Google enters music streaming market

May 16, 2013
Google enters music streaming market

Larry Page, CEO of Google, surprisingly appeared at the Google’s developer conference where he accused a competitor ( most likely Microsoft Corp.) for trying to steal the spark of Google’s shares. He was probably referring to the recent advertising Microsoft ran which poke fun at Google’s alternative to Microsoft Office. […]

Read more ›

Little change in US and EU stocks

May 16, 2013
Little change in US and EU stocks

The DOW Jones Industrial average raised by 0.4% reaching a high sixth time in nine sessions.The S&P 500 added 0.51% increase also reaching a record high.The index has been constantly growing recording drops only on two sessions this month. Despite US economy’s struggle to get ahead indexes are presenting a […]

Read more ›

BlackBerry message system BBM expanding reach

May 16, 2013
BlackBerry message system BBM expanding reach

The Research in motion Ltd. (BlackBerry) announced plans to push forward the new message system and make it available for Android operating system thus usable to Apple and Google. BBM has around 60 million active users. Entering in this deal BBM has to compete with other instant message products such […]

Read more ›

Cisco beats estimates

May 16, 2013
Cisco beats estimates

Cisco Systems Inc., the largest computer networking manufacturer, reported 14.5% profit raise from last year. The boost in quarterly sales led to a similar boost in earnings per share. The world leading computer gear maker struggled in recent years because of low demand and severe competition.Thousand of jobs had to […]

Read more ›

US industry indexes’ standstill

May 15, 2013
US industry indexes’ standstill

US stock futures pointed slightly lower levels than predictions, following a negative manufacturing news. The PPI (Producer Price Index) stands almost on same level as predicted (-0.7%). But that’s not the case with industrial production which comes down to -0.1% from previously predicted +0.5%.The capacity factor slightly dissapoints predictions falling […]

Read more ›

UK stocks breath holding before US industry data

May 15, 2013
UK stocks breath holding before US industry data

The UK benchmark index FTSE 100 (UKX) commited the highest raise in more than 5 years. Easyjet Plc (EZJ) stated forecasts for improvement in profitability for the whole year and their stock advanced by 5.9%. Stock Exchange Group Plc beat analyst predictions and raised by 2.6 percent. There were some […]

Read more ›

Sony’s forecasts and the new PS4

May 15, 2013
Sony’s forecasts and the new PS4

After today’s announcements of latest company’s earnings Sony forecasts operating profit to stay steady till March 2014. Last year Sony reached its highest in 5 years due to the weakening yen which boosted sales. The weak currency made Sony’s products more pricely competitive in consumer electronics business. Sony’s operating profit […]

Read more ›

David Tepper called US banks a “good” sector

May 14, 2013
David Tepper called US banks a “good” sector

The hedge fund-manager David Tepper boosted US small business confidence as commenting on S&P 500 eight record over past nine sessions. Bank of America and Citigroup inc. rose by 1.3%, S&P 500 did a 0.4% jump and Dow Jones Industrial Average grew by 0.3%. According to JP Morgan’s global market […]

Read more ›

Boeing and Airbus in competition for Paris Air Show 2013

May 14, 2013
Boeing and Airbus in competition for Paris Air Show 2013

Paris Air Show is the world premier and largest air event in aviation and space industry. The most anticipated event for Boeing and Airbus who will present their vehicles in a fierce competition. Both companies switch roles in previous years as in 2011 the European manufacture led with $44 billion […]

Read more ›

Lehman accuse non-profit organisations for company’s bankruptcy in 2008

May 14, 2013
Lehman accuse non-profit organisations for company’s bankruptcy in 2008

Lehman brothers, the ex-global financial service firm stated their view of what caused the financial crisis in 2008. Lehman set off the so called avalanche of bankruptcy in US, bringing a crisis on a worldwide scale. Lehman now says it was misled by scores of nonprofit organizations. Just before the […]

Read more ›