July 15, 2013 9:06 am
Marissa Mayer, the recently appointed Yahoos CEO still faces a challenge in convincing Wall Street that Yahoo, which has struggled to grow meaningfully traffic or ad revenues for years, has a potential for something more. Yahoos shares have gained more than 70% in the 12 months since Marissa Mayer was appointed as its chief executive. […]
Read moreJuly 15, 2013 7:33 am
Despite Boeing Dreamliners success in recent months, concerning sales and the presentation at the annual conference in Paris, the companys flagship is experiencing safety issues. The fire on an Ethiopian Airlines’ Dreamliner at London’s Heathrow airport on Friday has triggered concerns about the safety of Boeing’s newest and most sophisticated passenger jet, even though no […]
Read moreJuly 15, 2013 6:55 am
Apple is hiring fresh faces to strengthen its expertise as facing some design problems. Experts say an eventual product launch would be possible at least in a year. The aggressive hiring for iWatch project in recent weeks shows Apple is experiencing engineering problems which they dont seem to know how to solve. Apple’s iWatch recruitment […]
Read moreJuly 12, 2013 1:33 pm
The largest US bank reported second-quarter profits jumped by 31% which beat estimates as we enter US earnings season. Second-quarter net income rose to $6.5 billion, or $1.60 a share, from $4.96 billion, or $1.21, in the same period last year, company said today in a statement. The average estimate of 30 analysts surveyed by […]
Read moreJuly 12, 2013 12:34 pm
Ford Motor Co. stated it doesnt intend to make further cuts in its production capacity in Europe as the market begins to stabilize. “We’re at the point where we have no more capacity announcements to make,” Stephen Odell, Ford’s Europe chief, told reporters yesterday at the company’s headquarters in Dearborn, Michigan. “Weve always said, though, […]
Read moreJuly 12, 2013 8:51 am
After the release of several updates on the 920 model of the Lumia smartphone phone series, Nokia has finally presented its new flagship device Lumia 1020. It has a 4.5-inch screen and a 1280 x 768 resolution, 2 gigabytes of RAM, and a dual-core Qualcomm Snapdragon S4 chipset. The only difference from previous version is […]
Read moreJuly 12, 2013 7:33 am
Microsoft re-organized management structure once again so it better aligns with new corporate strategy. CEO Steve Ballmer declared in October 2012 that Microsoft would transition to a “devices and services” company, focusing on making hardware, online services and apps that work together across multiple screens and gadgets. The company aims to break current division organization […]
Read moreJuly 12, 2013 6:57 am
U.S. stock indexes advanced, sending the Standard & Poor’s 500 Index above its record closing level, as Federal Reserve Chairman Ben S. Bernanke supported sustaining monetary stimulus. All 10 industries included in the S&P 500 gained, with technology and raw-material shares posting the biggest gains. The S&P benchmark added 1.3% to 1,675.02 which is an […]
Read moreJuly 11, 2013 1:16 pm
The technology sector led by Apple and Cisco are paying a record amount of dividends boosting cash returns to comfort investors confused by slowing growth. Technology companies in the Standard & Poor’s 500 Index distributed $10.8 billion in dividends in this quarter, doubling up from $5.1 billion in the same period in 2010. They paid […]
Read moreJuly 11, 2013 11:31 am
Future contracts on US stock indexes jumped after the support of Feds Chairman Bernanke to the stimulus program. The head of Federal Bank explained that recent improvement in jobs data is not sufficient argument to taper the $85 billion bond-purchasing program. The government is still awaiting more significant positive changes in economy. Futures on the […]
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