Finance and Economy
Facebook is about to move its headquarters from Palo Alto to Menlo Park, a 57-acre campus about 30 miles south of San Francisco. The campus was formerly occupied by Sun Microsystems until it was bought over by Oracle Corp last year. With headcount growth of about 50% a year, it was hope the new site […]
... written on Apr 06 2011A cloud of white smoke rose above Japan’s earthquake-damaged Fukushima Daiichi nuclear plant Wednesday. The cloud of smoke came from the No. 3 reactor and presumed to have been vapour from a spent-fuel storage pool at the reactor. Immediately officials asked workers at the plant to evacuate after the smoke or vapour rose above the […]
... written on Mar 17 2011Stocks around the globe dropped like a stone at the start of trading on news that dangerous levels of radiation are leaking from a crippled nuclear plant in Japan after a magnitude-9 earthquake followed by tsunami. In a situation where you’re uncertain about the impact of the nuclear crisis especially when it come from the […]
... written on Mar 16 2011U.S. Geological Survey said the reading was 8.9 but the Japanese officials raised their estimate Sunday of the quake’s magnitude to 9.0. Either way, it’s the strongest and the worst that hit Japan in 140 years. Just when you thought the uprising in the Middle East particularly Libya would have kept you occupied, the Japan’s […]
... written on Mar 14 2011Prepare for higher oil price because the “mad dog” is running wild. Dictator Muammar Gaddafi has launched a shocking war against his own people, killing at least hundreds and probably thousands in attacks by warplanes and foreign mercenaries. Reports of 400 dead, mystery Libyan jets landing in Malta, military retreating to their compounds and whatnot has […]
... written on Feb 23 2011Apple CEO Steve Jobs decided there was no way he was going to miss the private dinner and most likely his last with President Obama, if indeed a report by The National Enquirer that Steve Jobs may have just six weeks to live is true. The US tech get-together dinner was held with the aim […]
... written on Feb 21 2011The mounting pressure from 18 days of historic protests finally drove Egyptian President Hosni Mubarak from office, after 30-years as his nation’s iron-fisted ruler. But the dictator should not shed a single drop of tear because the fortune he amassed is more than enough to finance his retirement comfortably. It would be nice and jaw-dropping […]
... written on Feb 14 2011Germany’s Deutsche Boerse AG, the company that owns and runs Frankfurt stock exchange, could soon take over the American’s New York Stock Exchange. NYSE Euronext Inc., which also operates exchanges in Europe, said it is in “advanced discussions” about a possible merger with Deutsche Boerse. The merger would create the world’s largest trading powerhouse with […]
... written on Feb 10 2011Conservative Muslims and Christians, young and old, yuppies and the unemployed formed the tens of thousands of protesters who have thrown Egypt’s 30-year-old regime headed by President Hosni Mubarak into turbulence. The uproars immediately saw its effect globally from the price of crude oil to shivers into some leaders elsewhere. It’s interesting to note that […]
... written on Feb 09 2011The concession agreement for PLUS Expressways was awarded to United Engineers (M) Sdn Bhd (now UEM Group) for a period of 30 years, starting May 1988. Public outcries soon after the 1997 Asia Recession and Mahathir administration gave a tickle so that the concessionaire restructured and reduced the agreed (or rather lopsided) toll rates via […]
... written on Dec 25 2010
