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Twitter IPO $1 billion

Twitter Inc., the microblogging social networking company, plans an initial public offering (IPO) of $1 billion. It has filed a document with US regulators. Last month, Twitter announced it was planning to go public. This Twitter IPO will…

Dollar poised to struggle, Forex.com

Forex.com sees the U.S. dollar as possibly the ugly sister among the top ten economies (G10) in the world, as fiscal issues start to bite. The Federal Reserve’s decision to carry on with its QE program* bodes for another potentially…

The effects of a shutdown on the economy

Two days after the U.S. government and federal offices ground to a halt, a growing number of people are wondering what the effects of a shutdown might be on the economy. Opinions differ significantly. Elaine Garzarelli, head of Garzelli…

Merck cutting a further 8500 jobs

Pharmaceutical giant Merck & Co, known outside the USA and Canada as MSD (Merck Sharp & Dohme), will cut its workforce by a further 8,500, revamp its research and development, and reduce marketing and administrative costs. Merck…