Business

Three top Yahoo Inc. executives are leaving the slumping Internet company in an exodus that could put CEO Carol Bartz on the hot seat as she approaches the end of her second year trying to engineer a turnaround. The company disclosed the departures Thursday, confirming an earlier report published on the technology site All Things Digital. The defecting executives are: ... Read More »

Artworks that used to adorn the walls and halls of Lehman Brothers’ offices in London is up for auction. They are expecting it to fetch at least 2 million pounds. So, who wants to bid on bankrupt company’s artworks ? I think the reason that the company failed itself is going to propel the auction. The artworks are going to ... Read More »

The Gold is getting hotter by the day. In US the gold has hit a record high price of above $1300 an ounce. Thanks to the failing markets and low confidence in market, people are now turning to Gold for refugee. Investors are now eying the Gold for their investments. This is increasing the demand and shooting the price up. ... Read More »

A small Bank in Florida has joined the long list of failed banks this year. It is the 126th bank to fail in 2010. This is also the 24th bank to fail in the state of Florida alone this year. Regulators on Friday shut down a small bank in Florida, lifting to 126 the number of bank failures this year. ... Read More »

Facebook’s CEO Mark Zuckerberg was not even in the top 400 last year but this year he has more wealth then that of Apple’s CEO Steve Jobs. Forbes list of the 400 richest people in America says so. Bill Gates continues to stay on the top with an estimated $54 Billion of wealth. Second on the list was Berkshire Hathaway ... Read More »

Blockbuster one of the biggest DVD and games rental company has gone bust in US. They seems they cannot handle any more loses and finally filed for bankruptcy. The Dallas, Texas-based company said it had made the decision as part of attempts to cut its debts and restructure the business. Agreements with its creditors will allow it to cut its ... Read More »

It has come as a surprise to many. The Irish economy has actually shrunk by 1.2% while everyone was expecting it grow. The Irish Republic’s economy shrank in the second quarter from the previous three months. Gross domestic product (GDP) fell 1.2%, the Central Statistics Office said. It also revised down its measure of growth in the first quarter to ... Read More »