On Friday, the single currency, euro, gained against the United States dollar and the Japanese Yen on hopes for a rescue package for Greece but gains were capped before a key meeting on Monday with investors hesitant to make big bets before a U.S. holiday weekend.
Greece edged closer to winning the 130 billion euro rescue [...]
Archive for the ‘Business Reviews’ Category
Euro Rises Ahead Of Eurozone Meeting
February 22nd, 2012 
admin 
Posted in Business Reviews 
Tags: euro, eurozone, holiday weekend, rescue package, single currency 
No Comments »Megaupload Faces More Copyright Charges
February 20th, 2012 admin According to a new indictment released on Friday, a U.S. grand jury added more charges against file-sharing website Megaupload and its executives. The jury also accused the company of taking copyrighted content from sites such as YouTube for its own service.
Kim Dotcom, the founder, and six others employed by the site were charged with eight [...]
Wall Street Falls After Disappointing Retail Sales Data
February 15th, 2012 admin On Tuesday, the S&P 500 index retreated from near a seven-month high after weaker-than-expected January U.S. retail sales data curbed appetite of investors for risky assets.
The 0.4 percent rise in retail sales fell short of the 0.7 percent increase forecasted by economists polled by Reuters and indicated cutbacks in car purchases and online shopping.
“The data [...]
Greek Parties Delay Bailout Talks
February 14th, 2012 admin On Tuesday, Greek political parties delayed yet again making the tough choice of accepting painful reforms in return for a new international bailout, The bailout is required for avoiding a chaotic default and Greek parties were seemingly deaf to EU warnings that the euro zone can live without Athens.
Leaders of the three parties in the [...]
James Murdoch To Quit GSK board
January 28th, 2012 admin Facing scrutiny over his role in a phone hacking scandal at the News of the World tabloid, James Murdoch is to step down from the board of GlaxoSmithKline, Britain’s biggest drugmaker said on Friday.
“James Murdoch has decided to stand down from the board with effect from this year’s AGM,” GSK Chairman Christopher Gent said in [...]
Wall Street Gains 1 Percent
January 20th, 2012 admin On Wednesday, stocks jumped to their highest since July as the IMF sought to help countries hit by the European debt crisis, while forecast-beating earnings from Goldman Sachs dispelled some worries over bank profits.
The stronger-than-expected earnings from Goldman Sachs Group Inc followed Tuesday’s disappointing results from Citigroup and JPMorgan Chase & Co last week.
Willingness of [...]
Hungary Central Bank Bill Is Key Issue, IMF Chief
January 11th, 2012 admin The managing director of International Monetary Fund, Christine Lagarde, said legislation of Hungary on its central bank will be a key issue at the country’s talks next week with the IMF.
European Union and the European Central Bank have criticized a new bill affecting the Hungarian central bank for possibly hurting the bank’s independence.
“We are obviously [...]
Small Business Payrolls Rise In December
January 5th, 2012 admin Small businesses created 55,000 jobs in December and increased working hours for employees to indicate that the labor market was strengthening.
Payrolls processing company Intuit said on Wednesday that workers at small businesses saw a rise in their paychecks last month.
The jobs market is showing signs of firming, with the unemployment rate dropping to a 2-1/2-year [...]
Boeing wins U.S. missile contract
January 2nd, 2012 admin The Pentagon said on Friday that Boeing Co beat out Lockheed Martin to retain its position as the prime contractor for the U.S. long-range missile shield.
Boeing was awarded a $3.48 billion, seven-year contract to develop, test, engineer and manufacture missile defense systems, according to the U.S. Defense Department.
“We believe the government conducted a fair and [...]
Posted in Business Reviews Tags: antimissile protection, Boeing, missile defense systems, Pentagon No Comments »Reliance Communications close to PE deal
December 28th, 2011 admin The Times of India reported on Monday that Indian mobile phone carrier Reliance Communications is in the final stages of talks with private equity firms Carlyle CYL.UL and Blackstone (BX.N) to sell its tower unit.
The deal that may be worth $4 billion is expected to be announced in the next two weeks, the newspaper said [...]
Posted in Business Reviews Tags: mobile phone carrier, private equity, Reliance Communications No Comments »
