Tag Archives: Markets
Sony to sell stake in LCD venture to Samsung
Sony Corp has agreed to sell its nearly 50 percent stake in an LCD joint venture with Samsung Electronics to Samsung for $940 million, the Korean firm said on Monday, as Sony struggles to staunch red ink at its TV business.
Oracle earnings hit Nasdaq!
Technology shares slumped on Wednesday and pushed the Nasdaq down 1 percent after Oracle reported results that cast doubts on the sector’s health, even as broader markets closed flat in a thinly traded day.
Warren Buffet to Invest in IBM!
Warren Buffett says his company bought $10.7 billion of IBM stock this year, about a 5.6% stake.
Papademos to lead the Greek Reform!?
Greece named former European Central Bank vice-president Lucas Papademos on Thursday to head a crisis government, ending a chaotic search for a leader to save the country from default, bankruptcy and an exit from the euro zone.
National Unity to save Greece ?
Greece political leaders sealed a pact to form a national unity government on Sunday night after the prime minister announced his imminent resignation under pressure from a European ultimatum.
It’s LENOVO’s ERA!
Lenovo Group Ltd, the world’s No.2 PC brand, posted a better-than-expected 88 percent rise in second-quarter profit, helped by acquisitions and an increase in sales in emerging markets such asChina.
“Occupy Wall Street” Trademark
Anti-Wall Street demonstrators are trying to trademark the phrase “Occupy Wall Street” before anyone else does.
Byblos Bank net profits fall by 8.57 percent !
Byblos Bank’s net profits fell by 8.57 percent in the third quarter of this year to LL66.5 billion ($44.3 million) compared to the same period of last year. However, the net profit for the nine months ended September 2011 increased 6.2 percent to LL193.05 billion year on year.
