SEOUL, Sept. 12 (Yonhap) — Sales of Samsung Electronics Co.’s latest mobile gadget, the Galaxy Note 2, are likely to be more than two times its previous model, the Galaxy Note 1, a company official said Wednesday.
“Sales may grow more than two-fold (compared with the previous model),” Shin Jong-kyun, the head of Samsung’s IT and mobile unit, was quoted saying in media reports. The Galaxy Note 1, released in November, [...]
Update via CNBC:
CITADEL, KRR SAID NO LONGER TO BE LOOKING AT KNIGHT
KNIGHT CAPITAL CLOSE TO FUNDING DEAL, CNBC’S KATE KELLY SAYS
KNIGHT MAY GENERATE ABOUT $400 MLN FROM INVESTORS, KELLY SAYS
GETCO, TD AMERITRADE LIKELY PART OF INVESTMENT GROUP: KELLY
Or not. We will know for sure in a few hours after TD and Getco know all they need to know about Knight’s business and no longer need to give it false hope.
Knight Capital [...]
More than one-quarter of American millionaires say they don’t feel wealthy, but they would if they had an extra $5 million.
According to the Fidelity Investments’ Millionaire Outlook report, which surveyed more than 1,500 respondents, 26 percent of those polled said they did not actually feel rich.
But despite that feeling millionaires control 40 percent of global wealth.
They can easily be spotted in New York, where there are a reported 7,270 people [...]
Finland managed to reach a collateral deal with Spain on Tuesday through which it will receive a collateral in exchange for participating in the Spanish banks’ bailout. Under the deal, Finland will receive a collateral of 40% (EUR440 mln) of its total share of Spain’s EUR100 bln bailout.
(Reuters) – A group developing the Tamar field off Israel’s Mediterranean coast said on Sunday they signed a $902 million financing deal for the natural gas site.
The Israeli partners in Tamar will receive the money from a consortium of 11 foreign and local banks led by Barclays and HSBC, they said in a statement to the Tel Aviv Stock Exchange.
Texas-based Noble Energy is leading the group developing the Tamar prospect, [...]
Despite high-profile measures such as the Greek debt deal and mass pumping of liquidity into the banking system, Europe’s problems have merely been delayed for another day, Willem Buiter, chief economist at Citi , told CNBC.
“We have really just paused for breath,” he said. “It (the long-term refinancing operation) really hasn’t solved the problem, and for Europe the worst is still to come.”
He also predicted a further “large-scale ECB intervention” later this year or [...]
March 15, 20112
Microsoft billionaire Bill Gates and his wife are to give $220 million over five years to the non-profit biotech firm Aeras to develop vaccines to fight tuberculosis, a company statement said Thursday.
The Bill and Melinda Gates Foundation is donating the money to Aeras which from its bases in the United States and South Africa has developed six possible TB vaccines that are being tested across Africa, Asia, Europe [...]
SAN FRANCISCO (MarketWatch) — Yelp Inc. said it seeks to raise as much as $100.1 million in its initial public offering, according to an amended filing with the Securities and Exchange Commission late Thursday. The local-business reviews site estimates it will offer 7.15 million shares at $12 to $14 each. The company has applied to the New York Stock Exchange to trade under the ticker “YELP.”
Something interesting happened in last week’s H.4.1 release: the Fed disclosed that, for the first time ever, a Fed bank actually suffered a “loss” when the Boston Fed’s Interest on Federal Reserve Notes (IOFRN) liability went negative, and quite negative at that.
As a reminder, the IOFRN liability is the accrual of Federal Reserve income to be repatriated to the Treasury the following week, or money made by the Fed system [...]
Corzine’s permanent expatriation plans may have to be delayed as Corzine is called in to explain why he didn’t leak news of MF Global’s demise to Congress ahead of time so the 435 insider traders could profit on the outcome.
MF GLOBAL TRUSTEE LEARNED OF $1.2 BILLION SHORTFALL AT WEEKEND
HOUSE PANEL WILL HOLD HEARING ON MF GLOBAL FAILURE ON DEC. 15
CORZINE CALLED BY HOUSE FINANCIAL SERVICES OVERSIGHT PANEL
In the meantime, the [...]