As the American middle and lower classes continue their inexorable downward spiral into destitution and bankruptcy, Americans have caught the gambling bug big time. In the latest American gambling news, MGM Mirage is investing $5 billion in a new mega casino project in Atlantic City, which already has 11 casinos. MGM Mirage’s proposed multi-billion dollar […]
India’s software services darling Infosys Technologies reported its first billion-dollar revenues quarter. Infosys announced solid results Thursday for its fiscal second quarter with net profits growing 18.4% while revenues rose 19%. For the quarter ended September 30, 2007, Infosys’ net profit came in at Rs 1,100 crore on revenues of Rs 4,106 crore ($1.02 billion). North America […]
In an unusual business quirk, home loans to illegal immigrants have been found to be solid even as subprime mortgages to legal U.S. residents are shaking the financial markets globally. Also known as ITIN mortgages because they are made to those with a Individual Taxpayer Identification Number, most of these mortgages are taken out by […]
Beverly Hills cosmetic surgeons – you know the kind who tinker around with nature’s creations to make them more bountiful and beautiful – are up in arms against their city ‘s move to collect higher taxes from them. Apparently, the Beverly Hills city authorities are coming down heavily on surgery centers after finding that the […]
After several years of tormenting consumers and businesses alike with shoddy Internet Explorer, Office and Windows software rife with massive security holes, Microsoft is now peddling an Internet-based healthcare network. On Thursday, Microsoft rolled out a web site called HealthVault to let individuals store and share personal health information online. The company also rolled out […]
Say what you will, we think the Singapore government’s policy of banning bubble-gum chewing in public was a sensible move. Alas, the Indians are not half as smart as the Singaporeans, who got their Independence 18 years after the Indians. As bubble-gum sales go flat in the U.S., the MNCs have turned their sights to […]