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Abu Dhabi gives $10bn to Dubai to service debts
Dubai’s decline into financial crisis has been more spectacular than its rise. Until a month ago, the official word from Dubai was that the emirate’s finances were in good order, but in late November world markets fell on news that the Dubai World conglomerate was unable to service $26bn in debts. Now Abu Dhabi has given Dubai $10bn, some of… Read more
Google sees record $1.6bn profit
LOS ANGLES: Google has reported its highest quarterly profit, suggesting that the Internet advertising market is bouncing back from the recession. Google reported net profit of $1.64bn (£1bn) between July and September, up 27% on the same period a year ago.
The World’s Best Companies
A commitment to innovation, diversified portfolios, aggressive expansion, strong leadership, and a clear vision for the future—these are just some of the strategies employed by the best companies to get to the top of the World’s Best Companies/Global Top 40 list compiled for BusinessWeek by management consulting firm A.T. Kearney. Two groups stand out: technology and telecommunications companies that have… Read more
BusinessWeek has named Nintendo as the world’s best company
BusinessWeek has named Nintendo as the world’s “best company,” using criteria such as “commitment to innovation, diversified portfolios, aggressive expansion, strong leadership, and a clear vision for the future” as reasoning for putting the Wii-maker top. We’re pretty sure that can be translated as “made lots of money,” but what do we know? Google and Apple came second and third,… Read more
Japanese market down 10.5 percent this year
According to Famitsu figures, the Japanese market shrank by 10.5 percent in the first half of the fiscal year. Hardware sales are down 15.1 percent, with software down 7.5 percent. Figures: DS First Half Fiscal 2009: 1,698,818 units Life-to-date: 27,851,784 units PSP First Half Fiscal 2009: 813,604 units Life-to-date: 12,618,193 units Wii First Half Fiscal 2009: 594,398 units Life-to-date: 8,547,552… Read more
HMV sales up 12.5% for the past 18 weeks
HMV has revealed that UK and Ireland sales were up by 12.5 percent and like-for-like up 1.7 percent, for the 18 weeks leading up to August 29 with sales up 4.4 percent across the whole group. “In a tough consumer environment, the Group has made a solid start to the new financial year,” said CEO Simon Fox. “Our plans for… Read more
SEGA releases Q1 09 figures
SEGA has released it’s financial figures for Q1 2009 ending June 30, and company-wide revenue was ¥60.5 billion ($638.4 million) net, down 19 percent year on year. The company reduced its loss from 10.5 billion ($110.8 million) to 10.3 billion ($108.6 million) year-on-year, with 2.65 million software units moved worldwide. Home videogame software sales were largely firm, but other aspects… Read more
Electric cars could dominate U.S. roads in 2030
SAN FRANCISCO : Electric car sales could jump to 86 percent of U.S. light vehicle sales in 2030 if consumers don’t have to buy batteries themselves, according to a University of California, Berkeley study to be released on Monday. A company called Better Place and emerging rivals plan to offer pay-per-mile plans, similar to cell phone minutes. A family would… Read more
Current situation of Pakistan Job Market
Pakistan is always struggling with its Job market situation and creates employment opportunities never the same. An unforeseen situation in the country and Government polices always varied which effects seriously on job market. Factors affecting the Job Market: The deteriorating law and order situation in various parts of the country forced the investors to offload their investments. The news of… Read more
U.S. Has Entered “The Greatest Depression”
Prison Planet.com Tuesday, March 3, 2009 Trends research analyst Gerald Celente, who has risen in prominence on the back of his deadly accurate economic predictions, says that the collapse of financial markets heralds the start of “The Greatest Depression”.In his latest Trend Alert bulletin, Celente attacks mainstream pundits who falsely predicted a market bottom and the start of a recovery, noting that conventional analysts have been… Read more
