After years of hardship and dwindling prices the housing market and everything that comes along with it seems to be doing better. Polls show that this October home prices rose by 6.3% from the same month of 2011. This was the biggest growth since 2006 and a sign that things are on their way to […]
Hewlett-Packard (HPQ) shares fell over of about 12% to a 10-year low Tuesday after the company announced a shocking $8.8 billion write-down and dismal quarterly results. HP acquired London’s Autonomy for $11 billion in a bid to move deeper into software and services in 2011. HP now says it was duped, citing “serious accounting improprieties” […]
European banks have asked the European Commission to postpone the introduction of tougher global bank capital rules by a year to 2014 after U.S. regulators delayed application of the new requirements. The new rules, known as Basel III, are the world’s regulatory response to the 2007-09 financial crisis and would force banks to triple the […]
As the economy is fluctuating every now and then, two countries have been suffering from surging debt, a rapidly falling currency, a sclerotic political system, and a central bank pulling out all the stops to revive a stagnant economy – Japan or the United States. This week, the similarities between two of the world’s economic […]
Just two weeks after launching the flagship Windows 8, the executive most widely speculated to be the next chief executive of Microsoft Corp has left the world’s largest software maker as CEO Steve Ballmer moved to tighten his grip on the company. The exit of 23-year veteran Steven Sinofsky, head of Microsoft’s Windows unit, is […]
Finance ministers across the globe are set to meet in Tokyo to discuss on economic matters with a global perspective. These lawmakers are expected to have a heated debate on the issues that is pulling down the 3 major economies of the world, namely — US, China and Europe. There is a premonition that troubled […]
Lei Jun, the head of Xiaomi, one of the fastest-growing smartphone companies in China, gave full of praise – and a little hint of envy when asked about Steve Jobs. “When Steve was alive, he was the best,” Mr. Lei said during a recent interview. “Nobody could surpass him. Nothing could surpass the iPhone.” Apple […]
Everyone’s aware of the ongoing financial calamity at present. It not only includes a tough job market, but also rising tuition as far as education is concerned. Reports say that college seniors had graduated with nearly 27,000 dollars average debt in 2011. Almost two-thirds of the class of 2011 held student loans till graduation. The […]
Everybody hates taxes, and much of Wall Street has poured money into Mitt Romney campaign funds to avoid paying higher ones. And just when everyone seemed to have agreed on the idea, a shocking number of top money managers declare that they are eager to pay modestly higher rates. They reason that revenue-raising measures are […]
September was a booming month in America when retail sales rose as customers paced up purchases from cars to electronics, a sign that consumer spending is driving faster economic growth. Other U.S. data on Monday noted to an economy feeling the effects of cooling global growth, with New York state factory activity shrinking in October. […]
PayPal Withdrawing Support For Kindle Fire, BlackBerry And Windows Phone
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Halle Berry Enters The Social Media World
