How Do You Spell Economic Growth?; The Buck Still Hasn’t Stopped; Germany Puts the Brakes on Uber

Just keeps growing and growing…

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

New numbers are out today that wont leave you feeling numb courtesy of the Institute for Supply Management. And guess what, oh patient consumers of the US economy? Things are looking up. Really up. Like expanding, upwards – not that that makes any sense. According to this super-duper important index, manufacturing in the US grew and grew leaving the estimates of super-intelligent economists in the wind. From a 57.1, this index grew to 59. This is major. Majorly good, as anything above a 50 means growth is happening. Not only is growth actually happening but it’s happening at its fastest pace since March 2011. Cha-ching, baby. So what does this mean for all of us? It means that almost all manufacturing sectors are growing and giving fuel to our ever-stubborn and sometimes fickle economy. Which is way more exciting than the season premiere of Scandal. Ok, well maybe not that exciting.

Buck wild…

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

The Dollar store war saga is back on again with Dollar General Corp upping its ante for Family Dollar Stores Inc with an offer that is worth $9.1 billion. After doing some ridiculously long division, that comes out to $80 per share. A whole $1.50 more than the previous offer Family Dollar Store rejected. Apparently Family Dollar was “concerned” about antitrust issues. That and also Family Dollar Store CEO Howard Levine’s job. A successful deal between Dollar General and Family Dollar would probably require Levine to become thoroughly acquainted with LinkedIn. So Family Dollar was instead seriously entertaining a smaller offer from Dollar Tree. But Dollar General is so convinved that there will be no antitrust issues that it graciously offered to sell 1500 stores and pony up $500 million in the event that there are indeed antitrust concerns (which I guess means there are no antitrust issues?). Dollar General even generously offered a $305 million break-up fee to Dollar Tree. If that’s not devotion, then I don’t know what is. As for Levine, well, he might want to polish up his resume…

U-burn…

Image courtesy of digitalart/FreeDigitalPhotos.net

Image courtesy of digitalart/FreeDigitalPhotos.net

Uber hit the skids in Frankfurt, Germany after the courts there issued an injunction against the ridesharing app. The suit, not surprisingly, was brought by Taxi Deuschland who was losing lots and lots of business to the San Francisco-based company and watching the five year old company grow five-fold in Germany. Uber,  currently valued at over $18 billion, was “found” by the courts not to be operating with the proper and necessary commercial permits, licenses and insurance. Whatever. Naturally, Uber is appealing.

 

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