The 130-year-old photographic film pioneer, Kodak filed for Chapter 11 bankruptcy protection in New York early Thursday morning. It had also obtained a $950 million, 18-month credit facility from Citigroup to keep…
Category: Business
World Bank downgrades its global growth forecasts for 2012 to 2.5%.
World Bank’s latest Global Economic Prospects (GEP) 2012 reports that the world economy in 2012 is set to grow by just 2.5 percent, weighed down by ripple effects from the 2008 financial…
Yahoo Co-Founder Yang Resigns From Yahoo Board and Exit from Company
Jerry Yang, Co-Founder of Yahoo is exiting the Yahoo! Inc (YHOO). board and its management team. Jerry Yang also left the boards of Yahoo Japan Corp. and Alibaba Group Holding Ltd., Asian…
Citigroup Reports Fourth Quarter 2011 Net Income of $1.2 Billion or $0.38 per Share
Citigroup Inc. today reported net income of $1.2 billion, or $0.38 per diluted share, for the fourth quarter 2011 on revenues of $17.2 billion. This compared to net income of $1.3 billion,…
Facebook IPO reportedly due late May
Facebook is expected to make its long-awaited initial public offering (IPO) in the third week of May, according to US reports. If FaceBook plan to go public in May,must file its IPO…