Penta, the German digital-only bank account for startups and SMEs, raises €2.2M seed

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Penta, the German digital-only bank account for startups and SMEs, raises €2.2M seed

Penta has set out to address this and other unmet SME needs, such as tracking employee spending and automating accounting and invoicing. “We ultimately concluded that business owners want a fully digital bank that's easy to use and that has the apps and products they need to help them scale
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Broadcom Raises Qualcomm Hostile Bid to About $121 Billion

Before reports of Broadcom's $70-a-share offer in November, Qualcomm's stock had been trading at less than $55, partly because of worries its earnings would continue to be hurt by customers such as Apple refusing to pay. Investors contacted by Bloomberg at the time of the initial bid said they would
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Why the Growth Bears Have It Wrong

According to the latest estimates from Bloomberg, the consensus sees growth running in place at about 2.5 percent in each of the next four quarters. Considering growth ran 2.5 percent in 2017, we'd hardly describe the current narrative as one of acceleration. Instead, the consensus can more accurately
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Retailer Bon-Ton files for Chapter 11 bankruptcy

Bon-Ton Stores Inc., one of the largest regional department store chains in the U.S., sought bankruptcy protection on Sunday as discussions with its debt holders have yet to come to a conclusion.
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Here's the Trump Tax Loophole Your Accountant Can Blow Wide Open

The tax code already specifies an official list that includes health, law, accounting, actuarial science, performing arts, consulting, athletics, financial services and brokerage services. But that language is “broad and vague and the IRS has never provided guidance as to what those terms mean,” Nash said.
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