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Chinese Alibaba Could Redeem 20% Stake From Yahoo for $7 Billion
China’s Alibaba Group is close to an agreement with Yahoo to repurchase a stake of 20% of its shares from the U.S. company for $7 billion, Bloomberg announced on Sunday, based on information from a source familiar with the matter. The acquisition...
World Bank: If Greece Exits the Eurozone, Spain and Italy Might Collapse
The most likely case of Greece leaving the eurozone would raise serious concerns for Spain, Italy and other countries in the monetary unit with large debts, which are passing through structural reform programs, said World Bank President Robert Zoellick,...
Coty Still Wants to Buy Avon
Coty, the American company with operations in the field of cosmetics, raised its bid for Avon Products, another American company by 6.45% to $10.65 billion, with the support of investors such as Berkshire Hathaway, the group of billionaire Warren Buffett,...
Apple Might Launch a Low-Cost MacBook Air
Apple seems to take seriously the competition coming from the ultrabook laptops and is preparing to extend the series of MacBook Air ultraportable laptops with a low-cost model, in a price range not exceeding $799. Ready to be launched around the shopping...
Sarkozy Promises a Surprise for the Election Tomorrow
Nicolas Sarkozy and Francois Hollande spent the day in the family, preparing mentally for tomorrow night, when they will find out which of them will be president of France for the next five years. Yesterday evening they both attended large rallies, in...
GM: Less Than Three Years After Bankruptcy, Profit Above Expectations
General Motors (NYSE:GM) made in the first quarter a net profit of $1 billion, or 60 cents per share, more than analysts’ expectations but down from $3.15 billion, or $1.77 per share, in same period of last year, when it had an exceptional profit...
Italy and Germany Will Approve the Fiscal Pact
Italy and Germany want to simultaneously approve in national parliaments the European budget treaty and the European Stability Mechanism (ESM), an Italian lawmaker said Monday, confirming information in La Repubblica, according to AFP. “It is true....
Libya Was Willing to Finance Sarkozy’s Campaign in 2007
French news site Mediapart published Saturday a document signed by a former official who said that Muammar Qadhafi’s regime agreed in 2006 to fund with 50 million euros Nicolas Sarkozy’s presidential campaign in 2007. In this document written...
Joseph Stiglitz: “Europe Is in a Terrible Situation”
Acclaimed economist Joseph Stiglitz, Nobel laureate, believes that Europe is in a “dire” situation, because the insistence on austerity measures push the region on a path to “suicide”, according to Bloomberg. “There was never...