Twitter has just announced that it made its first Indian acquisition: Twitter buys ZipDial, a Bangalore start-up company and by doing so it is going to reach millions of people in one of the world’s fastest growing mobile phone markets. Twitter buys ZipDial, a mobile marketing company from Bangalore, for an estimated $30-$40 million. The company uses callback workarounds and SMS to help people … [Read more...]
S&P 500 Misses 2000 Milestone by 12 Points on Friday
The Standard & Poor's 500 index was extremely close to making history with a 2000 milestone for the past week. During last week, the S&P 500 flirted with the magic number for a while, but it fell short of 12 points at the end of the week. Investors have not lost faith, and they continue to wait with patience for the history-making event next week. According to historians, reaching a … [Read more...]
Over 1000 Businesses in the US Affected by Backoff Cyber Attack
Roughly 1000 businesses in the US were badly affected by a cyber attack. This attack crippled many in-house cash register systems of retailers such as UPS, Supervalu and Target. According to a new advisory released by the Department of Homeland Security the attacks are more serious than previously predicted. As a matter of fact, the hackers are now stealing the data they have amassed from credit … [Read more...]
Apple Shares Close Above 100$ on Tuesday
Tuesday's Apple shares closed above 100$. This beats the company's last record high, which was almost two years ago. Investors are eagerly expecting the launch of Apple's new products, including the wearable watch and iPhone 6 models. The company touched 100.68$ in mid-afternoon trading, but it closed at 100.53$. The previous record high, from June's seven-for-one stock split in September 2012 … [Read more...]
The 100-Year-Old Panama Canal is Getting a Lot Bigger
The Panama Canal celebrates one hundred years today. It may have been used for a century by millions of ships, but its great steel gates of the Miraflores locks still swing open with great precision. They continue to offer safe passage for ships the size of the Titanic. The Panama Canal project, engineered in the days of Teddy Roosevelt, was so incredibly well done and balanced that its 672-ton … [Read more...]
Amazon Blocks Disney DVD Pre-Orders due to Hachette Conflict
Amazon, the world’s largest online retailer, has blocked the pre-order option for Walt Disney’s “Captain America: The Winter Soldier” as well as other titles in disk form. It is repeating a tactic which was used in other disputes with publisher Hachette and Warner Bros. Another hit-movie which isn’t available for DVD pre-order on Amazon is ‘Maleficent”. However, even if the movies are not … [Read more...]
InterOil Announces Chris Finlayson as their Company’s New Chairman
The Oil and Gas Industry has seen a lot of activity lately. Just yesterday, Vladimir Putin has voiced his support in Exxon’s new project, and now, InterOil has announced its new chairman. Total SA (FP)’s partner in Papua New Guinea, InterOil. Corp, has named Chris Finlayson (former chief executive at BG Group Plc) as chairman. With this move they hope to encourage natural gas export in the Pacific … [Read more...]
Round-up of the Top News Affecting the Oil Market
Here is a roundup of the most important Oil Market News WTI Trades Near 6-Month Low Before Economic Data Crude from West Texas Intermediate was sold at the lowest price for approximately 6 months. New data revealed the strength of United States economy, which is the world's largest oil consumer. Those who bet right were Oil speculators. They chose the right prices after a refinery which was … [Read more...]
Revival of Private Jet Sales After Recession
During the recession, many companies decided on budget cuts that would allow them to function normally while not significantly altering their workarounds and the best solution to fit everyone’s expectation was to target the company plane for spending cuts. Several years later, it seems that the decision is being revised as more and more companies seem to be over the long and difficult times they … [Read more...]
New Microsoft CEO, Satya Nadella, Cancels McLaren and Lays-off 18.000 Employees
It may be too soon to know how the new Corp. CEO Satya Nadella will perform in the new position, or how the company will fare in the future, however, we have already seen fireworks from the new CEO. In the meantime, former CEO Steve Ballmer is having fun at the Los Angeles Clippers. There have been a few decisions from Mr. Nadella that sparkled a few discussions. Let's take a look at the three, … [Read more...]
