Tablets leading mobile tech market growth

June 25, 2013
Tablets leading mobile tech market growth

According to Gartner, the technology research company, tablet market would grow with more than 67.9% offsetting recent PC market stagnation. Smartphones would also slow their growth according to the research. Gartner noted that the shift from PCs to tablets is due to a growing acceptance of the bring your own […]

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US stocks extend their losses

June 25, 2013
US stocks extend their losses

US stocks are taking a hit at the start of the week as interest rates rise and gold is retreating. Many investors are looking for answers of two crucial questions – Is this a overreaction to the Fed’s statement of reducing stimulus program or is the economy showing signs of […]

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Rio Tinto abandons plans to sell its diamond business

June 24, 2013
Rio Tinto abandons plans to sell its diamond business

Rio Tinto the Anglo-Australian mining group, has recently stated it has abandoned plans to sell its precious gems business. Alan Davies, the head of Rio’s diamonds and minerals division, said today the company had considered a number of “strategic ownership options” for the division but decided the “best path to […]

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US stock futures decline despite hopes of rebound

June 24, 2013
US stock futures decline despite hopes of rebound

US stock futures declined signaling the benchmark indexes would expand their monthly loss in more than a year. Futures on the S&P 500 expiring in September plunged by 0.9% to 1,569.9 at 7:14 a.m. in London. The benchmark index sank 2.1 percent last week, the most since April, after the […]

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Vodafone signs a deal to acquire Kabel Deutschland

June 24, 2013
Vodafone signs a deal to acquire Kabel Deutschland

Vodafone Group Plc. signed a preliminary agreement to acquire the German Kabel Deutschland Holding AG after offering a higher price of its previous offer. The purchase of Kabel brings to Vodafone access to 8.5 million connected households and potential customers for phone, Internet and TV subscriptions packages. Vodafone said it […]

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US stocks expected to rebound this week

June 24, 2013
US stocks expected to rebound this week

Last week all three benchmark US indexes recorded daily records low since more than a year. Investors withdrawal from market was influenced by the statement of the Fed’s chairman Ben Bernanke who shared central bank’s intention to reduce stimulus till the end of this year. Although the statement was more […]

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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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