Tech companies switch to mobile computer devices

June 4, 2013
Tech companies switch to mobile computer devices

Acer Inc. surprised no one presenting the new 8″ tablet computer along with notebooks with touch screen feature running Microsoft’s Windows 8 operating system. The company’s Iconia W3 tablet was accidentally leaked on the manufacturer’s website last month. Acer’s CEO Jim Wong said to the crowd at the fair that […]

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Stocks move higher, stimulus not reducible at them moment

June 4, 2013
Stocks move higher, stimulus not reducible at them moment

Stocks moved higher yesterday as the report on manufacturing data proved to be weaker than expected. Despite being a negative sign for the economy as a whole, investors see stability in the sense of government not reducing the stimulus bond-buying program. The President of Federal Reserve Bank of Atlanta said […]

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Seven Eleven state expansion plans

June 3, 2013
Seven Eleven state expansion plans

Seven & I Holdings Co., the world’s biggest convenience store operator is declaring appetite for more acquisitions in the US. The store chain is supposed to double its number of stores. The retailer may take its store count to 20 000 or 30 000 in the North American markets, the […]

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Apple accused of e-book price fixing

June 3, 2013
Apple accused of e-book price fixing

Apple is going to trial today to face government allegations that company took part into a conspiracy with book publishers resulting in pricier e-books for the consumer. The trial which puts iPad manufacturer against the US Justice Department is said to be a test of interaction policies between retailers and […]

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US stock futures rise after Friday’s stock fall

June 3, 2013
US stock futures rise after Friday’s stock fall

US stock futures forecast a higher open today despite Chinese data showing uncertainty over the growth of the country’s economy. Before market open Dow Jones Industrial Average futures pointed to a 0.48% raise, S&P 500 futures suggested 0.40% increase and NASDAQ futures show 0.32% climb. Earlier today market sentiment improved […]

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Auto sales to be reported today

June 3, 2013
Auto sales to be reported today

US auto sales forecasts for the month of May are to be released today. The numbers are estimated to rise by 6.5% to a seasonally adjusted annual rate of 15 million vehicles according to Edmunds.com, a site for auto sector information. The US automobile industry is not only expected to […]

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Everyone vs Apple: competitors press on the tech giant

June 3, 2013
Everyone vs Apple: competitors press on the tech giant

Apple has been on the top of the corporate headlines for the most part of last month. The company was accused for its tax evading policy using Irish subsidiaries and saving billion of dollars. The discussion of weather or not Apple was the one to blame, did no more than […]

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US stocks finish weak a strong May

June 3, 2013
US stocks finish weak a strong May

US stocks recorded a serious drop on the last day of the month. The benchmark indexes recorded a significant drop, however not strong enough to change the positive outlook for the month. Among all 10 industries included in S&P 500, only technology and financial sectors recorded climbs while the rest […]

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Goldman Sachs recent deals and failures

May 31, 2013
Goldman Sachs recent deals and failures

Goldman Sachs has missed two of the biggest acquisitions of the year. The bank didn’t take part in the $23 billion merger of Heinz Co. by Brazilian investment firm 3G capital  and Warren Buffett’s Berkshire Hathaway Inc. announced in February. The company also worked with private-equity firms in an attempt […]

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Dell shareholders to face takeover offer

May 31, 2013
Dell shareholders to face takeover offer

The board at Dell said that a takeover offer would be acting in best interest of company’s shareholders. Dell’s founder and CEO Michael Dell has offered $13.65 per share to take the company private, according to filings with the Securities and Exchange Commission on Friday. The offer has been facing […]

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