Author: Kurt Grindstaff

World News
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Ride Hailing Company Lyft Targets to Raise $2.4 Billion in IPO

While Uber’s mega $120 billion Initial Public Offering (IPO) remains the talk of the financial world, rival ride-hailing company Lyft has charged ahead with its IPO plans and on Monday announced that they plan to raise $2.4 billion. Although ride-hailing companies have grown exponentially and become a routine presence in most cities, Lyft will be […]

Economy
Commerzbank and deutsch
Commerzbank and Deutsche Bank Go On Record About Mega Merger

Deutsche Bank has been in the doldrums for close to half a decade now and eventually the German government reportedly stepped in by suggesting a mega merger with rivals Commerzbank. Speculation had been rife over the past month or so that the banks were in talks about a merger but neither of the two banks […]

Breakingviews
FAA Refuses to Ground Boeing 737 Max Fleet
FAA Refuses to Ground Boeing 737 Max Fleet

The US Federal Aviation Authority (FAA) has refused to ground Boeing 737 Max aircraft in the face of rising pressure from workers unions and senators. The FAA stated that a recent review of the aircraft has shown that it has no systemic performance issues and no grounds for suspending the aircraft. The most recent crash […]

Economy
Strong January Figures Fail to Propel UK Economy
Strong January Figures Fail to Propel UK Economy

The British economy has been in the doldrums for quite some time, and while Brexit is almost always regarded as the biggest reason behind the slowdown, there are other factors at play as well. Although the economy sustained a healthy 0.5% growth in January, the average figures for the three months stood at only 0.2%. […]

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