Financial Crisis Spreads From US to World Markets

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The crisis in world financial markets began when prices started declining in the US real estate market in late 2006. So far, it is estimated that banks worldwide have had to writedown more than $550 billion in assets.

Here is a chronology of major events:

March/April 2007: New Century Financial corporation stops making new loans as the practice of giving high risk mortgage loans to people with bad credit histories becomes a problem. The International Monetary Fund (IMF) warns of risks to global financial markets from weakened US home mortgage market. Continue reading

Microsoft Could Be a Winner in Sun-Oracle Deal

Microsoft has had few critics more vocal than Oracle CEO Larry Ellison and Sun Chairman Scott McNealy. With their companies set to merge in a blockbuster US$7.4 billion deal announced Monday, is it time for Microsoft to worry?

In fact, the opposite may be true, some industry observers said. Continue reading

Asian Shares Down As US Earnings Season Kicks Off

 

         

SINGAPORE (Dow Jones)–Asian stock markets were lower on Wednesday, dragged by weakness on Wall Street and as Alcoa kicked off the U.S. earnings season on a sour note. Continue reading

Sun and IBM Breaking Up: Who Wins?

 

                      

The news today about IBM and Sun possibly going separate ways leaves a door open for others to dodge what could have been a pretty blockbuster combination.  I remember back in late 90’s how cool Java was and what it meant for Sun. Continue reading

Lynnfield to boost Intel quad core share

                   

Quads currently account for only 10% of total sales

Intel’s flagship Core 2 Quad 65nm, Core 2 Quad 45nm Yorkfield and Core i7 Bloolfield 45nm quad-core CPUs are currently at some nine percent of total Intel’s OEM guidance for consumer market. Continue reading

Google Eyes Twitter

                

Google is rumored to be in talks with microblogging phenomenon Twitter on acquiring the latter. Michael Arrington of TechCrunch reported that news sources mentioned about Google’s interest in acquiring Twitter. Furthermore, it was rumored that Google was in “last-stage talks” to buy Twitter. Continue reading

THE G-20 SUMMIT ENDS WITH HOPE TO END WORLD ECONOMIC CRISIS

 

World leaders gathered in london for the G-20 Summit have agreed on measures aimed at shortening the global recession.

President Barack Obama leaves the G-20 Summit of world leaders with the agreement that other countries are committed to a global plan for economic recovery, but with the understanding that the United States doesn’t call all the shots. Continue reading

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