Investors agree: Apple is losing edge in innovation

May 17, 2013 2:37 pm
Companys shares slipped by 40% from last years high as investors are loosing confidence of Apple ability as a tech innovator. Following a poll by Bloomberg, 71% of respondents declare that company is falling behind. Of whom 28% suggest this is a permanent trend while 43% believe its a temporary fall and Apple surely will […] Read more

Europe’s car market takes a breather after 18 months of decline

May 17, 2013 12:21 pm
New car registrations increased by 1.8% recording first rise since September 2011 acording to ACEA (automotive industry association). That slight climb is believed to be triggered by UK increased demand. The interest in the industry could be explained by seasonal fluctuations related to Easter holiday. Many European markets offered two sales days in March which […] Read more

US stocks fell from all time highs as Fed might slow down stimulus

May 17, 2013 8:41 am
As the Fed is buying $85 billion of assets a month, it could implement a monetary policy for buying government securities, increasing money supply for the goal of making market more liquid. That strategy is called quantitative easing. Negative effect of the policy could be depreciation of currency or increased inflation. Stocks fell from their […] Read more

Google enters music streaming market

May 16, 2013 1:36 pm
Larry Page, CEO of Google, surprisingly appeared at the Googles developer conference where he accused a competitor ( most likely Microsoft Corp.) for trying to steal the spark of Googles shares. He was probably referring to the recent advertising Microsoft ran which poke fun at Googles alternative to Microsoft Office. Page answered the provocation saying […] Read more

Little change in US and EU stocks

May 16, 2013 12:32 pm
The DOW Jones Industrial average raised by 0.4% reaching a high sixth time in nine sessions.The S&P 500 added 0.51% increase also reaching a record high.The index has been constantly growing recording drops only on two sessions this month. Despite US economys struggle to get ahead indexes are presenting a good indication. The main suspects […] Read more

BlackBerry message system BBM expanding reach

May 16, 2013 10:57 am
The Research in motion Ltd. (BlackBerry) announced plans to push forward the new message system and make it available for Android operating system thus usable to Apple and Google. BBM has around 60 million active users. Entering in this deal BBM has to compete with other instant message products such as WhatsApp and Viber who […] Read more

Cisco beats estimates

May 16, 2013 8:43 am
Cisco Systems Inc., the largest computer networking manufacturer, reported 14.5% profit raise from last year. The boost in quarterly sales led to a similar boost in earnings per share. The world leading computer gear maker struggled in recent years because of low demand and severe competition.Thousand of jobs had to be cut in a attempt […] Read more

US industry indexes’ standstill

May 15, 2013 1:46 pm
US stock futures pointed slightly lower levels than predictions, following a negative manufacturing news. The PPI (Producer Price Index) stands almost on same level as predicted (-0.7%). But thats not the case with industrial production which comes down to -0.1% from previously predicted +0.5%.The capacity factor slightly dissapoints predictions falling to 77.8%. The most significant […] Read more

UK stocks breath holding before US industry data

May 15, 2013 10:58 am
The UK benchmark index FTSE 100 (UKX) commited the highest raise in more than 5 years. Easyjet Plc (EZJ) stated forecasts for improvement in profitability for the whole year and their stock advanced by 5.9%. Stock Exchange Group Plc beat analyst predictions and raised by 2.6 percent. There were some speculations on Washington to show […] Read more

Sony’s forecasts and the new PS4

May 15, 2013 8:06 am
After todays announcements of latest companys earnings Sony forecasts operating profit to stay steady till March 2014. Last year Sony reached its highest in 5 years due to the weakening yen which boosted sales. The weak currency made Sonys products more pricely competitive in consumer electronics business. Sonys operating profit this year reached $2.33 billion […] Read more