Posts Tagged ‘Cooperative’

Facebook boosts its mobile services through its partnership with Bango

Jerimiah Yap – Fourth Estate Cooperative Writer Menlo Park, CA, United States (4E) – Facebook has partnered with Bango and now accepts mobile payments through various carrier services in the United States. Bango is one of the most popular mobile payment services in the world. Aside from Facebook, retailers, stores and content providers use Bango […]

EU preparing for a rescue plan for Spain

Nathan Andrada – Fourth Estate Cooperative Contributor Brussels, Belgium (4E) – Spain is reportedly in talks with European authorities for a fresh round of rescue plan to be announced next week. The Financial Times reported on Friday that the EU is setting the stage for a rescue plan for Spain and unlimited bond purchases by […]

Fed announces QE3 with mortgage backed securities purchases every month

Nathan Andrada – Fourth Estate Cooperative Contributor Washington, DC, United States (4E) – The U.S. Federal Reserve announced it is undertaking open-ended purchases of $ 40bn worth of mortgage backed securities (MBS) every month expanding it long-term securities holdings. The move is the third round of quantitative easing the Fed has made since 2010 as […]

Facebook CEO Mark Zuckerberg promises better mobile strategy

Nathan Andrada – Fourth Estate Cooperative Contributor San Francisco, CA, United States (4E) – Speaking at the TechCrunch Disrupt conference in San Francisco on Tuesday, Facebook CEO Mark Zuckerberg said that he was disappointed by the performance of the company’s stock that has disappointed many of their investors, but he vowed to improve results with […]

Zuckerberg promises not to sell shares for at least a year

Jerimiah Yap – Fourth Estate Cooperative Writer Menlo Park, CA, United States (4E) – Facebook founder and chief executive officer Mark Zuckerberg doesn’t plan to sell his shares despite the company’s falling stock prices. Some Facebook executives have already sold shares, including co-founder Dustin Moskovitz. Facebook director Peter Thiel sold his shares of the company […]

ECB president Mario Draghi raises possibility of 3-year government bond purchases

Nathan Andrada – Fourth Estate Cooperative Contributor Brussels, Belgium (4E) – European Central Bank (ECB) president Mario Draghi has once again made remarks that support a move by the bank to help struggling euro zone countries through purchase of government bonds that have maturity of three years or less. Several European MPs have revealed that […]

Facebook co-founder Moskovitz sells some shares, plans to sell more

Jerimiah Yap – Fourth Estate Cooperative Writer New York City, NY, United States (4E) – A few weeks ago Facebook director Peter Theil sold about 80 percent of his shares and earned an estimated $ 1 billion with only an investment of half a million dollars. Recently, Facebook co-founder Dustin Moskovitz has followed suit and […]

Barnes & Noble’s Nook e-reader sales are down from last year

Jerimiah Yap – Fourth Estate Cooperative Writer New York, NY, United States (4E) – Bookstore Barnes & Noble Inc. posted a decline in its mobile digital reader sales in its second quarter report. It is the second consecutive quarter that Barnes & Noble has reported a drop in Nook sales. Last year Barnes & Noble […]

Knight Capital Group given $400-M lifeline

Nathan Andrada – Fourth Estate Cooperative Contributor New York, NY, United States (4E) – Knight Capital Group got a $ 400mn infusion from Wall Street investors after a frantic rush by the brokerage firm to raise much needed capital following a massive computer glitch last week. Knight Capital performs huge volumes of trades at the […]

Katy Perry is new face and partner of “Popchips” snack

Paula David – Fourth Estate Cooperative Reporter Los Angeles, CA, United States (4E) – Pop star Katy Perry is the new face and partner of “popchips” snack, the company announced Wednesday. According the a press release, “Katy Perry, global pop superstar and long-time fan of the brand, has joined “popchips” as an investor and ambassador […]