July 2, 2010 – On Thursday Google said that it agreed to buy ITA Software for $700 million in order to improve how consumers find flight and airfare information online.
In a conference call with members of the press and analysts, Eric Schmidt, Google CEO, said, “What we’re going to do is build new flight search [...]
June 30, 2010 – Wall Street investment bank Goldman Sachs is slated to buy the 15.6% stake French insurance group AXA owns in Taikang Life Insurance.
Finalization of the $1.05 billion deal awaits it being approved by the necessary Chinese regulatory departments.
Taikkang Life is currently the fourth largest of China’s life insurance company, following the [...]
June 29, 2010 – On Tuesday analysts at Goldman Sachs initiated their coverage of Warren Buffett’s Berkshire Hathaway with a “Buy” rating. They said that “the disconnect between the market value of the stock and the intrinsic value of the business is close to a multi-decade high.”
The analysts project a 25% growth in the [...]
June 28, 2010 – Online master degrees programs are becoming increasingly more popular as people with full time jobs look to better their education in the hope of getting a salary increase or a higher paying job.
Because of this trend, the Florida Institute of Technology’s subsidiary, Florida Tech University Online, has joined forces with Brisk [...]
June 28, 2010 – The National Consumer Law Center released a report earlier this month that cited eight Utah based credit unions for offering online loans whose annual percentage rate ranged from 254% to 312%. And, according to the news release, one of the credit unions quoted an annual APR of 876%.
Although they called [...]
June 28, 2010 – Aetna’s the second health insurance company to withdraw plans to raise their insurance rates in California over the past two months.
Aetna had sought a 19% rate increase that would have affected 65,000 policyholders.
However, after revealing “math errors” last week that exaggerated their justification for raising the rates the company decided [...]
June 26, 2010 – Ted Ward, GEOCO’’s vice president of marketing, was named as the 2010 Advertising Person of the Year by The Advertising Club of New York on Friday. In addition, the GEICO Gecko as well as the GEICO Caveman were honored as favorite advertising icons in the United States.
Ward, who helped in [...]
June 26, 2010 – Quite a bit is happening at the Fortune Global Forum conference in Cape Town this weekend. Outside the conference the CEO of the Taiking Life Insurance Company revealed that a deal with Goldman Sachs looks like it’s about to be finalized.
Goldman Sachs (GS.N) has been negotiating with China’s Taiking Life [...]
June 25, 2010 – Lloyd’s of London has launched an innovative new auto insurance product that will temporarily supersede a Londoner’s car owner’s automobile insurance policy if the car owner would like to rent out their privately owned vehicle to family, friends, or residents of their local community.
The service, provided by an online booking service [...]
June 25, 2010 – BP recently dumped gravel into the Beaufort Sea three miles from Alaska’s shore.
Why? By creating an “island”, according to current regulations they will be able to drill for oil “onshore” – 5 miles away from this “island” and 2 miles below the ocean’s surface.
The BP funded disaster in the Gulf [...]
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