The online education companies Eleutian Technology and Idapted said on Wednesday that they would merge, bringing together the American and Chinese companies in the fast-growing $100 billion market for online English instruction, Reuters reported. Backers of the new company, which will retain Eleutian’s name, include Cheyenne Capital and Gobi Partners, as well as the former [...]
A long-delayed government epidemiological study of possible ties between diesel exhaust and lung cancer in miners may finally be published this fall — but only after a mining industry group, represented by the Washington lobbying powerhouse Patton Boggs, finishes a pre-publication review of the study’s drafts. Eighteen years in the making and eagerly awaited by [...]
From Catherine Rampell at Economix: American companies are still sitting on mountains of cash, according to a new report from the Federal Reserve. The Fed’s quarterly Flow of Funds report, released Friday with data for the second quarter of 2010, found that total credit grew for the first time in over a year, mainly because [...]
By SUSANNE CRAIG and PETER LATTMAN For 16 years, Marshall A. Cohen served as a director of the American International Group, stepping down just months before the company’s near-collapse in 2008. Several months later, Mr. Cohen was again in demand, joining the board of Gleacher & Company, a New York investment bank. Gleacher expanded its [...]
Credit to European companies fell in June in a sign that business expansion remains tepid, according to data issued by the European Central Bank Tuesday, Jack Ewing reports in The New York Times. Growth in so-called M3, a measure of bank deposits, short-term debt and other elements of the money supply, rose at an annual [...]
Dubai International Financial Center, a tax-free business park, is exploring the possibility of setting up a “second-tier” stock exchange for small and medium-sized companies in the Middle East, Bloomberg News reports. The existing equity markets in the Middle East are geared for bigger companies, although about 95 percent of the firms operating in the region [...]
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