Wal-mart strategy: hiring temporary workers

June 13, 2013
Wal-mart strategy: hiring temporary workers

The multinational retail corporation’s sales have been under pressure recently following the uncertain economic condition of the country. Company is taking a new shift in hiring strategy, offering a large amount of temporary open positions to ensure it doesn’t get understaffed and to manage its cost. Reuters’ survey of 52 […]

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US stocks slid for a third consecutive day

June 13, 2013
US stocks slid for a third consecutive day

US stocks declined extending losses to a third day in a row due to overwhelming uncertainty for Fed’s decision about stimulus along with ambiguous US data. Dow Jones Industrial Average declined yesterday for a third consecutive day, first time since start of the year. The benchmark index has been on […]

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US stock index futures signaling two day loss recovery

June 12, 2013
US stock index futures signaling two day loss recovery

US stock index futures rose suggesting a recovery in S&P 500 index, as investors analysed the effect of rising bond yields on equities. Standard & Poor’s 500 index which expires this month gained 0.5%. The index has been on a two day loss row. Dow Jones Industrial also rose by […]

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Ferrari turns to even greater exclusivity

June 12, 2013
Ferrari turns to even greater exclusivity

Most companies in car manufacturing business are “screaming” for more sales which basically assures more market capitalization, and last but not least greater revenues for the firm. That is not the case with Ferrari, as it seems the luxury brand is ready to lose some of its sale numbers in […]

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Vodafone shows interest in Kabel Deutschland

June 12, 2013
Vodafone shows interest in Kabel Deutschland

Vodafone Group Plc has made an informal acquisition offer to Germany’s largest cable company – Kabel Deutschland Holding AG according to Bloomberg report citing people familiar with the matter. The telecom company competes with Jihn Malone’s Liberty Global Inc. which also declared interest. Vodafone sees opportunity to grab 8.5 million […]

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Nokia cuts Symbian smartphones shipment

June 12, 2013
Nokia cuts Symbian smartphones shipment

Nokia is supposed to finally stop shipment of smartphones using Symbian OS. The company is betting its future solely on Microsoft Windows platform. The Symbian OS which was the world’s leading operation system and looked untouchable few years ago, now would be stopped from usage. The Finnish firm was loosing […]

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Facebook investors show disapproval

June 12, 2013
Facebook investors show disapproval

Facebook faced shareholders’ disapproval over the company’s stock condition at the first annual general meeting yesterday. Mark Zuckerberg, the CEO of the social networking site tried to calm the concerns of the shareholders but was pressed for answers why the company’s stock price is down 40% till it first when […]

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US stocks decline after BOJ denies stimulus raise

June 12, 2013
US stocks decline after BOJ denies stimulus raise

US stocks declined after Bank of Japan Governor said he sees no point in raising stimulus for now. The S&P 500 fell 1% similar to its futures before US stock market opened yesterday. The Dow Jones Industrial Average dipped 0.8% . Fed’s President of Saint Louis, James Bullard made an […]

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European stocks declined, US stock futures followed

June 11, 2013
European stocks declined, US stock futures followed

European stocks fell to a two month lowest today on news that Bank of Japan denied expansion of stimulus. US futures also plunged signaling a drop in S&P 500 for a second day. The Stoxx Europe 600 retreated 1.6%, the lowest since April. FTSE 100 fell by 1.62% at 13:14 […]

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Apple steps up with new products and services

June 11, 2013
Apple steps up with new products and services

Apple unveiled couple of new products and services at the Worldwide Developers Conference yesterday. The company is said to be struggling with innovation ideas recently, as the new iPhone version was a sale disappointment for the tech giant. This time company seeks to recapture its authority and persuade its potential […]

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