Tag Archive
Microsoft And Yahoo Strike Deal
NEW YORK: Microsoft and Yahoo have finally come to a search deal and will announce the details of the agreement in the next 24 hours, according to a report.It is not clear whether the two companies have signed any official papers, but the negotiations of the deal, which also includes advertising, have finally come to… »
Bernankes And Feds Hardest Task Taking Back 1 Trillion
WASHINGTON (Fortune) — Business legend Jack Welch has already hailed Ben Bernanke as “a national hero” for the Federal Reserve chief’s aggressive moves to pump up the economy, but Bernanke’s work is not nearly finished. One of the factors that will influence the decision whether to reappoint him when his term ends in January is… »
Exxon And Electrovaya Unveil Electric Car Program
NEW YORK: Despite Exxon Mobil Corp.’s well-publicized stance in support of fossil fuels, the oil giant said on Tuesday that it is sponsoring a program to bring a zero-emission electric vehicle to Baltimore. The car, called the Maya 300, is a partnership between the oil company and electric-vehicle maker Electrovaya. Exxon (XOM, Fortune 500)… »
Deflation And Inflation Both Scaring Some Economists
NEW YORK: Should the Federal Reserve be more worried about the threat of inflation on the long-term horizon, or deflation in the short-term? It’s an important question to ask as the Fed’s policy-making committee prepares to release a statement about the economy on Wednesday.Those who fear inflation argue that the recent rise in oil prices,… »
Intel And Nokia Team Up On new Mobile Platform
NEW YORK (Reuters) — Intel Corp., the world’s biggest chip maker, and cellphone market leader Nokia, said they would work together on a new class of mobile computing device.Under the agreement announced on Tuesday, Intel will buy intellectual property from Nokia related to high-speed wireless technology and the companies also said they plan to… »
Exxon And Electrovaya Unveil Electric Car The Maya 300
NEW YORK: Exxon Mobil Corp. said it will unveil an electric car Tuesday through a test-drive and car-sharing program in Baltimore.Though it’s an oil company, Exxon (XOM, Fortune 500) has been working on an electric battery in partnership with electric-vehicle company Electrovaya. The two companies partnered with the Maryland Science Center for a one-month program… »
LSE And 3i May Rejoin FTSE 100
LSE and 3i may rejoin FTSE 100
The London Stock Exchange (LSE) and private-equity firm 3i are expected to rejoin the benchmark FTSE 100 index.Plumbing firm Woleseley may also return to the index of the UK’s 100 largest companies by market capitalisation on Wednesday. FTSE reviews the index every quarter, with companies getting promoted based on… »
GM And Citigroup Drop Out Of Dow
GM and Citigroup drop out of Dow
General Motors and Citigroup have been replaced in the Dow Jones Industrial Average by Cisco Systems and Travelers.Their relegation from the 30 members of the blue-chip index adds insult to injury following the fall from grace of the two once-powerful corporations. GM filed for bankruptcy on 1 June while… »
SEC And CFTC To Continue On Their Separate Ways
WASHINGTON: The Obama administration plans to release updated details in the coming weeks to guide Congress on the best way to reshape the nation’s financial regulatory system and prevent future collapses.It promises to be controversial and even politically dicey.In fact, the administration is already shelving one idea, because it’s just too messy.Treasury Secretary Tim Geithner… »
Facebook And Twitter Are Up MySpace Is Down
NEW YORK: Users spend more time on Facebook than any other social network site. Much more. But other sites are growing quickly, and experts say no social network is safely on top of the market.According to a report released Tuesday by Nielsen, Facebook users logged 13.9 billion minutes on the site in April. That compares… »