According to The GSM Association the no of mobile broadband users is expected to increase in the year of 2008 in the Latin America thus leading mobile broadband revenue towards a higher edge over the fixed broadband. According to a current survey, adoption of mobile broadband than that of fixed one will significantly increase in Read more
NEW YORK – Wall Street tumbled into a moderate gain after fluctuating up and down mirroring the oil prices and uncertainties regarding the financial sector of the economy. The mortgaging crisis continues to cause panic among investors. Fannie Mae and Freddie Mac shares lost 27 and 22 percent respectively. It is this sector that is Read more
According to the Columbus, Ohio-based company Limited Brands Inc., its profit dropped by more than half during the 2nd quarter. The company said that difficult retail environment was the basic factor behind drop in its profit. However, the results of the 2nd quarter beat the expectation of the company as it kept a tight hold Read more
During July a considerable surge was noticed in wholesale inflation that left the increasing prices at the fastest pace in almost thirty years. After that recent drop in oil and other commodity prices, there are hopes that inflation may be bridled, but some economists believe that it will take some more time to ease that Read more
There are one thousand one hundred and ninety nine ways to make an extra income. We can work part time and utilize various mediums to make some extra income. Many people develop ways to make extra income with a simple idea. The business idea is the most difficult part to decide the way of making Read more
On Tuesday, Saks Fifth Avenue chain reported huge loss for the 2Q. According to the report, Saks’ well off customers cut back on apparel in the course of a sluggish economy and it was basic factor behind that wider-than-expected loss. The operator of luxury goods retailer also predicted lackluster in activity during the rest of Read more
The Anglo-Australian firm BHP Billiton has shown its profits rise by 12.4% during the fiscal year ended in June. It’s a record annual profit from the mining giant that it announced for the seventh consecutive year on the back of swelling commodity prices. According to BHP predictions, the demand for commodities will be strong in Read more
The world’s biggest premium carmaker announced on Thursday that it would voluntarily recall more than 150,000 vehicles in North America because of a possible defect in the front passenger airbag seat sensor mat. According to a company spokesman, this voluntary recall is because of the front passenger airbag seat sensor mat defect in some 2004-2006 Read more
According to a government report, a considerable shrinkage was noted in Japan’s economy during the 2nd Q. The report suggests that weakening consumer demand and slow exports are leading the world’s second biggest economy to the brink of recession. During the April –June period, Japan’s gross domestic product (GDP) fell with an annual pace of Read more
The sufferings of the Italian economy kept increasing even in the second quarter and raised the prospect that it would be in recession soon. During the second quarter output shrank about 0.3% and according to some official figures, it was the weakest quarterly performance in previous five years. But officially, Italy is not yet in Read more
Anglo-African platinum miner Lonmin has strictly denied a £5bn ($10bn) invasion proposal from the biggest arch rival Xstrata. The £33-per-share cash proposal is at a 42% premium to Lonmin’s share price at the end of venture on 5 August. The news obtained Lonmin shares up 47% to £34.26 in London; however Xstrata’s shares declined in Read more
General Motors Corp announces that it will spend $900 million in the next few years to regulate its manufacturing capacity that include reducing output and closing plants. General Motors Corp. (GM) is considered the U.S. No.1 automaker. The company filed its quarterly report with the U.S. Securities and Exchange Commission and gave details about its Read more
An ex spy of the US secret agencies has been accused of being the gang leader in the nation’s largest and most intricate identity robbery case. The United States Department of Justice asserts that Albert ‘Segvev’ Gonzalez and 10 others scarf, and afterwards sold above than 40 million bank card numbers. They purportedly obtained the Read more