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TOP BUZZ OF THE DAY


 Alibaba Singles’ Day Sales Reach $14.3 Billion, Smashing Record

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Apple is reportedly talking to banks about creating its own competitor to PayPal and Venmo

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 WALL STREET PAYDAY: Meet the bankers on the $108 billion beer deal of the decade

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GOLD HITS 5-YEAR LOW: Here’s what you need to know

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what next?


MARKET BUZZ


Where did the market close yesterday?

The scoreboard:

Dow: 17,702.22, -55.99, (-0.32%)

S&P 500: 2,075.00, -6.72, (-0.32%)

Nasdaq: 5,067.02, -16.22, (-0.32%)​

Market Summary from yesterday:

Stocks closed in the red on Wednesday amid lower-than-usual trading volumes, and gold dropped to a five-year low, as the bond market closed for Veterans Day. The energy sector led declines on the S&P 500 amid a drop in oil prices.

 What economic numbers come out today?

2015 Economic Calendar

Jobless Claims
[Report][Star]
8:30 AM ET

What are today’s headlines?

 WSJ

AB InBev, SABMiller Formalize $108 Billion Deal

 

New York Times

 

Republican Debate on Fox Business Draws 13.5 Million

 

 Bloomberg Business

 

Alibaba Singles’ Day Sales Reach $14.3 Billion, Smashing Record

 

 The Guardian

German regulators to run tests on possible ‘unusual pollutants emissions’ on other models including BMW, Mercedes and Ford

  The Telegraph

End QE now or risk a new financial crisis, warn Germany’s ‘Wise Men” – Telegraph

  Reuters


BIZ SCHOOL

DEFINITION of ‘Leveraged Buyout – LBO’

The acquisition of another company using a significant amount of borrowed money (bonds or loans) to meet the cost of acquisition. Often, the assets of the company being acquired are used as collateral for the loans in addition to the assets of the acquiring company. The purpose of leveraged buyouts is to allow companies to make large acquisitions without having to commit a lot of capital.

 


  MORE FUN BIZ


Entrepreneurial Buzz:

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The Rise Of Military Spouse Entrepreneurs: What You Need To Know


 Career Buzz:

Your Quick Start Guide To Successfully Switching Careers In 5 Weeks

 


Tech Buzz:

10-billionaires-and-leonardo-dicaprio-just-invested-in-a-startup-that-claims-it-can-grow-hundreds-of-real-diamonds-in-2-weeks

10 billionaires and Leonardo DiCaprio just invested in a startup that claims it can grow hundreds of real diamonds in 2 weeks

 


Fashion Biz:

 

 LEON NEAL/AFP/Getty Images)
LEON NEAL/AFP/Getty Images)

 


Wow Women:

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Hollywood Reporter to stop publishing lists ranking women


Buzzing off for today.

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