November 18, 2013 1:47 pm
Apple is believed to be in a process of acquiring PrimeSense, an Israeli semiconductor company, for $345 million according to the Israeli newspaper Calcalist. It claims Apple has finalized the acquisition, with plans for an announcement within the next two weeks. Primesense worked with Microsoft to include its technology, chips, and designs inside the first […]
Read moreNovember 18, 2013 12:43 pm
US stock-index futures rose, signaling indexes would expand record heights after posting six weeks of gains, as investors focus on this weeks data on manufacturing, retail sales and consumer prices to assess the strength of the economy. Futures on the Standard & Poor’s 500 expiring in December gained 0.2% to 1,796.8 at 12:22 p.m. in […]
Read moreNovember 18, 2013 9:28 am
Boeing Co. and Airbus SAS executives took part in the Dubai Air Show for business along with the three largest Middle East airlines on the first day. The two aircraft giants succeeded in breaking records in the process. Boeing secured $101.5 billion in transactions for its biggest-ever deal by value, while Airbus pulled in its […]
Read moreNovember 18, 2013 7:58 am
Sony is getting a head start in the console “war” for the attention of game players with Microsoft, which is releasing the Xbox One later this week. The Tokyo-based electronics maker has priced its console at $399, or $100 less than the Microsoft machine, as it seeks to penetrate North American markets in the Christmas shopping […]
Read moreNovember 17, 2013 2:15 pm
Google and Hewlett-Packard are halting sales of their recently released Chromebook 11 computer after several users reports saying the device’s charger has been overheating. The precautionary measure announced this week comes 5 weeks after Google and Hewlett-Packard unveiled the Chromebook 11 as a budget-friendly alternative to laptop computers with similar features. The Chromebook has a […]
Read moreNovember 16, 2013 6:47 pm
US stocks advanced on Friday, as benchmark indexes extended its records, wrapping up sixth week of gains, as investors assessed data on factory output along with Yellens comments on the Feds monthly stimulus. The Standard & Poor’s 500 Index rose 0.4% to 1,798.18 at 4 p.m. in New York. The benchmark index added 1.6% in […]
Read moreNovember 15, 2013 2:14 pm
BMW (Bayerische Motoren Werke AG) will use the carbon fiber material for the passenger frame of the i3 electric car, which goes on sale at dealers in Germany tomorrow and will soon be available worldwide. “Looking forward to 2020, we saw threats to our business model,” Chief Financial Officer Friedrich Eichiner, who was head of […]
Read moreNovember 15, 2013 12:58 pm
Buffetts Berkshire Hathaway revealed on Thursday that on September 30, it grabbed a stake of roughly 40 million ExxonMobil shares. That stake would be worth $3.74 billion at Thursdays closing price. The purchase, disclosed in a regulatory filing yesterday, was partially funded by the sale of $500 million of Berkshire’s shares in Exxon’s rival, ConocoPhillips. […]
Read moreNovember 15, 2013 12:00 pm
US stock index futures advanced, signaling benchmark indexes will extend their run into record territory after Yellen comments toward continuing Fed stimulus policy. Investors focus their attention on recent economic data trying to asses whether Fed will cut back its bond-purchasing program sooner than March 2014. Futures on the Standard & Poor’s 500 Index expiring […]
Read moreNovember 15, 2013 9:41 am
Samsung sold almost three times as many smartphones as rival Apple in the third quarter, according to Gartner research firm, reflecting the South Korean tech giants growing dominance in the increasingly competitive industry. Worldwide, the Korean-based company sold 80,357 smartphones to users, during the three month period from July to September, compared with just 30,330 […]
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