Diageo Price Talk Will Tighten, Best Ideas’ SABMiller Bonds Comparatively Cheaper
Diageo is the world’s largest spirits maker, and the strength of its portfolio is unmatched. With eight of the world’s top 25 brands and unrivaled global distribution scale, the firm generates robust free cash flows and has a wide economic moat, in our view. With its strong brand portfolio and unmatched distribution scale, the firm is able to leverage its strength to gain shelf space … Continue reading Diageo Price Talk Will Tighten, Best Ideas’ SABMiller Bonds Comparatively Cheaper
Biotech Stocks to Watch: AbbVie, Bind Therapeutics & MannKind
In the news on the Biotech Segment, we take a close look at three upcoming Biotech stocks in AbbVie, Bind Therapeutics & MannKind. Despite three rejections so far, AbbVie is reportedly still attempting to convince Shire and its major shareholders that a buyout is in their best interest. Per sources familiar with the dealings, AbbVie’s CEO Richard Gonzalez traveled to London recently to hold discreet … Continue reading Biotech Stocks to Watch: AbbVie, Bind Therapeutics & MannKind
Bitcoin News: Ecuador Bans Bitcoin
The National Assembly of Ecuador has effectively banned bitcoin and decentralized digital currencies while establishing guidelines for the creation of a new, state-run currency.
With 91 votes in favor of the amendments to the country’s existing monetary and financial laws, the National Assembly approved a bill that now goes to President Rafael Correa for signature. The law gives the government permission to make payments in ‘electronic money’, but decentralized digital currencies like bitcoin will now be prohibited.
The proposed electronic money is to be backed by the assets of the Banco Central del Ecuador, the nation’s central bank. The National Assembly will oversee the new currency while the central bank will develop and integrate it into the broader financial system. The electronic money will operate in tandem with the US dollar, Ecuador’s official currency, although it is not certain what exchange rate will be established.
News on Bitcoins
Following the final tally, the National Assembly issued a statement declaring that the new electronic money would offer benefits to both the underbanked and the broader economy, saying : “Electronic money will stimulate the economy, it will be possible to attract more Ecuadorian citizens, especially those who do not have checking or savings accounts and credit cards alone. The electronic currency will be backed by the assets of the Central Bank of Ecuador.”
Prior to the debate on amendments that instituted the decentralized digital currency prohibition, members of the local bitcoin community sought to shape the final outcome. The amendments laid out the legal framework for those who violate the ban, which establishes the power to confiscate bitcoins or similar holdings. Those who operate businesses using prohibited digital currencies face the risk of prosecution as well.
Bitcoin News Video
Watch this video for more “News on Bitcoin”.
Stock In News: With iPhone 6 Launch in site, Apple (NASDAQ AAPL) Stock Value Outlook Positive
With the release of the Apple Inc (NASDAQ AAPL) iPhone 6 on the horizon, there has been a great deal of speculation about the pricing level at which Apple may choose to release its next flagship smartphone. There have been reports emanating from sources close to the company recently that Apple might have to do inflates the price of the iPhone 6 above its preferred … Continue reading Stock In News: With iPhone 6 Launch in site, Apple (NASDAQ AAPL) Stock Value Outlook Positive
Active Stock: Google (NASDAQ GOOG) Buying Twitch For $1 Billion
According to various Reports on the Wall Street, Google Inc (NASDAQ GOOG) has finalized a deal to acquire dominant game-streaming player Twitch. Sources close to the deal say the search giant has agreed to pay more than $1 billion for Twitch. The latest rumor has Google buying game-streamer Twitch for $1 billion. The source would not reveal much more other than to say that Twitch … Continue reading Active Stock: Google (NASDAQ GOOG) Buying Twitch For $1 Billion
Stock In News: SEC clears Facebook in the IPO Investigation
Facebook Inc (NASDAQ FB)’s May 2012 IPO was not your average initial public offering. Not only was it a large IPO, it was Facebook, which meant almost everybody wanted a piece of the new offering. However, things went south fast. First, a major computer glitch hit the NASDAQ market system shortly after the shortly after Facebook shares debuted, resulting in a huge snafu and big … Continue reading Stock In News: SEC clears Facebook in the IPO Investigation