Posted in: Business by ileana | December 24th 2010 | no comments
The Skype Internet calling service, partly owned by eBay Inc faced the biggest outage in the last three years, and it is still in recovery. In the second day of the crash, 20 percent of the users still couldn’t use the service. This was the hardest challenge so far for its Chief Executive, Tony Bates. This outage came at the worst possible time for Skype since its clients were counting [...]
Posted in: Business by ileana | December 24th 2010 | no comments
Gillette will no longer renew its deal with Tiger Woods after their contract expires on December 31. Sometime in the first months of 2011, the Procter & Gamble brand is planning to phase out the marketing campaign of Gillette Championship, and cutting ties with Tiger Woods is part of the strategy
Woods is not the only one who will no longer serve as Gillette’s image. The company is [...]
Posted in: Business by ileana | December 23rd 2010 | no comments
People working at the U.S.-based food company Heinz in Wigan, Greater Manchester are preparing yet for another strike after the last meeting related to payment issues, as the union leaders announce. The date of the new strike is December 29 and the action is programmed to last for 24 hours.
This is not the single strike of this type that is expected to emerge in the near future. The [...]
Posted in: Business by ileana | December 23rd 2010 | no comments
The Greek parliament has just approved a new budget for 2011 that is especially created for this austere period. It is constructed so that the deficit shrinks from 9.4% of GDP to 7.4%. The most important cuts will be done starting January in sectors such as education or public transportation. The budget plan also provides a tax increase of 7%. A little more than half of the members of [...]
Posted in: Business by ileana | December 23rd 2010 | no comments
Ever since the housing market crash of 2008, the mortgage companies Fannie Mae and Freddie Mac tried to solve the issue of foreclosure with the help of some law firms that does the legal paperwork so as to remove the owners from their homes. Their procedures have [...]
