Corporate

Industrial and Commercial Bank of China Limited (ICBC),China-based commercial bank,Ranks First as the Largest Bank in the World by Market Capitalization

Posted by Jay     Tags: 16 January, 2010    787 views    (0) Comment

As of December 31, 2009, ICBC has a market capitalization of USD 268.982 billion, the largest among all the banks in the world and USD 70 billion more than the second bank in the ranking. Meanwhile, ICBC moved up to the fourth place in the worldwide ranking of publicly traded companies in terms of market capitalization. Beginning from 2009, ICBC has weathered all the negative impacts brought by the global financial crisis and maintained the momentum. Business was steady, risk under Read Full Article (Click here)...

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Ultracheap Nano, from India costs $8,000, could come to US

Posted by Jay     Tags: , , 15 January, 2010    857 views    (3) Comment

DETROIT (AP) — The world’s cheapest car is being readied for sale in the U.S., but by the time India’s Tata Nano is retrofitted to meet emissions and safety standards, it won’t be that cheap. Tata Technologies Ltd., the global engineering arm of the Tata group conglomerate, brought the tiny car to Detroit as a publicity stunt for the engineering group. You can see all the description and details Read Full Article (Click here)...

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Fed: banks need customer consent on overdraft fees

Posted by Jay     Tags: , 13 November, 2009    1,644 views    (2) Comment

WASHINGTON (AP) — Banks will have to secure their customers’ consent before charging large overdraft fees on ATM and debit card transactions, according to a new rule announced Thursday by the Federal Reserve. The rule responds to complaints from consumer groups, members of Congress and other regulators that the overdraft fees are unfair because many people assume they can’t spend more on a debit card than is available in their account. Instead, many banks allow the Read Full Article (Click here)...

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Forbes: Highest-Paying Companies!

Posted by Jay     Tags: 12 October, 2009    5,333 views    (0) Comment

Money isn’t everything. Early this year, Fortune Magazine released its list of the “100 Best Companies to Work For.” Here we look at the highest-paying companies from that list, and how they stack up in other areas. At these companies, there is one position that earns the highest wage, so we also look at the benefits package, how other employees are compensated, the work environment and incentive programs. Sure, these companies pay the highest, but are they well-rounded? 1. Read Full Article (Click here)...

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Big Companies That Are Veering Toward Bankruptcy – Year 2009 Economic Impact!

Posted by Jay     Tags: , 22 September, 2009    11,194 views    (1) Comment

Despite a few green shoots in the economy and a rocketing stock market, many large companies are still struggling to avoid bankruptcy. A new report by Audit Integrity identifies some high-profile names “that have the highest probability of declaring bankruptcy among publicly traded firms.”Which companies appear the worst off? We took the list and removed any company with a market cap under $3 billion. We then ranked the remaining names by a simple measure of the market’s Read Full Article (Click here)...

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