Banks will be in the S&P’s 500 spotlight this week as they release their quarterly earnings one by one. The question of the various analysts is whether the surviving financial institutions will repeat the performance of the first quarter, when they surprisingly posted profits.
It is a matter of public knowledge how envious is Google on Microsoft’s success with the X-Box game console. After all, Microsoft managed to diversify itself very successfully in the hardware sector via a single, yet very desirable product. Google’s forrayal into the hardware software has led to the creation of the Android mobile phone, which was not by any […]
Two weeks later after the previous update on our portfolio and the news are not so good. From the very beginning we decided to go for a buy and hold approach. This is something very simillar to what a normal investor would do. After all, not everybody (including our doitinvest.com team, the authors of this blog) has enough time to […]
You might have heard of this already – Ely Lilly has been actively marketing drugs supposed to counteract the Alzheimer disease for older people, which did not work. And this is more than a $6.8 billion suit already – the prosecutors have lots of documents to prove it, according to the media. Insurers and other so-called third-party payers evaluated that […]
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, […]
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 […]
It took 20 years and undisclosed millions of dollars to build the Resort at Pelican Hill on the California coast just south of Los Angeles. The centerpiece of the complex is the “Coliseum”—a two-storey, semicircular, epic-scale colonnade enveloping the world’s largest circular pool, decorated with $1 million-plus hand-cut custom glass tiles.