Harvard University $6.5bn capital campaign
Harvard University has launched a $6.5 billion fundraising campaign, the largest ever fundraising effort in the…
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Blackberry to cut 40% of its workforce
Blackberry announced that it will cut 40% of its workforce globally, i.e. 4,500 jobs, in an attempt to reduce its…
Houston is the powerhouse of America today
Having recovered over 201.9% of all jobs lost during the Great Recession, Houston is the powerhouse of America…
India raises repo rate to 7.5% in surprise move
India’s new central bank governor Raghuram Rajan surprised markets today by raising the repo rate - the rate at…
Boom and bust drivers may be all in the mind
Do traders have instinctive biological mechanisms that drive them to predict how others behave, creating financial…
Fed stimulus package remains intact
The Federal Reserve surprised everybody by deciding to keep the $85 billion monthly Fed stimulus package intact.…
Novartis eye care unit Alcon accused of bribery in China
Swiss pharmaceutical giant Novartis AG says its eye care unit, Alcon, is accused of bribing doctors in more than…
European car sales fall 5% in August 2013
European car sales fell 5% in August 2013, after rising 5% in July, according to a new report by the European…
Microsoft announces $40 billion share buyback, boosts dividend 22%
Microsoft Corporation has increased its quarterly dividend by 22% and announced a $40 billion stock buyback plan.…
Industrial production up 0.4% in August, USA
Industrial production increased by 0.4% and manufacturing by 0.7% in the USA in August, compared to no change and a…
Yahoo stocks climb back up
Yahoo stocks hit $30 for the first time since February 2008, when Microsoft made an unsolicited bid to acquire the…
Foreclosure starts fall 8% in August, USA
Overall foreclosure filings - default notices, scheduled auctions and bank repossessions - in the United States…
August retail sales disappoint, USA
August retail sales rose by 0.2%, compared to a revised 0.4% in July, the US Commerce Department informed.…
70% of of global incremental energy demand will come from Asia
Over the next two decades more than 70% of global incremental energy demand will come from Asia.
The news was…
Inequality grows in America
The difference in income between the 1% richest and the other 99% was higher than ever in 2012, researchers from…
Consumer reaction to flattering salespeople
Even if they believe a compliment is sincere, consumers tend to have negative reactions to salespeople’s flattery,…