Thfire.com Everyday news that matters Looks like there is no end to this. Facebook stocks continue to hit new lows everyday. We guess it could be because investors still can’t find the magic number for which Facebook is worth paying. Shares of Facebook dropped and closed on a new low on Wednesday. It dropped nearly 2.3 percent than the previous day and closed at $28.19. ... Read More »
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India to Open Stock Market to Foreigners
India wants foreigners to directly invest in it’s stock market. Till now foreigners could not make any direct investment in the stock market but they will be able to invest through Mutual Funds. So, why this sudden move especially after the uproar in the country over Foreign Direct Investment in the retail sector. They got their reasons, they want to ... Read More »
Investors growing worries on Google Stock
Google’s stock is exactly where it was in September 2007, and it has fallen 9% since Eric Schmidt announced in January that he’d be stepping down as CEO. The problem, investors say, is that for every reason to believe in Google (GOOG, Fortune 500), there seems to be a counterbalancing reason for concern. The company is growing rapidly, but antitrust ... Read More »
AT&T buys T-Mobile for $39bn deal
Deutsche Telekom has sold T-Mobile USA to rival AT&T for $39bn (£24bn), creating the largest US wireless network. The deal sent Deutsche Telekom’s shares to their biggest daily gain yet, and gives AT&T about 43% of the US mobile market. The deal still needs approval from regulators. It also gives the German telecoms giant the cash to buy backs shares ... Read More »
Bank of America Website Down!
Bank of America’s website has been down most of the morning and there’s no sign of any progress towards restoring the site. The bank is responding to users about the problem on Twitter via @BofA_Help. The website hasn’t been responding for about 6 hours for some users. A BofA spokeswoman has said the problems began for the bank’s website at ... Read More »
iPhone4 Pre-Orders Stopped Due to High Demand
AT&T suspended iPhone 4 pre-orders Wednesday after demand overwhelmed inventory. Apple and AT&T took pre-orders for over 600,000 of its new iPhone 4. It was the largest number of pre-orders Apple has ever taken and far higher than anticipated, according to Apple. AT&T, exclusive U.S. carrier for Apple’s iPhone, said it will resume taking pre-orders when additional inventory becomes available. ... Read More »