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Nokia offers $487 million to India’s Government for its factory transfer

December 10, 2013 11:47 am
Nokia Oyj is one of the largest international mobile communications companies. It operates a network of production facilities for mobile products and network infrastructure plus a network of sales and customer service, as well as research and software development facilities all over the world. The company officially announced that it is ready to invest about […] Read more

Texas Instruments Inc. expecting sales and profit in line with forecasts

December 10, 2013 9:17 am
Texas Instruments Inc. is known as the largest global analog and digital semiconductor IC design and manufacturing company. It also designs and manufactures semiconductor solutions for analog and digital embedded and application processing. The company is a manufacturer of chips, which are used literally in almost every digital device that may vary from space hardware […] Read more

EU commission probes online sales of Samsung and other companies

December 10, 2013 7:41 am
The European Union antitrust officials attacked companies such as Samsung Electronics Co., Royal Philips NV and Metro AGs Media-Saturn, because they suspected them in online-sales restrictions. These companies were believed to have “put in place restrictions on online sales of consumer-electronic products and small domestic appliances”, considering the fact that clauses such as these ones […] Read more

US stocks advance as S&P 500 rises to record levels

December 10, 2013 7:22 am
US stocks gained, pushing the Standard & Poor’s 500 Index to a fresh record, as investors focus on whether Fed would cut its monetary support amid budget negotiations in Washington. The S&P 500 climbed 0.2% to 1,808.37 at 4 p.m. in New York, surpassing its previous record of 1,807.23 set on November 27. The Dow […] Read more

The vote on Vodafone Wireless deal scheduled for next year by Verizon

December 9, 2013 2:25 pm
Verizon Communications Inc. is an integrated telecommunications company, which is famous for providing wire line voice and data services, as well as wireless services, Internet services, and published directory information. The Federal government, including its business phone lines, data services, telecommunications equipment and payphones is also provided by the network services of the company. The […] Read more

Adobe records volatile profit on the cloud market

December 9, 2013 1:15 pm
August 2011 was critical to Adobe Systems Inc., because this was the time when the top executives of the company discussed the “emerging threat” – the cloud. More and more customers were interested in an upstart competitors software, which was easily accessible on the Internet and which, on the other hand, had quite a negative […] Read more

The QBE share price goes down as they expect profits in 2014

December 9, 2013 9:54 am
QBE Insurance Group Ltd. is currently the largest insurer in Australia, unfortunately announced that it would record a loss this year after dropping by more than one-fifth of its shares value. The losses of the company are due to its problematic business in the U.S., as well as to higher provisions and writedowns. Some of […] Read more

Google starts price war by squeezing the Moto G’s margins

December 9, 2013 8:37 am
A new recent analysis has shown that Motorola, which is owned by Google Inc., is currently selling its new Moto G smartphone at a lower profit margins than its competitors ones. Most market specialists believe this will put a pressure on both Apple Inc. and Samsung Electonics Co., which are considered the leaders on the […] Read more

Europeans stocks add another week of declines amid positive US data

December 9, 2013 7:57 am
European stocks wrapped up a week of deepest drop since June as better-than-estimated U.S. economic reports caused speculation that the Federal Reserve will begin cutting stimulus measures sooner than forecast. The Stoxx Europe 600 Index fell 2.7% to 316.5 last week. The regional benchmark index has still surged 13% in 2013 as central banks pledged […] Read more

Nike and Adidas head to head in World Cup brand rally

December 8, 2013 10:36 am
The two giants in sport equipment, Nike and Adidas, are preparing themselves for an advertising war for the upcoming World Cup in Brazil next year. Nike currently owns 14.6% of the global sporting goods market to Adidas 11.4%, and is aiming at the German brands No. 1 position in Europe. Adidas held 13.2% of the […] Read more