INTERNATIONAL
BUSINESS, ECONOMY & FINANCE
Osama Dead Bringing the 10 years worldwide efforts to hunt down Osama Bin Laden, the infamous leader of al-Qaeda, to an end, the US government in a covert military operation gunned down the most wanted fugitive on the planet. Osama’s hideout was a conspicuous, three-storied structure with high boundary walls in the Pakistani city of Abbottabad, just 61 Kms north of Islamabad. In an operation that according to the US officials was unknown to the Pakistan government, the Navy SEALS of the US military shot down Bin Laden after some resistance from him. Reportedly, Osama was hiding at the Abbottabad mansion for the last five years and the Pakistani army was unaware of his whereabouts even though Pakistan’s top military academy is within 800 yards. As the rest of the world celebrated the death of the father of terrorism, Islamic fundamental groups like the Hamas, Hezbollah and al-Tufayli have been mourning and honouring him in the Middle East where the reaction to his death has mostly been ambivalent and even indifferent. To prevent his dead body from becoming an object of deification by his supporters, he was buried in the sea. But his presence in Pakistan has obviously led to the speculation about possible connivance by Pakistani army officials regarding Bin Laden’s hideout all these years.
GM posts Q1 Profits
General Motors reported Q1 profits, which more than tripled from a year ago to $3.15 billion due to strong demand for fuel efficient vehicles. The results are all the more striking considering that GM had less than two years ago declared bankruptcy and had to be bailed out by the US federal government. This is the fifth consecutive profitable quarter for GM, which goes to show the impressive turnaround managed by the Detroit-based automaker. But, despite the company’s revenue rising to $36.2 billion from $31.2 billion last year, its shares have stalled around the $33 level due to investors’ concerns over rising gas prices and higher costs for launching and selling new cars. The company has also faced recent glitches over steering and transmission problems across its popular Chevrolet Cruze model and had to recall more than 154,000 Chevrolet Cruze cars from the huge North American market.
Sony CEO’s apology
Sony Chief Executive Officer Howard Stringer apologised to users of its PlayStation Network and Qriocity as hackers had compromised the data of more than 100 million accounts used for accessing games and music over the Internet. In a letter posted on the PlayStation Blog, Stringer also said Sony has put in place a $1 million identity theft insurance policy to cover affected users. Stringer’s comments come after he faced criticism of his leadership since Sony revealed hackers had compromised the data of more than 100 million accounts.
BUSINESS, ECONOMY & FINANCE
Osama Dead Bringing the 10 years worldwide efforts to hunt down Osama Bin Laden, the infamous leader of al-Qaeda, to an end, the US government in a covert military operation gunned down the most wanted fugitive on the planet. Osama’s hideout was a conspicuous, three-storied structure with high boundary walls in the Pakistani city of Abbottabad, just 61 Kms north of Islamabad. In an operation that according to the US officials was unknown to the Pakistan government, the Navy SEALS of the US military shot down Bin Laden after some resistance from him. Reportedly, Osama was hiding at the Abbottabad mansion for the last five years and the Pakistani army was unaware of his whereabouts even though Pakistan’s top military academy is within 800 yards. As the rest of the world celebrated the death of the father of terrorism, Islamic fundamental groups like the Hamas, Hezbollah and al-Tufayli have been mourning and honouring him in the Middle East where the reaction to his death has mostly been ambivalent and even indifferent. To prevent his dead body from becoming an object of deification by his supporters, he was buried in the sea. But his presence in Pakistan has obviously led to the speculation about possible connivance by Pakistani army officials regarding Bin Laden’s hideout all these years.
GM posts Q1 Profits
General Motors reported Q1 profits, which more than tripled from a year ago to $3.15 billion due to strong demand for fuel efficient vehicles. The results are all the more striking considering that GM had less than two years ago declared bankruptcy and had to be bailed out by the US federal government. This is the fifth consecutive profitable quarter for GM, which goes to show the impressive turnaround managed by the Detroit-based automaker. But, despite the company’s revenue rising to $36.2 billion from $31.2 billion last year, its shares have stalled around the $33 level due to investors’ concerns over rising gas prices and higher costs for launching and selling new cars. The company has also faced recent glitches over steering and transmission problems across its popular Chevrolet Cruze model and had to recall more than 154,000 Chevrolet Cruze cars from the huge North American market.
Sony CEO’s apology
Sony Chief Executive Officer Howard Stringer apologised to users of its PlayStation Network and Qriocity as hackers had compromised the data of more than 100 million accounts used for accessing games and music over the Internet. In a letter posted on the PlayStation Blog, Stringer also said Sony has put in place a $1 million identity theft insurance policy to cover affected users. Stringer’s comments come after he faced criticism of his leadership since Sony revealed hackers had compromised the data of more than 100 million accounts.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist). For More IIPM Info, Visit below mentioned IIPM articles
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist). For More IIPM Info, Visit below mentioned IIPM articles
2012 : DNA National B-School Survey 2012
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Ranked 6th Overall
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
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IIPM’s Management Consulting Arm-Planman Consulting
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IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
IIPM : The B-School with a Human Face
IIPM – FLP (Flexi Learning Program)
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
IIPM : The B-School with a Human Face
IIPM – FLP (Flexi Learning Program)
