Monthly Archives: December 2009

According to the latest research in US, the country is expected to open up new opportunities for employement in 2010. Showing signs of recovery from the worst economic slump since the World War II, the various US employers are expect to hire more new workers in 2010 than they did in 2009. According to...

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The administrators of the European operations of the Lehman Brothers have announced that the company shall return assets worth more than USD 11 billion to the investors. More than 90 per cent of the affected investors at Lehman Brothers International Europe have voted in favor of the plan to return the assets. PricewaterhouseCoopers, announced...

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Warren Buffett’s Berkshire Hathaway has reported 21,000 lesser employees than its figures at the end of 2008 amid the global slowdown and a major slump at the firms manufacturing and retail units. The company, along with its subsidiaries, has about 225,000 workers. This is reportedly, 8.6 per cent lower than the 246,083 disclosed in...

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Intellicus announced today it has been selected as a finalist for Red Herring’s Global 100 award, a prestigious list honoring the year’s most promising private technology ventures from around the world. The Red Herring editorial team selected the most innovative companies from a pool of 1,200. The nominees are evaluated on both quantitative and...

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Japan unveiled a record USD 1 trillion (92.29 trillion yen) budget on Friday for the next financial year, clearly shedding light on the prime minister’s pledge to boost spending for child support. The record budget for the financial year starting April 2010 for the world’s second largest economy, came in the wake of country’s...

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On Wednesday, the International Monetary Fund (IMF) approved a USD 1.2 billion aid payment to Pakistan after a review of the country’s economic performance. The IMF bailed out Pakistan in 2008 to avert a balance of payments crisis. Earlier in November, the Fund said that Pakistan’s economy was showing signs of recovery. It however...

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Ford Motor co. announced on Wednesday that the company is close to selling its in-loss Volvo unit to China’s Geely. The company also announced that it is expecting the final deal in the first quarter of the New Year. In a statement released by the company, Ford said, “all substantive commercial terms relating to...

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Although less than the expectations, the US economy grew at a much slower pace in the third quarter, restrained by a relatively weaker business investments and a slightly more aggressive liquidation of inventories. The country’s Commerce Department’s final estimate revealed that the gross domestic product (GDP) of the country grew at 2.2 per cent...

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Think about how lucky we are. We buy that macho mean machine four wheel vehicle and thanks to auto insurance can almost forget about any worries. If there is an accident the insurance takes care. If there is a theft they take care. If we bang our car somewhere it is also taken care...

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The Indian government has imposed a penalty of a little over Rs 42 crore on the mobile operators for SIM cards bought on fake identity. This further refers to defaulting on subscriber verification norms. A Department of Telecom official said on Monday that the total amount of penalty imposed for SIM cards brought on...

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