Vodafone’s “simplified” charge policy hits customers

July 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 […] Read more

US stock advanced before company earnings season starts

July 9, 2013 7:20 am
Main US stock indexes grew yesterday as investors are focusing at the second quarter earnings data and aid for Greece was approved. The S&P 500 rose 0.5% to 1,640.46 at 4 p.m. in New York, the highest in three weeks. The Dow Jones Industrial Average added 88.85 points, or 0.6% to 15,224.69. The Stoxx Europe […] Read more

Alcoa forecast growth of demand

July 9, 2013 6:47 am
Alcoa the largest US aluminium producer estimates demand growth of 7%. The high demand, driven by the aerospace and commercial transportation sectors, should combine with industry-wide production cuts to reduce the market saturation that has driven down aluminum prices by 13 percent this year. Alcoa on Monday confirmed its demand forecast, even as it posted […] Read more

Hyundai to raise ship prices

July 8, 2013 2:21 pm
Hyundai Heavy Industries Co., the world’s largest shipbuilder, intends to raise prices as demand for fuel-efficient vessels helps it offset the global crisis hurting Chinese yards. Company forecasts orders to exceed target of $11.3 billion. “The big focus right now is on fuel efficiency,” Ka Sam Hyun, executive vice president in charge of ship sales […] Read more

US stock futures gained as stimulus tapering seems closer

July 8, 2013 1:05 pm
US stock index futures advanced indicating the Standard & Poor’s 500 Index will gain for a third day as last week jobs data exceeded expectations and boosted speculations on Federal Bank that may taper stimulus as soon as September this year. Future contracts on the S&P 500 Index expiring in September climbed 0.55% to 1,636.2 […] Read more

Companies see Trans-Atlantic Trade pact as a rule bypass

July 8, 2013 12:10 pm
Some companies see trade talks between US and Europe as an opportunity to eliminate unfavorable rules which is a rare second chance to achieve on a global scale what theyve been unable to win from individual governments. That has safety and consumer advocates warning that hard-fought protections could be diluted or eliminated. “We don’t want […] Read more

Apple’s new iOS 7 – a challenge for app developers

July 8, 2013 11:08 am
The Apples App Store has become a industry of its own as more than $10 billion has been paid to developers for its 850,000 apps over the past five years. The platform has created multimillion-dollar businesses such as Rovio, maker of Angry Birds, Instagram, the photo-sharing app. For the tech giant, App Store business turned […] Read more

Smart electric scooter is the last chance for Daimler

July 8, 2013 8:28 am
After conceding failure in four seat electric cars and two seated models, Daimler AG is turning to a smaller and slower electric vehicles such as scooters. Next year, Smart brand would add to its lineup an electric-powered scooter, a prototype which reaches a top speed of 45 kilometers per hour. The scooter and a $3,716 […] Read more

Softbank’s credit rating cut to junk after Sprint’s acquisition

July 8, 2013 7:48 am
Standard & Poor has cut Japanese Softbank company rating to junk after the firm was successfully approved by Federal Communications Commission for its bid for Sprint worth more than $21 billion. A lower credit rating indicates a higher risk of default and would raise borrowing costs. The firms credit rating was cut to BB+ from […] Read more

US stocks jump as job data beats estimates

July 8, 2013 6:55 am
All main US stock indexes rose on Friday boosted by closely followed jobs data which beat forecasts. Standard & Poor’s 500 Index recorded its biggest rally in three weeks. The benchmark added 1%, the most since June 13, advancing 1.6% for the week. The Dow Jones Industrial Average gained  1%. “The jobs report is pretty strong. It’s a […] Read more