Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
Yahoo, Inc. has finally made the decision of selling its stake in Alibaba Group. The roots of the decision could be found to end up at the new Interim Yahoo CEO Ross Levinsohn. It was a long awaited choice that many experts had been suggesting for the beleaguering company. Now that it has been made […]
At the minimum price, and assuming the repurchase of half of Yahoo’s stake, the company would receive $7.1 billion, including $6.3 billion in cash and up to $800 million in new Alibaba preferred stock. Meanwhile, the deal sets up a “framework” for Yahoo to “monetize its remaining interest in Alibaba in stages…” …At the time […]
Karachi stock exchange closes at four-year high today Karachi: (Wednesday, March 28, 2012) Karachi Stock Exchange today exhibited an encouraging trend today as after witnessing an improvement of 0.9 per cent the 100-index closed at 125.68 points higher. Business activity at KSE was mainly led by banking and cement sector amid the two sectors’ enormous […]
Facebook is on the verge of going pubic this summer. The new name, Facebook, Inc., will certainly help the company in getting to the dazzling heights with extra cash worth around $5 Billion. On the other hand the social network also has other tricks up its sleeve to compete not only on internet but also […]
In an extra-ordinary meeting called on by Karachi Stock Exchange (KSE) on Thursday, the stock brokers have unanimously agreed to reject the proposal of raising the term in office of the directors on the board of the bourse to two years. The KSE directors are currently having a one-year term at the office and a […]
North America’s business magnate, the most successful and one of the richest people in the world, Warren Buffett and his company, Berkshire Hathaway, both went on shopping this week. However, these were not some ordinary purchases. Buffett purchased 5.5 percent stake in International Business Machine (IBM) out of his own pocket; he disclosed the agreement […]
Major shareholder abandons Hubco; 140 million shares sold for $60 million The rumours finally materialised last week when Xenel industries of Saudi Arabia actually sold out its entire holding in the Hub Power Company, Pakistan’s Largest Independent Power Plant, to quit its investment from Pakistan. Xenel sold its 140 million shares in Hubco for $60 […]
Is the major shareholder in Hubco about to offload all of its holding? In the exacerbating electric power supply conditions throughout the country, another major blow is about to hit the power generation sector. Xenal Industries of Saudi Arabia, the group which hold 140 million shares in Hubco (Hub Power Company), is expected to withdraw […]
