Archive for 2012
Adverse Market conditions forces Brightsource Energy to back off from its IPO
Brightsource Energy has abandoned its IPO. Citing adverse market conditions stemming from a lack of public interest/funding in greentech solar companies, the company withdrew its plans to become listed and offer shares on the NASDAQ last month. Brightsource Energy, based in Oakland, California, is considered the United States leader in the development and application of solar energy for large-scale power plants.
World’s Biggest Airlines shaping up with the merger of US airways and American airlines
With a potential merger between US Airways and American Airlines already in place, the airline industry is experiencing yet another shakeup. If the merger is approved by the unions and the federal government, it would in effect create the largest airlines in the United States. There still lie a few challenges ahead for those who [...]
Snap, crackle, pop…crunch? Kellogg’s Adds Pringles to Their Mostly-Cereal Portfolio
Kellogg’s plans to sweeten its’ brand offering with a touch of salt in 2012. Their newest property is the recently purchased Pringles flagship, and the buy represents Kellogg’s effort to chip away at the growing international snacks market. But what’s a cereal monogamist like Kellogg’s doing in the international snacks market anyway? Well, it turns [...]
Eurozone Manufacturing slips while Asia is on a roll.
The manufacturing sector of Eurozone showed a sharp shrink in almost three years in April, while the data from Asia seems to be very impressive for the quarter. The numbers from the US manufacturing sector also showed a surprising rise in factory growth which left Eurozone as the weakest link in the economic chain with the austerity programs and fiscal crisis taking a toll.
Spain Downfall Strengthens Fears on Debt Crisis
The economic problems of Spain were put in strong relief after figures showed that unemployment is near 25 percent Friday.The figures showed that unemployment has spiked to 24.4 percent in the first quarter of 2012. Now people are afraid that France, the second-biggest eurozone economy, also could face a downgrade from S&P after the presidential elections.
World’s Biggest Armed Force – People’s Liberation Army
Chinese military is an integrated military organization of all – land, sea, strategic missile and air forces of the People’s Republic of China. The Chinese Army is the largest armed forces in the world, with approximately 3 million members.
Dropping Deutsche Bank Q1 Profit after Crisis Reduces Trading
Deutsche Bank AG reported a fall in its first-quarter net profit by one-third from a record level a year earlier. Deutsche Bank blames this on the sluggish client activity, which has continued to pressurize investment banking activities across the board and due to exceptional charges has resulted in the bank’s effort to reduce risks.
World’s Youngest CEO: Harli Jordean
Harli Jordean’s marble company has a long story behind its evolution. London’s tiny tycoon has been running the blooming, prosperous and successful marbleking.co.uk website for two years, selling anything from tubs of marbles to £599 limited edition Duke of York solitaire tables.
Vinci Construction
Vinci is a French construction and concessions company. Vinci was formerly called Société Générale d’Enterprises. There are over 179,000 employees working at Vinci and it is the largest construction company in the world by revenue. Vinci Construction offers our customers unparalleled breadth and depth of expertise.
Up, Up and Away at Mount Roraima
Within the heart of Venezuela’s dark and mysterious jungle lie islands, isolated islands of sandstone which have eventually been forgotten by time. Mount Roraima is the tallest of tepui plateau in the Pakaraima chain in South America.
Nokia Corp Reports Heavy Losses in Q1
The world’s biggest mobile handset maker, Nokia Corp., has made heavy losses in the Q1. Nokia says that it has faced much greater than expected competition and challenges in its ongoing strategy revamp.
Warren Buffett Diagnosed with Prostate Cancer
Warren Buffett was diagnosed Tuesday with prostate cancer, a development that would probably heighten the questions over his successor as the chief executive of his corporation, Berkshire Hathaway. However, Mr. Buffett has made it very clear that he would continue to run his corporation, writing to shareholders that the disease was in Stage 1 and that he had been told by doctors that it was not remotely life-threatening or even debilitating in any meaningful way.
Coca-Cola Profit Grow Beyond Analysts’ Estimations
The consumption of Coca-Cola Company’s countless beverages in India led to a growth in its sales around the world in the Q1, where volume soared 20 percent. The growth has definitely pushed the company’s earnings above what the analysts’ expected, that is, to $2.05 billion, or 89 cents a share, in the quarter ended March 31, compared with 82 cents a share in the same quarter last year.
Citigroup’s Q1 Profits Recoiled to $2.9 Billion
Citigroup made profits of $2.9 billion in the first three months of the year. Citigroup said that it had been helped by record revenue from processing transactions for its international clients and more customers repaying loans on time. Revenue fell 2 percent to $19.4 billion from the year-ago quarter.
Rise in Retail Sales Improves U.S. Economic Outlook
The Commerce Department said Monday that there was 0.8 percent rise noticed in retail sales increased 0.8 percent, after rising 1.0 percent in February. Some of the increase went to higher gas prices. U.S. Consumer spending accounts for more than two-third of its economic activity.
Yuan Band Move Indicates Improvements in the Economy
The doubling of Chinese Yuan trading band indicates official buoyancy in the strength of the economy’s expansion and suggests that the dismissal of Bo Xilai from the communist party leadership has not hampered the policymaking. The change that took effect Monday has added to Jim O’Neill’s confidence in a soft landing.
Leadership and 10 Great Leaders from History
Since the oldest times known to men, masses have been led by efficient leaders. Such men and women have been responsible for ushering their people into a new and more modern world as we know of it now. Leadership has been defined as a process through which a person influences and motivates others to get involved in accomplishment of a particular task.
A Reflection of Possessions – Luxurious Brands
Brands are purely a reflection of the possessions for the elitist consumers who are at the pinnacle of richness and affluence. These personalized luxury brands not only add glamor to one’s lifestyle, but also carry with them a class and panache, which is admired, appreciated and in some cases envied by others.
Coinstar Reports First-Quarter Profit to Top Previous Forecast
Coinstar Inc. heaved its first quarter forecast, stating cost efficiencies in obtaining content and higher demand for its movie rental kiosks and lower card-processing fees for Redbox. The after-hours trading saw a rush of shares for Coinstar.
