Investors on Wall Street fretted Tuesday that a deal to keep Greece from triggering a financial crisis might fall apart, and a slew of corporate earnings reports at home didn’t make them feel much better.
The Dow Jones industrial average closed down 33 points at 12,676. It has risen or fallen less than 100 points in 14 straight trading sessions, the longest calm stretch since late March and early April last year.
The Standard & Poor’s 500 ended in the red for only the third time this year, losing a point to close at 1,315. The most the S&P has lost in a day this year is seven points. It is up 4.5 percent for 2012.
The Nasdaq added two points to close at 2,787 after a day of wavering between small gains and losses.
THE Welsh Government has rejected a bid from Bangor University to acquire a former technium business incubator site at no cost.
Minister for Business Edwina Hart has confirmed that she has rejected the takeover bid for the former CAST (Centre for Advance Software Technology) Technium, now known as T Menai.
Instead Mrs Hart has directed officials in her department to enter into discussions with Bangor University to agree a disposal on market terms.
In the event that Bangor University is not prepared to proceed on this basis the minister has agreed that the property is offered for sale on the open market.
The technium once formed part of the Welsh Governments business support initiative.
However, following a return on investment evaluation, six of the 10 techniums set up to accommodate and support mainly start-up businesses in specific sectors were axed from the European Union back programme last year.
As reported in the Western Mail last month, a bid by Glyndr University to acquire the OpTIC Technium at St Asaph for no cost was also rejected by Mrs Hart although negotiations are continuing.
As well as OpTIC Technium, the remaining sites are Technium Digital and Techniums one and two all in Swansea and Technium Springboard in Cwmbran.
A Welsh Government spokesman said: As announced in November 2010, four sites are retained within the Technium network.
The Welsh Government continues to review Technium performance and the most appropriate way of taking forward the network.
We’ve all been hearing a lot about Pinterest lately, so you’re probably wondering whether you should take the plunge and create a profile for your company. We say you go for it, especially if women are your target consumers–70% of pinners are female. Pinterest has a highly engaged audience–a reported 3.3 million users logging more than 421 million page views–so there’s plenty of opportunity for brands to flesh out pinboards and catch pinners’ eyes.
First, let’s go through a quick explanation of how it works. Pinterest is a visual social discovery network. You create online pinboards (like a bulletin board) for various categories (i.e. “dream home” or “things to buy” or “recipes”), and you “pin” items to it. You can p
The South African National Roads Agency (Sanral) denied on Tuesday that its e-toll terms and conditions were either unfair or illegal.
Responding to media reports, Sanral said that nowhere in the conditions does it indicate that Sanral would obtain more information than it otherwise needed. The information required may differ from person to person and accordingly the reason for the provisions of the clause.
“As to whether Sanral obtained more information than may be permitted is a factual issue which can be addressed at the relevant time. Full Article…
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The cabinet meeting has approved issuing of four financial decrees relating to acquiring loans for rebuilding the country and flood prevention, Atchaporn Charuchinda, secretary general of the Council of State, said on Tuesday.
The four proposals were put forward by the strategic committees for rehabilitation and future development and for setting up a water resource management system.
They are needed to help restore the confidence of Thai and foreign investors and to ensure the prevention of a recurrence of the floods in the long term, Mr Atchaporn said.
The Council of State must give advice to the cabinet on whether the issuance of bills and decrees is constitutional. It wa
Southeastern Brazil’s Minas Gerais state governor Antonio Anastasia will request at least 1.5bn reais (US$814mn) in funding from the federal government on Tuesday (Jan 10) to support flood prevention, reconstruction and sanitation work.
The state aims to rebuild areas that were damaged by recent heavy rain and flooding. Work will include bridge construction, slope contention, drainage works and urban infrastructure improvements, federal news service Agкncia Brasil reported.
The state’s priority is to repair damaged roads and fully restore water supply and electrical power services, Anastasia said, adding that disaster prevention projects will be carried out during a second phase.