Category Archives: News Today

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Apple to revolutionize Television

It’s well known that Apple abhors the leak of its new products. The world’s only firm with a market cap of half a trillion is popular for making releases on the biggest of scales. The wait , which is agonizing, … Continue reading

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Dewey & LeBoeuf files for bankruptcy;Recession and rapid expansion led to downfall.

Dewey & LeBoeuf, the global law firm, has filed for bankruptcy in a New York court citing the formation in the economic downturn coupled with the expansion policy was responsible for its decline. In a Chapter 11 filing, the firm … Continue reading

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Jobs data and Greece to decide outlook next week

Latest measure of the jobs growth will be in spotlight in the upcoming week on U.S stock markets, however that will compete with the attention Greece is likely to get over its exit from the euro zone. Its like the … Continue reading

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JPMorgan risk committe has a museum head, formerly on AIG board

Among the directors overseeing risk at JPMorgan Chase & Co , one of them is a museum head , the ex-committee member of AIG Inc.’s governing body way back in 2008 , who is a grandson of a billionaire and … Continue reading

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Dow wins $2.16 billion arbitration against PIC

The Petrochemicals Industries Co of Kuwait , the state-run chemical firm , has to pay Dow Chemicals $2.16 billion as per an arbitrator’s ruling for cancelling a joined venture in plastics planned by the two firms in 2008. The ruling … Continue reading

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Facebook stock plunges 18 % below the IPO price

Stock of Facebook Inc. continued to plunge as it dropped by another 8 % in early morning trading and after pulling back a little was trading at 3 % at the time of reporting. Facebook shares slid by as much … Continue reading

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China has direct access to U.S Treasury bonds : Reports

In a highly unprecedented move , the U.S Treasury Department in June 2011 had granted the direct-bidder status, allowing a direct purchase from the government,   to the Chinese government. On the other hand all major central banks have to purchase … Continue reading

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Google given just a few weeks to clear anti-trust issues

Google Inc., if it wants to avoid complaints and subsequent penalties, must submit the remedies in a matter of few weeks for assuaging the concerns of EU regulators in the antitrust issue, according to EU competition commissioner Joaquin Almunia. Google … Continue reading

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Student Loan Bubble: Hundreds of Colleges at Risk

Amongst the hottest topics , which are at the center stage of attention, is the student loan/debt bubble. The magnitude , the impact and size of this issue is a huge anchor weighing down on the future generation and the … Continue reading

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Shareholders sue JPMorgan on trading fiasco

In two different lawsuits , JPMorgan was targeted by the shareholders , in which the bank and its management was accused of taking excessive risk resulting into the trading loss which could be well in excess of $2 billion. Less … Continue reading

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