Posted by admin on Wednesday Oct 28, 2009
Filed under :Business
The Gold prices have shown some respite in the last two weeks, with the price coming down to around 1030 dollars yesterday. Just two weeks back, the Gold prices reached a multi-year high of 1067 dollars to an Ounce in the London Bullion Market due to sustained buying by China, Japan and India.
The buying might continue from individual high net worth individuals over the next few months in view of the global economic uncertainty. So expect Gold prices to remain high.
Posted by admin on Wednesday Oct 28, 2009
Filed under :Business
The US government is likely to fund another five billion dollars to GMAC, the finance arm of General Motors, in order to avoid the company going under. The funding is likely to be done over the next week, which would make GMAC the only company to get three rounds of funding from the US government.
The US government has already paid 12 billion dollars to GMAC and further investment would be needed to avoid another downward spiral for the automobile industry, which is already in weak condition.
Posted by admin on Tuesday Oct 27, 2009
Filed under :Business
The April to September 2009 period is also seeing a sharp drop in the circulation numbers for the top 400 newspapers in US. The newspaper industry has been in a downswing ever since 2007 due to the improvement in the internet technology.
More and more people are searching and getting all the news they want through their laptops or mobile, from the internet. There has been a 10% decline in the circulation volume in the April-September 2009 period, on top of the 7% decline reported in the year 2008.
Posted by admin on Thursday Oct 22, 2009
Filed under :Business
Around the end of 2007, crude oil prices were over 100 dollars and the entire world was talking of the prices going past 200 dollars in a year or two. That pushed all the gulf countries and also other oil producers like Brazil and Russia to commit billions of dollars on many new oil exploration and field development projects.
But the crash of crude oil prices in the middle of 2008 forced most of these projects to close down abruptly. Now, with the crude prices moving back to 75 dollars, many of these stalled projects are being revived by the OPEC members and that might help in improving the crude oil supplies in the future years.
Posted by admin on Wednesday Oct 21, 2009
Filed under :Business
The launch of Microsoft Windows 7 across US and Europe is planned to start tonight and initial indications are that it could be a big success for MS. The success of Windows 7 could well eclipse the failure of the earlier OS version Vista last year.
The success of Windows 7 also would help Microsoft to generate billions of dollars of additional revenue through aggressive pricing for piracy hit markets like China and India.
Posted by admin on Sunday Oct 18, 2009
Filed under :Business
You need to have the right kind of shoes for your feet , from both comfort and safety point of view. And when you go to your shoe shop in the nearby shopping mall, you will find that they do not carry many brands and designs.
This is where a dependable online stores can help you out.
www.walkingonacloud.com is one such dependable single point resource for all your shoe requirements, as they carry all the leading brands of shoes. The Finn Comfort Shoes are for those who are very particular about the comfort for their feet. These shoes have multi-layer in-soles which give you utmost comfort for your feet.
And for those office going ladies, the Beautifeel Shoes are really worth considering both from design and comfort points of view.
How is that these people are able to offer all the leading brand shoes at discounted price ? The secret is in their sleek business model. Their business model removes all the middlemen between them and the buyers.
Also their business model does not have high overheads which the shopping mall guy has to anyway bear.
And the website is very user friendly and helps you to shop by brand and for men and women seperately.
So the next time you have a need to buy shoes, it may be worth checking out with www.walkingonacloud.com.
Posted by admin on Wednesday Oct 14, 2009
Filed under :Business
The JP Morgan results announced yesterday were more than enough to push the Dow Jones past the 10000 mark after nearly a year gap. The company announced a six fold increase in net profits and has also projected a higher profit in the current quarter.
Many other US biggies are set to announce their September 2009 quarter results in coming days. And one or two of them might announce lower than expected profits, and can cause a fall in the stock markets across the globe.
Over the last three months the global markets have gone up substantially and most of them are trading near 52 week high levels.
All of them need a reason to crash and one of the US biggies might just provide that in the next two weeks.
Posted by admin on Monday Oct 12, 2009
Filed under :Business
Bank of Japan was forced to start pumping in billions of Yen funds into the corporate sector since the end of 2009, when the global financial crisis started hitting Japanese markets also. And BoJ opened a corporate bonds and commercial purchase window, to help out the corporate sector with cheap short term and medium term funds.
The strong recovery in the corporate bond markets and also the stock markets have revived the ability of corporate sector to raise cheap funds directly from these markets.
Hence BoJ is planning to close down the corporate bond markets window on December 31st 2009, as per original schedule. That is indeed a positive signal about the state of Japanese corporate sector.
Posted by admin on Thursday Oct 1, 2009
Filed under :Business
Many people are always on the lookout for a job in their local town / city, and often end up not getting the right job. And simultaneously you also find many companies looking for suitable employees, without much success.
www.caretakerjobs.net is there to unite these two groups and provide caretaker employment for all those genuine job seekers with suitable employers locally.
Just log into their user friendly website for further details.
Posted by admin on Wednesday Sep 30, 2009
Filed under :Business
The Detroit businessman who promised to takeover and run the Saturn brand from GM, has finally confirmed that the deal has failed. The key reason behind the failure of the deal is Renault, which has gone back on signing a related agreement with the Detroit businessman.
The Saturn deal failure is expected to cost GM badly, and also could result in another 13000 people losing their jobs across US.