Archive for July 20, 2010
Germany’s Hypo Real Estate Holding May Fail EU Capital Stress Test: Reports
Nationalized German bank Hypo Real Estate Holding AG is set to fail a Europe-wide capital stress test conducted by the Committee of European Banking Supervisors or CEBS, reports said Tuesday.
AIG’s AIA Reportedly Seeks To Be Independent After Proposed Hong Kong Listing – Update
Beleaguered insurer American International Group, Inc.’s (AIG) Asian life insurance unit American International Assurance Co. Ltd. or AIA, is reportedly Monday seeking to be independent of the US parent company after its proposed listing on the Hong Kong Stock Exchange. The reports suggest that AIA is already in talks to find potential strategic investors from [...]
WSJ: Nokia Commences Search For New CEO – Update
Mobile phone maker Nokia Corp. (NOK) has launched a search for a new chief executive officer to replace the company’s current CEO Olli-Pekka Kallasvuo, as the company struggles to find traction in the market for high-end smartphones, the Wall Street Journal reported Monday citing people familiar with the situation. The report noted that the company [...]
Amazon Says Kindle Sales Triple Since Price Cut, Outpace Hardcover Sales – Update
Online retailer Amazon.com Inc. (AMZN) said Monday that sales of its Kindle electronic readers accelerated each month in the second quarter – both on a sequential month-over-month basis and on a year-over-year basis. The company noted that Kindle sales has tripled since it slashed the device’s price in mid-June, and has overtaken the hardcover book [...]