July 12, 2013 8:51 am
After the release of several updates on the 920 model of the Lumia smartphone phone series, Nokia has finally presented its new flagship device Lumia 1020. It has a 4.5-inch screen and a 1280 x 768 resolution, 2 gigabytes of RAM, and a dual-core Qualcomm Snapdragon S4 chipset. The only difference from previous version is […]
Read moreJuly 12, 2013 7:33 am
Microsoft re-organized management structure once again so it better aligns with new corporate strategy. CEO Steve Ballmer declared in October 2012 that Microsoft would transition to a “devices and services” company, focusing on making hardware, online services and apps that work together across multiple screens and gadgets. The company aims to break current division organization […]
Read moreJuly 12, 2013 6:57 am
U.S. stock indexes advanced, sending the Standard & Poor’s 500 Index above its record closing level, as Federal Reserve Chairman Ben S. Bernanke supported sustaining monetary stimulus. All 10 industries included in the S&P 500 gained, with technology and raw-material shares posting the biggest gains. The S&P benchmark added 1.3% to 1,675.02 which is an […]
Read moreJuly 11, 2013 1:16 pm
The technology sector led by Apple and Cisco are paying a record amount of dividends boosting cash returns to comfort investors confused by slowing growth. Technology companies in the Standard & Poor’s 500 Index distributed $10.8 billion in dividends in this quarter, doubling up from $5.1 billion in the same period in 2010. They paid […]
Read moreJuly 11, 2013 11:31 am
Future contracts on US stock indexes jumped after the support of Feds Chairman Bernanke to the stimulus program. The head of Federal Bank explained that recent improvement in jobs data is not sufficient argument to taper the $85 billion bond-purchasing program. The government is still awaiting more significant positive changes in economy. Futures on the […]
Read moreJuly 11, 2013 9:04 am
The government found the company guilty of conspiring to increase e-book prices as it launched its online bookstore in 2010. The Federal judge Denise Cote cited emails and telephone conversations between Apple, Amazon and publishing executives, as a proof that Apple acted as a leader in a price-fixing conspiracy as it launched its digital books […]
Read moreJuly 11, 2013 7:55 am
The personal computer market dropped globally as shipments decreased for fifth quarter in a row. This is a new record low for the whole history of the PC industry. Shipments of devices slided to 76 million units, a nearly 11% decline for the second quarter compared to last year, as consumers turned to budget tablets […]
Read moreJuly 11, 2013 7:20 am
Precious metals rose as dollar retreated after Federal Reserve Chairman Ben Bernanke supported the continuance of bond-purchasing program saying that economy isnt strong enough yet. The MSCI Asia Pacific Index gained 1.8% to 134.84 at 1:58 p.m. in Tokyo. Standard & Poor’s 500 Index futures added 1% after the gauge rose to within 1 percent […]
Read moreJuly 10, 2013 11:28 am
The disappointing opening of “Lone Ranger” movie last weekend could cost Walt Disney huge losses as the movie-makers production gathered only $49 million in five days. This is well under the forecasts of at least $60 million as production costs well exceeded that number. Disney is expected to record a loss between $100 – $180 […]
Read moreJuly 10, 2013 8:49 am
UBS won back the place of worlds largest private bank due to a raise in new client funds which surged last year. The inflow of fresh clients indicates a recovery in investors confidence in economy. The Bank of America came second, from previously leading the ranking. The Swiss bank edged out its U.S. competitor with […]
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