Archive for August, 2011

Apple CEO Steve Jobs Resigned, Is He Dying?

Steve Jobs resigned as CEO of Apple on Wednesday, 25 Aug 2011, a company he co-founded in his garage 35 years ago. The company wasted no time in naming its COO (chief operating officer), Tim Cook, as the new CEO but that was not enough to calm the market in after-hours trading when the stock […]

... written on Aug 25 2011

15 World’s Biggest Gold Reserves Cheering Record Price

Spot gold surge ro record high of $1,878 an ounce for a third consecutive session on Monday. Heck, when was the last time the gold ever did a serious pullback? You can actually bet last penny that the gold will hit $2,000 an ounce, easily and surely. The U.S. economy is in a mess (again) […]

... written on Aug 22 2011

London Riots – Ridiculous Injustice Over Sentences?

Now that the London riots are over, news making headline seems to be the so-called harsh punishments on those caught in the riots. Scotland Yard has now charged a total of 1,005 suspects after 1,733 arrests so far. But based on the amazing punishments there were debates if the courts were being consistent? Judges and […]

... written on Aug 19 2011

Google Buys Motorola for $12.5B To Rival Apple iPhone

In a surprising acquisition move, Google Inc. announced it is buying cell phone maker Motorola Mobility Holdings Inc. for a cool US$12.5 billion in cash. This is Google’s biggest acquisition, easily dwarfs previous biggest deal in 2008 when it purchased DoubleClick for US$3.2 billion. Google will pay a whopping $40 a share for Motorola Mobility, […]

... written on Aug 16 2011

Bye Exxon, Apple is World’s Most Valuable Company

Finally, Apple Inc. (Nasdaq: AAPL, stock) is now officially the world’s most valuable company after the iPhone maker surpassed Exxon Mobil Corp. (NYSE: XOM, stock) early in the trading Wednesday, 10 Aug 2011, till the closing bell. Apple’s market capitalization is a whopping US$ 337.17 billion compared to Exxon Mobil’s US$ 330.77 billion. Indeed it […]

... written on Aug 11 2011

Stunning Photos Of The London Riots

Almost exactly a year before the city plays host to the Olympic Games, the riot and violence has raised concerns for the city’s security. The violence spread outside London, with serious eruptions of violence in Birmingham and Liverpool, but the scale of events in the British capital was unprecedented, and utterly overwhelmed the city’s 32,000 […]

... written on Aug 10 2011

Taking 228% Profit, Thanks To S&P’s AAA – AA+ Cut

The U.S. stock market joined a sell-off around the world today (Monday) in the first trading since Standard & Poor’s downgraded American debt by one notch – from AAA, the highest rating, to AA+. The Dow Jones industrial average fell more than 250 points minutes after the opening bell on Wall Street. As expected the […]

... written on Aug 09 2011

Debts & Deficits – 21 Currencies That Have Gone Bust

When the Dow tumbled more than 500 points yesterday, the worry and concern that the largest economy powerhouse may collapse reappears. Frankly, it isn’t that difficult to imagine that the U.S. dollar may collapse due to the huge debts and deficits. Historically there are many examples on how hyperinflation drove a country to total disarray. […]

... written on Aug 06 2011

Welcome To Chaos, Welcome To Panic Selling

Chaos ruled the trading floor when investors sold their stocks in a big wave triggering what appears to be the worst stock-market selloff since the middle of financial crisis in early 2009. Both Dow Jones and S&P-500 dropped more than 4% while the Nasdaq lost 5% on fear that the still-trying-to-recover United States may hit […]

... written on Aug 05 2011

World’s Tallest Building In Saudi Arabia, Kingdom Tower

The world’s tallest building, reaching an astonishing 1,000 metres (1 km) above the ground, will be built in Jeddah, Saudi Arabia. The oil-rich kingdom has announced that the building, Kingdom Tower, costing $1.2 billion to construct will have a Four Seasons hotel, serviced apartments, luxury condominiums and offices – will cover about 530,000 square metres […]

... written on Aug 04 2011

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