Online dating apps are all the rage. Why not invest in digital social interaction when everything else is on the Internet? Match Group is seizing opportunities with an IPO of nearly half a billion. They own Tinder, OkCupid and Match.com and with 9.6M active daily users who average about 35 minutes a day on the app (Tinder), there is plenty of reason to up the advertising. Get the whole story on the Match Group IPO below or click here.
How do you hide $100 million in losses? Ask Gilbert Lundstrom former CEO of TierOne Bank. Lundstrom hid the Nebraska bank’s failing condition that led to its eventual closing in June, 2010 claiming he was lied to by executives. See the outcome of his trial in the link below, or get the verdict here.
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President Obama has been working on a trade deal that will help working families in job growth and creation, “Not only now, but for decades to come,” says Mr. President. It not only helps job growth but the American economy as well. The video in today’s finance win of the day is provided by Bloomberg Video via Yahoo Finance, click here to view the whole story.
Looks like Exxon Mobile will be answering for its questionable response to climate change over the last few decades as the company receives a subpoena from the NY Attorney General’s office. Even politicians such as Hillary Clinton and Bernie Sanders have gotten involved with this issue. The big question is, “did they warn investors about financial risk?” Find out the facts in today’s finance fail provided by learnbonds.com.
With an infusion of new capital from a private-equity investor, Kroll hopes to double in size in the next three years.
Two REITs combine to form company that would control 13 million acres of U.S. timberland.
The owner of Tinder, OkCupid and Match.com is selling about 14% of itself to cash in on the boom in online dating.
The business of protecting against computer hacking is booming.
A top regulator says the new rules are a “robust standard” that allows “systemically important” banks to fail without putting taxpayer funds at risk.
A federal jury rejects Gilbert Lundstrom’s defense that he never intentionally misled anyone about the Nebraska bank’s problems.
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