Forbes has graced one man with the label of "the investor CEOs fear most" -- and that man, Jeffrey Smith, has now launched a campaign to make Macy's (NYSE:M) spin-off properties into a Real Estate Investment Trust (REIT) and use the proceeds to buy back shares. Generally, REITs are a good way for struggling retailers to unlock hidden value from their business that couldn't be realized without a REIT. [more]
Was pleasantly suprised to see that I have cracked the top 100 in CAPS today and am now #99! =D Woohoo.
Netflix (NASDAQ:NFLX) is a global entertainment powerhouse, boasting over 60 million subscribers in over 40 countries around the world. The firm has plans to enter several more markets in late 2015 and 2016, and recently announced its intentions to enter the Chinese marketplace. [more]
Citigroup (NYSE:C) and The Bank of Nova Scotia (NYSE:BNS) announced a deal wherein Citigroup will sell its retail and commercial banking businesses in Panama and Costa Rica to the Bank of Nova Scotia. This deal should prove to be mutually beneficial to both firms in the long run, as Citigroup and Scotiabank (the brand name for the Bank of Nova Scotia) are both able to continue pursuing their long-term strategies for growth through the initiative. [more]
San Francisco, California,-based Splunk (NASDAQ:SPLK) is an exciting opportunity in the world of the "Internet of Things," IoT for short. Not only does it provide an important data management service for consumers, but it also should continue to grow in the wake of hacking epidemics and the well-timed acquisition of Caspida. [more]