EU regulators demand strict data protection from Google

June 20, 2013 2:15 pm
A co-ordinated move by regulators of six European countries aims to threaten Google to pay several million euros if the company doesnt address its data privacy issues within three months. “Time is running out for Google to get serious about data protection,” Viviane Reding, the EU’s top justice official in charge of bolstering the bloc’s […] Read more

General Motors climbs on top of quality report

June 20, 2013 1:00 pm
“It’s a thousand little things that are done just an inch better at a time that adds up to getting a product that’s right at the top of the list,” Mike Hardie, director of global quality strategy at GM, said yesterday in an interview for Bloomberg. General Motors saw themselves reaching the top of quality […] Read more

Predicting S&P 500 using the Chocolate indicator

June 20, 2013 11:57 am
Hersheys, the widely known chocolate manufacturer, is not only popular with its boxes of chocolate. Among investors the chocolate giant has other important uses. For example, some analyst believe that Hersheys sales can tell you much about where the market would go next. The logic behind the candy-maker is explained by Brian Stutland of the […] Read more

UK banks should raise 13.7 billion pounds more for self-insurance

June 20, 2013 9:06 am
Bank of England said in a statement today that five UK – based banks should raise 13.7 billion pounds more to offset the 27 billion pound gap in capital. In March 2013, Bank of England said lenders could face losses of about 50 billion pounds over the next three years, relating to bad loans and […] Read more

Microsoft drops game-play restrictions on its Xbox One platform

June 20, 2013 7:40 am
Microsoft Corp. has cut out the restrictions on sharing the Xbox One games. Furthermore the new console will not be requiring daily online authentication. The multinational software company said it would no longer require Xbox to connect to the Internet every 24 hours, nor would it restrict how its video game discs are traded, resold […] Read more

US stocks plunged after Fed’s statements on stimulus

June 20, 2013 6:44 am
US stocks sharply declined yesterday right after the Feds Chairman Ben Bernanke appeared in a press conference. He pointed out the central bank may reduce bond purchases later this year if the economy strengthens. On the press conference Wednesday afternoon, Fed chairman Ben Bernanke explained: “Our purchases are tied to what happens in the economy,” […] Read more

Stocks to watch, the early movers

June 19, 2013 2:50 pm
FedEx, reported quarterly results at 7:30 EDT this morning. The company exceeded estimates with earnings posting $2.13 a share when forecast was for $1.96. The revenues were in line with expectations. The company says its still struggling with economic growth as it has experienced a shift away from its more expensive shipping options. However, company […] Read more

Major orders placed for Airbus and Boeing planes

June 19, 2013 12:47 pm
The Paris Airshow started today with major orders placed for the Airbus A380 and for Boeings 787 Dreamliner. Both companies were stating positive numbers as the demand of planes vastly increased after the show. Boeing attracted order for 30 of its 737 MAX 8 aircraft. The deal is worth $3 billion from leasing firm CIT […] Read more

Telecoms bet on merger-growth strategy

June 19, 2013 11:18 am
Globally, telecoms are aspiring mergers as a way to expand their presence on the market. That is often one of the usual ways utility-structured companies gain market share as their high level of capacity is being reached. Telecommunication firms are preparing for what is believed to be the largest telecom merger spree since year 2006. […] Read more

Zuckerberg trying to win Samsung on his side

June 19, 2013 9:03 am
Mark Zuckerberg, the founder and CEO of the worlds largest social network Facebook, traveled to South Korea to meet the co-CEO Shin Jong-kyun to discuss a potential partnership between the two companies. Jong-kyun “JK” Shin, is running Samsung Electronic’s all-important handset division. According to Bloomberg, Shin said to reporters that the two had talked about […] Read more