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 [...]
Archive for the ‘Business Reviews’ Category
James Murdoch To Quit GSK board
January 28th, 2012 
admin 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 »Brent Rises Above $104
December 22nd, 2011 admin On Friday, Brent crude futures rose above $104 on concerns about supply disruption after the U.S. Congress approved a bill imposing sanctions against the central bank of Iran. The bill limits ability of the buyers to pay for oil they buy from the Islamic Republic.
Brent crude that rolled over to February as the prompt month [...]
Audi A8L 3.0 TDI – Test Drive
December 16th, 2011 admin If there was ever a dream vehicle for luxury car enthusiasts, it has to be the 3.0-litre diesel version of the latest, cutting-edge Audi A8L. In other words, Audi has gone all out in making the Audi A8L 3.0 TDI something truly special.
The clarity of its displays, simplicity of the layout, and quality of the [...]
Posted in Business Reviews Tags: Audi A8L, Audi A8L 3.0 TDI, Audi car, car, luxury car No Comments »Gold Hit By Market Sell-Off
December 3rd, 2011 admin Gold was down in late U.S. morning trade but was lifted off its lows over concerns about euro zone economic slowdown and fears that France could be sucked into its spiraling debt crisis.
The metal largely ignored news that John Paulson, the billionaire financier, slashed a third of its ETF bullion holdings in the third quarter.
From [...]
Posted in Business Reviews Tags: debt crisis, economic slowdown, euro zone, morning trade, safe haven, Wall Street No Comments »Nuclear Watchdog Board Rebukes Defiant Iran
December 2nd, 2011 admin On Friday, the U.N. nuclear watchdog board censured Iran over mounting suspicions it is trying to develop nuclear weapons.
However, Tehran said this move would only strengthen its determination to press on with sensitive work.
From Reuters.com:
Almost unanimously, the agency’s 35-nation board passed a resolution expressing “increasing concern” about Iran’s nuclear program, after a U.N. report last [...]
Posted in Business Reviews Tags: nuclear program, nuclear talks, nuclear watchdog, nuclear weapons No Comments »
