Silver as an investment

Category Archives: Walgreens

Busted Billion-Dollar-Baby Fraud Finds Another Greater Fool – Softbank Lends Theranos $100 Million!

Japan’s Softbank Group is coming to the rescue of yet another embattled Silicon Valley “unicorn”. The Wall Street Journal reported Saturday that Fortress Capital, the publicly traded private-equity firm that agreed to sell itself to the Japanese conglomerate earlier this year, has extended a $100 million loan to Theranos, which is still facing multiple lawsuits […]

Frontrunning: June 30

Rhetorical question of the day: Twisted Geniuses or Bumbling Ex-Academics? (WSJ) Markets Steady on Quarter’s Last Day (WSJ) Their fortunes enmeshed, Trump and Putin to hold first meeting next week (Reuters) Oil Is Set for Longest Rally of 2017 (BBG) Brightening economy sets euro up for strongest quarter since debt crisis (Reuters) Eurozone Inflation Falls […]

Walgreens To Buy Half Of Rite Aid Stores After Terminating Merger, RAD Stock Tumbles

Walgreens, Boots Alliance and Rite Aid terminated their $9.4 billion merger agreement, amid heavy anti-trust concerns, and unveiled on Thursday a new deal to buy more than 2,000 of Rite Aids stores for $5.2bn. RAD shares tumbled as much as 20% on the news. The decision to halt the original deal, which was announced in […]

Robertson Stephens Co-Founder Sues Theranos And Elizabeth Holmes For Fraud

In what is not the first lawsuit (and certainly won’t be the last) by naive shareholders to go after former unicorn darling-turned-fraud Theranos, its founder Elizabeth Holmes, and COO Ramesh Balwani, the co-founder of prominent dot com investment bank Robertson Stephens, Robert Colman, accused Theranos and Holmes of making false and misleading claims about its […]