December 2, 2013 10:26 am
Jeff Bezos, who is the founder of Amazon announced that the company is currently developing unmanned aerial drones that are planned to be used for customers delivery in five years. Bezos said: “I know this looks like science fiction. Its not.” The company is known as the worlds largest companies in the retail business, which […]
Read moreDecember 2, 2013 9:01 am
It seems that legal actions against the New Zealand dairy exporter Fonterra may be taken by Danone SA, which is one of the largest France-based food companies and primarily produces fresh milk products, biscuits, cereal products, medical nutrition products and baby foods. The litigation is over an infant formula, which is considered to contain a […]
Read moreDecember 2, 2013 7:34 am
Asian stocks hesitated between gains and losses as China’s manufacturing growth beat analyst estimates and retail sales in the US expected to turn the weakest holiday results since 2009. The MSCI Asia Pacific Index was little changed at 142 as of 2:02 p.m. in Hong Kong, having fluctuated between gains of 0.1% and losses of […]
Read moreDecember 1, 2013 1:40 pm
US stocks slightly dropped on Friday in a shortened session, while posting a gain for the whole week, lifting the S&P 500-stock index to its longest rally of weekly advances in almost a decade. The S&P 500 fell 0.1% to 1,805.81, reversing an earlier gain of as much as 0.4%. The benchmark rose 0.1% for […]
Read moreNovember 30, 2013 6:44 am
Wal-mart Stores Inc. and other large retailers such as Target, Sears, Macys reported strong Thanksgiving Day and Black Friday traffic in stores and online, which would most likely extend during the weekend, adding that shoppers were focused on “pricey” electronic products. Without providing further details retailers concluded that their decisions to open earlier on the […]
Read moreNovember 29, 2013 1:36 pm
One of the greatest deals for Orange SA is about to happen. The biggest telecommunication company in France announced that it has agreed to sell its Dominican Republic unit to Altice. The deal is estimated to 1,4 billion dollars and will be executed after the approval of the Dominican authorities. The use of the Orange […]
Read moreNovember 29, 2013 12:03 pm
One of the most famous multinational luxury jewellery and retailers – Tiffany & Co announced on Tuesday that its sales rose last quarter thanks to its Chinese jewellery customers. This is quite a promising sign, because it means that positive full-year profit forecast is still on the agenda. The companys global sales rose 7% in […]
Read moreNovember 29, 2013 9:44 am
Sony, which recently appointed Bain & Co to advise it on cost-cutting in its Sony Pictures unit, is relying in part on growing mobile sales to lead the company at the top of technology business once again. The Xperia smartphone maker expects handset shipments in the 2013 fiscal year to rise by more than a […]
Read moreNovember 29, 2013 8:57 am
We have been all waiting for the moment when television will become what we call “revolutionary”. Probably all gadget fans eagerly expect things such as screen personalization, voice recognition and great choice of TV programs, shows and other video services provided by various devices. These were obviously the plans of Apple, or at least this […]
Read moreNovember 29, 2013 7:55 am
European stocks climbed to their highest level since May 2008 as Germanys annual inflation rate rose diminishing chances the European Central Bank will loosen monetary policy. The Stoxx Europe 600 Index gained 0.4% to the highest close since May 2008, and yields on Spanish five-year notes rose to 2.66%. Most Brazilian stocks fell while Canadian […]
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