June 28, 2013 9:44 am
This is part of companys plans to expand on the operation system software beyond smartphones and tablets. The internet giant is trying to answer the earlier statements by its rival Apple for upcoming innovations. The manufacturing initiative underlines Googles determination to build on the success of Android. The software it launched in 2008 that powered […]
Read moreJune 28, 2013 8:09 am
The company will post results on first quarter ending June 1, today before the market opens. The firm is still officially called Research In Motion at least until June 9 when investors should approve the new title. “BlackBerry’s results this Friday morning may have something for both longs and shorts as positive sell-in data offsets […]
Read moreJune 28, 2013 7:44 am
Nike is facing rising labor costs in its Asian factories which hurt companys profits. have raised to levels forcing company to take action. The multinational manufacturers are also battling a sustained rise in Chinese labor costs. The CFO of Nike Mr Don Blair said, cited by Financial Times: “I think the longer-term solution to addressing […]
Read moreJune 28, 2013 6:58 am
US stocks climbed yesterday triggering the biggest three days gain period since January, on better than estimates data and after the quarter 1 GDP report on Wednesday which led to speculation about Fed keeping the stimulus program for a little longer. Consumer spending in the U.S. rebounded in May offsetting the largest drop in more […]
Read moreJune 27, 2013 2:06 pm
Dish Network lost the fight for acquiring Clearwire just a week after the company withdrew from competing for the purchase of Sprint Nextel. This time Sprint itself was in a head to head battle with Dish network for the wireless broadband services firm. The decision seems rare for Charlie Ergen, Dish’s founder and chairman, and […]
Read moreJune 27, 2013 1:13 pm
US stock futures advanced as investors waited on reports for initial job claims and other data describing the economic picture . The future contracts indicated a third day of gains for the main US stock indexes – Standard & Poors 500 and Dow Jones Industrial Average. S&P 500 futures expiring in September advanced 0.5% to […]
Read moreJune 27, 2013 12:40 pm
Paypal announced today that company is working on a product to make inter-planetary payments. In other words, a space traveler would be able to pay for things from space. No, that is not another marketing strategy or PR jibber-jabber. Company is serious about getting into space tourism business. According to the company with firms like […]
Read moreJune 27, 2013 11:26 am
Rolls-Royce concluded that its safety procedures were to blame following a report from Australia’s transport safety regulator that pointed to the British manufacturer for the 2010 in-flight explosion of one of its engines on a Qantas A380 aircraft. The Australian Transport Safety Bureau stated in its final report the cause for the explosion was an oil […]
Read moreJune 27, 2013 8:20 am
Yesterday Microsoft released a preview of its updated version of companys flagship operation system Windows 8. The changes in the new version aim to answer the critics of the base version initially released 8 months earlier. At the conference in San Francisco which is supposed to last 3 days starting Wednesday, Microsofts CEO said he […]
Read moreJune 27, 2013 6:45 am
US stocks surged for a second day as Chinas bank shadowing worries eased. First quarter GDP report for US missed estimates which led investors to speculate about government reducing the bond-purchasing program. The S&P 500 increased 1% to 1,603.26 at 4 p.m. in New York. The index has added 1.9% for the last two days, […]
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