Author Archive: Jeremy Parkinson
Rejoice, Google Stockholders!
Heads are being held high in the offices of Google, Inc. as of late. Google’s stock rose 2.6% on February 1, closing at a record $775.60. This surpassed Google’s previous all-time high of $774.38, which it reached in October 2012. The company is also expected to be nearing the end of a three-year antitrust investigation […]
Britain’s electrified ring fence
The British chancellor has proposed a ring fence separating high-street retails banking from investment banking branches within institutions will need to be ‘electrified’ with severe sanctions. Osborne will publish the Banking Reform Bill giving regulators the power to split banks up if they do not comply fully with new rules designed to protect British taxpayers. […]
China proposes development zones for business in US
China has been planning a proposal to convert over $1tn of Chinese-owned land in the US into ‘development zones’ that could see the establishment of Chinese business and citizens in North America. The proposal would mean China would own American businesses, infrastructure and valuable land. In exchange for the investment the US government would guarantee […]
Amazon reports disappointing holiday sales
In the final quarter of 2012, the most important for retailers, the online shopping giant’s revenue grew by 22 percent to $21.3bn, about $1bn short of Wall Street forecasts. Reported holiday sales in the US were disappointing across the board, despite growth of 14 percent, according to ComScore, a research group. Amazon profits have diminished […]
The Soda Battle of NYC
New York City’s recent passing of a ban on the sale of sugary drinks in containers exceeding 16 ounces has caused uproar that has echoed far beyond the five boroughs. But the outcries are not just coming from Coca-Cola and fanatic soda drinkers. The NAACP and the Hispanic Federation have joined in support of a […]
Fishing in the Fishbowl of Facebook: A Perspective on Third Party Apps Gone Rogue
Say what you’d like about Facebook- but 10% of the world has one (a staggering statistic, especially considering that most websites only have a fraction of one percent of the world’s population or less). However, as it has spread, has it really managed to become a vacuum of the internet, one that combines all aspects […]
Apple stocks drop 10% after growth concerns
The share drop came in the wake of Apple’s December results were announced. The company sold 47.8m iPhones in the three months to December, a year-on-year increase of 78 percent; revenues were up 18 percent to $54.4bn. However, the results fell significantly short of analysts’ expectations. Investors have expressed disappointment, in spite of reported net […]
Britain’s big question: In or out?
In a long awaited speech, UK Prime Minister David Cameron has promised an in-out referendum on the country’s membership in the EU should his Conservative Party be returned to power following the next general election. Cameron said that the UK government will attempt to negotiate a new settlement with other European countries before putting the […]
Moscow Stock Exchange set to launch its own IPO
The Moscow Stock Exchange has announced its IPO, but has so far not released any more concrete details. However, it has been confirmed that the banks handling the IPO will be JPMorgan Chase, Credit Suisse, Sberbank and VTBank. Analysts have suggested it is too early in the IPO’s pre-marketing phase to pinpoint how much the […]
China reports slowest growth since 1999
Though China’s GDP growth slowed to its lowest in 13 years, the country finished 2012 in a slightly stronger position reporting 7.9 percent growth in the last quarter, compared to 7.4 in the three months before. The overall growth rates for the year topped 7.8 percent, significantly higher than some estimates of 7.5 percent. The […]
