News from:http://economictimes.indiatimes.com/news/international-business/forbes-media-to-explore-a-sale-of-the-company-says-ceo-mike-perlis/articleshow/25839706.cms, http://www.businessinsider.com/forbes-is-reportedly-exploring-sale-of-magazine-2013-11

Forbes Media CEO Mike Perlis said in a memo earlier this Friday, that “We’re organizing  a process to test the waters regarding a sale of Forbes Media. We have hired Deutsche Bank to represent us, and we expect interest from numerous suitors.” He also stated that Forbes Media hired the bank after receiving “serious” overtures to buy the company around $400 million to $500 million.

Forbes Media is well-knows for its annual rankings of the richest people in the world. according to data compiled by the Alliance of Audited Media(http://abcas3.auditedmedia.com/ecirc/magtitlesearch.asp), Forbes’ magazine had an average circulation of 932,884. It holds a special vision of the American economy and influences a large number of people. It also develops its own magazine style.

However, the appearance of Internet have changed people’s life greatly. Nowadays, people prefer using cell phones and computers to read news, e-books and e-magazine, so less and less people are willing to buy paper magazines. The status of all the paper industry including Forbes Media is threatened. As a result, every company has to find a way out, like selling the company and get more money to innovate.

News from：http://economictimes.indiatimes.com/news/international-business/mcdonalds-to-spend-up-to-3-billion-on-new-restaurants-remodeling/articleshow/25778336.cms

The world largest hamburger chain, McDonald’s announced on Thursday that it is going to spend $3 billion next year to open 1,600 new restaurants and remodel about 1000 restaurants it has now. As it is stated in the news, “McDonald’s recently has struggled to meaningfully expand sales at established restaurants after years of outpacing its rivals, last month trimmed its 2013 capital spending outlook by $100 million to $3 billion and delayed some new restaurant openings until next year due to softness in China and some other emerging markets.”

We all know that such a big corporation like McDonald’s, the company grows much bigger, the more challenge it will face. At the moment McDonald’s is struggling from its sales revenue and it plans to open more restaurants to deal with it. In fact, from a customer side, I think there are other ways to handle it. The company can come up with more ideas about fast food, like burger sandwiches, New Orleans roasted chicken wings, etc. Sales not only come from how many stores the company owns, but also depends on how attractive the products and the service the company offers to its customers.

http://money.cnn.com/2013/11/12/news/companies/us-airways-american-airlines-antitrust/

According to CNN, American Airlines and US Airways merged together to be the largest airline. It is said that the Justice Department has reached a settlement with two airlines that they are required to sell facilities at seven airports to finish their merger. Meanwhile, under the agreement, the lower-cost airlines will increase their presence at many airport in United States.

The new airlines will give up several slots at different nation’s airports due to the antitrust law. Because of the appearance of the new slots, the competitions between airlines will be more intensive, breaking the present peace between each other. Other airlines will try their best to buy the slots and find more attractive destinations in order to gain more profit. Customers are expected to benefit from this merger. The involvement of different airways in the same air line means more choice for the customers. After the combination, they are easier to buy less expensive tickets and different selections for the airlines because of the rivalries, what’s more, the profit of the new airlines will not be affected.

The value of Bitcoin virtual currency triples yesterday. In the afternoon, it rose to $321 dollars per Bitcoin, which is a new record. The previous record was set on Wednesday, about $272 dollars per Bitcoin. Over the last week, the price of the Bitcoin grew by 44.6 percent due to the fact that recently the awareness of Bitcoin currency has greatly increased since more and more people know Bitcoin.

Bitcoin is a type of peer-to-peer digital virtual currency introduced in 2008. It is not controlled by banks but relies on networks between computers. People also can exchange Bitcoin into real currency like US dollars and Euros.

In the past, investors like to store gold because they think gold never depreciate. After gold price dropped tremendously in April, 2013, they start to whether they should switch their attention on Bitcoin. It is safer and global. The owner has his/her own right to use it and can access it through any computer in the world. Because the number of Bitcoin is limited, we can predict that Bitcoin currency definitely will appreciate in the future. Its future is clear and bright.

Twitter resets its IPO price earlier today to the $23-$25 range. According to MicroVentures CEO Tim Sullivan, the demand for Twitter shares in the private market is very high. Using microeconomics concepts, the number of customers in the market increases, the demand will shift to the right which means the demand increases.As a result, the equilibrium price will increase. MicroVentures has been tracking the price of Twitter shares in the private market for a long time and they find that people bid the price from $15 per share last summer to $35 per share recently. Although the price in the private market is not used by banks to set the real share price, but it shows how people are crazy about Twitter shares and thus investors will hold an optimistic attitude about Twitter.

Twitter may meet the same situation as Facebook did last year since demand is so high and the price as well. It is true that they have different IPOs and Twitter’s seems much better than Facebook’s. Investors are expecting Twitter, but nobody can predict the future. See what happened to Facebook! Anyway, we still want to see the day that Twitter goes public.