With only a few months to go before Mark Zuckerberg takes Facebook into the world of publicly owned companies, the world’s largest social networking on-line tool has purchased Instagram for $1 billion. Promising that this type of purchase was not going to happen too often, Zuckerberg said that the acquisition of Instagram was “an important… Continue Reading
President Obama surprised a lot of people by choosing anthropologist and physician Dr. Jim Young Kim as the US contender to head the World Bank. His views on how to best develop economies, the mission of the World Bank, are not well-known; he is not a development scholar or a banker, or even an unofficial… Continue Reading
Though the loose ends of the debt crisis and economic turmoil throughout Europe have yet to be tied up, some experts believe that the negative take on the situation is the leading cause of slow growth. “This month’s acceleration in confidence about U.K. economic prospects supports our view that concern about the euro-zone debt crisis… Continue Reading
According to a quarterly survey conducted by The Business Roundtable, a group of CEO’s of firms whose combined yearly revenues come to more than $6 trillion, there is a perception of improved movement of the economic recovery, including plans of increased hiring. This improved optimism comes despite fears of a continuing recession in Europe. The… Continue Reading
Federal Reserve Chairman Ben Bernanke said on Monday that the Feds’ stimulation of the economy has indeed helped reduce the amount of unemployed in recent months, but warned that because of the size and duration of the problem there could result lasting damage to the US economy as a whole. “Recent improvements are encouraging,” he… Continue Reading
If you travel a lot then you know how important your luggage can be. Today your carry-on piece has taken on even more significance as airlines cut back on luggage allotments and many airlines charge extra for even one piece of checked baggage. Here is a look at five of the best ranked carry-ons which… Continue Reading
The continuing improvement in the performance of the US economy in recent months has fueled a significant rise in auto sales. As confidence improves consumers feel better equipped to make new car purchases. There is also a larger than usual number of people replacing old cars due to the fact that they held off making… Continue Reading
According to Joerg Asmussen, executive board member of the European Central Bank, it is now time for the ECB to begin planning its “exit strategy” from the unprecedented support the bank has used to prop up banks during the recent, and ongoing, debt crisis. “The time for an exit depends on what happens on the… Continue Reading
The Federal Reserve is still debating whether or not to embark on a third phase of quantitative easing, shorthand QE3, said William Dudley New York Fed president, a close confidant of Federal Reserve Chairman Ben Bernanke. Dudley believes that the economy’s recovery is still fragile, despite the recent signs of improvement. If not handled properly… Continue Reading
Bolthouse Farms, producer of vegetable juices, is owned by a Chicago-based buyout firm, Madison Dearborn Partners, LLC. According to three individuals privy to knowledge on the issue, it appears that Madison Dearborn is at the moment considering either a sale of Bolthouse, or going public with an initial public offering. Madison Dearborn has owned Bolthouse… Continue Reading