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100 dolla dolla bills, yeah
Chinese e-commerce website Alibaba opened with the largest IPO in history at $25 billion. The fancy guys in suits who underwrote the stock sale will take home more than $300 million. (Yahoo!/Reuters)
A British finance guy bet 900,000 pounds that Scotland would choose to remain part of the UK. He was right. His reward? 1,093,333.33 pounds, or close to $1.8 million. Time to splurge. (BBC)
The iPhone 6 and iPhone 6 Plus sold a combined 10 million times in their opening weekend, setting an Apple record. The iPhone accounts for 70 percent of Apple’s total profit, so your new device may crack tomorrow but Apple already has your money. (NYT)
Developer Glenn Straub bid $90 million to purchase and repurpose Atlantic City’s Revel Casino, which closed on Sept. 2. His vision? Another tower and a university for people who are “free, white and over 21.” Profit? We’ll have to wait and see. (Philly.com)
German pharma company Merck KGaA is buying American pharma company Sigma-Aldrich for $17 billion, the latest in a flurry of German-American mergers and acquisitions. Is this good for America’s economy, Germany’s or…both? (Bloomberg)
More than Columbia’s endowment via Shutterstock
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5 Comments
@anon My gosh I feel like a total geek for pointing this out, but I wouldn’t call Sigma-Aldrich a pharma company. They don’t manufacture (available to the public) pharmaceuticals. They do sell some diagnostic kits, but mainly research chemicals and industrial chemicals.
@that's a period, not a comma.
@NYU Student Even I could tell it was a period.
@Back of Envelope Calculator The part in quotes was copied and pasted directly from the article when it was originally posted. Obviously, they corrected it since.
@Back of Envelope Calculator Hey Bwog, you may want to check your math on the betting finance guy.
“A British finance guy bet 900,000 pounds that Scotland would choose to remain part of the UK. He was right. His reward? 1,093,333,333 pounds, or close to $1.8 million. ”
~1.1 BILLION pounds isn’t close to 1.8 MILLION dollars. :)