LinkedIn.com has sold almost 8 million shares @ $45 each raising almost $353 million in cash. This was their initial U.S Public Offering and shares sold at the top end of the estimate.     62% of the stock sold is owned by LinkedIn, the remainder is owned by venture capital branch  McGraw- Hill Cos. and Goldman Sachs Group. The stock is officially publicly traded as from tomorrow on the New York Stock Exchange [...]

DSK (Dominique Strauss Kahn) has had his $1 Million Bail Money refused by a New York Judge.   The prosecution convinced the female Judge at Manhattan Criminal Court that DSK was a flight risk and should be not granted bail.     DSK’s wife had already wired through 1 million dollars from her personal account to cover the bail. It was not needed. Judge Jackson ordered that Strauss-Kahn should be held over and detained at [...]

An idea to reward the hard-hit British taxpayer with a share certificate worth £1000 ,in the Banks they effectively part own, has been put forward by the Centre For Policy Studies (a Conservative Think-Tank) and the Liberal Democrats.   It really sticks in most taxpayers gut that they bailed out RBS and Lloyds with their hard earned tax and yet have nothing to show for it. In fact even worse the major Banks have stopped [...]

European Finance Ministers and IMF Board members met in Brussels today, Monday 16th May, to thrash out the amount of bailout money that Portugal would receive.   The IMF were without Strauss-Kahn , the Head of the IMF, as he has been detained in New York on sex crime charges.   This didn’t stop Ministers and IMF members from agreeing a deal. The total amount of bailout money Portugal will receive is 78 BILLION EUROS. [...]

For Savers there appear to be very few safe havens with good returns. In the current market with low bank rates there aren’t any phenomenal returns to be had unless you fancy higher risk investments, where there is lots of opportunity right now.                                           However the National Savings & Investments Bonds have returned for safe [...]

Dominique Strauss-Kahn is the 62 year old Head of the IMF (International Monetary Fund). The Frenchman is also a leading figure in the Socialist Party in France and was seen as a leading candidate to challenge Sarkozy for the French Presidency at the next round of elections.       However that has all been thrown into chaos, along with the running and leadership of the IMF after yesterdays events in New York. Strauss-Kahn has [...]

Year on year, General Motors have tripled profits. Their first quarter profits stand at $3.2 Billion. It is less than 2 years ago that General Motors filed for bankruptcy and were bailed out by the U.S. Government to the tune of $52 Billion.     GM now has a cash surplus of $36.5 Billion and plans to invest $2 Billion in their U.S Operations, making safe 4,000 jobs at 17 car plants. Their strong position [...]

During the economic downturn Charities and NPO’s (non-profits) have been hit hard, particularly the smaller lesser known organisations.   To date there hasn’t been a recognised way for the hundreds of millions of mobile phone owners to donate effectively using their mobile device. In step Give.mobi       According to GIVE.mobi   Give.mobi provides the easiest and most economical way for NPOs to reach out and accept mobile donations from any smartphone.Participating NPOs are [...]

Microsoft has agreed terms on what is set to be their biggest ever deal. A whopping $8.5 million for VOIM/VOIP operator Skype.     There were rumours that Google and Facebook were sniffing around and it’s unclear whether MS felt the need to go ahead and make sure of this deal. However from where I’m standing, the numbers just don’t add up.   This was an all cash deal, no stocks or shares packages. Skype [...]

The White House has officially come out today and stated that no-one will be paid out the $25 Million Reward Money that was on Bin Laden’s head.   As we predicted a week ago in our article about Bounty Hunter Rewards.     The Bounty Money was for capture dead or alive. However apparently U.S CIA officials have been tracking him and a courier for months and were pretty sure of his location. As it [...]