Alan C. 'Ace' Greenberg died on Friday at Mount Sinai Hospital in New York due to complications arising from cancer. He was 86.
He was the one to transform a insignificant bond shop into the fifth-largest U. S. securities firm as a chief executive officer of Bear Stearns Cos. The form collapsed in 2008 as a result of one of the major events of the global credit crisis.
Shanghai Husi a subsidiary of OSI Group of U. S based in Aurora has recently been the focus of major scandal related to food safety. The concern spread from China to Hong Kong and further to Japan. The allegations against it were that the supplier was supplying mixed meat products that some of which were fresh and some were expired.
On Thursday, U. S President Barack Obama used the term "corporate deserters" for companies that re-incorporate to other countries to avoid taxes. He called for stepping up a drive would shut a tax loophole which could affect deals which are in progress for Walgreens and AbbVie, the two big companies which have headquarters in the suburbs of Chicago.
The shareholders who hoped that Amazon would earn larger profits were disappointed again as the company posted a loss for the second-quarter loss which was greater than the expectations of Wall Street. Not only that the company also projected continuing losses which are huge in the current quarter too.
On Thursday the United Nations in its annual human development report said that the there is a slowdown in the improvements of human life spans, education facilities as well as incomes mostly resulting from natural disasters, erroneous government policies and ever growing inequality in a world in distribution of wealth where the 85 of the richest people in the world have accumulated wealth of a