress Investment Group LLC to acquire its remaining equity interest in OneMain Holdings I..

Chanticleer Holdings to Use Blockchain for Customer Rewards Program

Chanticleer Holdings to Use Blockchain for Customer Rewards Program

On Tuesday, Chanticleer Holdings Inc. (NASDAQ: BURG), an owner of burger restaurants, announced that it planned to use MobivityMind, which is a blockchain-architected platform, for customer loyalty and rewards program. Shares of the company rose aro..

Roche Pharma Acquires Ignyta for $1.7 billion

Roche Pharma Acquires Ignyta for $1.7 billion

Roche Holdings entered into a definitive agreement  with Ignyta Inc. (NASDAQ: RXDX) to acquire the biotech company specialized in the oncology field. Under the agreement, Roche agreed to purchase Ignyta at a price of $27.00 per share in cash. I..

GNC Misses Earnings Expectations, Shares Drop

GNC Misses Earnings Expectations, Shares Drop

On Thursday, GNC Holdings Inc (NYSE: GNC) announced its financial results for the third quarter of 2017, with both earnings and revenues missing analysts’ estimates.The company reported revenue of $609.5 million, dropping 2.9% compared with th..

Malaysian Sukuk Finds Favor Among Chinese Companies

Malaysian Sukuk Finds Favor Among Chinese Companies

Chinese companies are increasingly sourcing funds through Malaysian Islamic bonds or Sukuk in Malaysia. The last two weeks of July witnessed a number of such financial arrangements, including the shoring up of Tadau Energy, a solar energy unit from ..

Paypal Announced partnership with Samsung Pay and Visa

Paypal Announced partnership with Samsung Pay and Visa

PayPal Holdings, Inc. (NASDAQ: PYPL), one of the world’s largest Internet payment companies, has announced a big move to expand its digital payment system as they will be partnering with Samsung Electronics. Samsung users will now be able to u..