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Barclays to Bail Out Detroit, $275 Million

Barclays has agreed to lend the city of Detroit $275 million to help finance the city’s operations as they emerge from bankruptcy, this according to documents filed for bankruptcy court. The agreement requires that Michigan Finance Authority issue financial recovery bonds in the amount being lent, and that Barclays buy those bonds at an underwriter’s […]


New 2015 Corvette: How Much Can You Expect to Pay

The brand new 2015 Chevrolet Corvette will be available in a dealership soon and know fans of this sports car know how much one will cost them. The car has been declared by General Motors to be the “most powerful and technologically advanced” model so far. The Corvette has a 62 year history and the […]

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Family Dollar Rejects Bid by Dollar General

The board of Family Dollar Stores said on Thursday they have rejected a buyout from competitor Dollar General, citing antitrust concerns and again stated its support for the merger agreement it signed off with Dollar Tree Stores. The board gave a unanimous rejection of the offer, which was a better offer than the prior Dollar […]


Apple Using More Expensive Sapphire on its Bigger iPhones

Rumors on Apple Inc. (AAPL) is planning to use sapphire glass on its larger screen iPhones and its smart watches, Sapphire glass is said to be more rugged and can provide better protection to the phone screen. Many other players in the same business, especially the firms who supply such materials to the tech firm […]


Ford Announces 6 New Recalls Totaling 240,000 Units

Ford announced a recall of six models for total 240,000 units, the campaign includes the recall of its best selling Ford Focus ST and Ford Escape which total to 159,395 units, and both are 2013 and 2014 models which have 2.0 liter engine under the hood. The company stated the recall is being made as […]


Tesla Warranty Extended: Game Changer

Tesla Motors announced that it would be raising the bar for its Model S by proving a warranty which would span a total time of 8 years. The new warranty scheme not only included all the new Tesla Model S buyers but also customers who already own a Model S and have used it for […]

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SUPERVALU INC. (NYSE:SVU) Reports Data Breach

SUPERVALU INC. (NYSE:SVU) reported that customer credit card details might have been stolen by hackers as more than 3,300 stores around the country would have come under attack. As per initial reports by the company, the data of customers who used their credit cards at SUPERVALU INC. (NYSE:SVU) stores between June 22 to July 17 […]

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Alibaba Merger Machine Stumbles, Weeks Before IPO

Potential accounting problems have been discovered at Alibaba‚Äôs recently acquired film division, that many believe can potentially derail the Chinese tech firms massive IPO. The questions are being raised about one particular acquisition division called the Alibaba Pictures Group formerly known as the ChinaVision Media Group. It was reported that Alibaba Pictures Group might not […]