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Rocket Trims IPO By 39 Pct From $3.3B To $2B After Investors Reject Valuation

PYMNTS

Rocket describes itself as the largest retail mortgage lender in the U.S. Gilbert, owner of the Cleveland Cavaliers and founder of Quicken Loans will retain 79 percent of the voting power of the company’s common stock through controlling entities, the SEC filing shows. which is owned by Gilbert.

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Retail Pulse: FAO Schwarz To Open New Flagship; Amazon Expands Grocery Delivery

PYMNTS

Brick-and-mortar retailers have closed flagship locations in recent times, but sometimes these landmark stores make a comeback. The new store, which will be located at 30 Rockefeller Plaza, will feature multiple experiential retail components. The store will also offer magic shows and a grocery shopping experience designed for kids.

Retail 116
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Rocket Mortgage Parent Plans $3.3B IPO

PYMNTS

Gilbert, who also owns the National Basketball Association (NBA) team the Cleveland Cavaliers , controls 79 percent of the voting power for the company’s common stock. According to Rocket Companies, which describes itself as the biggest retail mortgage lender in the U.S., His net worth is sitting at $7.8 the company earned $97.7

Cleveland 140
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Verizon, AT&T Finalists To Buy Yahoo’s Core Business

PYMNTS

Reuters is reporting that Yahoo has attracted five groups into the final round of bidding on its core business, with Verizon, Quicken Loans founder and Cleveland Cavaliers owner Dan Gilbert and Vector Capital Management leading the way. According to Bloomberg , the remaining pair of bidders is made up of AT&T and TPG.

Cleveland 100
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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

billion, on an 82 percent increase in retail sales. That is the most organic growth of any automotive retailer ever in the U.S. For example, as reported by Forbes, auditor Grant Thornton wrote that “management believes” it can meet its financial obligations through February 2021. In 2019, we increased GPU by $750. Ontario (L.A.),

Company 130
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Beyond Amazon Go: The Technologies And Players Shaping Cashier-Less Retail

CB Insights

Traditional retail is getting an upgrade. Despite the rise of e-commerce and mobile, the physical channel still plays an important role in consumer experience — and retailers are increasingly leveraging technologies to stay afloat. Get the entire 54-page retail report. Why Are retailers are pivoting towards cashier-less retail?

Retail 71
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ORACLE: Swinging the Bat in Cloud Services

Celent Banking

My primary motivation for attending OpenWorld was to get an update on Oracle's two banking platforms — the new flagship Oracle Banking Platform (OBP) aimed at large retail banks and its stable mate FlexCube , the universal banking platform deployed by nearly 600 banks globally. Most banks, however, are not Capital One.

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