Category: American Money

Square Is Raising $750 Million to Fight Back Against PayPal

Last week, PayPal (NASDAQ:PYPL) agreed to buy Square‘s (NYSE:SQ) chief European rival, iZettle, for $ 2.2 billion. By Monday, Square was ready to announce a new debt offering to raise $ 750 million in cash. The senior convertible notes will bear interest at just 0.50% per year and mature in five years. Square could use…

Police arrest MS-13 gang member who killed man, burned his body

An MS-13 gang member accused of killing a Texas man and torching his body was arrested in South Carolina Tuesday. Franklin Platero-Rodriguez, 21, was arrested after being on the run from Walker County police and ICE for nearly four years, the Houston Chronicle reported. Platero-Rodriguez, “a documented and confirmed MS-13 gang member,” fatally shot a…

Aston Martin’s Profit Slips as IPO Question Lingers

British supercar maker Aston Martin said this week that its pre-tax profit fell by more than half in the first quarter of 2018 from a year ago, to 2.8 million British pounds ($ 3.7 million as of May 24, 2018), on a weaker U.S. dollar and higher spending on new-product launches. Aston Martin has never…

Is Intel Overstating Its Growth Opportunities?

During Intel‘s (NASDAQ:INTC) most recent shareholder meeting, CEO Brian Krzanich talked about how the company is on track to dramatically grow its silicon-related total addressable market (TAM) from around $ 45 billion in 2013 to approximately $ 260 billion by 2021 — a figure that’s up by around $ 40 billion from what the company said…

Inmates escape after power malfunction caused cells to unlock 

One inmate facing murder charges remains at large after escaping from a South Carolina jail.  According to WIS, three inmates broke free from the Orangeburg-Calhoun Regional Detention Center on Saturday after an electrical short opened a pod’s cell doors and a number of incarcerated individuals overpowered the guard.  The Washington Post reports that from there “one of the inmates simply walked up to…