Category: Software

Gilead Sciences GILD NASDAQ:GILD
Analysis, BioTech, Diversified Tech, Finance, Global Equity, Mergers & Acquisitions, Semiconductors, Services Sector, Software, software, Tech IPO

Rumors Suggest Surprising Possibility of Valeant and Actavis Combination

Media reports over the weekend suggested Valeant Pharmaceuticals VRX held merger discussions with Actavis ACT , which may now have stalled on financial considerations. Valeant had been signaling that it was seeking to pursue a large acquisition or a merger of equals, so the magnitude of the deal was not surprising, but we were a little surprised by the target. Overall, there may be enough … Continue reading Rumors Suggest Surprising Possibility of Valeant and Actavis Combination

John MeadyLeave a comment
Finance, Software

Bitcoin Update: Bitcoin Price Drops Below $400

In what seems like a development which is the latest blow to bitcoin prices, Bitcoin prices have slumped to its lowest level since May late last week. The decline has since been largely attributed to a worsening short-term news outlook, as well as the industry’s margin traders, though alternative theories have been proposed.

At press time, at least one notable industry analyst, along with a host of exchange users are suggesting that margin trading may have once again played a factor in today’s decline, as a flash crash observed on popular bitcoin trading platform BTC-e caused the price of bitcoin on its exchange to decline sharply to a low of $309.

That price was observed on BTC-e at roughly 07:36 (UTC), and was followed by similar declines across other major bitcoin trading platforms including Bitstamp, Huobi and OKCoin, market analysis shows. Notably, this is not the first time such a large flash crash has been observed on BTC-e. For example, this February, the price on the exchange declined nearly $500 in just over one minute.

News on Bitcoins

Data analysis shows other major exchanges soon responded to declining prices observed on BTC-e, with a sharp drop observed across their order books at roughly 07:37 (UTC). By 07:46, the price of bitcoin on Bitstamp began its decline, landing roughly $20 below its starting point to touch $462.01 and hitting a daily low price of $442 at roughly 08:51.

Major China-based Huobi and OKCoin also recorded less notable drops during this time. For example, Huobi’s price decline began at 07:37, dropping from ¥2880.1 to ¥2788.1 by 07:45. Likewise, OKCoin saw prices on its exchange fall from ¥2880.4 at 07:36 to ¥2785.3 by 07:45.

Bitcoin News Video

Watch this video for more “News on Bitcoin”.

Continue reading “Bitcoin Update: Bitcoin Price Drops Below $400”

Richard Atkins
Gilead Sciences GILD NASDAQ:GILD
Analysis, BioTech, Diversified Tech, Finance, Mergers & Acquisitions, Semiconductors, Services Sector, software, Software, Tech IPO

White Mountains’ Underwriting Margins Drive 1Q Book Value Increase

A benign catastrophe season and continued improvement in underwriting margins at majority-owned OneBeacon OB led to a 3% sequential increase in adjusted book value to $606 per share at White Mountains Insurance Group WTM . In comparison with last year’s first quarter, the combined ratio (expense divided by earned premiums) fell to 81% from 84% at Sirius Group, White Mountains’ reinsurance subsidiary, while OneBeacon also … Continue reading White Mountains’ Underwriting Margins Drive 1Q Book Value Increase

John MeadyLeave a comment
Apple Stock AAPL
Finance, Software

How Tim Cook Is Taking Apple Inc. (NASDAQ:AAPL) To Next Level By Being More Approachable Compared To Steve Jobs?

Apple Inc. (NASDAQ:AAPL) has had a commanding presence in the world of technology since the dawn on the new millennium and it was Steve Jobs who made Apple what it is today, a super power in this world. Apple was once the underdog but not anymore and Tim Cook might just be person who could lead Apple on its way forward. Below are three key … Continue reading How Tim Cook Is Taking Apple Inc. (NASDAQ:AAPL) To Next Level By Being More Approachable Compared To Steve Jobs?

Harvey Dyer
FB Nasdaq FB Facebook
Analysis, BioTech, Diversified Tech, Finance, Mergers & Acquisitions, Semiconductors, Services Sector, software, Software, Tech IPO

Growing Competition on the Cotai Strip Leads to a Bad Quarterly Hand for Wynn Resorts

Wynn Resorts WYNN reported weak first-quarter results, as the company continued to perform poorly in Macau due to intensifying competition from new casinos on the Cotai Strip. Revenue and EBITDA were above consensus estimates, but only because the company had an unusually high hold rate for VIP table games in Macau and table games in Las Vegas. Revenue increased 5% to $1.38 billion (compared to … Continue reading Growing Competition on the Cotai Strip Leads to a Bad Quarterly Hand for Wynn Resorts

John MeadyLeave a comment
Analysis, Software

US Patent Office Changes Businesses Should be Aware of

The US Patent Office and Trademark Office (USPTO) is an agency of the US Department of Commerce that exists to grant patents for the protection of inventions and to register trademarks. Given the importance of intellectual property protection for all businesses, but especially those in the technology sector, keeping abreast of these past and future changes to the US Patent Office guidelines and processes in … Continue reading US Patent Office Changes Businesses Should be Aware of

Richard Atkins