Category archives for: Finance

Chinese Commercial Advertisement Portrays Kate Middleton as “Gold Digger”

Chinese Commercial Advertisement Portrays Kate Middleton as “Gold Digger”

A recent Chinese commercial tourism video portrays that the Duchess of Cambridge, Kate Middleton, only married Prince William for the sake of money. The video was created by the Chengu Association for Cultural Exchange with Foreign Countries to promote Panda Cabs in Chengu City. Prince William, Kate and Queen Elizabeth II, portrayed by actors Simon […]

US Citizenship For Sale: Foreign Investors Flock United States

US Citizenship For Sale: Foreign Investors Flock United States

Eduardo Saverin, Facebook co-founder, drew public attention and ire last month following the revelation that he had renounced his U.S. citizenship, a move widely seen to dodge taxes. Yet thousands of wealthy foreigners are lining up to replace him, making investments here and putting themselves on a path to citizenship in the process. The State […]

Nasdaq Offers $40 Million to Cover Facebook Investor Losses

Nasdaq Offers $40 Million to Cover Facebook Investor Losses

Nasdaq OMX Group Inc announced it will offer cash rebates totaling $40 million to compensate clients affected by the problems with Facebook Inc’s initial public offering, an amount well short of the losses claimed by top market makers for the IPO. After approval by regulators, $13.7 million would be paid to its affected member firms […]

Data-Stealing Cyber Virus Discovered in Iran

Data-Stealing Cyber Virus Discovered in Iran

Security experts have recently discovered a high-end computer virus in Iran and the Middle East believed to be deployed at least five years ago to engage in state-sponsored cyber espionage. Evidence suggest that the virus dubbed as Flame, may have been built on behalf of the same nation or nations that commissioned the Stuxnet worm […]

Titanic II Construction Funded by Australian Billionaire, Set to Sail in 2016

Titanic II Construction Funded by Australian Billionaire, Set to Sail in 2016

Titanic II will soon be sailing the high seas within the next few years! Clive Palmer, a billionaire from Australia with an estimated worth of more than $5 billion, said he had commissioned a state-owned Chinese company to design and construct an exact copy of architectural design and accurate dimensions of the ill-fated Titanic.  He […]

Rude Employment Reality: 1 in 2 New Graduates is Jobless or Underemployed

Rude Employment Reality: 1 in 2 New Graduates is Jobless or Underemployed

The college graduates of 2012 are in for a rude welcome to the world of work. An unstable labor market already has left half of young college graduates either jobless or underemployed in positions that don’t fully use their skills and knowledge. Young adults with bachelor’s degrees are increasingly getting lower-wage jobs – waiter or […]

Gasoline Prices Continue to Rise

Gasoline Prices Continue to Rise

What usually comes to mind when we hear “spring” is the picture of a green meadow with beautiful blooming flowers.  But another creepy scene comes along — prices of gasoline gets more expensive. It is worse than usual this year wherein the average price of gasoline could surpass $4 per gallon nationwide as early as […]

“Pink Slime” Forces Leading US Beef Processor to File Bankruptcy

“Pink Slime” Forces Leading US Beef Processor to File Bankruptcy

AFA Foods, a US leading ground-beef processor, was forced to file for bankruptcy protection on Monday, blaming media of dubbing one of its products “pink slime.” The company said it was forced to file for Chapter 11 bankruptcy protection “given recent changes in the market for its ground beef products and the impact of media […]

U.S. Focused On Faster Economic Growth

U.S. Focused On Faster Economic Growth

It is imperative that the U.S. economy grows more quickly to address the growing unemployment problem of the country, Ben Bernanke, Federal Reserve Chairman, said on Monday. Bernanke said the staggering decline of the country’s employment rate, which dropped rock bottom to 8.3 percent in February from 9.1 percent last summer, was “somewhat out of […]

UPS to buy TNT Express for $6.77B

UPS to buy TNT Express for $6.77B

United Parcel Service Inc. announced on Monday it has agreed to buy TNT Express NV for $6.77 billion (€5.16 billion) in a deal supported by TNT’s boards. UPS’s cash offer of €9.5 ($12.51) per share for TNT – Europe’s second-largest express delivery company after DHL – comes a month after TNT management turned down a […]

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