Yahoo Japan Teams Up With Apple iTunes

Yahoo Japan and Apple, Inc. have teamed up recently and has replaced a Sony Corp.-affiliated music download service on Yahoo Japan with Apple’s iTunes Music Store. With this partnership its now possible for users to access iTunes through Yahoo Music Japan. The iTunes music store now onwards will be the default store for Yahoo Japan.

Cricket website Cricinfo taken over by ESPN

ESPN was eyeing over Cricinfo for quite a long period of time, recently they took over cricinfo. This seems to be a great move by ESPN as it will increase their popularity as well as the popularity of Cricinfo. Cricinfo was launched in 1993, it was an online community of cricket fans to supply cricket-related information on a voluntary basis. Now cricinfo can have better news and information as its with ESPN.

Mallya targets SpiceJet, plans to spread Kingfisher’s wings

Vijay Mallya is currently planning to expand Kingfisher, by targetting low cost airlines. First it was Air Deccan and now its SpiceJet. Mallya is currently interested in acquiring a stake even in Delhi-based budget carrier SpiceJet.

Role of stock exchanges in an economy

The Stock Exchange help companies to raise capital for expansion through selling shares to the investing public.

They help in mobilizing savings for investment which in turn benefits for several economic sectors such as agriculture, commerce and industry, resulting in a stronger economic growth and higher productivity levels.

Stock exchanges have multiple roles in the economy, this may include the following:

Whats a stock exchange?

A stock exchange, share market or bourse is a corporation or mutual organization which provides facilities for stock brokers and traders, to trade company stocks and other securities. Stock exchanges also provide facilities for the issue and redemption of securities, as well as, other financial instruments and capital events including the payment of income and dividends. The securities traded on a stock exchange include: shares issued by companies, unit trusts and other pooled investment products and bonds. To be able to trade a security on a certain stock exchange, it has to be listed there.