China Post just reported the following: Singapore’s iconic 117-year-old Raffles Hotel has been sold, along with 40 other hotels and properties worldwide to U.S.-based investment fund Colony Capital LLC for S$1.72 billion (US$1 billion; euro846 million), including debt, its former parent Raffles Holdings Ltd. said Monday. I got to wondering about companies that sell their core businesses: why?… Read More »
This weekend it seems there has been a real typhoon in both the real world and the world of politics. Typhoon Haitang has come with really heavy winds, so heavy I thought our superstrong livingroom window would break, but we taped it up and everything seems all right for now. On Saturday, of course, the other typhoon was the election… Read More »
Yahoo! has launched a new Blogging Tool, called “Yahoo 360”. While I’m not the first user to get access to this system, I have tried to use it on several occasions. It looks pretty good because it has the potential to bring together a wide variety of Yahoo! resources into a blog format, including the groups, photos, and… Read More »