Archive for January, 2010

Amazon shows 71% increase in profits

Online retail website, Amazon, has posted profits for the fourth quarter of 2009, which were up by as much as 71% during the Christmas period.
Amazon is thought to have achieved the high profits after offering an enhanced free delivery service over the holidays, as well as actively competing in a wide array of different retail [...]

Toyota recalls nearly 2 million cars after fault pedals worry

Toyota has stated it will be recalling as many as 1.8 million Toyota cars after a recurring issue with the accelerator pedal in a number of the models.
Amongst the cars being recalled are the popular Toyota Yaris and Corolla models, which may all potentially be affected by the pedal problem. Models dating back to as [...]

UK officially leaves recession

Well, it’s finally official; the UK has left behind recession status, but barely scrapes a positive economy growth to do so. The UK economy managed a measly 0.1% growth in the last quarter of 2009, which was lower than what many analysts were predicting.
Despite the somewhat meagre increase, it was a positive positive change nonetheless, [...]

US Kraft to takeover UK Cadbury

Cadbury has approved a takeover bid by the Kraft, in a deal which a spokesperson from the US food giant claims will form a “global confectionery leader”.
Cadbury, based in Birmingham, United Kingdom, has been in talks over a possible takeover for a few months now and the board finally agreed to the Kraft offer. The [...]

UK interest rates remain at 0.5 percent

The Bank of England (BoE) has left the United Kingdom’s interest rates at half a percent for the tenth month in a row.
Following the latest Bank of England meeting, a decision was made to keep interest rates in the UK at half a percent, a record low that has been held since March 2009.
The rates [...]