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C&J Energy files for bankruptcy to cut $1.4 billion in debt
(Reuters) - C&J Energy Services Ltd filed for U.S. Chapter 11 bankruptcy protection on Wednesday with an agreement with its lenders to swap $1.4 billion in debt for ownership of the reorganized...
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Inside the $1 billion dollar deal for Dollar Shave Club
Unilever is buying the on-demand razor delivery service Dollar Shave Club in a validation of the startup's novel approach to selling men's grooming products.The deal price — reportedly around $1...
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STOCKS FALL: Here's what you need to know
US stocks fell for the first time in 10 days on Thursday, temporarily ending a streak that took the market to new highs for the first time in over a year. Intel shares fell the most on the Dow Jones...
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Alert: Fintech revolution hits roadblocks
What’s really going on in financial technology? Financial technology, or “fintech” for short, is threatening to turn traditional financial fields like banking, lending, asset management and insurance...
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Starbucks shares slide after sales miss (SBUX)
Starbucks shares fell after the company reported lower-than-expected quarterly sales.After the market close on Thursday, the coffee retailer announced that it earned $5.24 billion in fiscal...
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AT&T revenue jumps 22.7 percent
(Reuters) - AT&T Inc reported a 22.7 percent increase in quarterly operating revenue as it added more television subscribers, helped by its acquisition of DirecTV.The net income attributable to...
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Starbucks growth cools, cafe sales miss targets
(Reuters) - Starbucks Corp's quarterly cafe sales growth missed analysts' estimates, cooling in all major markets and sending shares down almost 5 percent on Thursday.The world's largest coffee chain...
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Nobody wants to buy 50 Cent’s massive $6 million mansion
50 Cent was forced to lower the price of his mansion once again, this time to $6 million. The rapper will pay $23.4 million to creditors over the next 5 years.Follow BI Video: On TwitterJoin the...
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Visa profit drops, sets $5 billion buyback
(Reuters) - Visa Inc , the world's largest payments network operator, reported a steep drop in quarterly profit, hurt by costs related to the acquisition of Visa Europe, and said it would buy back...
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Boeing says to take more than $2 billion in accounting charges
(Reuters) - Boeing Co said on Thursday that it will take more than $2 billion in accounting charges related to the 787, 747 and KC-46 tanker aircraft program for the second quarter.The charges will be...
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Chipotle says loyalty program boosting July sales, shares up
(Reuters) - Chipotle Mexican Grill Inc said its recently launched loyalty program helped improve comparable sales in July, sending its shares up 2.5 percent in extended trading despite a...
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Chipotle is facing a crisis that has nothing to do with E. coli
People are getting tired of Chipotle's menu, and that could be an even bigger problem for the company than its recent E. coli crisis that sent sales plunging.The outbreak was declared over in February,...
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Chart: These stocks will be the winners and losers from the rise of Uber and...
The rise of "sharing economy" companies like Uber and Airbnb will create plenty of winners and losers. Some publicly-traded companies will see their businesses severely damaged by the new class of...
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Something strange seems to be going on at Universal Studios Hollywood
Something strange is going on at Universal Studios Hollywood. The theme park has managed to attract a kind of customer not normally associated with the attraction: millennials.Jeff Glueck, CEO of...
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U.S. sides with HSBC to block release of money laundering report
By Mica RosenbergNEW YORK (Reuters) - The U.S. government asked a federal appeals court on Thursday to block the release of a report detailing how HSBC Holdings Plc is working to improve its money...
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Pandora's stock is down almost 8% after disappointing Q2 results (P)
Pandora is down almost 8% in after-hours trading after mildly disappointing Q2 results.Pandora lost 12 cents per share, excluding certain items, slightly better than analyst estimates of a 14...
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Amazon CEO Jeff Bezos just passed Warren Buffett to become the third richest...
Amazon CEO Jeff Bezos is now the third richest man in the world.According to Bloomberg, Bezos's total net worth hit $65.05 billion on Thursday, pushing him past Berkshire Hathaway's founder Warren...
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Aeropostale to challenge Sycamore's status as creditor
By Jessica DiNapoli(Reuters) - U.S. teen retailer Aeropostale Inc plans to challenge in court private equity firm Sycamore Partners' claims as a creditor in its bankruptcy, according to a transcript...
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Understand fintech - Amazon's next possible frontier - with this report (AMZN)
This story was delivered to BI Intelligence "Payments Industry Insider" subscribers. To learn more and subscribe, please click here.The arrival of the age of fintech is about to shake up the financial...
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A Wall Street billionaire just nailed the 4 things that are rocking the hedge...
The hedge fund industry is in turmoil.High-profile funds have been ensnared in scandals. Performance at some of the industry's marquee funds has been weak. Hedge fund managers are increasingly finding...
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