US government accuses Chinese Sinovel with “attempted corporate homicide”

June 28, 2013
US government accuses Chinese Sinovel with “attempted corporate homicide”

The US Department of Justice said Chinese wind turbine firm stole trade secrets from a American supplier which was qualified by the government as “attempted corporate homicide”. The company called Sinovel was accused of inciting one of the US-based AMSC employees to steal copyrighted source code from a computer in Wisconsin in […]

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HSBC adjusts its global growth forecasts

June 28, 2013
HSBC adjusts its global growth forecasts

HSBC Holdings Plc, the British multinational banking and financial services, downgraded its growth estimates on Friday, pointing  risks to emerging markets from the slowing economy of China and the recent news of scaling back Fed’s bond-purchasing program. “The Fed might be thinking of monetary tapering but, for us, the only tapering is of […]

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US stock futures slightly increase as economic data is on its way

June 28, 2013
US stock futures slightly increase as economic data is on its way

US stock futures traded slightly on the positive side as investors are waiting on important European, Canadian and US data to be issued today. The S&P is probably going to record its best first half of a year from 15 years. The Japanese economy is another reason for economist to […]

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Google to expand on Android range of devices: game console, wristwatch

June 28, 2013
Google to expand on Android range of devices: game console, wristwatch

This is part of company’s plans to expand on the operation system software beyond smartphones and tablets. The internet giant is trying to answer the earlier statements by its rival Apple for upcoming innovations. The manufacturing initiative underlines Google’s determination to build on the success of Android. The software it […]

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Blackberry to post quarterly results today

June 28, 2013
Blackberry to post quarterly results today

The company will post results on first quarter ending June 1, today before the market opens. The firm is still officially called Research In Motion at least until June 9 when investors should approve the new title. “BlackBerry’s results this Friday morning may have something for both longs and shorts […]

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Nike to cut jobs on growing labor costs in Asia

June 28, 2013
Nike to cut jobs on growing labor costs in Asia

Nike is facing rising labor costs in its Asian factories which hurt company’s profits. have raised to levels forcing company to take action. The multinational manufacturers are also battling a sustained rise in Chinese labor costs. The CFO of Nike Mr Don Blair said, cited by Financial Times: “I think […]

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US stocks rose on economic upbeat

June 28, 2013
US stocks rose on economic upbeat

US stocks climbed yesterday triggering the biggest three days  gain period since January, on better than estimates data and after the quarter 1 GDP report on Wednesday which led to speculation about Fed keeping the stimulus program for a little longer. Consumer spending in the U.S. rebounded in May offsetting […]

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Dish network conceded a defeat in the Clearwire auction

June 27, 2013
Dish network conceded a defeat in the Clearwire auction

Dish Network lost the fight for acquiring Clearwire just a week after the company withdrew from competing for the purchase of Sprint Nextel. This time Sprint itself was in a head to head battle with Dish network for the wireless broadband services firm. The decision seems rare for Charlie Ergen, […]

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US futures foreshadow a third consecutive day of gains

June 27, 2013
US futures foreshadow a third consecutive day of gains

US stock futures advanced as investors waited on reports for initial job claims and other data describing the economic picture . The future contracts indicated a third day of gains for the main US stock indexes – Standard & Poor’s 500 and Dow Jones Industrial Average. S&P 500 futures expiring […]

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Paypal Galactic prepares for space commerce

June 27, 2013
Paypal Galactic prepares for space commerce

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 […]

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