Archive for February, 2012

James Murdoch Leaves Executive Chairman Post At News International

James Murdoch Leaves Executive Chairman Post At News International

James Murdoch has resigned from his position as the executive chairman of News International, the UK-based newspaper company which produces The Times and The Sun newspapers. Mr Murdoch will continue in his role as the deputy chief operating officer of News International’s parent company, News Corporation (News Corp) (Public, NASDAQ:NWSA). News Corp is headed by [...]

Pakistan Plans To Phase Out Indian Import Restrictions By The Year’s End

Pakistan Plans To Phase Out Indian Import Restrictions By The Year’s End

Pakistan is planning to phase out restrictions on the majority of imports from India by the end of 2012, the country’s government has announced. The decision comes as part of a pledge made by Pakistan in 2011 to liberalise trade with its neighbour India. Many analysts and commentators say the move was expected, and that [...]

Small US Businesses Increasing Their Use Of Smart Devices And Social Media

Small US Businesses Increasing Their Use Of Smart Devices And Social Media

A large number of small company owners in the US are increasing their usage of emerging technologies, as many believe that they help to aid the smooth and efficient running of their day-to-day operations. In a recent Small Business Opinion Poll, which was commissioned by American small business insurance specialist EMPLOYERS, it was revealed that [...]

Core Entrepreneurs Defy UK’s Economic Gloom

Core Entrepreneurs Defy UK’s Economic Gloom

The gloomy outlook for many business owners in the UK, towards the state of the nation’s economy, is not to lowering optimism for a core group of British entrepreneurs, recent research by the Financial Times (FT) (Public, NYSE:PSO) has found. Numerous surveys published in recent months have underlined the fact that there is a crisis [...]

Eurozone Crisis Threatens UK Banks, Says Bank Of England Governor

Eurozone Crisis Threatens UK Banks, Says Bank Of England Governor

Sir Mervyn King, governor of the Bank of England, has warned that the current debt crisis affecting Eurozone nations such as Greece is a “serious and immediate risk” to the British banking system. Speaking at a press conference in London, Sir Mervyn called on British banks to use their profits to build up more reserves [...]

Bentley Car Sales Rise 37 Percent In 2011

Portion of the front grille from a Bentley car

The British luxury car builder Bentley, a subsidiary of Volkswagen Group (FWB: VOW, VOW3) has reported that sales rose by 37 percent in 2011, with demand returning to the levels seen before the recession. In the year to December 31, Bentley sold 7003 cars, whose prices begin at £133,000 ($208,000). Bentley’s leading market remains the [...]

Groupon Attempts Image Makeover As It Revamps Its Website

Groupon Attempts Image Makeover As It Revamps Its Website

Groupon (Public, NASDAQ:GRPN), the daily deals giant, is set to go for an image makeover. The changes will attempt to improve the public view of the company, after it went through a series of public relations mishaps since filing for its initial public offering (IPO) late last year. The business has recently hired a public [...]

Groupon Acquires Start-Up Hyperpublic Inc

Groupon Acquires Start-Up Hyperpublic Inc

Groupon (Public, NASDAQ:GRPN) has acquired yet another firm after it bought the location-based technology start-up Hyperpublic Inc, according to statements last week on Hyperpublic’s website. Hyperpublic, a privately held start-up that is based in New York, provides data technology services to websites which allows web users to search for restaurants and bars on the web. [...]

Google Launches Women Entrepreneurs on the Web Initiative In India

Google Launches Women Entrepreneurs on the Web Initiative In India

Google (Public, NASDAQ:GOOG), the Internet giant, has announced the opening of the Women Entrepreneurs on the Web (WEOW) program in India. The program is a business diversity program for female entrepreneurs. Google initially began developing the idea after they talked to a number of women entrepreneurs in the Asian nation, and realised that many were [...]

Amazon Sets Up In India Through New Site

Amazon Sets Up In India Through New Site Junglee.com

The Internet-based retail giant Amazon (Public, NASDAQ:AMZN) has finally entered India, through the launch of a new shopping website named Junglee.com. The US firm is now considering making a full entry into the country’s e-commerce market. The e-commerce business in India is set to explode, according to many analysts, as public revenues and consumer demand [...]