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Groupon Gets New Activist Investor

PYMNTS

The filing said that Merage will possibly engage in discussions with the board of directors, as well as discuss capitalization, ownership structure and board compensation or operations — and could potentially buy more shares. He is also seeking a seat on Groupon’s board. Groupon was MIG Capital’s largest stake in a previous SEC filing.

Capital 130
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Cosi Files For Bankruptcy

PYMNTS

Dourney, and several upper-level managers. We believe this process will allow the company to right-size its balance sheet, reduce its debt and focus on improving the business and stabilizing the brand,” Bennett added. Cosi has been traded on the Nasdaq since 2002 and saw its share price peak at around $40 per share in 2006.

Boston 100
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Walmart May Be Looking To Sell Off Its Japanese Business

PYMNTS

Walmart has been operating in Japan for the last 16 years — a time described as “tumultuous” by the Financial Times ( FT ). Walmart first purchase Seiyu in 2002, but has faced difficulties gaining traction in the extraordinarily challenging Japanese market. As Walmart is refocusing its efforts in the U.S.

eBook 100
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Community Financial Institutions: Parking Lot for the Benjamins

Jeff For Banks

First dropping the Fed Funds rate to near zero, and most recently with Operation Twist designed to guide long-term rates even lower. At first, senior managers of FIs felt good about the inflow. Loans from 2002 through 2007 generally grew faster than FIs'' ability to fund them. a highly unusual situation. But this too shall pass.

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Here Are 35 Casualties Of The Retail Apocalypse And Why They Failed

CB Insights

Modern-day retail is at an inflection point as retailers face struggling physical storefronts, massive debt, and inefficient operations, among other issues. Formerly beloved brands such as Aeropostale, American Apparel, and PacSun bit the dust in 2016, and the pace of retail deaths has accelerated since then. Toys “R” Us.

Retail 78
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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

For Google’s part, it kept releasing its own branded phones under the Nexus brand, partnering with Samsung, Asus, and LG to manufacture these devices, and further eroding the value of the Motorola acquisition. When you’re a powerhouse brand, it can be hard to see that the times are changing. eBay and Skype.

Google 76
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Killing The I-Bank: The Disruption Of Investment Banking

CB Insights

While the rules against prop trading have more recently been loosened, the restriction has still changed how investment banks operate. In the world of asset management, the biggest players are now dedicated firms like Vanguard. Total assets under management (AUM) at the top asset managers now dwarfs total AUM at the top banks.