world financial market
JP Morgan posted a surprising $3.3 billion profits in the last quarter of 2009 compared to $702 million in 2008. Goldman Sachs also crossed the magical figure of $3.4 billion in the second quarter of 2009. Except the credit card business ‘All is Well’. In June 2009 JP Morgan paid back the entire bailout amount of $25 billion. Is this the sign of another super bull run which lead to the financial crisis or is it a sign of sustainable growth for a prosperous future? Whatever, it is time for the bankers, businessmen, employees and job seekers to rejoice and celebrate!
Rogues
Morphie, one of the leading third party app manufacturer would be launching a credit card reader application that would facilitate the user to process credit card transactions on the move. Morphie claims that the application would use the wireless connection of the iPhone to connect to the payment gateway. The launch is expected to be a part of the upcoming 2010 Consumer Electronics Show 