Archive for March 4th, 2012
Invest In Yourselves
Starting a new business can be at once overwhelming and rewarding. As time goes on, and as your business prospers, the day-to-day administration of your company may make it more difficult to actually enjoy what you have created. If you have reached this point already, you are undoubtedly looking for a way to keep your [...]
Kodak sells its online photography business for nearly $ 24 million
The photographic services company Eastman Kodak, in receivership since January, announced today an agreement with Shutterfly to sell for nearly $ 24 million its online photo service Kodak Gallery. “This sale is consistent with our objective of focusing Kodak in a business model where we can get more from our technological strengths and as a [...]
British banks borrowed 37,350 million euros from the ECB
British banks have benefited from a total of 37,350 million euros in the low-interest loans granted by the European Central Bank (ECB) in the two auctions this week and last December, reported the BBC. While the ECB has the loan program designed to solve the debt crisis in the euro area, which does not belong [...]
China takes new step in internationalization of the Yuan
China took another step Friday to internationalize the yuan, to extend its rules to allow all companies in the country pay their bill or international transactions in China’s currency. The central bank’s announcement on the extension of national rules highlights the success of a pilot program that lasted for two and a half to globalize [...]
BP reached a deal with the spill affected the Gulf of Mexico
The oil company BP announced today that it has reached a settlement estimated at 4,900 million pounds (7,800 million dollars/5.831 million) with those affected by the oil spill in the Gulf of Mexico, 2010. In a statement, the company states that the money will come from a compensation fund of 12,600 million pounds (20,000 million [...]
Rousseff travels to Germany with her criticism of European debt crisis management
The Brazilian president, Dilma Rousseff, will be received on Monday in Hanover by German Chancellor Angela Merkel, after stating that Europe has set off a “financial tsunami” with the measures taken to address the crisis. Rousseff’s trip follows an invitation from the German Government to participate in the inauguration of an exhibition of science, technology [...]
Demonstrations in Spain against the “bank abuses” despite the crisis
More than 30,000 people, according to organizers, marched Saturday in Madrid at the cry of “not a crisis, it is a scam”, as part of a protest under ten Spanish cities against the “subprime” and “serious abuses” of banking. “Hands up. This is a robbery” throwing protesters also marched in the family, to the sound [...]
Obama advocates cutting tax breaks to oil companies
U.S. President Barack Obama said Saturday that Congress should end the tax breaks for oil companies, totaling 4,000 million dollars a year, and said the United States should develop technologies to cope with energy problems. The president called for ending tax breaks for oil companies, totaling 4,000 million dollars a year. “These are the companies [...]
