Sean Mueller, former hedge fund leader, was sentenced this morning to 40 years in an US federal prison for operating a Ponzi scheme that bilked investors out of $71 million. Mueller was once a rising star in the financial world. He started a hedge fund that was returning some 20% on a yearly basis while […]
Amazon announced yesterday that they will be working closely with LivingSocial to expand their business in all US cities in the coming year. Amazon is a surprise entrant into the local advertising world. The largest online retailer has often stuck close to its core business but step well out-of-bounds with the investment in LivingSocial. Now they […]
Amazon, the largest US-based online retailer, announced today that they have invested $175 million in LivingSocial, a website much like now famous Groupon. LivingSocial is another site in the same area as Groupon where users can buy, sell and trade vouchers from retailers and restaurants all over the US. They have gained favor with consumers who are […]