Investing and Global Finance News

Category Archives: Uncategorized

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

Alibaba Expanding to California in a “Very Strategic” Move

China’s gargantuan e-commerce company Alibaba is opening a cloud computing hub in Silicon Valley, its first such center outside of China. The move is in synch with their global ambitions despite tough competition in their niche. The California hub is at an undisclosed exact location, kept secret for security reasons.  It is situated somewhere in… Continue Reading

Tesla Offers Sweet Deal on Model S Leases

In another burst of “out-of-the-box” thinking, Tesla Chief Executive Elon Musk wrote in a blog on October 25 that customers leasing the company’s new Model S electric car will have the option of returning the car within 90 days and have the remainder of their lease obligation nullified. This offer is for purchasers of cars… Continue Reading

Barrett Wissman Turns Around IMG

As written in the International Arts Manager magazine, Barrett Wissman’s involvement with IMG has changed the face and future of the company. While IMG struggled in the early part of the new century, especially with the death of Mark McCormack in 2003, they have found new energy and spirit. Barrett Wissman offered to buy a… Continue Reading

Bell Canada Enterprises, A Solid Company

BCE Inc. is one of the major Canadian telephone companies: Bell Canada Enterprises. It competes with Telus (TU), Rogers Communications (RCI), and many smaller companies such as Wind Mobile, Public Mobile and Mobilicity. The trend in the telephone industry is away from the traditional wired services and towards wireless services. The wireless services may be… Continue Reading

IT Services Industry: Computer Task Group Inc.

Computer Task group, Inc. supplies IT solutions and staffing services mainly in Europe and North America. CTG’s services include selection and implementation of software packages. The company also makes and integrates new software systems and develops customized software solutions. The company provides solutions for health information management, medical care management, medical fraud, insurance assessments, and… Continue Reading

Insider Trading: Imitation Is The Sincerest Form Of Flattery

On November 11th, one of the directors of Iridium Communications, Inc (IRDM), Scott L. Bok, bought 50,000 shares of Iridium’s stock for $357,000. From the first to the twelfth of December, company insiders purchased more than 80,000 shares of Iradium. On Wall Street, there’s a saying about insider buying: There are several possible reasons to sell stocks,… Continue Reading