Mastercard, the world’s #2 credit card provider has announced that it plans on going public sometime early next year (possibly during the 1st quarter). Master Card plans to issue Class A common stock shares through its IPO to public investors. Shareholders will own approx. 49% of Mastercard’s equity and have 83% of its voting rights. […]

Spring Nextel mobile phone company announced today that it plans on purchasing two small cell phone operators that provide Sprint Service, which is scheduled to add an additional 332,000 subscribers to the newly merged company.
The agreement: Spring Nextel will pay $219 million dollars to acquire IWO Holdings, Incorporated (located in Albany, NY) which will […]

This morning, Intelsat annoucned that it made an agreement to acquire PanAmSat Holding Corporation for $3.2 billion dollars (or $25/share) in order to establish a satellite company with an expanded delivery that includes: government, corporate data, and video content.
When both of these companies are combined, the estimated annual revenue is expected to hit more than […]

Verizon said today that it expects to provide the first local carrier in offering high speed data access to both laptop and mobile phone users throughout the region. The name of the network will be known as: “EV-DO”, which will allow users to reach speeds similar to DSL lines on both their phones and laptops.
The […]

Many people have been chosing to invest their money into 401K because of the benefits of income tax cuts, as it is excluded from taxable income. Starting January 1, 2006, employers will have an option of providing a new kind of 401k plan to its employees, that lets you give up the same immediate income […]

Greenspan has made some comments during his speech in Wyomong regarding the recent housing boom and said that prices may fall. Greenspan suggests that economy growth would slow down, urging investors that asset prices may also drop. So what will be the result of the housing slow-down?
Consumers are likely to take out less home […]

Kodak company has announced that it will be eliminating 1,000 jobs due to the drop in demand for photographic film and paper. Kodak plans on consolidating its North American color photographic paper facilities in Windsor, Colorado and Harrow, England, with plans to shut down operations in Rochester at the end of October. The film product […]

Merck Pharmaceuticals will face at least 3 federal trials the upcoming year over claims that drug painkiller Vioxx was the cause of strokes and heart attacks in some individuals. Trial is scheduled to begin on February 13, March 13, and April 3, 2006. Merck was ordered to pay $253 million dollars on August 19th […]

It has been decided that Six Flags company would be put up for sale on auction. Six flags is the world’s 2nd biggest theme park, followed by Walt Disney. Shares of the stock rose 72 cents, closing at $7.26 at the end of the day. There has been no details given out on the auction […]

I found a real cool website that lets you use a finance calculator to calculate just about anything. Click here to try out the calculator.
If you have concerns about what it will cost to be a college student, take out a loan, or need a cost trust fund calculator this website will do all the […]