Tata Acquires Jaguar/Land Rover For $2.3 Billion
Region: Illinois
Updating an earlier news article, Tata Motors of India has acquired the coveted Jaguar luxury brand and Land Rover segment from Ford for $2.3 billion. The sale comes amid stiff competition from Asian car-makers and declin... more
Views: 2134Sony BMG Announces Unlimited Music Subscription Service For All Digital Music Players
Region: United States
Guetersloh, Germany (Groundreport.com) - Sony BMG Entertainment has announced a music subscription service for its users. The service is compatible with a variety of digital music players and - including Apple's iPod - off... more
Views: 1865Microsoft Reportedly To Up Bid For Yahoo In Battle For Search Engine Market Share
Region: Washington
In an effort to rob Google of its leadership in the search engine business, Microsoft is expected to woo Yahoo with a higher bid than the $31-a-share on the table. Analysts say despite an initial r... more
Views: 1701JP Morgan Sweetens Bailout-Bid For Bear Stearns
Region: United States
JP Morgan Chase has upped its bid for ailing financial firm Bear Stearns to $10 a share from a previous $2 per share bid. Emerging reports suggest that the sweetened bid is expected to convince shareholders at St... more
Views: 1691U.S. Economy To Grow Just A Tad Bit In 2008
Region: United States
The Organization for Economic Cooperation and Development, also known as OECD has warned the U.S. economy is on the verge of a recession. (BBC News). Nothing new there. Alan Greenspan has said that as well and for so... more
Views: 1150Demand For Oil On The Decline As Recession Looms
Region: United States
In theory, the demand for oil should decline in the wake of a recessionas drivers become more conscious of higher energy prices that effect their discretionary spending. Though the market for oil-based prdd... more
Views: 129275 Basis Point Rate Cut Sents Stocks Soaring
Region: United States
According to media reports, a three-quarter point cut in the Federal Reserve's benchmark interest rate sent stocks skyrocketing on Tuesday. In a stiff battle against the contagion of the credit crisis, the Fed took its ... more
Views: 1266Gold Hits $1000/Ounce On Declining Dollar, Record Oil Prices
Region: United States
Amid rising oil prices and a declining dollar, gold futures have risen to a whopping $1000 an ounce, according to published reports Thursday. In Asian trading, the greenback was down below a 100 yen - that's its weakest i... more
Views: 1532Are You A Biollionaire In The Making?
Region: United States
According to an article on Forbes.com, born billionaires see things differently - their visions are far reaching. In other words, people like Warren Buffet, Bill Gates, and Mexican telecom tycoon Carolos Slim are a cut ab... more
Views: 1735Wall Street Down On More Credit Woes; Home Foreclosures Hit Record High
Region: United States
New York, NY - Despite a good run in the previous session, shares on Wall Street was down in early trading. Some of the drag on the markets emanate from yet more credit market woes. Also affecting stocks in the U.S.... more
Views: 1421
