Uploaded by FinancialNewsOnline on Mar 20, 2012
This is what's in the news for Tuesday
March 20, 2012. Wall Street Journal reports Moody's Investors Service
said it may downgrade the credit ratings of GE (NYSE:GE) and its finance
unit, pointing to risks its lending arm could pose in another credit
crisis. The Wall Street Journal also reports Facebook CEO Mark
Zuckerberg doesn't expect to play a hands-on role selling the social
network's IPO to analysts. Reuters reports BHP Billiton (NYSE:BHP) said
it was seeing signs of "flattening" iron ore demand from China, though
for now it was planning to expand production. Bloomberg reports a
number of companies recently opted for a cloud provider like Salesforce
(NYSE:CRM) over Oracle (NASDAQ:ORCL), evidence of shifting loyalties in
the $113.8B business applications market. Finally Bloomberg also
reports Microsoft (NASDAQ:MSFT) will finish work on Windows 8 in the
summer, setting the stage for personal computers and tablets with the
operating system to go on sale around October.
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