Petroleo Brasileiro (PBR) is must watch and buy today and anytime under $10
Petrobras has been under tough scrutiny after proven allegation of wide spread corruption, bribery and price fixing. The stock took a dive from the $20 range into the $6 range. Last week after flames and explosions ripped through one of their rigs and killed 3 people the stock took no further dive. The leadership has been […]More Info
Amazon to acquire Twitch for $970m
Months after rumors started floating about Google having made a play to acquire Twitch.tv, a dedicated video site for the gaming community to share in-game videos, Amazon has finally announced the acquisition for the same price. Amazon has advised that company is to remain independent and Jeff Bezos reiterated mutual learning opportunities. Amazon’s acquisition is […]More Info
Citi – Iceberg ahead.
Citi bank is plagued with various issues from an impending retail services exit in Japan to major problems with regulators since 2004 on the banks anti-money laundering program. Earlier this year the Federal Reserve Bank also rejected Citi from executing a buyback and dividend plan they had hoped to roll out. CEO Michael Corbat has […]More Info