INVESTMENT

Dark days in Lisbon: Portugal sinks into recession

The Portuguese economy contracted for the second straight quarter, placing the debt-strapped country into another recession as the Lisbon government anxiously seeks to reduce spending and increase taxes.

Game Changer Still Alive

Global equity markets, commodities and currencies continue to move lower on the heels of concerns about Greece
Traders work on the floor of the New York Stock Exchange while waiting for the Initial Public Offering (IPO) of shares in the company Apollo Global Management in New York

Investors losing confidence in stocks: polls

Fifty percent of people believe the US stock market will drop more than 30 percent in the next 12 months, according to the latest Chicago Booth/Kellogg School Financial Trust Index poll.
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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...

GM Plans to Add More Than 4000 Jobs

General Motors (NYSE: GM) is planning to add or preserve about 4,200 jobs in eight states (including 2,000 in the Detroit area alone), according to a report in the Detroit Free Press newspaper.

Microsoft Makes Skype Acquisition Official

Microsoft brings aboard Skype for $8.5 billion. With Skype, Microsoft is getting an established player in the increasingly competitive voice and video calling market. Skype has 170 million connected users and logged over 207 billion minutes of voice and video conversations in 2010.

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:
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BBC Equities founder-chairman charged with wire fraud, arrested

John Bravata, the founder and chairman of BBC Equities, LLC, has been arrested at JFK International Airport and charged with wire fraud in connection with his solicitation of investor funds for BBC, which Bravata characterized as a real estate investment fund.

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