Gawker Media Files For Bankruptcy, Setting Up Possible Sale

We anticipate the possibility of adding these excellent brand names and the gifted people who support them to the Ziff Davis household, wrote Ziff Davis CEO Vivek Shah in a memo dispersed to his company. Declare bankruptcy protection was largely expected when Gawker lost its previous bid to appeal that decision. Investment bank Houlihan Loukey…

[Continue reading]

Does The U.S. Car Market Have A Subprime Issue?

United States automobile sales were down 6% in May 2016. We examine there will be more frustrations in 2016 for United States automobile sales due to over-reliance on subprime buyers.Increased delinquencies and defaults of subprime auto loans(which represent 20% of exceptional automobile loans)will tighten financing standards and increase borrowing costs causing a sales contraction.Macro aspects…

[Continue reading]