Articles by: Ivaylo Mihaylov

Chrysler refuses to withdraw unsafe models

Chrysler refused to recall more than 2.7 million older model Jeeps causing a precedent which raises numerous questions. The National Highway Traffic Safety Administration states that the gas tanks of many Grand Cherokee and Liberty Jeeps are not on the safe side. The regulator insisted a withdrawal of all 2.7 million cars to take place. […] Read more

European stocks rise on positive data

European stocks gained today after a six week low as the investors waited on decision of the European Central Bank for its interest rate and financial stimulus policy. The Stoxx 600 index rose by 0.29% at 12:50 PM London time. UKs FTSE 100, Germanys DAX 30 and French CAC 40 all gained 0.17%, 0.32% and […] Read more

Samsung gets the upper-hand in a Trade Commission ruling

Tuesdays ruling in favor of Samsung would strengthen companys hopes of conquering more market share. The multinational conglomerate has been trying to differentiate itself from the image of an Apples product follower. “The business impact will be very limited,” says CW Chung, an analyst at Nomura Group for The Financial Times. The limitations ruled by the […] Read more

German car manufacturers to skip summer break

Daimler AG would stay away from summer break at its automobile plants. The company will keep assembly lines busy especially for the renovated Mercedes Benz E-class model. The company surged 14.06% this year, outrunning BMW and Volkswagen. Martin Steinlehner, a Mercedes official said “We’re planning for another year of record sales”. BMW is also keeping the […] Read more

Google to step up on its Android OS

Google is trying to give its customers the best possible software version of Android OS. Its interesting to notice that the two best Android smartphones are running on older versions of Googles operating system. Samsung S4 and HTC One will soon be available unlocked and directly from Google without their custom user interfaces, but containing […] Read more

US stocks fall on negative private-sector jobs data

Wednesday at the close of US stock market Dow Jones Industrial Average declined by 1.43%, The S&P 500 index fell by 1.38% and high-tech benchmark Nasdaq Composite lost 1.27%. The reason for the plunge is pointed to be data of private sector jobs report viewed as a sign of the official unemployment report which is […] Read more

US stock futures pointing at decline

US stock futures have declined clearly indicating a second day fall of S&P 500 index. The Standard & Poor 500 futures declined 0.5%. Dow Jones Industrial Average futures fell by 0.4%. “Its the Fed tapering talks which are really driving everything at the moment” James Hughes, senior market analyst at Alpari UK told Bloomberg in […] Read more

Facebook experiencing a mid-life crisis

Facebooks recent report by Pew Research showed declining enthusiasm among younger people who have kept the company strong even in weaker economic conditions. Having a $1.11 billion users, adding to that the vast amount of data on those users such as photos or personal preferences, profile identities Facebook could keep calm about near term future […] Read more

IBM bets on cloud computing

IBM and Salesforce have been acquiring cloud computing companies, signaling a big shift in strategy in technology sector as a whole. The purchases of the two technology giants amounts to $4.5 billion. IBM who is relying vastly on cloud computing in the core of its business, has paid $2 billion for SoftLayer – a private […] Read more

Amazon expanding on grocery stores

Amazon.com Inc. has been testing the concept of a online grocery store for years using its hometown Seattle as a starting point of a potentially growing business. One of the largest retail markets – groceries, has been a target of the online retailer for years. AmazonFresh is in a beta testing since 2007, and Amazon […] Read more