Business

The UK economy has slowly slided back into recession. Britian is now officially in recession for the first time since 2009. Would this cause panic across the world and fuel another global recession ? The most feared double dip recession will be a reality ? The Office for National Statistics said economic output as measured by gross domestic product fell ... Read More »

Apple stocks is in cloud 9 in Wall St. After Apple posted it’s profits that blew away everyone’s expectation. It was way higher than anyone could have ever imagined! Apple is now the most valuable company in the world! In fact, today Apple is the stock that propelled NASDAQ. Apple’s stock shot up more than $50 a share Wednesday after ... Read More »

Facebook on Monday filed an amendment to its S-1 documents originally submitted to the U.S. Securities and Exchange Commission on February 1. This has somehow reached the media. With its IPO date reportedly set for May 17, the social networking giant has published new stats that reflect growth and revenue over the last fiscal quarter, which ended on March 31. ... Read More »

Looks like Yahoo will be losing a lot of it’s services as Yahoo’s new CEO Scott Thompson has planned to discontinue any products that are no longer related to Yahoo. Yahoo’s chief executive has confirmed plans to shut down dozens of products that are not seen as core to the firm. Scott Thompson announced the move to analysts following the ... Read More »

The richest man in the world, Warren Buffet has revealed that he has early prostate cancer. He has been diagnosed with early-stage prostate cancer, but he tried to reassure his company’s shareholders that the condition is “not remotely life-threatening.” The 81-year-old chairman and CEO of Berkshire Hathaway Inc. said in a letter to shareholders that the two-month radiation treatment he ... Read More »

Facebook once a modest start-up has now turned into a big bad company that is gobbling innovative start-ups. After the accusation of Instagram, Facebook has now acquired Tagtile, a San Francisco based start-up that helps rewarding loyal customers. Facebook’s acquisition of Tagtile for an undisclosed sum came on the heels of a billion-dollar deal to acquire the startup behind wildly ... Read More »

Despite it’s efforts Rite Aid, U.S third largest drugstore chain has posted a loss for the 5th consecutive time. But this time through vowing to it’s efforts it has managed to bring down it’s losses. While the chain is seeing a loyalty program, closing stores and remodeling others pay off, it continues to spend, and Thursday’s results marked its 19th ... Read More »