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China Telecom Chairman Resigns Amid Investigation

China Telecom Chairman Resigns Amid Investigation

Another day in China, another Chinese executive missing (who has now “re-appeared”)…. China Telecom Corporation Limited announced the resignation of Mr. Chang Xiaobing from his positions as Chairman, Executive Director, and CEO of the company effective December 30, 2015. The Board […]

Chart via S&P Capital IQ

Carl Icahn Wins Pep Boys Bidding War

The bidding war for Pep Boys is finally over after Bridgestone stepped aside to let Carl Icahn buy the automotive repair chain. The activist investor is shelling out $1 billion to buy it after battling the Japanese tire maker for […]

Do We Need A “Fedcoin” Cryptocurrency?

Do We Need A “Fedcoin” Cryptocurrency?

Do We Need A “Fedcoin” Cryptocurrency? by William J. Luther, Foundation For Economic Education There’s no good reason for a Fed-managed blockchain In a recent blog post, St. Louis Fed Vice President David Andolfatto suggests that central banks “consider offering […]

Netflix, Inc. A Clear Winner In 2015

Netflix stock has more than doubled at a time when the S&P 500 index barely managed to end the year in green, making the streaming firm one of the hottest stock of the year, says a report from Quartz. The […]