June 27, 2013 12:40 pm
Paypal announced today that company is working on a product to make inter-planetary payments. In other words, a space traveler would be able to pay for things from space. No, that is not another marketing strategy or PR jibber-jabber. Company is serious about getting into space tourism business. According to the company with firms like […]
Read moreJune 27, 2013 11:26 am
Rolls-Royce concluded that its safety procedures were to blame following a report from Australia’s transport safety regulator that pointed to the British manufacturer for the 2010 in-flight explosion of one of its engines on a Qantas A380 aircraft. The Australian Transport Safety Bureau stated in its final report the cause for the explosion was an oil […]
Read moreJune 27, 2013 8:20 am
Yesterday Microsoft released a preview of its updated version of companys flagship operation system Windows 8. The changes in the new version aim to answer the critics of the base version initially released 8 months earlier. At the conference in San Francisco which is supposed to last 3 days starting Wednesday, Microsofts CEO said he […]
Read moreJune 27, 2013 6:45 am
US stocks surged for a second day as Chinas bank shadowing worries eased. First quarter GDP report for US missed estimates which led investors to speculate about government reducing the bond-purchasing program. The S&P 500 increased 1% to 1,603.26 at 4 p.m. in New York. The index has added 1.9% for the last two days, […]
Read moreJune 26, 2013 1:40 pm
US stock futures kept on advancing today indicating S&P 500 index will raise for a second day as GDP data showed slower than forecast economy growth. The Q1 GDP report disappointed, advancing by only 1.8% comparing to the predicted 2.4%. S&P 500 index futures expiring September increased by 0.6% to 1,590.60 at 9:07 a.m. in […]
Read moreJune 26, 2013 9:13 am
The book selling company said it retreats from heavy tablet war after spending hundreds of millions of dollars trying to catch up with Amazon and Apple in the market. Barnes & Noble stated their losses nearly doubled for the last period. Losses were reaching levels which hurt the companys core business of book selling. Not […]
Read moreJune 26, 2013 7:34 am
Companies are waiting for the approval of The Federal Communications Commission which is said to post its opinion shortly. The deal is supposed to be officially made at the first week of next month. Yesterday Sprint Nextel shareholders voted on the decision to approve $21.6 billion bid for a 78% stake of the company which […]
Read moreJune 26, 2013 6:53 am
Walmarts critics have stated their disagreement to Marissa Mayer, the Yahoo chief executive who is one of the retailers highest profile board member. The employees gathered at the internet group’s shareholders meeting to pose some crucial questions about the work of worlds biggest retailers board. One of the participants at the Yahoo meeting, a representative from […]
Read moreJune 25, 2013 2:36 pm
US stocks opened higher than expected as favorable data is signaling stable trend in US economy. Pullback in Treasury yields and a sharp intraday bounce in Chinese stocks was noted which helped gave investors confidence. Adding to that the durable goods data report was exceeding forecasts mainly because of aircraft and car industry. The better […]
Read moreJune 25, 2013 1:31 pm
Microsoft Corp. is working on offering companies the ability to use Oracles database software, java programming tools and application connecting middle-wear. Customers demand is in the core of the alliance of the two rival companies. “It’s about time, and we’re really glad to have the chance to work in this much newer and more constructive […]
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