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Groupon backs down on Google’s $6bn acquisition

By Agency Reporter Monday, 6 Dec 2010 SAN FRANCISCO: Groupon Incorporated, a Chicago-based Internet-coupon service with more than 35 million users, walked away from an acquisition offer from Google Incorporation on Friday, according to a person with knowledge of the matter. Bloomberg reported on Saturday that the proposed acquisition fell through […]

PMIs advocate N120bn recapitalisation for FMBN

By Samson Echenim Monday, 6 Dec 2010 Primary Mortgage Institutions have called on the Federal Government to recapitalise the country’s apex mortgage institution, the Federal Mortgage Bank of Nigeria, to the tune of N120bn, to enable it perform efficiently. The PMIs also called for the repositioning of the FMBN so that […]

Stocks’ rally set to run as fear fades

NEW YORK: Europe‘s sovereign debt crisis will still hang over global markets next week, but on Wall Street, investors will not be afraid to bet on stocks, Reuters reported on Saturday. Wall Street has shown its ability to hold onto gains, or quickly recover from losses this week despite Europe‘s […]