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Sycamore Partners Buys Staples for $6.9 Billion

by synergycap1 | Jun 29, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Finance, Wire, Working Capital

Private equity firm Sycamore Partners is buying office supplies chain Staples for $6.9 billion. The companies said Wednesday that shareholders of Framingham, Massachusetts-based Staples will get $10.25 per share. Staples’ stock closed Wednesday up 77 cents, or...

The new old thing

by synergycap1 | Jun 29, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

APPLE has a new hit device, so popular that it has sold out across most of America and Britain. If you order it online it takes six weeks to arrive. “Best Apple product in a long time,” sings one online review. Useful and (of course) slickly designed, it...

Awards

by synergycap1 | Jun 29, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

Adrian Wooldridge, who wrote the Schumpeter column from its inception until the end of last year, won the commentary category at the 2017 Gerald Loeb awards in New York. Anton La Guardia, Edward McBride, Zanny Minton Beddoes, Chris Lockwood, Nick Pelham and Henry...

The European Commission levies a huge fine on Google

by synergycap1 | Jun 29, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

SHE was born to Lutheran ministers known to be both tough and principled. As a child, she thought it unfair that pupils were not allowed to sell fruit and milk in school and successfully lobbied for change. In her office in Brussels she keeps a statue of a raised...

Blue Apron shares make bland debut

by synergycap1 | Jun 29, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

(Reuters) – Blue Apron Holdings Inc’s shares rose as much as 4.6 percent in their debut on Thursday following the meal-kit delivery company’s watered down IPO under the shadow of Amazon.com’s deal to buy Whole Foods Market .

Alarm grows about over-exuberance in corporate lending

by synergycap1 | Jun 29, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

WHEN the financial crisis was at its height in 2008, being a debtor was a dreadful experience. Banks and companies scrambled desperately to get the financing they needed. But the balance of power in the financial markets can easily shift. In 2005 and 2006, credit had...
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