Tuesday, 20 December 2011

24 hours of economics in 240 words! An economic snapshot number 4!

For Dedember 20th
0:10 a.m. AT&T have stopped their $39billion bid to acquire T mobile USA, to make it the US's biggest mobile provider, due to high demands from Duetsche Telekom and discouragement from the American government, claiming it would be bad for competition.
3:42 a.m. Winston Wong, the son of a Taiwanies tycoon, is suing his family for $4billion, claiming his late fathers' assets belong to his company Formossa plastics and not to his relatives.
8:40 a.m. HTC looses patent battle with technology giant Apple after being found to be infringing on one of Apple's patents. All phones using this feature will be banned in April 2012.
11:12 a.m. Confidence in German businesses has risen again for the second month in the row as the latest projections confirm suspicions that Germany is handling the economic downturn the best of the European countries.
1:23 p.m. The EU unveils plans to create better workforce within its professions with the introduction of new minimum trading standards, an electronic certificate and a new alert system to warn when a worker is incompetent.
5:58 p.m. It's been revealed home building in the US rose in November.
8:32 p.m. Sweden cuts interest rates for the first time since 2009, claiming the Eurozone crisis is to blame.
9:04 p.m. ConAgra's profits fall drastically after second quarter earnings fall 14%.

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