Economists find kinship networks play key role to access credit

In times of financial hardship, or when opportunities arise, the ability to borrow can be critical. Some people rely on commercial lenders, while others depend on relatives, especially in developing countries. But a new study ...

Microsoft CEO Ballmer pay slips 4 pct to $1.3M

(AP)—Microsoft Corp. CEO Steve Ballmer's pay package fell 4 percent after his bonus was trimmed, partly due to slower-than-planned progress in the software company's online business and a drop in revenue at its Windows ...

Ericsson to write down 1.4 billion euros in fourth quarter

Swedish telecoms equipment maker Ericsson on Tuesday said it would write down 14.2 billion kronor (1.4 billion euros, $1.8 billion) in assets as the troubled company struggles to compete in a rapidly changing sector.

Lam Research, KLA-Tencor end merger, cite antitrust views

Lam Research Corp. and KLA-Tencor are scrapping their merger agreement due to antitrust regulators' opposition to the deal that would have combined the two makers of equipment for manufacturing semiconductors.

Why financial inclusion needs a new frontier—asset building

The concept "financial inclusion" is used in mainstream business and development circles as an all-encompassing term for innovation in financial services for the poor. Financial inclusion is promoted as part of an important ...

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