Archive for October, 2011

Oracle to buy RightNow

Software company Oracle Corp. recently announced it is buying RightNow Technologies Inc. for about $1.5 billion.

The purchase would mean Oracle can now offer a broader range of software and services that help businesses manage customer service.
From news.yahoo.com:
Oracle is offering $43 per share for the tech service company from Bozeman, Mont. That is a 19.6 percent [...]

Indian IT Firms Better Prepared To Deal With Current Slowdown

A survey by job search portal HeadHonchos.com has revealed that senior human resource (HR) managers think that the gloomy global economic scenario will have a limited and short-term impact on hiring in the Indian information technology (IT) sector.
This was primarily attributed to the fact that the Indian industry is better prepared to deal with the [...]

Wall Street protests spread

On Thursday, protests against the U.S. financial system and economic inequality spread across America and found unlikely sympathy from a top official of one of the main targets of scorn — the Federal Reserve.
Dallas Federal Reserve President Richard Fisher surprised a business group in Fort Worth, Texas, on Thursday when he said, “I am somewhat [...]

Berkshire Hathaway In Rare Buyback Program

Months of investor complaints that the stock is undervalued prompted Warren Buffett’s conglomerate Berkshire Hathaway to launch a share buyback program in the near future.
Buffett bragged in his letter to shareholders last February that “not a dime of cash has left Berkshire for dividends or share repurchases during the past 40 years.”
From in.finance.yahoo.com:

One long-time Buffett [...]

Ban On Vegoil Exports Extended By India

According to an Indian government statement, a ban on exports of vegetable oils has been extended by a year to September 30, 2012.
This was done by the Indian government to continue its cautious approach in farm trade to ensure local supplies at moderate prices.
From in.finance.yahoo.com:

India, the world’s biggest cooking oil importer, used to export tiny [...]

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