Analysts said Monday that the increase in oil prices will have no lasting impact on the global economy recovery, thus expecting the latter to be sustained. Light, sweet crude slightly dropped 42 cents to settle at $112.37 a barrel at late afternoon Singapore time in a global electronic trading session on the New York Mercantile [...]
Minmetals Resource, the Honk Kong unit of the largest metal trader in China, plans to purchase Equinox Minerals for $6.5 billion. Equinox is the biggest copper mine in Africa and Minmetals want to gain control to run the company with their supervision. According to the Hong Kong-based firm, they offer for C$7 per share, or [...]
Anglo Irish Bank verified on Thursday that they record a net loss worth $25 billion last year because the loan for property development gone terrible. The dying organization at the center of Ireland’s journey close to bankruptcy formerly disclosed its anticipated figures for 2010 last February 8 and the audited figures on Thursday enclosed only [...]
Wednesday reports showed an increase in stock futures as ADP National Employment Report revealed new private sector jobs in March. According to reports, Dow Jones futures increased 47 points, or 0.4 percent, to settle at 12,272, while Nasdaq 100 futures rose 17, or 0.7 percent, to 2,339. Standard & Poor’s 500 Index futures, on the [...]
According to Microsoft, the company sold a record of 1.9 million units of Xbox 360 last month. However, the record sales of the gaming console during the holiday peak season can lead to a deficiency of the gadgets in the months ahead. The company said that to deal with the demand in Xbox 360, it [...]
Japan Airlines (JAL) President Masaru Onishi said Tuesday that they are planning to have joint businesses with other Oneworld partners to generate sales gains. In an interview, Onishi said that with the help of American Airlines, and several others such as Cathay Pacific and Qantas Airways, they will be able to keep their dwindling network [...]
International Business Machines (IBM), the largest provider of computer services in the world, became the first company to acquire 5,896 patents in 2010. According to IFI Claims Patent Services’ data, IBM topped the U.S. patents winner for 18 consecutive years. Samsung Electronics and Microsoft also led the winners having 31 percent record increased in grants [...]
Reports said Monday that China’s trade surplus narrowed sharply in December due to higher import prices. According to the reports, trade surplus fell as much as $13.08 billion in December from $22.9 billion in November. It has reached a total of $183.1 billion last year, which is slightly lower than the $196.06 billion in 2009. [...]
Bank of America (BofA) plans to provide its clients an option on how they can pay their checking accounts. BofA is revamping a pilot program to check the accounts through a menu of fee choices. The biggest bank in the United States will test this new option in Arizona, Massachusetts and Georgia. Moreover, BofA said [...]
eBay mobile commerce application exceeded its $1.5 billion sales projection for acquiring nearly $2 billion sales in 2010. US consumers alone generated more than $850 million in sales, which showed over 175% increased from its previous 2009 mobile sales for $309 million in the US. On their report, it stated that its international sales from [...]
