Xiaomi Inc. the four year-old smartphone maker from China plans to invest approximately 1.27 billion yuan to buy a small stake in Midea Group, which is a maker of home appliances in China. The announcement in this regard was made by both the companies on Sunday in a joint statement.
Following the Great Recession the Wealth Inequality Gap between Whites, Blacks and the Hispanics WidenSubmitted by Anil Dayal on Sat, 12/13/2014 - 12:10
It is now quite evident that the U. S. economy is slowly starting to signal at a robust recovery after the Great Recession. The economic growth figures were revised in the upward direction to 3.9 percent in the last quarter. However, it does not appear that the benefits of this growth are being enjoyed by everyone equally.
What was the former Showboat Casino Hotel in Atlantic City has been purchased by the Richard Stockton College of New Jersey, and the school has big plans ahead. The $18 million deal has been completed. The school is making its plans for expansion for what it calls its "Island Campus."
Finally the purchase deal of Market Basket has come to an end. Tewksbury based Market Basket was founded in the year 1917.
Massachusetts has some of the toughest laws for consumer protection in the country. If merchants overcharge the consumes for the products or services they buy then, in several cases the merchants may even be forced to pay back three times the amount they have actually overcharged. The merchants can also endure state lawsuits and as well as civil penalties, which could amount to thousands of dollars.
To meet the new requirements set by the Federal Reserve, JPMorgan Chase & Co. which already faces the maximum capital surcharge as per the international rules, might require an extra $20 billion or more as additional capital by the year 2019.