Thu, 02 Aug 2018 23:35 IST
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US Pressurizes Euro Zone to Take Decisive Action

New York, August 1 ( – At the European Central Bank meeting, the United States pressurized euro zone to solve the debt crisis problem by taking decisive measures. The key step that can be taken to lessen the problem can be lowering the borrowed costs of the troubled members and the … [Read more...]

Acquisitions to be Resumed by Schneider Electric to Sustain Earnings

New York, August 1 ( – Resumption of purchases after carrying out the integration of past deals that helped in lifting profit of first-half has finally been announced by Schneider Electric SA, which is one of the most acquisitive electrical engineering firms until a year ago. As … [Read more...]

London Olympics Might Turn as a Bad Sign for the Country

New York, August 1 ( – London Olympics has hit the town's business and productivity as most of the workers and officials have been asked to work from home due to Games held in the city. Some of the areas of the city has turned into 'ghost towns' and it has also been reported that … [Read more...]

Antivirus Business of FRISK Software International to be Acquired by Commtouch Software (NASDAQ: CTCH)

New York, August 1 ( – In order to take possession of antivirus business of FRISK Software International, which is an Iceland-based company, signing over a definitive agreement has been proclaimed by Commtouch Software Ltd (NASDAQ: CTCH). The possession of the firm will let CTCG … [Read more...]

Shares of Facebook (NASDAQ: FB) Skid to New Record Low

New York, August 1 ( – After declining to an intra-day low of $22.11, shares of Facebook Inc (NASDAQ: FB) skidded by 4.3 percent to $22.16 yesterday. With a target price of $23 per share, analyst Carlos Kirjner at Bernstein Research upgraded the stock of the company from UNDERPERFORM … [Read more...]

Twitter Unveils Cashtags

New York, August 1 ( – On Monday, Twitter unveiled 'cashtags' to track stock symbols. For cashtag one will have to type '$' followed by the ticker of the company like $GOOG for Google (NASDAQ: GOOG) and and then the subscriber can enjoy what the Twitterverse is saying about that … [Read more...]

Penthouse in NYC Listed for $100 Million

New York, August 1 ( – A 8,000-square-foot penthouse in midtown-Manhattan has been listed for whopping $100 million. Long Island real estate developer Steven Klar is selling the penthouse that he purchased in 1993 for 4.5 million and spent almost equal amount in renovating it. An … [Read more...]

Microsoft (NASDAQ: MSFT) to Replace Hotmail by

New York, August 1 ( – Microsoft (NASDAQ: MSFT) has decided to replace its free webmail service, Hotmail by The official date of launch of the service is yet to be announced. It will aim to draw the subscribers from Google's (NASDAQ: GOOG) gmail service. It can pose … [Read more...]

Olympic Games Make Tourists Stay Away from London

New York, August 1 ( – The fever of Olympics is at its peak making sports fans to have a close look over the victory and defeats of their countrymen. However on the other hand, it raised worries for the hoteliers who are running food chains in London. Seeing the businessmen and … [Read more...]

Chrysler Reports Profit of $436 Million in Second-Quarter

New York, July 31 ( – The automaker controlled by Fiat SpA (F), Chrysler Group LLC has posted net income of $436 million for the second quarter. The sales of the Auburn Hills, Michigan-based company increased 23 percent to $16.8 billion. The sales for the passenger cars in US … [Read more...]