Boeing Dreamliner safety raises concerns

July 15, 2013
Boeing Dreamliner safety raises concerns

Despite Boeing Dreamliner’s success in recent months, concerning sales and the presentation at the annual conference in Paris, the company’s flagship is experiencing safety issues. The fire on an Ethiopian Airlines’ Dreamliner at London’s Heathrow airport on Friday has triggered concerns about the safety of Boeing’s newest and most sophisticated […]

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Apple is hiring backup for iWatch project

July 15, 2013
Apple is hiring backup for iWatch project

Apple is hiring fresh faces to strengthen its expertise as facing some design problems. Experts say an eventual product launch would be possible at least in a year. The aggressive hiring for iWatch project in recent weeks shows Apple is experiencing engineering problems which they don’t seem to know how […]

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JP Morgan reports a dramatic raise in Q2 profits

July 12, 2013
JP Morgan reports a dramatic raise in Q2 profits

The largest US bank reported second-quarter profits jumped by 31% which beat estimates as we enter US earnings season. Second-quarter net income rose to $6.5 billion, or $1.60 a share, from $4.96 billion, or $1.21, in the same period last year, company said today in a statement. The average estimate […]

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Ford done with European capacity cuts

July 12, 2013
Ford done with European capacity cuts

Ford Motor Co. stated it doesn’t intend to make further cuts in its production capacity in Europe as the market begins to stabilize. “We’re at the point where we have no more capacity announcements to make,” Stephen Odell, Ford’s Europe chief, told reporters yesterday at the company’s headquarters in Dearborn, […]

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Nokia bets on Lumia 1020’s powerful camera

July 12, 2013
Nokia bets on Lumia 1020’s powerful camera

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 […]

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Microsoft shifts company focus, re-arranges management

July 12, 2013
Microsoft shifts company focus, re-arranges management

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 […]

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US stocks rise to record highs

July 12, 2013
US stocks rise to record highs

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% […]

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Apple and Cisco distribute record dividends

July 11, 2013
Apple and Cisco distribute record dividends

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 […]

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US stock index futures rose after Fed’s Chairman statement

July 11, 2013
US stock index futures rose after Fed’s Chairman statement

Future contracts on US stock indexes jumped after the support of Fed’s 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 […]

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Apple found guilty of ebook price-fixing conspiracy

July 11, 2013
Apple found guilty of ebook price-fixing conspiracy

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 […]

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