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Wayne Ellis

Student Lender Profits Drop 22 Percent in Q413

The student lender known as Sallie Mae, SLM Corp., reported fourth quarter profits for 2013 dropped 22% from the previous near. Net income fell to $270 million, for 60 cents per share, compared to $348 million, or 74 cents a share in the previous year, according to Business Wire.

Second Huge Booze Acquisition in Southeast Asia in a Week

The world’s largest brewery, Anheuser-Busch InBev SA, announced it will be buying South Korea’s Oriental Brewery Co Ltd (OB) for $5.8 billion, including debt.

Will Platinum Skyrocket During Strike?

Platinum prices spiked during the last week as the South African union representing the majority of workers in the world’s three top platinum mines has called for a strike.

Starbucks Lowers Prices: Sign of the Apocalypse or Time to Invest?

Starbucks is offering $1-off coupons to customers willing to test the taste of the company’s new “instant VIA latte” versus that made by its baristas.

JCPenney Goes from Bad to Worse

Former U.S. retail giant JCPenney will cut some 2,000 jobs in the near future and close down 33 of its department stores in an effort to save some $65 million a year.

GE Profits Jump 16% in Q413

Led by increased demand for its subsidiaries’ jet engines and turbines, General Electric (GE) reported Q4 earnings rose 16 percent compared to the same quarter the previous year.