Tumble In The Price Of The Oil

Posted in: Business, Featured by Diana Miron | May 5th 2011 | no comments

While some of the things that are happening on an international level make United States to be proud of finally “defeating the enemy”, on the economic side things are not going as well as they are supposed to. Oil price does not reach the supposed target and it even tumbles 7%. The main reason [...]

Irish Debt Questioned By Moody’s

By Lucian Brasoveanu | July 13th 2011 | no comments

Wednesday, the Irish government announced that because Moody’s gave Ireland the junk status, it will be much more difficult for the country to return in 2012 the funds it has already received “through debt markets” and to generate economic growth despite the [...]

The Second Quarter Had A Slow Down Effect On China’s Economy

By Lucian Brasoveanu | July 13th 2011 | no comments

China’s economy managed to keep up the pace in the second quarter of 2011, although the growth was slightly slower than during the previous quarters. This is mostly due to the challenges that Beijing has to face these days considering the world’s economy. According to the numbers [...]

Cisco Expected To Cut 10,000 Jobs

By Lucian Brasoveanu | July 12th 2011 | no comments

Cisco Systems Inc. is the largest company specialized in producing networking equipment and it’s apparently planning to reduce the number of jobs by 10,000. That means 14 percent of its employees will be laid off. The measure is meant to improve the company’s profit [...]

Sonic Helps GM Take Automaking To The Next Level

By Lucian Brasoveanu | July 12th 2011 | no comments

Soon, the only subcompact car manufactured in the USA will roll out of an assembly unit located in Detroit which is as unexpected as the vehicle itself. The space occupied by the production line is half of the space used by a traditional plant. To streamline the activity all the [...]

US Trade Gap Increased by High Oil Prices

By Lucian Brasoveanu | July 12th 2011 | no comments

Because of the higher oil prices that have affected imports and exports, the trade deficit of the US has reached in May a value which is the highest since October 2008. The deficit has in fact increased by 15 percent. In April 2011 its value was of $43.6 billion and [...]

Sources Say Apple Patent Lawyer Is Leaving

By Lucian Brasoveanu | July 12th 2011 | no comments

Rumors say that the chief patent counsel of Apple Inc. is planning to terminate his contract with Apple in the near future. The timing is going to affect Google, because the company is currently in the middle of a large number of legal battles, according to reliable [...]

Gold Drops Due To Europe Crisis

By Lucian Brasoveanu | July 12th 2011 | no comments

For the first time in seven days, the price of gold dropped following the other drops of the most important commodities, including oil, due to Europe’s debt crisis. This European debt crisis helped the dollar achieve a higher price which determined a damping demand for raw [...]

California’s New Sales Tax Law Attacked By Amazon

By Lucian Brasoveanu | July 12th 2011 | no comments

Amazon is the biggest supporter of a referendum because it’s against California’s new sales tax law which is going to affect its sales. The current economic situation has determined many American states to try and find new sources of income. The solution was to collect [...]

Buyback Idea Revised After Crisis Hits Italy

By Lucian Brasoveanu | July 12th 2011 | no comments

The European Union is now going back to previous plans meant to help Greece keep its debt under control. By doing so, Europe’s finance chiefs are feeding their dispute with the central bankers, but the upcoming Italian crisis is leaving them no other choice. As bonds create [...]

The trade gap within the U.S keeps rising

By Lucian Brasoveanu | July 12th 2011 | no comments

The trade deficit within the US has reached its highest level. The spike in oil price that occurred in May, rose all the imports as exports declined. The U.S. deficit regarding international trade goods rose with more than 15 percent. From an originally reported sum of [...]

Google Plans To Open Research University In Germany

By Lucian Brasoveanu | July 11th 2011 | no comments

Google has announced today that it plans to open the “Internet research institute” in October 2011. The institute will be part of the Humboldt University which is one of the oldest German universities located in Berlin. The institute will be in fact the result of a [...]

Arch Bought For $1.2 Billion

By Lucian Brasoveanu | July 11th 2011 | no comments

The world’s largest producer of drug ingredients, Lonza Group AG decided to purchase Arch Chemicals Inc. The price paid for the transaction was of around $1.2 billion in cash and allowed Lonza to become the global leader of the killing bacteria and fungi business. The price per [...]

Oil Price Drops To One-Week Low in New York

By Lucian Brasoveanu | July 11th 2011 | no comments

Good news: the price of oil has reached its lowest level in a week, mostly because today’s concern about Italy which will apparently become another victim of the debt crisis. The rising concerns have allowed the dollar to gain some terrain in front of the euro while the low [...]

A $5 Billion Bid For Macarthur Coal

By Lucian Brasoveanu | July 11th 2011 | no comments

Peabody Energy and ArcelorMittal decided to become business partners and to offer $5 billion for the purchase of Macarthur Coal, an Australian company, which is the world’s biggest pulverized coal producer. The money offered by Peabody and ArcelorMittal represents around [...]

The Story Of The Guy Who Caught Derek Jeter’s 3,000 Hit

By Lucian Brasoveanu | July 11th 2011 | no comments

Luck was definitely on the side of a Verizon customer service representative when on Saturday a ball worth a six-figure check and a history page landed in his lap. 23-yer-old, Christian Lopez was able to catch the ball that represents the 3,000th hit of Derek Jeter, the captain of the Yankee team. The ball was “the victim” of a homerun to right-center, but the lucky spectator [...]

Free Slurpees Or Not?

By Lucian Brasoveanu | July 11th 2011 | no comments

7-Eleven, the largest convenience store chain in the US, is prepared to offer today its customers more than 5 million of 7.11-ounce Slurpees. This promotion is meant to celebrate the unofficial birthday of the store. Every 7-Eleven store will therefore have available around [...]

Black Monday On The Asian Shares Market

By Lucian Brasoveanu | July 11th 2011 | no comments

The US jobs report released on Friday affected most of the Asian markets which registered on Monday a decline because of the rising concerns regarding the region’s exports that are now affected by the US situation. The Chinese stocks had a good evolution on Monday and [...]

Airbus Competes Against Boeing Over Plane Order

By Lucian Brasoveanu | July 11th 2011 | no comments

Airbus, Europe’s largest aircraft manufacturer is trying to land a plane order made by AMR Corp’s American Airlines. In order to defeat its competitor, Boeing, Airbus is trying to win over AMR by including in the deal $6 billion as preferential financing. To make sure that [...]