More bad news out of the Lake Las Vegas development. The resort area slowly implode since last June and now USA Today's Hotel Check-In says that the Ritz-Carlton Lake Las Vegas will shut down at the start of May putting around 400 people out of work. The 348-room resort is owned by Village Hospitality, an arm of Deutsche Bank which has decided to case funding the hotel.
Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts
Tuesday, February 9, 2010
Lake Las Vegas Ritz-Carlton Set To Close !
More bad news out of the Lake Las Vegas development. The resort area slowly implode since last June and now USA Today's Hotel Check-In says that the Ritz-Carlton Lake Las Vegas will shut down at the start of May putting around 400 people out of work. The 348-room resort is owned by Village Hospitality, an arm of Deutsche Bank which has decided to case funding the hotel.The Queen Elizabeth 2 Finally Going Up For Sale !
For a long time it has seemed that Dubai's acquisition of the Queen Elizabeth 2 cruise ship has been ill-fated. Dubai World acquired the ship for a reported $100 million (RM 344 Million) and planned to turn it into a glamorous floating hotel in Dubai. But the anticipated renovation never took place and rumors began last year that the ship would eventually be for sale amid the general financial turmoil that has hit Dubai.Tuesday, January 26, 2010
Apple reports record revenue and profits for Q1 2010 !
Apple reported its financial results for Q1 2010 which ended December 26, 2009 and the results were nothing short of impressive. Apple posted its all time highest quarterly revenue, its all time highest quarterly profit and when annualized, these numbers will push Apple into a over $50 billion (RM 170 Billion) per year company. Dollar figures that are so impressive they don’t require an explanation, so we will let the numbers speak for themselves.Monday, January 25, 2010
A Big-Picture Look at Google, Microsoft, Apple and Yahoo
The chart illustrates many of the services these companies provide. Some of their products have been cornerstone revenue streams, and others are just at the beginning of development. But putting them up against each other really helps illustrate each company’s focus and their possible future directions of exploration.
Saturday, January 23, 2010
Google Co-Founders To Sell USD 5.5 Billion Combined In Stock !
SAN FRANCISCO: Google Inc. co-founders Larry Page and Sergey Brin are relinquishing some of their control over the Internet search leader with the sale of 10 million shares worth US$5.5 billion at current prices.
Under a plan disclosed Friday, the longtime business partners will each sell 5 million Google shares during a five-year period that will commence with the first trade.
The sales will occur periodically to lessen the chances of hurting Google's stock price. Page and Brin, both 36, will remain Google's most influential shareholders, although they will be lose some of their clout.
Under a plan disclosed Friday, the longtime business partners will each sell 5 million Google shares during a five-year period that will commence with the first trade.
The sales will occur periodically to lessen the chances of hurting Google's stock price. Page and Brin, both 36, will remain Google's most influential shareholders, although they will be lose some of their clout.
Sony Ericsson Q4 Results, Very Bad Daaaa !
Not long after announcing the Kurara / Vivaz (and the Xperia X10 for Japan), Sony Ericsson has now reported its Q4 and full year 2009 results, which continue the “positive trend” started in the previous quarter.
The company sold 14.6 million phones in the fourth quarter of 2009 – slightly more than in the third quarter (reportedly thanks to “market seasonality and successful sales of Satio and Aino phones”), but considerably less than in Q4 2008, when 24.2 million devices were shipped. The average selling price (ASP) for Q4 was of €120 (RM 575).
Overall, SE sold 57.1 million phones in 2009 and lost a whopping €878 million (RM 4.2 Billion).
The company sold 14.6 million phones in the fourth quarter of 2009 – slightly more than in the third quarter (reportedly thanks to “market seasonality and successful sales of Satio and Aino phones”), but considerably less than in Q4 2008, when 24.2 million devices were shipped. The average selling price (ASP) for Q4 was of €120 (RM 575).Sony Ericsson lost €40 million (RM 192 Million) (before taxes and excluding restructuring charges) in the fourth quarter of 2009 – not bad compared to the €198 million (RM 950 Million) loss announced for Q3 2009.
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