According to RealtyTrac, home flipping was profitable but tapering off in markets with distressed bargains.
Investors
China's central bank announces interest rate reform
China's central bank announced interest rate reform. The central bank of China, the People's Bank of China (PBOC), announced that the floor on commercial banks' lending rates was removed.
Bill Foley gets majority stake in Touring & Tasting Marketing & Media
Bill Foley acquired the majority stake in Touring & Tasting Marketing & Media. Bill Foley announced Friday his acquisition of a controlling stake in Touring & Tasting Marketing and Media.
Advertising changes lowers target price on Google stocks
Advertising changes lowered target price on Google stocks. Google made changes to its advertising system in the hope that this would increase the revenue coming in from mobile users.
Qihoo 360 begins talks to purchase Sohu.com’s search engine
Qihoo 360 is in the early stage of negotiations to purchase Sogou, Sohu.com’s search engine. Beijing-based Qihoo 360 Technology Co. is in the early stage of negotiations to purchase Sohu.
Latest News
Two unusual sector start-ups drew the interest of venture capitalists during the second quarter. New England venture capitalist invested in home building and telecommunications during the second quarter.
A PricewaterhouseCoopers report revealed that venture capitalist invested around US$320 million into Maryland last quarter.
Cleveland BioLabs and other biotech firms have stated their desire to move their development operations to Russia.
San Miguel Corporation announced that they were able to raise US$400 million from the Meralco stake sale
RetailMeNot priced its IPO at US$21 per share. The largest digital coupon marketplace in the world, RetailMeNot, announced the price of its shares that were up for grabs in its initial public offering.
Puerto Rico's PREPA announced that they are set to announce the pricing for their mid-August bond deal.
Woodall Nicholson stated that a group of three investors have acquired the coach-building company. Woodall Nicholson Group has been acquired by a partnership of three Manchester-based investors.
Yelp acquired SeatMe for US$12.7 million. Yelp acquired SeatMe, an online reservation service, for US$12. 7 million. SeatMe will compete with OpenTable in the restaurant reservation scene.
Enel Green revealed plans to expand its geothermal technology while global market for it is still young.
