Google and Apple currently have same market capitalization!
Google and Apple are partners and rivals at the same time.
The two companies had originally joined hands to compete against the common rival that was Microsoft.
Now they both are competing against each other in several markets including mobile devices.
TechCrunch has reported an unusual happening. [...]
Grameenphone set to launch an IPO in Bangladesh
Grameenphone has announced that they are set to launch their initial public offering in their domestic market Bangladesh.
They are the largest mobile service provider in the country and this IPO could boost the stock exchange in the country.
The company aims to raise 141 million dollars and [...]
Skype initial public offering next year
US based online auction company eBay has announced that they are going to separate Skype from their operations.
They are planning to launch an IPO for this unit sometime next year.
eBay said that the timing of the IPO launch would depend upon prevailing market conditions.
eBay CEO John Donahoe spoke about [...]
New York Stock Exchange suspends USD 1 listing rule
Good news for the NYSE listed companies which are struggling in these tough economic times.
New York Stock Exchange has announced that they are suspending the rule related to the USD 1 share price till June 30 this year.
NYSE has a rule that requires the listed companies [...]
Bombay Stock Exchange: Sun Pharmaceutical to replace Satyam
India’s Bombay Stock Exchange has announced that they are now going to replace Satyam Computer’s stock with Sun Pharmaceutical on the Sensex.
Sun Pharmaceutical is currently the country’s largest drug maker by market value.
BSE said that this change would be applicable from January 12.
Ranbaxy Laboratories is [...]
Reliance Capital replaces Satyam on Nifty
National Stock Exchange has announced that they are now replacing Satyam from its benchmark index Nifty.
Satyam would be replaced by financial company Reliance Capital.
This would be applicable from January 12.
NSE added in its statement that Satyam would also be removed from their other indices like CNX 100, S&P [...]
FriendFinder Networks files for an IPO
FriendFinder Networks is behind a popular social network and the publisher of Penthouse adult magazine.
The company has now filed for a $460 million initial public offering.
They are going to use the funds generated from this IPO to pay off debt as per their filing with the U.S. Securities and Exchange [...]
SAP: Sales are dropping
German software maker SAP has notified that their sales went down massively last month.
Analysts say that this could be due to less spending by companies due to widening financial crisis in the US market.
This revelation led to a major drop in the stock price of SAP. It also affected their major [...]
Microsoft announces mega buy back of shares
Software giant Microsoft has announced that they are now going to buy back another 40 billion dollars of its shares.
The company said that the process would continue till 2013. Microsoft has already completed their previously announced 40-billion-dollar stock repurchase program.
Microsoft also announced a quarterly dividend of 13 cents a [...]
IAC splits into five bodies
IAC/InterActiveCorp has now split up into five independent bodies. The aim was to give each unit individual focus to enhance growth and revenues.
These five individual bodies are:
HSN Inc.
Interval Leisure Group Inc.
Ticketmaster
Tree.com Inc.
Ask.com
IAC
Ask.com is currently trading under the stock symbol IACID to comply with NASDAQ requirements. IAC would get back the [...]
