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 […]

Read more ›

Rolls-Royce admits breach in safety procedures for 2010 incident

June 27, 2013
Rolls-Royce admits breach in safety procedures for 2010 incident

Rolls-Royce concluded that its safety procedures were to blame following a report from Australia’s transport safety regulator that pointed to the British manufacturer for the 2010 in-flight explosion of one of its engines on a Qantas A380 aircraft. The Australian Transport Safety Bureau stated in its final report the cause for […]

Read more ›

Microsoft issues a more user-friendly Windows 8.1

June 27, 2013
Microsoft issues a more user-friendly Windows 8.1

Yesterday Microsoft released a preview of its updated version of company’s flagship operation system Windows 8. The changes in the new version aim to answer the critics of  the base version initially released 8 months earlier. At the conference in San Francisco which is supposed to last 3 days starting […]

Read more ›

US and EU stocks advance expanding their rally

June 27, 2013
US and EU stocks advance expanding their rally

US stocks surged for a second day as China’s bank shadowing worries eased. First quarter GDP report for US missed estimates which led investors to speculate about government reducing the bond-purchasing program. The S&P 500 increased 1% to 1,603.26 at 4 p.m. in New York. The index has added 1.9% […]

Read more ›

US stock futures continue its advance

June 26, 2013
US stock futures continue its advance

US stock futures kept on advancing today indicating S&P 500 index will raise for a second day as GDP data showed slower than forecast economy growth. The Q1 GDP report disappointed, advancing by only 1.8% comparing to the predicted 2.4%. S&P 500 index futures expiring September increased by 0.6% to […]

Read more ›

Barnes & Noble retreats from tablet war

June 26, 2013
Barnes & Noble retreats from tablet war

The book selling company said it retreats from heavy tablet war after spending hundreds of millions of dollars trying to catch up with Amazon and Apple in the market. Barnes & Noble stated their losses nearly doubled for the last period. Losses were reaching levels which hurt the company’s core […]

Read more ›

Sprint accepts Softbank sweetened offer

June 26, 2013
Sprint accepts Softbank sweetened offer

Companies are waiting for the approval of The Federal Communications Commission which is said to post its opinion shortly. The deal is supposed to be officially made at the first week of next month. Yesterday Sprint Nextel shareholders voted on the decision to approve $21.6 billion bid for a 78% […]

Read more ›

Yahoo’s CEO Marissa Mayer criticized by Walmart employees

June 26, 2013
Yahoo’s CEO Marissa Mayer criticized by Walmart employees

Walmart’s critics have stated their disagreement to Marissa Mayer, the Yahoo chief executive who is one of the retailer’s highest profile board member. The employees gathered at the internet group’s shareholders meeting to pose some crucial questions about the work of world’s biggest retailer’s board. One of the participants  at the […]

Read more ›

US stocks open higher on positive US data

June 25, 2013
US stocks open higher on positive US data

US stocks opened higher than expected as favorable data is signaling stable trend in US economy. Pullback in Treasury yields and a sharp intraday bounce in Chinese stocks was noted which helped gave investors confidence. Adding to that the durable goods data report was exceeding forecasts mainly because of aircraft […]

Read more ›

Microsoft and Oracle shake hands on cloud-computing

June 25, 2013
Microsoft and Oracle shake hands on cloud-computing

Microsoft Corp. is working on offering companies the ability to use Oracle’s database software, java programming tools and application connecting middle-wear. Customers demand is in the core of the alliance of the two rival companies. “It’s about time, and we’re really glad to have the chance to work in this […]

Read more ›