|
Money Minute: Millionaires, Yahoo, Circuit City
BusinessMoney Minute: Millionaires, Yahoo, Circuit CityMoney Minute: Millionaires, Yahoo, Circuit CityThe Associated PressThe world's millionaires club is getting bigger _ and its members decidedly richer. The AP's Mark Hamrick reports on that and the rest of Tuesday's top business headlines. (June 24)AP Money MinuteThe world's millionaires club is getting bigger _ and its members decidedly richer. According to the 12th annual World Wealth Report released by Merrill Lynch, the number of people around the globe with at least $1 million in assets swelled by 600,000 or 6 percent last year to 10.1 million. The combined wealth of the millionaires' club meanwhile grew 9.4 percent to $40.7 trillion. Their average wealth, which didn't include primary homes, surpassed $4 million for the first time.------------------------Yahoo's depressed stock has jumped by more than 3 percent on reports that the Internet pioneer is once again exploring a possible deal with Microsoft. The Silicon Valley blog TechCrunch says the two companies are talking, but a person close to Yahoo told The AP that Microsoft still isn't interested in buying Yahoo in its entirety. Microsoft and Yahoo didn't immediately respond to requests for comment.------------------------Circuit City isn't saying a buyout is in the future for the electronics retailer, but an activist investor expects an announcement of a possible sale within the next month. Mark Wattles, whose investment firm holds a 6.5 percent stake in Circuit City, said three companies are in the late stages of conducting due diligence in regard to buying the company. Wattles says, "the sniffing is over with."i'm Mark Hamrick with AP Money Minute(****END****)
Channel: News & Politics
Uploaded: June 24, 2008 at 8:43 pm
Author: AssociatedPress
Length: 01:16
Rating: 4.00
Views: 636
Tags: circuit city millionaires minute: wealth world yahoo
Video Comments
|
YahooInternetNetwork (July 9, 2008 at 7:24 pm)
Yahoo |
|
Subscribe to
"The Network Marketing Success
Ezine"
The network marketing ezine for distributors, leaders and
trainers working hard to build their business with
articles, blog, tips and tricks from people who have been
there done that.
Bonus: 8 Quality Audio Reports w/ Resell
Rights
|
Amazing Advertising
Tips
|
Blockbuster Cash
Secrets
|
|
Breakthrough Sales
Solutions
|
Clever Profit
Generating
Insights
|
|
Covert Product Selling
Principles
|
Customer Tested Buying
Triggers
|
|
Explosive Influence
Tactics
|
Extreme Persuasion
Strategies
|
We guarantee
your privacy! We will never share your email address,
period.
Simple opt out instructions
included with every communication.
If you don't like what we're
sharing with you, you can banish us...
forever!
Add your banner to this banner rotation. Check out the ad specials! Click here!
|
