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T-Mobile, Sprint near agreement on new merger terms – WSJ

Deutsche Telekom AG , T-Mobile’s parent, will own 43% of the combined company, up from just below 42% earlier, the report added. T- Mobile US did not immediately respond to a Reuters request for comment, while Sprint declined to comment. Last week, a federal judge approved the merger deal, rejecting a claim by a group of states that said the proposed transaction would violate antitrust laws and raise prices. …read more […]

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Reduce Risk With the Kelly Criterion Investing Strategy

We have a moral issue with gambling. After all, one of our core beliefs is that wealth leads to Liberty. Therefore, gambling leads to slavery.
It’s a dangerous game.
We don’t partake.
Even so, we’re fascinated by the numbers behind it all. They’ve certainly guided our investment philosophy and made us a winning trader.
In fact, we’ve learned a lot from Edward Thorp – the math genius and professional gambler who turned the odds on Vegas and then revolutionized Wall Street.
He’s our kind of man – a thinker.
Even though he spent years in the blackjack game, Thorp would argue he’s not a gambler. He’s …read more […]

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Exclusive: France's Engie eyes U.S. energy services firm Ameresco – sources

The approach will test the appetite of Ameresco’s 72-year-old chairman and chief executive George Sakellaris to cash out. Sakellaris founded the Framingham, Massachusetts-based company in 2000 and remains its controlling shareholder. The sources cautioned that there is no certainty that Engie’s interest will lead to deal negotiations and an agreement with Ameresco. …read more […]