Visa, the world’s largest credit card operator plans to have an initial public offering (IPO) to raise capital for the company due to the huge decrease in the credit market. Some interesting stats that will help increase Visa’s growth is that by 2011, 55% of transactions will be cashless. (more…)
Exxon Mobil posted a $40.6 billion profit today for the year of 2007, the highest of any US company. Also it should be noted that Exxon only produces 3% of the world’s oil. (more…)
Today there has been a huge upset in the world of online giants and the ever ongoing battle between Microsoft and Google. Microsoft put a bid to Yahoo for $44.6 Billion USD today. This deal is seen to bring two giants in desktop software and online presence back to their glory days instead of bygones as viewed now. More about the financial stuff: (more…)
Ever since the x-prize took off in 2003 with the first un-manned reusable non-governmental spaceship into space for US $10,000,000, I’ve been interested in commercial/civilian spaceflight. As I reported last week with Richard Branson announcing Virigin Galactic to offer private spaceflight. (more…)
The market is going down again, but don’t be worried just yet. Bush is going to speak about his stimulus package at the state of the union address next week which will cause a slight up turn. Personally, the market will have a slight uptick for about a month and probably will sink as more information and the effect of the housing market collapse happens. Since it is being felt around the world already
