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Wednesday, September 22, 2010
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Tuesday, September 14, 2010
Life = Thinking: Ambani could be the world's richest man
Life = Thinking: Ambani could be the world's richest man
Ambani could be the world's richest man
Finally the man from India could reach the peak of the billionares and this is what the Forbes forecast looks .....
With a net worth of USD 62 billion, Indian business tycoon Mukesh Ambani would be he richest man on earth in 2014, according to a forecast issued by the prestigious Forbes magazine.
"One of the predictions is that Reliance Industries' chief Ambani, who currently has a net worth of 29 billion dollars, pips the world's richest man Mexican businessman Carlos Slim to top Forbes' rich list in 2014," it said.
Ambani's net worth swells to USD 62 billion while Slim is "hit hard by Mexican political, financial chaos," according to the prediction by Forbes.
53-year-old Ambani currently ranks fourth on Forbes' list of the world's billionaires.
Ambani could be the world's richest man
Finally the man from India could reach the peak of the billionares and this is what the Forbes forecast looks .....
With a net worth of USD 62 billion, Indian business tycoon Mukesh Ambani would be he richest man on earth in 2014, according to a forecast issued by the prestigious Forbes magazine.
"One of the predictions is that Reliance Industries' chief Ambani, who currently has a net worth of 29 billion dollars, pips the world's richest man Mexican businessman Carlos Slim to top Forbes' rich list in 2014," it said.
Ambani's net worth swells to USD 62 billion while Slim is "hit hard by Mexican political, financial chaos," according to the prediction by Forbes.
53-year-old Ambani currently ranks fourth on Forbes' list of the world's billionaires.
Tuesday, September 7, 2010
Friday, September 3, 2010
Thursday, July 1, 2010
Wednesday, January 14, 2009
Carol Bartz replaces Jerry Yang as Yahoo chief
14 January 2009 9:24 GMT / By Amy-Mae Elliott
Yahoo has revealed who its new chief executive is, naming "Silicon Valley veteran" Carol Bartz.
Described as a "well-respected industry figure", Bartz replaces Jerry Yang who stepped down late last year amid criticism from investors who saw Yahoo's share price drop substantially under his leadership.
Bartz was chief exec of software firm Autodesk until 2006, and has previously worked at Cisco and Sun Microsystems.
Bartz has been named in Fortune magazine's list of the 50 Most Powerful Women in Business and featured on Barron's list of the World's 30 Most Respected CEOs. source
Saturday, January 10, 2009
Citigroup, Morgan Stanley talk about merging units
Associated Press
New York, January 10, 2009
Officials at the embattled banks Citigroup and Morgan Stanley will negotiate over the weekend about possibly combining their wealth management businesses, a deal mostly aimed at bolstering Citi with much-needed cash. The deal to merge Citi's Smith Barney with Morgan Stanley's comparable division was confirmed on Saturday by a person familiar with the talks, who spoke on condition of anonymity because he was not authorised to discuss the matter. The negotiations come as investors digested news that Robert Rubin, a senior adviser to Citi who has drawn heavy criticism, would resign from the bank. The person said it was Rubin's decision to leave Citigroup and that "there was no inside pressure," or government pressure.
Citi's shares sank nearly 6 per cent yesterday. Even before the economy started tanking, many shareholders had complained that Citigroup was too huge, and lagging its peers. Calls for a breakup have been going on for years, and have grown louder since the federal government has had to pump billions into the ailing company. The New York-based bank late last year signed an agreement with the federal government to receive an additional $20 billion on top of the initial $25 billion it received. more
New York, January 10, 2009
Officials at the embattled banks Citigroup and Morgan Stanley will negotiate over the weekend about possibly combining their wealth management businesses, a deal mostly aimed at bolstering Citi with much-needed cash. The deal to merge Citi's Smith Barney with Morgan Stanley's comparable division was confirmed on Saturday by a person familiar with the talks, who spoke on condition of anonymity because he was not authorised to discuss the matter. The negotiations come as investors digested news that Robert Rubin, a senior adviser to Citi who has drawn heavy criticism, would resign from the bank. The person said it was Rubin's decision to leave Citigroup and that "there was no inside pressure," or government pressure.
Citi's shares sank nearly 6 per cent yesterday. Even before the economy started tanking, many shareholders had complained that Citigroup was too huge, and lagging its peers. Calls for a breakup have been going on for years, and have grown louder since the federal government has had to pump billions into the ailing company. The New York-based bank late last year signed an agreement with the federal government to receive an additional $20 billion on top of the initial $25 billion it received. more
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