CREDIT SUISSE

Sell-off wipes $2.5 trillion off world stocks this week

IBTimes Logo
More than $2.5 trillion have been wiped off the value of world stocks this week on mounting concerns the global economy is heading toward another recession and Italy and Spain are being engulfed by the euro zone sovereign debt crisis.
More news
IBTimes Logo

Supervalu profit tops Street view, shares jump

Supervalu Inc's (SVU.N) quarterly profit topped Wall Streets expectations despite sagging sales as the third-biggest U.S. supermarket chain trimmed expenses in a drive to catch up to rivals.
IBTimes Logo

Japan repeats warning on yen rise as calls for action grow

Japanese Finance Minister Yoshihiko Noda kept up his warning to markets against pushing up the yen too much, saying that he was aware of demands from the business sector for authorities to act against yen rises that hurt the export-reliant economy.
Merger

Express Scripts to Buy Medco Health For $29B, Shares Up

Express Scripts, Inc. (NASDAQ:ESRX) said it agreed to buy Medco Health Solutions, Inc. (NYSE:MHS) for $29.1 billion cash and stock deal that would see Express Scripts becoming the largest pharmacy-benefits manager in the U.S.
IBTimes Logo

Baidu picks Microsoft for English search

China's Baidu is to partner with Microsoft for English-language search, giving the U.S. software giant a chance to expand its tiny Web presence in a market Google has stepped back from, and helping the Chinese company's international ambitions.

Groupon Files For IPO

Groupon has become the next big social company to file for an IPO, following in LinkedIn's footsteps.

The rise and growth of Skype: A Baltic success saga

Microsoft CEO Steve Ballmer and Skype CEO Tony Bates jointly announced on Tuesday that the two companies have entered into a deal under which Microsoft will acquire Skype for $8.5 billion. Apart from creating value and emerging as a strategically important player in the voice and chat connectivity segment of the exploding web business, Skype also won real big time suitors like Microsoft, Google and Facebook. Perhaps the rivals' attempt to outbid each other and own Skype resulted in the Estoni...

Key facts about Skype

Microsoft turned the tables on long-time Skype wooers Google and Facebook to reportedly land an $8.5 billion deal to buy the popular Voice over Internet Protocol service. The following are some key facts about Skype:
IBTimes Logo

Intuit Shares Hit New Life-Time High

Shares of Intuit Inc. (NASDAQ: INTU) touched a new life-time high of $56.27 on Wednesday. The company said it will commit to investing $37 million in products and services to promote high-growth entrepreneurship across the country in partnership with President Barack Obama’s Startup America campaign.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.