July 11, 2013 9:04 am
The government found the company guilty of conspiring to increase e-book prices as it launched its online bookstore in 2010. The Federal judge Denise Cote cited emails and telephone conversations between Apple, Amazon and publishing executives, as a proof that Apple acted as a leader in a price-fixing conspiracy as it launched its digital books […]
Read moreJuly 11, 2013 7:55 am
The personal computer market dropped globally as shipments decreased for fifth quarter in a row. This is a new record low for the whole history of the PC industry. Shipments of devices slided to 76 million units, a nearly 11% decline for the second quarter compared to last year, as consumers turned to budget tablets […]
Read moreJuly 11, 2013 7:20 am
Precious metals rose as dollar retreated after Federal Reserve Chairman Ben Bernanke supported the continuance of bond-purchasing program saying that economy isnt strong enough yet. The MSCI Asia Pacific Index gained 1.8% to 134.84 at 1:58 p.m. in Tokyo. Standard & Poor’s 500 Index futures added 1% after the gauge rose to within 1 percent […]
Read moreJuly 10, 2013 11:28 am
The disappointing opening of “Lone Ranger” movie last weekend could cost Walt Disney huge losses as the movie-makers production gathered only $49 million in five days. This is well under the forecasts of at least $60 million as production costs well exceeded that number. Disney is expected to record a loss between $100 – $180 […]
Read moreJuly 10, 2013 8:49 am
UBS won back the place of worlds largest private bank due to a raise in new client funds which surged last year. The inflow of fresh clients indicates a recovery in investors confidence in economy. The Bank of America came second, from previously leading the ranking. The Swiss bank edged out its U.S. competitor with […]
Read moreJuly 10, 2013 7:23 am
The CEO of BlackBerry Inc. Thorsten Heins told shareholders on Tuesday that the smartphone company is still in the early days of its “transformation” and blamed the stock’s recent fall on expectations from Wall Street that were too high. BlackBerry CEO explained in details what the next phase consists of. The three-stage plan to “transform” […]
Read moreJuly 10, 2013 6:46 am
US stocks advanced for a fourth day in a row as companies expect to post highly positive earnings which supports arguments the economy is strong enough to sustain itself after a possible stimulus tapering. The benchmark index gained 2.4% for four days as positive employment data. Investors would be provided with more data after todays […]
Read moreJuly 9, 2013 1:06 pm
US stock futures advanced suggesting a raise in S&P 500 which would be the longest streak of the index in more than a month. Investors stay optimistic of upcoming earnings season. Futures on the S&P 500 Index expiring in September rose 0.4% to 1,641.5 at 8:30 a.m. in New York. The S&P 500 has advanced […]
Read moreJuly 9, 2013 12:22 pm
The tool was launched January this year for only limited number of public. On Monday Facebook turned on Graph Search for all US site version users, expanding the test program to tens of millions users. The new tool allows people to easily find nearly anything indexed on Facebook, giving them another reason to share information […]
Read moreJuly 9, 2013 8:26 am
Vodafone angered its UK customers by implementing “simplified” call charge changes. The new company decision would raise prices up to 92% as the mobile operator announced it will charge by minute not by the second. This means that if a phone conversation lasts 62 seconds the customer is charged for 2 minutes. Pay-as-you-go customers were […]
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