Business

The US President’s proposal to remove the tax inducement to American companies that move jobs abroad was welcomed very well by most Americans who already had little sympathy for those who choose places like Cayman Islands just to save themselves from paying higher taxes. Although the decision may seem a fair one, many companies can [...]

Porsche is going through a tough time as the automaker has huge debts and it seems like nothing can save it. However, Wolfgang Porsche, the head of the supervisory board of Porsche, says that he will not sold the company after some recent rumors showed that Porsche could be sold to Volkswagen. It is said [...]

These are some tough times for Chrysler as everything points to a bankruptcy. The company was hoping that the US Treasury Department would reach an agreement with the lenders of the car manufacturer, however, the negotiations were stalled and then broken down. Chrysler will now file bankruptcy under Chapter 11 protection, and they will be [...]

This is something we all expected from Warren Buffett who said yesterday that Berkshire Hathaway is not planning to re-purchase its shares are the company is doing well and its intrinsic value is not too high than where the shares are traded. Berkshire’s Chairman also said that his company was thinking to buy back its [...]

Last year a deal between Microsoft and Yahoo seemed very possible because Yahoo wasn’t in a strong financial position while Microsoft was running wild. Also, Yahoo had a flexible management team meaning that it was open to business, however, with the new CEO Carol Bartz everything has changed. Although Yahoo’s new CEO Carol Bartz is [...]