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Yahoo To Cut Back 2,000 Jobs
New brooms sweep clean. In an effort to jumpstart growth, new Chief Executive of Yahoo Inc. (YHOO), Scott Thompson has announced to lay off 14 percent of Yahoo’s workforce or… Read more
Groupon Sued For Results
On Tuesday, the world’s biggest online coupon website organisation, Groupon Inc (GRPN) was sued by a shareholder accusing the company of concealing weak internal controls and deceiving investors regarding its… Read more
Google to Expand in China
Google Inc (GOOG) will not stop investing in China with a target on increasing its fast-growing advertising, mobile and display businesses, its Asia chief stated on Tuesday. During a visit… Read more
Will Roche Stop Its Bullying
Roche has recently shown its hostile behavior. The Basel health care giant who has been interest in acquisition of Illuminant Inc (ILMN) increased its bid for the second time to… Read more
Research In Motion Posts Loss, Cuts Ties
Waterloo, Ontario-based Research In Motion (NASDAQ:RIMM) posted yet another quarterly and continued the process of trying to save itself from extinction by clearing out more of upper management, firing former… Read more
Ista Pharmaceuticals Agrees on $500 Million
Bausch & Lomb a privately held health company proposed its bid to acquire Ista Pharmaceuticals Inc (ISTA) which has agreed on bid of $500 million. Bausch & Lomb will pay… Read more
Apollo Group Inc Reports Profit in its Second Quarter
Apollo Group (APOL) has recently announced its financial results for the second quarter according to which the company reported the net profit of $63.9 million or earnings or $0.51 per… Read more
Some Mutual Funds are Riskier Invested In Apple Stock
Due to phenomenal rise of Apple stock price (AAPL), some mutual funds have become riskier. Apple stock price has increased by about 50% this year. It has become a dilemma… Read more
Corzine Authorized Payment to JPMorgan
In other news water is wet. Like anyone ever believed that John Corzine wasn’t intimately involved in the very shady circumstances surrounding the dissolution of MFGlobal back in October. For… Read more
Goldman Raises its Ratings on LinkedIn
Goldman Sachs’ analyst Heath Terry recently released its upgraded ratings for LinkedIn (LNKD) making its highly attractive for investors. Goldman Sachs increased its target price for LinkedIn from $80 to… Read more
Nike’s Sees 3rd-Quarter Profit Increase
The world’s biggest manufacturer of athletic clothes and shoes Nike Inc. (NKE) announced on Thursday that its revenue increased all over the world particularly in emerging markets and North America…. Read more
iPad Sales Crosses 3 Million Figure
Apple Inc shocks everyone again with its figure of new launched iPad sales. According to the company almost 3 million of new iPads units have been sold since its launch…. Read more
