Investing and Global Finance News

Category Archives: Uncategorized

M&A News

The acquisition by Principal Financial Group of RobustWealth is happening.  With both corporations working together on the deal for nearly a year, the details are that in the deal, RobustWealth will “retain its open architecture philosophy and operate independently under a management committee within Principal [and] will continue to sell their platform to firms outside Principal as part of their growth strategy.”  According to CIO of Principal Financial Group Tim Dunbar, the deal will “accelerate [Principal’s] broader digital efforts.  We really think it’ll help advisors to get closer to their clients, provide customized solutions, and help the advisors to grow. We have to acknowledge people’s needs and wants: there is an unprecedented need for financial advice. And, in today’s fast-paced, always on, digital world, people have a strong desire for personalization, convenience and 24/7 access to their money.”

Viking Global Investors recently acquired a majority stake in Birchbox beauty startup. Investing approximately $15 million into the business, this will render the company’s other investors somewhat obsolete.  VC firms like Accel Partners and First Round Capital will likely walk away with nothing from the firm now valued at $500 million. Co-founder and CEO Katia Beauchamp will remain at the head of the company and there have been promises that there will not be job cuts connected to the deal.

Kohlberg Kravis Roberts (KKR) is purchasing BMC, a software company.  At the date of this publication, the price has yet to be revealed.

Optimism on America’s Economic Strength

In this video, FOX Business Network presenter discusses the solidity of the current US market.  He points out that the 10-year treasury yield is standing at 2.99% and discusses the industry with Chief Economist at Moody, Mark Zandi. Zandi emphasizes the importance of a strong economy (businesses need to be able to sell what they… Continue Reading

Global Investments

There has been a steady increase in investments Singapore has made around the world over the last few years.  For example, while the figure in 2011 was $9 billion, by 2017 that had reached $19 billion. America has not been the only region that has become attractive to Singapore although it is the area that… Continue Reading

Turkish and Emirates Air Exempt from US Laptop Exclusion

Passengers traveling on two major middle eastern airlines, Turkish Airways and Emirates Airlines, will be allowed to bring laptops into cabins during their flights to the United States, according to David Lapan, a spokesman for Homeland Security in Washington, DC. A third airline is also exempt from the new US restrictions, Abu Dhabi’s-Etihad Airlines. The… Continue Reading

Recent Nominations to the Trump Administration

In recent news, there have been a number of nominations for positions in the President Trump government that were just announced. Elaine McCusker has been nominated as Principal Deputy Under Secretary of Defense, comptroller. She is the Director of Resources and Analysis at U.S. Central Command. Before this, she was a staff member on the… Continue Reading

FAA Issuing Drone Permits for Several Industry Uses

A study conducted by the Association for Unmanned Vehicle Systems International, a trade group for the burgeoning drone industry, investigated what businesses are increasingly using drones to improve efficiency and the bottom line. Of the 500 first permits granted to drone operators by the Federal Aviation Administration, 153 were granted to drone operators who use… Continue Reading