Software giant Microsoft, which has made a $44.6 billion unsolicited bid to take over Yahoo! Inc, has entered into serious talks with search major and the companies marked a dramatic change in tone, the Los Angeles Times has reported."Everybody -- shareholders, management alike -- is getting more reasonable. All of a sudden it seems like something is going to happen," the newspaper quoted a source as saying.
Indian household helps are among the lowest paid workers.
At a time when companies are cutting costs and jobs to tackle the economic downturn, global retail chain major Wal-Mart has doled out $933.6 million in bonuses to its workers.
The news of global IT giant IBM buying Sun Microsystems has been doing the rounds for years. So, despite the Wall Street Journal reporting that an approximately $6.5 billion buyout is imminent, analysts remain sceptical.
Some of the world's richest people climbed a very long way to get there.
Hinting at hard measures like further ban on exports to control rising prices, Finance Minister P Chidambaram has said inflation is also being stoked by cartel like behaviour in some sectors of Indian economy. Noting that soaring prices of rice and other basic food items are a matter of worry, Chindambaram said inflation is also being stoked by a mismatch of supply and demand and by cartel-like behaviour in some sectors of the economy. Export bans in steel were considered.
Asian shares dragged their feet on Tuesday.
Financier Bernard Madoff has pleaded guilty to all 11 charges in one of the largest swindles in Wall Street history. He faces as many as 150 years in prison when sentenced.
India's largest private carrier Jet Airways will report a full-year loss for 2007-08 fiscal and break even only in the financial year ending next March, said its chairman Naresh Goyal. Earlier in January, Jet Airways had reported a net loss of Rs 91.12 crore (Rs 911 million) for the quarter ended December 31, 2007 as against net profit of Rs 40.04 crore (Rs 400 million) for the year-ago period. Goyal expects Jet Airways to break even in the current fiscal, ending Mar 31, 09.
While poll participants were clear that they prefer a Democrat in the White House, when asked to pick between McCain, Obama and Clinton, the votes were tied. Voters prefer Democrats for issues such as the economy and health-care, but on terrorism and social issues, the Republicans came out as the preferred party.
Paying your date's bar tab with a coupon is not generally seen as the best way to impress. But as New York's singles' crowd comes to grips with the recession, it is starting to see such potentially embarrassing options as a better alternative to going broke.
Italian car maker Fiat is in talks to acquire 35 per cent stake in ailing American auto major Chrysler, says a media report.
Pakistan President Pervez Musharraf has said he is not planning to resign or retire despite his allies suffering a crushing defeat in the general election and asserted that he intends to stay in office to guide the democratic transition in the country.
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