February 20, 2015 1:07 pm
Manufacturer of advanced lithium-ion batteries A123 Systems is suing Apple Inc claiming that the iPhone giant stole its leading engineers and researchers. A123 Systems, wholly owned by the Chinese car parts maker Wanxiang Group, launched a lawsuit against Apple earlier this week accusing the Cupertino, California-based company of poaching its employees in order to establish […]
Read moreFebruary 20, 2015 10:52 am
Googles online video streaming service will introduce a new application for children next week that will be compatible with smartphones and tablets. YouTube, which has over 1 billion users, will launch its new service on Monday in the U.S. and the application will be available for download through Googles Play Store. The software will work […]
Read moreFebruary 20, 2015 9:19 am
Lenovo Group Ltd had sold laptops with pre-installed software exposing its devices to hacker attacks and unauthorized monitoring. In September the largest personal computer manufacturer started distributing its devices with a software called SuperFish marketed as a free search tool. However, soon after the first devices were delivered, complaints started raining on Lenovo. Consumers accused […]
Read moreFebruary 20, 2015 8:56 am
Yesterday’s trade saw USD/CAD within the range of 1.2431-1.2548. The daily high has also been the highest level since February 12th, when a high of 1.2648 was recorded. The pair closed at 1.2496, up 0.33% on a daily basis and extending gains from Wednesday. At 8:53 GMT today USD/CAD was down 0.26% for the day […]
Read moreFebruary 20, 2015 8:44 am
Gold slipped on Friday, extending losses and heading for a fourth weekly decline, amid expectations of a last-moment agreement between Greece and its creditors. Comex gold for delivery in April lost 0.05% to $1 207.0 per troy ounce by 08:22 GMT, having shifted in a daily range of $1 209.6-$1 205.7 an ounce. The precious […]
Read moreFebruary 20, 2015 8:16 am
Yesterday’s trade saw EUR/USD within the range of 1.1354-1.1450. The pair closed at 1.1366, down 0.28% on a daily basis and extending losses from Wednesday. At 8:15 GMT today EUR/USD was down 0.37% for the day to trade at 1.1325. The pair broke the first key daily support level and touched a daily low at […]
Read moreFebruary 20, 2015 7:55 am
Yesterday’s trade saw GBP/USD within the range of 1.5401-1.5466. The pair closed at 1.5413, losing 0.14% on a daily basis. At 7:53 GMT today GBP/USD was up 0.12% for the day to trade at 1.5433. The pair touched a daily high at 1.5434 at 7:49 GMT. Fundamentals United Kingdom Annualized retail sales in the United […]
Read moreFebruary 20, 2015 7:29 am
Yesterday’s trade saw EUR/GBP within the range of 0.7355-0.7409. The pair closed at 0.7375, down 0.12% on a daily basis and extending losses from Wednesday. At 7:18 GMT today EUR/GBP was down 0.24% for the day to trade at 0.7357. The pair touched a daily low at 0.7354 at 7:16 GMT. Fundamentals Euro area Manufacturing […]
Read moreFebruary 19, 2015 4:13 pm
Wal-Mart Stores Inc announced on Thursday that it would increase the pay rate of its US staff above the minimum amid rebounding sales at home. The worlds biggest retailer said it would spend more than $1 billion on wage increases during this fiscal year. The company intents to start paying its employees at least $9.00 […]
Read moreFebruary 19, 2015 3:03 pm
Air France-KLM SA reported profit above expectations on Thursday but warned that it would reduce its investment plan by €300 million during the year ahead as the company battles weakness in Europe. The airline company stated net income of €316 million, or €1.07 a share, in the three months ended December compared to a loss […]
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