May 31, 2013 7:36 am
In an attempt to boost the economy and take it back to the favorable levels UK government is forced to make spending cuts. The unemployment of 7.8% has been a reason for more than 500 000 people to be going hungry as food becomes more expensive, jobless claims rise. Max Goldring, CEO of Oxfam, one […]
Read moreMay 31, 2013 7:00 am
Tesla Motors is working for tripling their supercharger stations by the end of the next month. That would give Teslas customers a possibility to use the electric sports car from LA to NY. Musk noted that current expansion of stations would give customers more freedom which is a basic goal in companys service. “Its very […]
Read moreMay 30, 2013 2:35 pm
The UK stocks reduced their gains after the report of US economy growing slower than expected in the first quarter. Rio Tinto Group, the metal and mining corporation and Glencore Xstrata Plc each advanced more than 1%. Lloyds Banking Group Plc and HSBC Holdings Plc both advanced by 1.62% and 1.31%, respectfully. John Wood Group […]
Read moreMay 30, 2013 1:33 pm
The index stock futures remained higher after government data showed the economy grew less than estimates and job claims also raising more than forecasts. Futures on S&P 500 added 0.4% to 1653.7 . GDP of US raised by 2.4% disappointing expectations of 2.5% increase. Job claims climbed by 14 000 comparing to previous period exceeding […]
Read moreMay 30, 2013 11:35 am
The UK Competition Commission said Ryanair Holdings PLC should reduce its 29.8% stake in the Irish airline company Air Lingus because it is a harm of competition as both companies operate same routes from UK to Ireland. Ryanair is a low cost airline company – a preferable choice for passengers traveling light, has taken advantage […]
Read moreMay 30, 2013 9:47 am
European stock market woke up from a three week low before US reports on Q1 GDP. Most European benchmark indexes were slightly or not changed at all. Most of investors consider US bond buying politics to reduce till the end of the year. “The market has been dominated by expectations of Fed tightening” said Daiwa […]
Read moreMay 30, 2013 9:07 am
The tech giant is going to put Apples iPhone to a test producing a innovative cell phone which is aware of its surroundings and smart enough to anticipate what the user is going to be needing it for. Motorola, a Google subsidiary is going to use a gadget called MotoX in order to drive down […]
Read moreMay 30, 2013 8:23 am
The French energy giant company agreed to pay $400 million acknowledging it payed huge bribes to secure drilling rights in Iran. The CEO is most likely going to face a criminal trial in France. Total accepted the allegations of the Department of Justice as “true and accurate” according to the agreement, but also said it […]
Read moreMay 30, 2013 7:34 am
On Wednesday US tech sector companies closed with a mix of gains and losses. There is still a large amount of uncertainty going on between investors and analysts about easing on government bond buying program. One serious indicator of whether economy is ready for a stimulus reduction is the Q1 GDP data which should be […]
Read moreMay 29, 2013 2:18 pm
The Tokyo-based Japanese bank Softbank Corp. was notified along with Sprint Nextel Corp. by the Committee of Foreign Investment in the US that both companies have been cleared to go ahead with the acquisition. The Japanese bank is supposed to seal a $20.1 billion takeover of Sprint as the bank competed with Dish Network Corp. […]
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