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.
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 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.
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.
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.
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.
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 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.
BrightSource Energy Inc., a California solar-power developer, plans to go public, in spite of an unenthusiastic market for solar companies and an uncertain outlook for renewable-energy firms. A 392-megawatt solar-thermal power plant is being built by BrightSource in the California desert and BrightSource also plans to build several similar facilities in the U.S. Southwest.
Las Vegas Sands Chairman and CEO Sheldon Adelson, the U.S. billionaire, launched its long-delayed fourth resort, Cotai Central on Wednesday. It is a $4.4 billion complex that is its latest bet on continued strong growth in the world’s biggest gambling market. The executives of Sands China Ltd. inaugurated the Sands Cotai Central opening the doors to a traditional Chinese dragon dance, high-wire tightrope performance and the unveiling of a 5,500 pound bronze and gold ‘God of Fortune’ statue.
The president of Boeing Jim Allbaugh signed an agreement with Frederico Curado of Embraer after the annual meeting of a public-private partnership group that ties the two countries together. This deal clearly would increase the competitive pressure on Airbus.
E-Trade Financial Corp’s former chief executive, Donald Layton, has come out as the front-runner for the top job at Freddie Mac, which is a government-controlled mortgage-finance giant. Donald Layton met with Freddie’s federal regulator last month and is one of three finalists being considered for the job. The regulator met two weeks ago with a second candidate, Shekar Narasimhan, who runs a housing-finance advisory firm.
Under the pressure of shareholder, to make changes as revenue falls, AOL plans to sell and license patents to Microsoft in an agreement worth $1.06 billion. AOL shares climbed the most in two years. Soar AOL rose 43 percent to close at $26.40, the biggest one-day increase since Nov. 25, 2009. The shares had lost 8.2 percent of their value in the past year before Monday. Microsoft, meanwhile, fell 1.3 percent to $31.10 Monday.
Yukio Edano, Japan’s Economy and Industry Minister said Monday that two nuclear reactors tentatively met government safety standards although completing the improvements might take several years. But, Japan’s Nuclear reactors are in process of paving the way for final approval for their startup soon.
It has been a fourth consecutive session for the fall of Asian stocks after Friday’s weak U.S. employment data and China’s faster-than-expected inflation numbers hurt risk appetite while Japanese exporters were hit by a stronger yen. Investor confidence in the U.S. economic recovery was shaken by a sharp slowdown in U.S. non-farm payrolls data released on Friday.
China has set up a rare earth association. China still continues to face criticism over its policies for this. But China will continue to clean up the rare earth industry, enlarge rare earth environmental controls, toughen environmental checks, and execute stricter rare earth environmental policies.
Brazil does not plan to offer new incentives for automakers, but the government has not stopped taking steps to boost the competitiveness of other industries, Trade and Industry Minister Fernando Pimentel said in an interview.Last week Brazil announced a series of tax breaks and promoted credit to help struggling manufacturers and to speed up the country’s weak economic recovery.
Imagine a world of information popping in front of your eyes with a simple voice command.It would be a normal day in a normal man’s life, with the only difference, that this man only has to speak to the device on his head for obtaining answers to simple questions.
Spectrum Pharmaceuticals is poised to land another cancer drug with its planned acquisition of Westminster-based Allos Therapeutics Inc. for up to $206 million cash, plus additional consideration if certain milestones are met, as prospects weakened for one of its own cancer drugs.
Stocks fell leading S&P end its worst week of the year as growing pressure on Europe’s debt markets revitalized concerns about the region’s financial stability. The Dow Jones industrial average and Standard & Poor’s 500-stock index dropped, falling for a third straight day.