The economic news from London is a bit encouraging as the Office for National Statistics announced that 13,700 fewer jobless-benefit claims were made in March, representing the largest reduction in claims in one month since July 2010. It is expected that the improved figures will help to boost the popularity of Prime Minister David Cameron… Continue Reading
Facebook’s IPO is already expected to be the largest in history, and the internet company has just revealed that it is expanding its initial public offering even more. As the most popular online social network, Facebook has upped the stock price range from $28-$35 to $34-$38 per share. The sale may raise as much as… Continue Reading
After the recent resignation of Yahoo CEO Scott Thompson, the online giant looked inward to find an interim leader for the company, choosing an advertising veteran Ross Levinsohn. Levinsohn has a BA from the American University and is 48 years-old. Levinsohn said about his company: "There aren't many platforms like this in the world. I've… Continue Reading
Recent data from the INSEE national statistics institute has revealed that France’s economy has not advanced at all in the first quarter. The news is hardly a surprise, as France grapples with low household demand, a drop in investments, reduced exports and increasing levels of imports. Though France, one of the largest economies in the… Continue Reading
The largest international carrier in Asia has revealed that economy fares have fallen as much as ten percent since the start of 2012. The situation is a result of lessening travel demand as economic turmoil persists. In an interview with Bloomberg in Hong Kong, Cathay Pacific CEO John Slosar explained the current market conditions and… Continue Reading
Contrary to previous forecasts, China’s economy faced a minor setback this past April as output data disappointed, retail sales fell and prices were eased slightly. Industrial output advanced at its slowest pace in three years, while fixed asset investment growth fell to its lowest in nearly a decade. The falter reveals that the real estate… Continue Reading
According to Inmarsat Plc., the company’s quarterly core earnings increased as a result of its maritime unit. “Subscriber growth of over 10 percent in the first quarter continues to underpin our expectations for improved results in 2012,” said Rupert Pearce, Chief Executive. This year’s first quarter proved beneficial for the mobile satellite company, with core… Continue Reading
Facebook is about to release its IPO, and many investors have undoubtedly taken an interest in the development. However, both Warren Buffett and Charlie Munger, Buffett’s business partner, have declared that they will not be investing in the tech company. “We never buy into an offering,” Buffett said. “The idea that something coming out…that’s being… Continue Reading
According to data released by TrueCar.com, the increased popularity of trucks and SUVs has resulted in a slightly lower fuel economy of cars and trucks this past April. To be exact, the fuel economy average of new vehicles was 23.3 mpg in April, in comparison with March’s 23.4 mpg. The small change comes as gas… Continue Reading
According to analyst Steven DeSanctis, the head of US small-cap strategy at Bank of America Merrill Lynch Global Research in New York, it may be a good time to invest in small-cap technology companies. Due to cheap valuations and conservative earnings estimates, small-cap tech companies are now more attractive investments, especially after being handicapped by… Continue Reading