Yahoo to ship 400 employer to Microsoft

Another news about Microsoft Yahoo deal

As a part of the Microsoft-Yahoo search deal, about 400 Yahoos will soon start working for Microsoft instead.
SAI's Dan Frommer unearthed the news in Yahoo's SEC filing on the deal yesterday:

Microsoft will hire no less than 400 Yahoo employees and will pay them competitively. The companies will also agree on a retention plan to keep those 400 and an additional 150 Yahoo employees to help in the transition.

What will it be like, moving from a bleeding-purple Silicon Valley startup made-good to the corporate empire that is Microsoft? We don't know.
The software maker will also hire 150 of Yahoo's staff to assist with the transition, Yahoo said in a Securities and Exchange Commission filing.
Source :- BusinessInsider

It is means Yahoo finished or maybe just change knowledge??

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RBS Sells Some Asian Assets

HONG KONG — The Royal Bank of Scotland sold parts of its Asian assets to Australia and New Zealand Banking Group on Tuesday for $550 million, a move that helps the stricken British lender to raise much-needed cash and allows ANZ to considerably raise its exposure to Asia.

ANZ, one of Australia’s four largest banks, is buying RBS’s retail, wealth and commercial businesses in Taiwan, Singapore, Indonesia and Hong Kong, and the institutional businesses in Taiwan, the Philippines and Vietnam.

The purchase will give it access to 54 branches, $3.2 billion in loans and $7.1 billion in deposits serving about 2 million clients, and represents what ANZ called a “stepping stone” in the regional expansion strategy that sees it deriving 20 percent of its earnings from Asia by 2012.

The units “complement ANZ’s existing businesses across Greater China, Indochina and South East Asia and provide our franchise with further growth momentum,” said Mike Smith, ANZ’s chief executive, in a statement.

The acquisition is also the latest example of a financial institution in the Asia-Pacific region snapping up assets put up for sale by troubled U.S. and European institutions that were hit by the financial crisis that began to crystallize in 2007.

Source :- http://www.nytimes.com

LONDON (Dow Jones)--Shares in Royal Bank Of Scotland Group PLC (RBS) climbed 3.1% Tuesday after it confirmed it had raised $418 million from the sale of some of its Asian operations and said it was in advanced talks about the sale of its businesses in India and China.

The bank said overnight that it has agreed to sell retail and commercial banking operations in Taiwan, Hong Kong, Singapore, and Indonesia and its institutional businesses in the Philippines, Vietnam and Taiwan to Australia & New Zealand Banking Group Ltd. (ANZ.AU).

Shares in RBS were up 1.4 pence, or 3.1%, to 48 pence at 0817 GMT, the leading gainer on the FTSE 100. RBS has been among the hardest hit by the credit crunch and global recession and its shares have lost more than two-thirds of their value in the last year.

Source : - http://online.wsj.com

Another selling assets on this year. Maybe its time for Australia and New Zealand to gain more reputation on Asia..

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U.S. Has ‘Many More Months’ Before Full Recovery

President Barack Obama said it will take “many more months” for the U.S. to fully recover from the recession as employers continue to shed jobs.

The president said in his weekly address on the radio and the Internet that yesterday’s government report on the gross domestic product showed the recession was “even deeper than anyone thought” when he took office in January. The stimulus legislation passed by Congress in February and measures to stem home foreclosures have helped stem the slide, he said.

“Important steps that we have taken over the last six months have helped put the brakes on this recession,” Obama said. “But history shows that you need to have economic growth before you have job growth.”

Obama is putting the economy back at the forefront of his remarks to the public as polls show it remains the top concern of Americans. Next week he’s heading to Elkhart, Indiana, for an event focused on his economic policies. Obama said earlier this week that the U.S. “may be seeing the beginning of the end of the recession.”

The Commerce Department reported yesterday that the gross domestic product shrank at a 1 percent annual pace in the second quarter, less than forecast, after a 6.4 percent drop in the first three months of the year. The economy has lost 6.5 million jobs since the recession began in December 2007, and economists surveyed by Bloomberg this month forecast the jobless rate will exceed 10 percent by early 2010. The Labor Department is scheduled to release the July unemployment rate Aug. 7. The June rate was 9.5 percent
- SOurce Bloomberg.

It is food news for US bussinessman.. Hope US economy will recover soon coz there's more opportunity if US econ stabil..

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New or takeover business

I just think to write about new or takeover business..
There's a debate at my workplace about the method in business..
Whether create a new business or takeover same modelling business. There's a pros and cos in the method. It is the pros and cons about the method.

Pros
1. New Business
- It is easy to manage the new busines. You can plan exactly from beginning and no where the process of the business..
2. Takeover Busines
- There's a setting for the business. No more plan from beginning. It save more times.

Cons
1. New Business
-It is hard to start with 0. You must manage and work hard to plan, setting organization and more..
2. Takeover Business
- You don't know whole process. Sometimes there's a hole in the organization left by former owner.

How about your opinions?? I think there's many idea can create by your opinion.. Do you think this post is informative??Share this:
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