Archive for Business
Top 10 Financial Strength 2009
1. Exxon Mobil 2008 was a rough year for corporate earnings--unless you're Fortune 500 giant Exxon Mobil. The oil and gas producer extracted $45 billion in profits last year, more than any U.S. company has ever earned in a single year. Unsurprisingly, profits tumbled last quarter when gas prices finally came down. But Exxon hedged its losses...
eBay agrees to sell Skype
For sale Earlier this year, eBay had said that it planned to spin off Skype and list its shares in the first half of 2010, an announcement many took as a signal that the firm was for sale. Ebay wrote down the value of the firm to $1.2bn a year after it was taken over. Including payouts to Niklas Zennstrom and Janus Friis, who founded...
Facebook Buys Social Media Start-Up FriendFeed
Facebook, the world's largest social networking site, said it will acquire FriendFeed, an up-and-coming social media startup. Terms of the deal were not disclosed, but Facebook said that FriendFeed would continue to operate normally for the time being as the teams determine long-term plans. Friendfeed lets people share content online in...
Palin to resign as Alaska governor
Former VP hopeful says she'll work for change from outside government WASILLA, Alaska - Sarah Palin made a surprise announcement Friday that she will resign as governor of Alaska in a few weeks, saying she will try to "effect positive change" from outside government. The former Republican vice presidential candidate hastily called a news...
Allen Stanford to Stay in Jail Through Weekend
A judge granted prosecutors' request for a stay in the Stanford case, which means R. Allen Stanford, the billionaire banking executive accused of perpetrating a massive investment fraud, will stay in jail until a hearing Monday. Stanford spent Thursday night in jail, with his father and two friends agreeing to post a bond to have him released...
