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Goldman Sachs preparing for a tomorrow without Euro

June 5, 2012
Goldman Sachs preparing for a tomorrow without Euro

In a conference sponsored by Sanford C. Bernstein, Gary D. Cohn, President of Goldman Sachs said that the bank is taking stringent measures to reduce its presence and exposure to European businesses. Moreover, the due diligence has reached to a level where all euro-denominated contracts were being screened for their ability to pay in...

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Verizon acquires Hughes Telematics for $612 million

June 4, 2012
Verizon acquires Hughes Telematics for $612 million

On Friday, June 1, 2012, Verizon Communications, branded as Verizon, announced that it has decided to acquire Hughes Telematics for a sum of USD 612 million in cash. In a statement released by Verizon, John Stratton, President of Enterprise Solutions, said, “In powerful combination...

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Fears Abound After Dow Falls

June 4, 2012
Fears Abound After Dow Falls

Photo: djevents The investor fears of a failing economy have people wondering if the government should bail out Wall Street.   The recent release of the employment report was somewhat less than what the economists had been expecting. This, along with the fears of...

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Fear-Ridden Market on Friday

June 4, 2012
Fear-Ridden Market on Friday

Photo by Lyfetime This week’s market showed very strongly the fears brought on by unexpectedly low employment reports and dreadful headlines from Europe. The data in the reports were...

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Facebook is far from over

June 2, 2012
Facebook is far from over

On its listing day, the shares of Facebook opened at USD 42.05, up by nearly eleven percent from the Initial Public Offering (IPO) issue price of USD 38 per...

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Kingfisher Airlines crisis: No more debt funding, says SBI Chairman

June 2, 2012
Kingfisher Airlines crisis: No more debt funding, says SBI Chairman

Pratip Chaudhuri, chairman of State Bank of India (SBI) has said that the government owned bank is not lenient with debt struck Kingfisher Airlines. Says Chaudhuri, “We are not...

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BCG President stresses on identifying opportunities in Europe

June 2, 2012
BCG President stresses on identifying opportunities in Europe

According to Hans-Paul Bürkner, president and chief executive officer of the Boston Consulting Group, Indian companies should continue to look out for lucrative buy out opportunities in Europe instead...

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Wednesday’s Stock Market Shows Skittishness

June 2, 2012

Wednesday’s stock market was a volatile one with the stocks themselves ending up a little bit higher, but Nasdaq falling.   In fact, all of the major indexes were...

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PayPal Moving Into Stores

June 2, 2012
PayPal Moving Into Stores

PayPal Inc is expanding its operations into the in-store market. Fifteen retailers are adding the company’s online payment system to their stores.   The company is owned by EbayInc...

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