Remove 2009 Remove Caps Remove Volume
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Manufacturers Loosen Budgets To Make Tech Upgrades

PYMNTS

manufacturers dropped in May to its lowest level since May 2009. Typically, the company spends $226 million on cap expenditures, Rajkowski said. Chief Financial Officer Patrick Goris said Rockwell will put off non-essential maintenance projects because lower volumes have given its equipment a longer life expectancy.

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LendingClub Settles With SEC, DOJ

PYMNTS

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. Attorney Alex Tse. “We The Response.

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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

Date: May 21, 2009. When Cisco paid almost $600M for Pure Digital in 2009, it probably seemed like a great investment for their consumer products department; Pure Digital’s Flip HD digital camera was a hot seller at the time. .” By 2009, Time Warner had spun off the once-mighty internet titan back into a separate entity.

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Squaring The Circle That Is Square

PYMNTS

So, while McKelvey lost out on that $2,000 sale — he and his (friend) and Co-Founder Jack Dorsey — the founder of Twitter — did end up with a $17 billion idea (Square’s market cap at the time this piece went to press). That churn, and low volume, which also came with a big dose of chargebacks, raised red flags for many. loss last year.

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FinTech’s Bright Future Marred by Hype

PYMNTS

It has lost more than 80 percent of its market cap since its late December 2014 IPO. Bitcoin grew explosively after its 2009 introduction by becoming the currency of choice for criminal commerce, including hiring hitmen , giving the term “killer app” new meaning. Most others have struggled, too. Again, it hasn’t worked out.

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Will Amazon Eat Grocery Stores For Lunch?

PYMNTS

Not only is Amazon making it easier to buy batteries online and denying physical grocery stores of that high-margin sales opportunity, its private-label brand has captured about a third of that volume and is well on its way to eclipsing the sales of brand name stalwarts, such as Eveready and Duracell. The same can be observed for baby wipes.

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From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

Simple, an early contender founded in 2009, floundered following its 2011 launch before ultimately being bought by Spanish banking giant BBVA in 2014. users in under 2 years on its way to being acquired by Intuit in 2009 for $170M. The site has 8M users and processes $200B in volume. in volume — a 78% bump year over year.

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