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Monthly $1,000 stimulus payments are coming, and you can apply now

February 28th, 2022

Basic income programs that provide recipients with a guarantee of free money are an increasingly popular experiment around the country right now. States and cities across the US are rolling out different variations of this idea, which act like supercharged stimulus checks. One of the newest examples? A California program, for residents of West Hollywood …

A visualization of Apple’s market cap and cash [infographic]

January 31st, 2012

Apple reported a monster first quarter last Tuesday that sent the company’s stock skyrocketing over the past week. Apple’s holiday quarter was the most profitable quarter ever reported by a technology company, and the second most profitable quarter reported by any U.S. firm. With a market capitalization that now sits in excess of $420 billion, …

T-Mobile USA saving cash to keep top execs if AT&T merger passes

November 17th, 2011

T-Mobile USA has been setting aside cash that it plans to use in an effort to keep its top employees on board should AT&T’s proposed $39 billion takeover of the firm gain U.S. regulatory approval. The carrier has reportedly already recorded $64 million in merger-related employee costs during the past two quarters. A spokesperson for …

Twitter acquires TweetDeck for $40 million

May 24th, 2011

Earlier this month we heard reports from TechCrunch that TweetDeck had been acquired by Twitter for $50 million. CNN now says that Twitter has finalized its purchase of TweetDeck in a $40 million cash and stock deal, and that the paperwork was signed on Monday. Neither Twitter nor TweetDeck have confirmed the purchase, and Twitter’s PR …

Apple may become the first $1 trillion company [video]

May 3rd, 2011

Giddy over Apple’s consistent staggering growth — and seemingly giddier over the iPad — Formula Capital managing partner James Altucher believes that Apple is poised to become the first $1 trillion company. In fact, Altucher thinks Apple could already be a $2 to $3 trillion company. According to Altucher, Apple can basically do no wrong …

Samsung divests its hard-drive unit, sells to Seagate

April 19th, 2011

Reuters is reporting that Samsung Electronics has agreed to sell its hard drive business to Seagate Technology for $1.4 billion in cash and stock. The move is seen as two pronged: first, it will allow Samsung to exit an extremely competitive market and refocus its efforts on its successful memory-chip business. Secondly, it will allow Seagate to be more competitive with …

Clearwire plans to shake the money tree, looking to raise $1.1B through sale of debt securities

December 2nd, 2010

Last month, we reported on the short-term liquidity problems on the horizon for WiMAX network operator Clearwire, and today, the company has announced measures aimed at rectifying its current situation. Clearwire plans to raise over $1.1 billion through the sale of debt securities in “private placement transactions.” As the press release reads: Clearwire Communications is …