Browsing All Posts published on »May, 2011«

Infosys to pay KV Kamath special fee of Rs 67 lakh – ET

May 31, 2011 by

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KV Kamath, the man who built India’s second-largest bank, ICICI Bank, and who is now set to take over as non-executive chairman of India’s second-largest IT exporter, Infosys, will be compensated with an additional fee of around Rs 67 lakh for his new responsibilities. Mr Kamath, 63, is replacing NR Narayana Murthy , the visionary […]

Greenlight’s Einhorn Says Microsoft Should Replace Ballmer–Bloomberg Businessweek

May 26, 2011 by

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Greenlight Capital Inc. President David Einhorn called for Microsoft Corp.’s board to replace Chief Executive Officer Steve Ballmer, saying the software maker suffers from “Charlie Brown management.” Ballmer is weighing on the company’s share price, Einhorn said yesterday at the Ira Sohn Investment Conference in New York. Even so, he recommended Microsoft shares because the […]

The Problem with Nomadic Megabanks–Fortune

May 26, 2011 by

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Behold an exciting new feature of the post-bailout era: the megabank that wanders the globe with the weapons of financial mass destruction strapped to its chest. UBS (UBS), the giant Swiss bank that took $59 billion in bailout funds three years ago in addition to billions of dollars in conveniently cheap Fed loans, is chafing […]

Facebook To Launch Music Service With Spotify–Forbes

May 25, 2011 by

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  Facebook has partnered with Spotify on a music-streaming service that could be launched in as little as two weeks, sources close to the deal have told Forbes.   The integrated service is currently going through testing, but when launched, Facebook users will see a Spotify icon appear on the left side of their newsfeed, […]

Greek default could make others junk – Moody’s – Reuters

May 24, 2011 by

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Portugal and Ireland would be at risk of multi-notch credit downgrades, pushing their ratings into junk territory in the event of a default by Greece, Moody’s EMEA chief credit officer told Reuters on Tuesday. “A Greek default would be highly destabilising and would have implications for the creditworthiness of issuers across Europe,” Alastair Wilson said […]

Too soon to call time on China’s economic boom – Reuters

May 24, 2011 by

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Back in 2007, Premier Wen Jiabao called the Chinese economy increasingly unstable, unbalanced, uncoordinated and ultimately unsustainable. He has used the same language this year and there’s every chance the description will still apply in another four years. The timing of when China’s growth model will “ultimately” run out of steam is probably the most […]

Gulf investors look west for bigger returns – ArabianBusiness

May 24, 2011 by

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Middle East investors are looking west for investment opportunities as financial crises in developed markets such as Europe create more value plays, a study released by US-based fund manager Invesco showed. Growth in emerging markets have been strong in the last year but investors are increasingly looking toward markets where investment have been under pressure. […]