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Happy Birthday, Mark Zuckerberg!

Posted on 14 May 2012 by dana

Mark Zuckerberg, Facebook founder, turns 28 years old and holds a fortune of 17.500 million dollars, which is positioned in 35th place in the list of Forbes’ richest.

Zuckerberg, who was born in White Plains, New York, founded Facebook in 2004 in his dorm at Harvard, along with Dustin Moskovitz, Chris Hughes and Eduardo Saverin.

Eight years after its creation, the social network was launched on 1 February with the Securities and Exchange Commission (SEC) documents for an Initial Public Offering in order to raise 10.000 million. The operation may be the largest IPO of a company in Silicon Valley and is expected to occur this week.

If the price for its IPO is located in the range of 28 to 35 cents a share. Zuckerberg pocketed up to 1.100 million dollars, according to experts.

Zuckerberg is one of the leading entrepreneurs of Silicon Valley.

For experts, this is the most important explanation of why Facebook has not yet founded any formidable rival in the sector, including the challenge of Google last year.

Although a busy man, the young CEO gets challenges each year: in May 2011, Zuckerberg said he was willing to eat meat from animals he had killed.

In December 2010, the publisher, Bluewater Productions, released the biographical comic “Mark Zuckerberg: the Creator of Facebook.”

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Avon rejects takeover bid

Posted on 02 April 2012 by dana

NEW YORK – The cosmetics firm Avon Products Inc. rejected a takeover offer of $ 10.000 million fragrance maker Coty Inc.
Coty announced the bid for Avon on Monday. He said the offer of 23.25 per share represented an increase of its previous offer of 22.25 per share.

The new offer was a gain of 20% to Friday’s close of 19.36 Avon cents per share on the stock market.

Shares of Avon, U.S. brand known for its “Avonladies” that offers products door to door and friends and family, increased 18.5% to reach 22.95 dollars in transactions prior to the opening on Monday.

Coty said Monday it has no interest in acquisition negotiations Avon. He added that 22.25 per share offered in early March and said it made public its intentions to shareholders are aware of the proposal.

However, Avon said Monday that the new offer of Coty is basically the same as that raised before.

Coty, known for its fragrances and nail care products, said the merger to occur, the new company would be called Avon-Coty.

The offer comes at a time when loss-Avon and has a power vacuum.

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Holidays in Greece to get incredibly cheap after returning to drachma?

Posted on 06 February 2012 by admin

Greek crisis is moving rapidly to the worst solution. After partially announced bankruptcy last year, will probably total cessation of payments. Percentage cut debt increased from 20% to 50%, then 70% and already Greeks wonder whether it makes sense to pay something.

At first it was only to be cut private debts, but now threatens to leave Greeks with swollen lips even the European Central Bank. Peak of payments in March, and the Greeks explicitly threatening that they would not honor. Private accounts have already migrated 65 billion to the state remains in the clutches of bankruptcy bank nationalization or return to the drachma.

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