Clik here to view.
Warren Buffett Buys Spanish Insurance Firm
Warren Buffett & President Obama – by Pete Souza Berkshire Hathaway, the organisation which is run by Warren Buffett, has released a statement confirming that it has bought Caixabank’s life...
View ArticleClik here to view.
Groupon Shares Continue To Tumble As Founder Stays Put
Groupon – by Groupon Events In a statement released on Friday, the board of directors at Groupon has announced that is fully supportive of founder and chief executive Andrew Mason’s position at the...
View ArticleClik here to view.
Timothy Geithner Warns That US Economy Could Fall Off Fiscal Cliff
Timothy Geithner & President Obama – by Downing Street Timothy Geithner, the US Treasury Secretary, has refused to rule out the possibility that the US economy would go over the fiscal cliff,...
View ArticleClik here to view.
Spain Requests EU Bank Bail-out
Spanish Parliament – by Manish S Gupta The Spanish economic ministry has confirmed that it has formally requested €39.5 billion of EU funds for its banking sector. The terms of the deal had already...
View ArticleClik here to view.
France And Belgium In Beer Tax Dispute
Stella Artois – by Harvey-Harv France and Belgium are currently embroiled in a fierce dispute over the price of beer. The disagreement was sparked by the French government’s plans to introduce new...
View ArticleClik here to view.
Citigroup To Cut 11,000 Jobs Worldwide
Citigroup – by Neil Pulling In a move which is designed to save as much as $1.1 billion a year in expenses, financial services giant Citigroup has announced that it is to cut 11,000 jobs worldwide....
View ArticleClik here to view.
€1.4 Billion Fine For Electronics Price Fixing Cartels
EU – by YanniCouts Major electronics firms including Samsung, Philips and Panasonic have been fined a total of €1.4 billion after the European Commission found them guilty of price fixing. The EC ruled...
View ArticleClik here to view.
Netflix In Trouble With SEC After Facebook Post
Netflix – by HNetflix Reed Hastings, Chief Executive of Netflix, has confirmed that the company has received a “Wells Notice” from the Securities and Exchange Commission. The action is being taken as a...
View ArticleClik here to view.
Bundesbank Cuts German Growth Forecasts
Germany – by Scott Cawley Germany’s Bundesbank lowered its growth forecast for 2012 to 0.7% from a June forecast of 1% while stating that growth for next year was likely to be just 0.4%, rather than...
View ArticleClik here to view.
Zynga To Gamble On Vegas Business
Las Vegas – by kinchloe Zynga, the social gaming company behind titles such as Farmville, has made a preliminary application to the Nevada Gaming Control Board which would allow the firm to offer “real...
View ArticleClik here to view.
German Economy Holds Firm Despite Rise In Unemployment
Germany – by Abel The number of Germans out of work rose for the ninth month running in December but the economy remains stable, adding to signs Europe’s largest economy remains relatively unscathed by...
View ArticleClik here to view.
Twitter Valued At $11 Billion Ahead Of Potential 2014 Flotation
Twitter – by Scott Beale US firm Greencrest Capital has valued the micro-blogging site Twitter at $11 billion ahead of a possible flotation in 2014. Market analysts had speculated that the IPO could...
View ArticleClik here to view.
Bank Of America In Fannie Mae Mortgage Settlement
Bank of America – by Mark Holloway Bank of America has reached an agreement with Fannie Mae on residential mortgage loans sold by the bank and its subsidiary, Countrywide Financial, to the agency...
View ArticleClik here to view.
Euro Crisis Is Over, Claims José Manuel Barroso
Jose Manuel Barroso – by European People’s Party European Commission President, José Manuel Barroso, has claimed that the threat against the survival of the euro is over. “I think we can say that the...
View ArticleClik here to view.
FTSE 100 Hits Pre-Crisis Levels
FTSE – by Itonic The FTSE 100 index reached its highest level since before the 2008 banking crisis today, powered by renewed optimism about the global economy. After two days of mild declines. the...
View ArticleClik here to view.
ECB Holds Interest Rates As Eurozone Shows Signs Of Improving
Mario Draghi – by European Parliament The European Central Bank has decided to hold its interest rates steady after recent surveys showed show signs of stabilization in Europe, suggesting an improved...
View ArticleClik here to view.
Concerns Over US Growth As Trade Gap Grows
Barack Obama – by Matt Ortega Fears have been raised about the strength of the US economy’s recovery after its trade gap with the rest of the world unexpectedly grew to its widest in seven months. The...
View ArticleClik here to view.
Moody’s Downgrades Cyprus Credit Rating
Cyprus – by Mark Winnipeg International credit rating agency Moody’s Investors Service has downgraded Cyprus’s government bond rating by three notches. On Thursday, the international credit rating...
View ArticleClik here to view.
Greece Approves New Tax Legislation
Greek Parliament – by magrippi The Greek parliament has approved new tax legislation aimed at boosting state revenues by €2.3 billion this year. The law, which was approved with the support of all...
View ArticleClik here to view.
Fiscal Uncertainty Threatens Auto Industry Recovery
Ford – by Angelus CZ Ellen Hughes-Cromwick, the top economist at auto-manufacturer Ford has warned that Washington’s failure to tackle its fiscal crisis and Europe’s ongoing financial woes still...
View Article
