artickles
companies and people: We publish snippets about organizations and key figures making headlines. Facebook's hundred trillion dollar valuation, Apple's iPhone7000, the future of the recession, CEOs getting hired and fired - you'll find it here.
day in the life: Countless professionals seeking employment opportunities live under an illusion of what jobs truly entail, mainly due to the lack of proper resources explaining otherwise. Day in the life aims to clarify these pretenses in a creative way and more importantly by involving you. Click on "submit your own" to tell us about your job and you may be featured on our website!
day in the life: Countless professionals seeking employment opportunities live under an illusion of what jobs truly entail, mainly due to the lack of proper resources explaining otherwise. Day in the life aims to clarify these pretenses in a creative way and more importantly by involving you. Click on "submit your own" to tell us about your job and you may be featured on our website!
skyping and spying
01 August 2012
Microsoft owned, Voice over Internet Protocol (VoIP) service and software application company, Skype, denied making system changes that permit law enforcement greater access to its user conversations. The company claimed that changes were made solely to improve 'user experience and reliability' and that actual call data bypasses its equipment going directly from one user's equipment to another. Calls with more than two parties are the exception as the server needs to aggregate streams from multiple users in order to direct them to clients.The issue first came to light more than a year ago when a technology blog posted that Microsoft ...
look back
yahoo has nothing to be happy about
09 May 2012
Activist hedge fund with a large stake in Yahoo, Third Point, has asked that its CEO, Scott Thompson, be fired after discovering that Thompson does not actually hold a degree in computer science. Last January, Yahoo appointed Thompson, president of online payments firm Paypal, as its new CEO. Thompson apologized to staff in a memo on Monday but did not explain why he had listed a degree he had not ...
business as usual for the billionaires
18 April 2012
Business magnate and legendary investor, Warren Buffett, announced to shareholders of Berkshire Hathaway that he has been diagnosed with stage I prostate cancer. According to the American Cancer Society, over 70% of men diagnosed with prostate cancer do not die from the disease. Buffet, 81, said his condition is not life-threatening and his daily routine will not change. Buffet rose to success by turning Berkshire Hathaway into a multi billion ...
here here america again
17 April 2012
The World Bank chose Korean-American, Kim Yong Kim as its new president, maintaining the US hold on the position and leaving developing countries questioning the selection process. Kim, 52, assumes his role on July 1 when the bank's current president, Rovert Zoellick, steps down. Most leaders of the World Bank are politicians, bankers or diplomats however, Kim is a physician and anthropologist. His competition for the job was the finance minister of ...
banks do business
16 April 2012
Temasek Holdings, an investment company owned by the government of Singapore, agreed to buy Goldman Sachs's shares in the Industrial and Commercial Bank of China (ICBC). ICBC is the world's largest bank, by profit and market capitalization, and one of China's 'big four' state-owned commercial banks. Temasek Holdings will add $2.3b worth of ICBC shares to its portfolio, increasing its stake to 1.3%. State-owned banks are major drivers ...
home of the turnaround
05 April 2012
The number two hamburger giant will re-list its shares (traded under the BKC ticker between 2006 and 2010) on the New York Stock Exchange (NYSE) within the next few months. 3G Capital, a New York-based investment firm, will be selling a 29% stake in Burger King for $1.4 billion to London-based, Justice Holdings Ltd. and holding the remaining 71%. As Justice Holdings Ltd. is already publicly listed on the London Stock Exchange (LSE), ...
taking bites out of apple
20 March 2012
The electronics giant said it will use its extraordinary amount of cash to start paying dividends to shareholders (quarterly dividend of $2.65 per share starting from July 2012) and to purchase back some of its shares through a share repurchase programme (up to $10b of its own shares starting 30 September 2012). This will be the first dividend declared by Apple since 1995, more than 17 years ago! It ...
red bull gives you wings
19 March 2012
Chaleo Yoovidhya, the man behind the magical energy drink formula, Red Bull, died on 17 March 2012 at age 88. At the time of his death, he was listed at the third richest man in Thailand with a net worth of $5 billion and the 205th richest man in the world according to Forbes Magazine's billionaire list. Chaleo was born to extremely poor Chinese immigrants and worked as a salesman ...
not so royal
23 February 2012
Royal Bank of Scotland (RBS) reported its fourth consecutive year of extreme losses since its massive bailout in 2008, posting losses of £2b, almost double from the year before. Share prices fell ~50% last year, now standing at a mere 27 pence. In 2008, RBS reported the largest annual loss in UK corporate history, and following its ~£45b bailout, became 82% state owned. The majority of its 2011 losses can be ...
