UBS bid for the Swiss consumer lending business which is now in the hands of Gen for auction. The deal may possibly end up with 1.5 billion Swiss francs equivalent to $1.6 billion. The Swiss bank UBS story: Swiss bank UBS…
What are Insolvency Practitioners and when do I need one?
Many people believe that they only can call Insolvency Practitioners (IPs) when their company has actually become insolvent, but this is not entirely true. Before that, there are several situations where you might need an insolvency practitioner, like those cases…
The Link between Sleep Problems and Mental Health Problems
Research has proven that lack of sleep worsens psychological disorders. Scientists examined 500,000 participants and found out that participants who had disrupted sleeping patterns were at risk of suffering from mood disorders, sadness and loneliness. To make this conclusion, scientists…
Patent Case – Microsoft Corporation Vs Motorola
Motorola and Microsoft Corporation are bent upon on keeping the patent case between them secret from public view as well as are struggling hard for the settlement of the same. Both the companies have approached the federal judge in Seattle…
Possible Bankruptcy Filing by Edison Mission Energy
Power company Edison Mission Energy the unregulated power generation business of Edison International, having operations in dozens of U.S. states, may have to file a possible bankruptcy trying to restructure its debt of $5 billion. According to a source who…
Is Apple Inc. interested in TomTom NV..?
Wednesday trading on the Amsterdam Stock Exchange saw shares of Dutch suppliers of navigation applications TomTom NV surge. Followed by a prediction of a Rabobank International analyst that the US company Apple Inc. may be interested in a takeover, the…
Macy’s Share Buyback Program
Macy’s, Inc. (NYSE: M), one of the leading U.S department store retailers, hiked its share repurchase program by $ 1.5 billion, amounting the whole authorisation outstanding to $1.861 billion. Through the first 9 months of the current year Macy’s, Inc.…
Hewlett-Packard Gets Boost Over Carl Icahn’s Buy Rumors
The rumour of Icahn Enterprises’s interest in purchasing Hewlett-Packard Company’s share booms the share value of the PC manufacturers. The news that Icahn Enterprises, is building a stake in the company regains the confidence of the investors. The market Rumour:…
FedEx Overcharged Customers : E-Mail Says
FedEx Corporation is accused of overcharging its customer by billing business and Government offices at a higher residential rate, as known from the company’s sales executive through an internal E-mail. This unfair practice is continuing from last 5 to 6…
Recovery in Housing Sector
Goldman Sachs Group, survived the real estate recession five years ago, to see the housing sector recover again. After a long six years slump now the prices are recovering and market demand for properties has found a way to buyer’s…