European stocks climb after dramatic drop

June 21, 2013
European stocks climb after dramatic drop

European stocks rose as the benchmark indexes Euro Stoxx 600 and Euro Stoxx 50 gained 0.38% and o.27%, respectively, rebounding from 1.5 year low. Federal Reserve said it may start reducing bond purchase program at the end of the year if the economy strengthens in line with forecasts. Standard & […]

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Samsung presents the stripped down version of S4

June 21, 2013
Samsung presents the stripped down version of S4

On Thursday, Samsung Electronics presented its new stripped down version of the flagship Galaxy S4 smartphone. The launching spree of new devices didn’t stop there but continued with showing two new tablet devices. The new products came as an answer to recent concerns that sales of the company’s top smartphone […]

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Euro-zone bailout fund to keep banks safe

June 21, 2013
Euro-zone bailout fund to keep banks safe

The finance ministers of the Euro-zone agreed to let a bailout fund pump cash directly into struggling banks. That would happen only if country’s governments share the risk by making capital investments in such banks. This strategy of direct recapitalizing banks through the 500 billion euro bailout fund is seen […]

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Sprint gains advantage on Clearwire acquisition bidding

June 21, 2013
Sprint gains advantage on Clearwire acquisition bidding

SprintNextel Corp., currently being Clearwire’s majority shareholder, has been competing with Dish Network Corp. over Clearwire since January as both companies see Clearwire as the help they need to boost their wireless services. Sprint Nextel Corp. raised its buyout offer for Clearwire Corp. to $5 per share yesterday. The decision […]

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Record low day for Dow Jones, S&P 500

June 21, 2013
Record low day for Dow Jones, S&P 500

The worst day of the year for main US benchmark indexes was recorded yesterday. One day after Fed’s Chairman Ben Bernanke confirmed investor’s surmise that government bond buying program is going to start reducing stimulus till the end of the year. The Dow Jones Industrial average lost 353 points, or […]

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EU regulators demand strict data protection from Google

June 20, 2013
EU regulators demand strict data protection from Google

A co-ordinated move by regulators of six European countries aims to threaten Google to pay several million euros if the company doesn’t address its data privacy issues within three months. “Time is running out for Google to get serious about data protection,” Viviane Reding, the EU’s top justice official in […]

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General Motors climbs on top of quality report

June 20, 2013
General Motors climbs on top of quality report

“It’s a thousand little things that are done just an inch better at a time that adds up to getting a product that’s right at the top of the list,” Mike Hardie, director of global quality strategy at GM, said yesterday in an interview for Bloomberg. General Motors saw themselves […]

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Predicting S&P 500 using the Chocolate indicator

June 20, 2013
Predicting S&P 500 using the Chocolate indicator

Hershey’s, the widely known chocolate manufacturer, is not only popular with its boxes of chocolate. Among investors the chocolate giant has other important uses. For example, some analyst believe that Hershey’s sales can tell you much about where the market would go next. The logic behind the candy-maker is explained […]

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UK banks should raise 13.7 billion pounds more for self-insurance

June 20, 2013
UK banks should raise 13.7 billion pounds more for self-insurance

Bank of England said in a statement today that five UK – based banks should raise 13.7 billion pounds more to offset the 27 billion pound gap in capital. In March 2013, Bank of England said lenders could face losses of about 50 billion pounds over the next three years, […]

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Microsoft drops game-play restrictions on its Xbox One platform

June 20, 2013
Microsoft drops game-play restrictions on its Xbox One platform

Microsoft Corp. has cut out the restrictions on sharing the Xbox One games. Furthermore the new console will not be requiring daily online authentication. The multinational software company said it would no longer require Xbox to connect to the Internet every 24 hours, nor would it restrict how its video […]

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