Facebook Sued Over User Privacy Breach

Dipika Rangasami, Editor (Business)   CALIFORNIA- Facebook Inc. is facing legal prosecution over allegations that reveal a breach in user privacy. The allegations accuse Facebook of profiting...

Singapore seizes consumer and construction industries of Philippines

Economy of south-eastern Pacific region attracts attention of many countries. Singaporean investors consider the infrastructure and consumer projects as excellent opportunities to increase wealth. The...

US Fiscal Cliff Looms

Barney Willis, Editor (North America)   WASHINGTON - With automatic spending cuts due to take place at the beginning of 2013, fears about the economic future of...

Songbird decline Canary Wharf offer

Last week the deal to buy Canary Wharf Group came to an end as the price offered to Songbird Estates Plc. is not enough to buy the business district of...

Credit Suisse Group planning to sell US private bank?

ZÜRICH - Switzerland-based multinational financial services holding company, Credit Suisse Group, aims to sell its US private bank and further cut down its prime brokerage business, according...

Economic Crisis and the Individual

  Tia Oja, Correspondent (Business)   The impact of the economic crisis is often covered from points of views of the big and powerful. News stories revolve around...

Greece on Their Way out of the Eurozone?

Saleh Sadi, Editor (Business)   TOKYO - Greece is most probable to leave the Euro zone within a time frame of six month or less, stated the...

GM Names First Female CEO

  Dipika Rangasami Editor (Business)          DETROIT — In a historic move, General Motors Co. (GM) named Mary Barra as the next Chief Executive Officer earlier this...

What Will Now Happen to the Washington Post?

Vinayita Bhobe, Correspondent (Business)   NEW YORK — Jeffery Bezos, the founder and chief Executive of Amazon.com has finalised the purchase of one of USA’s most reputed...

Thumbs down for US’s platinum coin idea

  Tia Oja, Correspondent (Business)   WASHINGTON - Platinum coins as a solution to US’s rising debt has been turned down. The Democrat’s idea of solving US’s financial crisis...