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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...
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...
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...
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...
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...
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...
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...
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...
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...