Today Rio Tinto PLC (RTP), the world’s largest mining company, has announced that it stroke an agreement with Nippon Steel on reducing its prices for the ore iron it supplies to the Japanese manufacturer. The price reduction (contractually agreed) amounted to as much as 30% of the previous year’s prices. Is this good news? The market seemed to think so, […]
Recently the announcement of the LED TV’s launch seemed like the first good news after long months of waiting expectations from the industry. After all, during the recent US recession, everybody was expecting the electronics companies to come up with new products, at least as a replacement solution for the market-invading LCD TV’s.
The big news of these days for the internet seem to be the launch of the wolfram alpha search engine. Which, after our first doitinvest.com tests, looks as more of a fad. Wolfram alpha reveals itself to the world as a different search engine – in a sense that it uses different search algorhitms compared to any other search engine. […]
In such a bad environment, where travelling and tourism are down more than 20% vs. 2008 (and last year was a bad one too), Accor continues toplan for expansion. It has recently announced plans to expand further its business. Accor, Europe’s largest hotelier, plans to set aside 100 million euros ($132.8 million) a year to buy hotels put up for […]