Category archives for: Business

What went wrong with HP and where is it headed? – Part 4

Whitman’s eBay bought PayPal, the world’s largest online money transaction platform and intelligently integrated it into the online shopping system. To be honest, that could have been possible with a good partnership with Peter Thiel. But intentions were different. However, Ms. Whitman lost the opportunity to make PayPal coupled with eBay an online shopping giant. […]

Frantic efforts to come out of recession: The US looks forward to Turkey for help

Frantic efforts to come out of recession: The US looks forward to Turkey for help The U.S. Department of State’s Global Entrepreneurship Program (GEP) will lead a delegation of American entrepreneurs and early-stage investors to Turkey May 29 to June 2. The delegation will be led by the State Department’s Special Representative for Commercial & […]

Hewlett-Packard will lay off 27,000 employees

Meg Whitman has his scissors out in his hands and is proceeding to cut. The CEO of Hewlett-Packard confirmed that the Palo Alto technology company will proceed to a massive reduction in employment, with the goal of eliminating up to 27,000 jobs , or roughly 8% of the workforce. The announcement came in tandem with […]

SAP buys Ariba by 3,400 million

The struggle between SAP and Oracle, the two software business companies,took another turn as the German giants bought one of the few European multinationals that maintain the international pulse. SAP has reached an agreement to buy Ariba in a deal valued at 3.4 Billion euros, in an attempt to shorten the distance with Oracle who in recent years have grown on the back of […]

NEPRA raises Power Tariffs on account of retrograde fuel adjustment

NEPRA raises Power Tariffs on account of retrograde fuel adjustment Wednesday, May 23, 2012: Pakistan’s National Electric Power Regulatory Authority (Nepra) has once again raised the power tariffs by up to Rs1.79 per unit on account of nostalgic fuel adjustment for the months of February and March 2012. The increased tariffs will be reflected in […]

Tussle between power companies and oil supplier may worsen the energy crisis

Tussle between power companies and oil supplier may worsen the energy crisis Islamabad: (Wednesday, May 23, 2012) A lingering tussle between the power companies and the major oil supplier of the country over advance payments may aggravate the energy crisis in the country as power producers have lately become reluctant to buy petroleum products by […]

PEL eyeing Indian market

PEL eyeing Indian market Tuesday, May 22, 2012: Pak Electron Limited (PEL) wants to make the most of the improving ties between India and Pakistan, by rolling out its products in Indian Punjab, a market larger than all of Pakistan.  “Out of the 10 million units of refrigerators sold in India annually, we are hopeful […]

Yahoo’s Alibaba stake goes on sale – Internet News

The year 2012 has proved to be a bit harsh on Yahoo. In January, company lost its founding father Jerry Yang, who parted ways with Yahoo and Alibaba as well. In the month of March, Yahoo had a patent dispute with one of the very famous social networks, the FACEBOOK. On top of it, the […]

Marks and Spencer downs next year sales targets owing to the financial crisis in Europe

Marks and Spencer lowered its projected profits for new fiscal year in the light of some disappointing results in the year ended March 31, 2012. The decision is made in the light of last year’s performance and economic crisis in the European region. The largest clothing brand in the UK made a pretax profit of […]

Louis Vuitton remains top-seed in the roster of top 5 luxury brands

Louis Vuitton remains the most valuable luxury brand in the world with an overall brand goodwill valued at $25.9 Billion, the latest survey done by Millward Brown Optimor under the study banner BrandZ. The French handbag-makers showed a promising increase of 7 percent in the worth of their brand over the course of one year. […]

The World’s Two Youngest Billionaires Lose Combined $2.6 Billion in One Day

The World’s Two Youngest Billionaires Lose Combined $2.6 Billion in One Day The Nasdaq was up more than 2% on Monday but Facebook, the high profile social networking site that listed on its exchange on Friday, crashed and burned on its second trading day as a public company. That is not exactly news. Forbes has […]

Turkey request Pakistan to soften their stance on Rental Power Plant

Turkey request Pakistan to soften their stance on Rental Power Plant Monday, May 21, 2012: Pakistan government has rejected a request by Turkey seeking support for a Turkish Rental Power Plant, Karkey Karadeniz, whose accounts have been frozen following Supreme Court’s judgment that cancelled all rental power projects. The visiting Turkish Economy Minister Zafer Caglyan […]

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