On Monday, September 2, 2013 Microsoft announced that it is buying Finnish company Nokia’s phone service business for $7.2 billion. Microsoft will become the owner of smartphone and cellular handsets business of Nokia which it is paying $5 billion as well as the Devises and Services unit. Total price that Microsoft agreed to pay will […]
Heads of states of the G-20 Summit to meet in September 2013
At the beginning of the month, heads of states of the G-20 Summit will meet in Russia. The idea of meeting world financial powers to discuss issues was first introduced by the then Canadian Prime Minister, Paul Martin, and the first financial ministers meeting took place in September of that year. The G-20 consists of […]
Dwindling funding cause trouble for WikiLeaks
WikiLeaks came to the attention of the whole world after several U.S. secret documents were released by the online Web site. WikiLeaks founder Julian Assange holed up in Ecuadorian embassy in London his anti-secrecy Internet site is facing financial trouble according to some reports on the Internet. When Assange revealed classified U.S. secret documents obtained […]
U.K. regulators choose a new operator for Libor after the scandal
A scandal that found banks rigged Libor rates to increase their trading profits brought the internationally used little known but widely used interest rate measure to the limelight. The London Interbank Offered Rate (Libor) is the average interest rate estimated by London banks to charge to each other for borrowing. Rates are published daily and […]
Detroit, the largest city to date to file for bankruptcy
On July 18, 2013, the City of Detroit filed for Chapter 9 bankruptcy. It is the largest municipality in the U.S. history to file for bankruptcy. The filing also significant because its debt estimated at $18 to 20 billion, way more than the bankruptcy filing by the Jefferson County, Alabama in 2011 at $4 billion. […]
The Difference between a License Suspension and a Revocation
It’s always nerve-wracking when you see those red and blue swirling lights in the rearview mirror, especially if you know you had a little too much to drink before getting behind the wheel. When you meet with your drunk driving lawyer, it’s important to know what questions to ask. One of the most common questions […]
Billionaire Jeff Bezos buying the Washington Post
On August 5, 2013, the Web, print media and air waves dominated the news of billionaire Jeff Bezos of Amazon is spending $250 million of his own money to buy the Washington Post. The Post as many call it is faced with dwindling subscriptions and ever decreasing revenue. Within the last five years its revenue […]
Shared Office Space is Now Offered All Over The Country
Guest post is provided by Premier Business Centers, offering shared office space all over the county in Dallas, Beverly Hills, and Newport Beach. Don’t take your chances on finding office space if you travel to meet clients. Traveling businesspeople are renting temporary office space all over the country, from executive suites in Newport Beach, to […]
European Union expanding with admitting Croatia
In July 2013, Croatia is celebrating its entry into the European Union (EU). It will be the 28th EU member and the third poorest country in the EU after Bulgaria and Romania. It will also be the EU expansion since 2007 when it last admitted Bulgaria and Romania. Croatia became an independent country in 1991 […]
Streets of Egypt once again filled with demonstrators
Egyptians once again took to the streets in massive demonstrations in Cairo and other major cities throughout the country demanding that President Mohamed Mursi resign. He has been selected as the first Egyptian president elected by the public a year ago. Certain questionable actions including excessive power grab, taking a direction dominated by the Muslim […]