BGN Entrepreneur

Borders was sent into liquidation this week. On Thursday, signs blaring “Everything must go!” and “Nothing held back” were put up at a store on the southwest corner of New York’s Central Park. This confirmed that while that US retailing sector was starting a new chapter, the loss-making book chain–Borders had entered the final one.
It is a painful irony for Borders that, with all the comfy corners in store and a great team of knowledgeable staff, it scored high on the experience scale. However, the forces massed against the company were too much. The extinction of the book chain was greeted with sadness partly because it has been playing the role a home-away-from-home.

With Scottish and Southern Energy becaming the third utility in quick succession to announce a big customer bills increase, householders were not the only party that were alarmed.
The rise also sent the shivers through the business sector of retailing. When households are forced to pay more for the goods they absolutely cannot go without, there is much less left over for the things they simply like.
This will change the way British people live and shop. It will be more akin to life in an economic recession than a recovery. Collectively the country is buying fewer clothes, splashing less cash on big ticket items like furniture, and getting fewer items from supermarket.

According to the analysts, it is revealed that after Scottish and Southern Energy became the third utility in quick succession to announce a big increase in customer bills, higher energy costs are likely to become one of the most sensitive issues in British politics.
SSE’s decision to increase gas and electricity charges by 18% and 11% respectively will leave a typical dual-fuel customer paying of £1265 a year. The company acknowledged that this burden, which amount to more than 6% of the UK’s median post-tax salary, will cause additional hardship.

Driven by its Office software suite while Windows revenues declined in a sluggish PC market, Microsoft rang up record fourth-quarter revenues. The company also reported a growth of 30% in its entertainment and devices division, due to strong sales of its Xbox 360 console, Kinect motion controller and Xbox Live subscriptions.
Total revenues for its June quarter were $17.37bn, which is up by 8% year-on-year. This was ahead of Wall Street analyst expectations of $17.25bn. Microsoft’s profits of $5.87bn, or 69 cents a share, were up by more than 30%.

Driving across the Europ is among the best way to enjoy the beauty of the area. However, there are a lot of things you need to take into consideration when you are thinking about go for a road trip in a strange place. For example, when you are driving on the road in a foreign country, the most terrible nightmare will be facing a breakdown in the middle of nowhere. And the even worse thing is having no one to turn to for help in such situation.
In order to avoid such chaos, you need to buy a reliable breakdown insurance in advance. A good car breakdown insurance can help car owners recoup their major expenses. These days, there are a lot of travel related websites providing peoplw with a whole rang of advice to help people visit Europe and spend less than they originally think possible. Besides, people could also find a lot of information about the right travel insurance.
Are you planning for a trip to the European country? Are you looking to drive a car through your entire trip? Browse online to learn about the available options of car insurance in the field. Get your road trip within Europ well covered with the most reliable european car breakdown cover.

Regulators are pushing BT to make a big cut in its flagship wholesale broadband product price, in order to lead to cheaper Internet access for consumers living in the countryside.
According to the telecoms watchdog–Ofcom, it is confirmed that BT must make a significant cut over the next three years in the price of its wholesale product that is adopted by its competitors to provide broadband services to consumers and businesses in the rural area.
However, BT’s shares were up 0.8p at 193.8p in the morning trading as Ofcom’s statement was a little bit more favourable to the the leading fixed-line phone company in the UK than expected.

Apple and Goldman Sachs both issued their quarterly zerohedge map today.
It is revealed that with iPhone and iPad sales contributed to a record high, Apple’s strong earnings once again exceeded analysts’ expectations. Revenue of the company rose by 82% to $ 28.57 billion and its net income nearly doubled. Currently, Apple has got $76 billion in cash in the bank.
On the other hand, facing the increasingly stringent regulation in the financial, economic conditions, Goldman Sachs is working to improve its profitability back to pre-crisis levels. However, with a profit of $ 1.05 billion, the total market capitalization of company only worth $65 billion. The disappointing results reflect some of Goldman Sachs to reduce trading activity to reduce the risk of paying a high price.
It means that Apple can definitely bought Goldman Sachs with cash, and bought the linkedin and twitter with rest of money in its cash account.