SAN FRANCISCO, Sept 18 (Reuters) - Google Inc (GOOG.O) unveiled a new advertising exchange that draws on its search prowess to challenge Yahoo Inc's (YHOO.O) grip on the market for online display ads.
The new DoubleClick Ad Exchange introduced on Friday is the first major overhaul of the system since Google acquired DoubleClick for more than $3 billion in March 2008.
It represents a key plank in Google's plan to supplement its market-leading business of serving text-based ads alongside Web search results with the more visual, graphical ads that appear on websites -- a market dominated by online rivals Yahoo and Time Warner Inc's (TWX.N) AOL.
Sunday, September 20, 2009
Goldman Sachs fund to invest $250 million in Geely
BEIJING (Reuters) - A Goldman Sachs Group private equity fund is investing about $250 million in Chinese carmaker Geely Automobile (0175.HK), a move that could free up capital for Geely's parent to bid on Ford's (F.N) Volvo unit, the Wall Street Journal reported, citing an unidentified source.
Joblessness Spikes to 11.1% in D.C., Eases in Va., Md.
The unemployment rate for the District rose dramatically to 11.1 percent in August, the highest level since July 1983, but fell for the second consecutive month in Virginia and stabilized in Maryland, according to government data released Friday.
Some employment experts attributed the disparity to the higher proportion in the District of undereducated employees in low-wage jobs that are more vulnerable to cuts. Meanwhile, in Virginia and Maryland, the labor market is showing signs of a turnaround, evidenced by a slowing of layoffs and a surge of jobs created by stimulus dollars.
Some employment experts attributed the disparity to the higher proportion in the District of undereducated employees in low-wage jobs that are more vulnerable to cuts. Meanwhile, in Virginia and Maryland, the labor market is showing signs of a turnaround, evidenced by a slowing of layoffs and a surge of jobs created by stimulus dollars.
Thursday, September 17, 2009
Reliance Petroleum drops 3.4%
Reliance Petroleum (RPL)touched an intraday high of Rs 138 and an intraday low of Rs 130.50. At 12:09 pm, the share was quoting at Rs 130.50, down Rs 4.6, or 3.4%.
Reliance Petroleum is going to be remove from NSE F&O from September 25, all contracts to expire on September 24 (merger with RIL), reports CNBC-TV18.It was trading with volumes of 835,604 shares. Yesterday the share closed up 0.41% or Rs 0.55 at Rs 135.10.
Wednesday, September 16, 2009
BOJ Raises Economic Assessment, Sees Recovery Signs
The Bank of Japan raised its assessment of the economy and held the benchmark interest rate close to zero percent as it seeks to strengthen the recovery.
“Japan’s economic conditions are showing signs of recovery,” the central bank said in a statement in Tokyo today, after last month saying they had “stopped worsening.” Governor Masaaki Shirakawa and his colleagues kept the overnight lending rate at 0.1 percent at the policy board meeting.
Reports today showed the economy is rebounding from its worst postwar recession: manufacturers turned optimistic for the first time in almost two years and demand for services rose for a second month in July. The revival has been driven by global stimulus spending and Shirakawa said on Aug. 31 that he’s not yet confident it will continue to improve.
“Even though Japan’s economy is on a recovery path, demand is still weak and the bank seems to think it’s too early to normalize policy measures,” said Hiromichi Shirakawa, chief economist at Credit Suisse in Tokyo, who used to work at the central bank. He said the policy board will keep the key rate unchanged at least until March 2011.
“Japan’s economic conditions are showing signs of recovery,” the central bank said in a statement in Tokyo today, after last month saying they had “stopped worsening.” Governor Masaaki Shirakawa and his colleagues kept the overnight lending rate at 0.1 percent at the policy board meeting.
Reports today showed the economy is rebounding from its worst postwar recession: manufacturers turned optimistic for the first time in almost two years and demand for services rose for a second month in July. The revival has been driven by global stimulus spending and Shirakawa said on Aug. 31 that he’s not yet confident it will continue to improve.
“Even though Japan’s economy is on a recovery path, demand is still weak and the bank seems to think it’s too early to normalize policy measures,” said Hiromichi Shirakawa, chief economist at Credit Suisse in Tokyo, who used to work at the central bank. He said the policy board will keep the key rate unchanged at least until March 2011.
Flat Times For Consumer Prices
Consumer prices rose .45% in August, driven primarily by the 4.6% jump in energy costs, while food prices also eked out a .1% gain after falling through the year. Excluding those relatively volatile elements, inflation barely rose, managing to squeeze out a gain of .07%, the weakest reading of the year.
The razor-thin increase was all the more impressive as the Fed reported that industrial output, which includes U.S. factories, mines and utilities, rose .8% in August, topping the Street's expectations, and providing further indication that the nation is in the midst of a nascent recovery.
The razor-thin increase was all the more impressive as the Fed reported that industrial output, which includes U.S. factories, mines and utilities, rose .8% in August, topping the Street's expectations, and providing further indication that the nation is in the midst of a nascent recovery.
Swine flu death rate similar to seasonal flu: expert
WASHINGTON (Reuters) - The death rate from the pandemic H1N1 swine flu is likely lower than earlier estimates, an expert in infectious diseases said on Wednesday.
New estimates suggest that the death rate compares to a moderate year of seasonal influenza, said Dr Marc Lipsitch of Harvard University.
"It's mildest in kids. That's one of the really good pieces of news in this pandemic," Lipsitch told a meeting of flu experts being held by the U.S. Institute of Medicine.
"Barring any changes in the virus, I think we can say we are in a category 1 pandemic. This has not become clear until fairly recently."
New estimates suggest that the death rate compares to a moderate year of seasonal influenza, said Dr Marc Lipsitch of Harvard University.
"It's mildest in kids. That's one of the really good pieces of news in this pandemic," Lipsitch told a meeting of flu experts being held by the U.S. Institute of Medicine.
"Barring any changes in the virus, I think we can say we are in a category 1 pandemic. This has not become clear until fairly recently."
Subscribe to:
Posts (Atom)
Posts
