Groupon’s (Public, NASDAQ:GRPN) share price has fallen overnight after the company said that its revenue and earnings were below the figures that it had reported during February. The daily deals giant, based in the US city of Chicago, revealed that the misjudgement in earnings was down to accounting mistakes. Groupon’s admission of the earnings overstatement [...]
Posted in Daily Deals, Featured Post 
Tags: accounting mistakes, city of chicago, February, Groupon, level, overstatement 
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The US-based technology giant Apple (Public, NASDAQ:AAPL) has announced that it is set to begin using its cash to pay out a dividend to its shareholders. The company is also planning to buy some of its shares back. Apple has stated that, from July of this year, it will pay out a quarterly dividend to [...]
Posted in Featured Post, LifeStyle Tags: apple, apple public, company, Decade, firm, giant apple, investors, level, lifestyle, stock market value, technology No Comments »
The national minimum wage in the UK is set to go up by 11p, to reach a level of £6.19 per hour, the nation’s government has announced. The rise will take effect in October of this year. This increase will see minimum wage climb by 1.8% from its current level, which is lower than the [...]
Posted in Featured Post, Finance Tags: Finance, inflation measure, jobs news, level, minimum wage in the uk, minimum wage increase, October, personal finance, rate, uk economy No Comments »
Prices of gold could climb to a level as high as US$2500 per ounce in the coming years, according to the head of Newcrest Mining (Public, ASX:NCM), the largest gold miner which is based in Australia. According to recent news reports, Newcrest’s managing director, Greg Robinson, has also estimated that the precious metal will trade [...]
Posted in Featured Post, Gold Bullion Tags: australia, figure, Gold, gold bullion, gold prices, level, Miner, mining club, papua new guinea, political unrest No Comments »
An agreement in the EU to tighten fiscal discipline within the area has been reached – gold prices moved up slightly today following the pact. The deal involves imposing automatic fines on any nations who breach their budget deficit targets in the future. The EU members also reached an arrangement to set up a €500 [...]
Posted in Featured Post, Gold Bullion Tags: angela merkel, chancellor angela merkel, Deal, eu treaty, eurozone, Gold, gold bullion, level, nicolas sarkozy, pact 1 Comment »
The inflation rate in India went down during November after it dropped from its October figure of 9.7% to a level of 9.1% last month. The inflation decrease was aided by a fall in the country’s rate of food inflation, which fell from 11% to 8.5%. The rate of fuel inflation however increased to a [...]
Italy will need a bail out so large that it will be an amount ten times more than the country’s current gold holdings. The latest value of the nation’s gold reserves comes from October data from the World Gold Council. Italy has a holding of 2,451.8 tonnes – the third highest holding out of all [...]
French based bank Credit Agricole (Public, EPA:ACA) has recorded a massive fall of 65% in its third quarter profits – this comes after the financial institution was hit by losses it made on Greek sovereign debt. The bank stated that its net profit figure for the three months up to September the 30th this year fell [...]
Posted in Economy, Featured Post Tags: Agricole, banking, Crédit Agricole, Finance, financial turmoil, french bank, Greek, greek debt crisis, level, massive fall, quarter profits No Comments »
Under fire Italian Prime Minister Silvio Berlusconi survived an important vote in the country’s parliament today, shortly after Italy’s cost of borrowing increased to a new record level. Prime Minister Berlusconi won a budget vote earlier today, but was not able to gain an absolute majority. The controversial Italian leader is currently under intense pressure [...]
Posted in Economy, Featured Post Tags: budget vote, debt, hit, investor sentiment, Italian economy, italian prime minister, italy, Key, level, prime minister silvio berlusconi, Record, vote, Wins No Comments »
The American economy grew at an annualised rate of 1.3% in this year’s second quarter, the US Commerce Department has now estimated. The Commerce Department has now made its third growth estimate for the quarter. Their latest prediction is greater than the previous one, which suggested that growth was at a level of 1%. However [...]
Posted in Economy, Featured Post Tags: american economy, economic growth rate, Economy, Growth, level, Quarter, us commerce department, us economy No Comments »
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New Website Aims To Become Big Player In The Daily Deals Market 
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