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Business News on May 20, 2012


Mukherjee blames rupee depreciation on Eurozone crisis
Finance Minister Pranab Mukherjee on Sunday blamed the current depreciation in the value of the rupee to financial turmoil in the Eurozone. ANI

Institute of Cost Accountants celebrates Annual Day in Delhi
The Institute of Cost Accountants of India (ICAI) celebrated its Annual Day here over the weekend. ANI

Analyst slaps 'Sell' rating on Facebook shares, calling them 'implausibly priced'
An analyst working with a New York-based firm has that Facebook's shares were implausibly priced for "perfection" leading him to put a 'sell' rating on the stock. ANI

Google set for smart phone range following China's approval to acquire Motorola Mobility
Chinese authorities have finally approved Google's 12.5 billion dollar purchase of Motorola Mobility Holdings. ANI

Affinion Group Wins Another Award From the National Association of Advancing Business Organization
The National Association of Advancing Business Organization (naabo.org) is proud to announce that they have named the Affinion Group the winner of their outstanding business and excellent customer service award. The Stamford, Connecticut based Affinion Group is a worldwide leader in membership based benefits MarketWire

Deck Helmet Ratings: Introduces an Environmentally Friendly Method of Resurfacing Decks
Deck Helmet is a company that offers its deck finishing, restructuring and repairing services in the Washington, D.C., metro area. Their Deck Resurfacing system protects decks for 10 years, eliminating rotting or cracks. The company offers customizable options for every homeowner, reduces maintenance issues and promises safety for the whole family MarketWire

Press Release from RAK Petroleum PCL
DNO's largest shareholder RAK Petroleum PCL today issued a press release titled 'RAK Petroleum, DNO Initiative Shareholder Group Announce Support for an Additional Listing by DNO International'. The press release is attached to this notice. GlobeNewswire

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