German and French Leaders have forgotten their turmoil for each other as they try to handle the Crisis situation in Greece. Both Chancellor Angela Merkel and President Nicolas Sarkozy called an emergency…
Category: Business
Yahoo and Alibaba Agree on Alipay
A dispute between Yahoo Inc. and Alibaba Group over the transfer of the latter’s Alipay, its online payment system, to CEO Jack Ma has been resolved. A source said that before the…
United Continental Reports Smaller Loss than Estimates
A loss that beats estimate of analysts was reported by United Continental Holdings Inc. This lesser loss was reportedly boosted by higher fares. It amounted to $136 million which does not include…
Wal-Mart to Acquire Retailers with Small Stores
According to executives of Wal-Mart Stores Inc., the company is likely to acquire retailers who own small stores, in an attempt to make a turnaround of their weakening business in the U.S. …
Nintendo 3DS To Bring a New Dimension to Hand-held Gaming
Nintendo is all set to release 3DS, latest version of its popular Nintendo DS/DSi video-game console series. Nintendo has also confirmed the 13 titles made especially for the 3DS console, that would…
Best Revenue Growth for IBM After Ten Years
When the market stood at a standstill or worse, dropped entirely during the recession, we are seeking big changes now as everyone’s picking themselves up from economic downturn and these changes are…
Holiday Spending Still Up as Christmas Draws Near
It is a season to be jolly indeed, especially for the clothing and furniture business – the very industries that Americans are spending on the most for this Holiday season. This is…
Chrysler and GM to Hire 1,000 Engineers and Researchers
Things are starting to look great for Chrysler and General Motors and for the country’s employment industry as two of the companies are announcing their move to hire 1,000 engineers and researchers….
China Taking Measures Against Hot Money
China is planning to release a series of policies concerning the movement of local currency inside and outside the country due to interest rate fluctuation – also commonly termed as hot money….
Alternative Algal Biofuel Industry Gets Support from the Government
Algal derived biofuel industry is showing great potential as it gets a boost from the government. This alternative fuel source is expected to replace the estimated 18 million barrels of crude oil…