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July 28, 2014 – 8:21 pm |

US economy failed to rebound in the second quarter of 2014 as much as investors expected and the American currency declined against Euro for the first time during the last seven days.

Tomorrow FED will begin meetings to debates the interest rates pace and if the Government is going to reduce further its bond purchase monthly amount.

Investors and analysts expect the rebound to be weaker than Read more […]

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Jack Dorsey of Twitter Buys Some Symbolic Twitter Shares As The CEO Search Continues

August 10, 2016 – 9:29 pm | Comments Off on Jack Dorsey of Twitter Buys Some Symbolic Twitter Shares As The CEO Search Continues
Jack Dorsey

Jack Dorsey, co-founder and interim chief executive of always-in-turmoil Twitter, bought a trifling 31,000 shares of Twitter stock on Monday, pushing the Twitter stock price up by around 9% by spending roughly $875,000. The Twitter stock has been on something of a downwards spiral over the past few days and it has lost more than 15% over the last month (including today’s 9% gain).
Without today’s Read more […]

Warren Buffett’s Berkshire Hathaway Makes Biggest Ever Acquisition For $37.2 Billion

August 10, 2016 – 5:01 pm | Comments Off on Warren Buffett’s Berkshire Hathaway Makes Biggest Ever Acquisition For $37.2 Billion
U.S. President Obama awards the Medal of Freedom to recipient Buffett during ceremony at White House in Washington

The Berkshire Hathaway conglomerate-cum-empire of Warren Buffett grew more diverse today as it announced it had acquired a metal parts manufacturer called Precision Castparts for $37.2 billion, including debt.

Berkshire now has holdings in companies as diverse as insurance, railroads, chocolates and the latest company that makes airplane parts. Berkshire’s market capitalization stands at a gargantuan Read more […]

Apple iPhone 6S Launch Date Set For September 9th

August 7, 2016 – 2:27 pm | Comments Off on Apple iPhone 6S Launch Date Set For September 9th
Apple iPhone 6 iPhone 6 Plus

Apple’s next iPhone launch date may be September 09, according to rumors. John Paczkowski of Buzzfeed News writes quoting sources that Apple will hold an event the week of September 7th and the date is most likely to be Wednesday, September 09, the same date on which Apple held its event last year.

This fall, Apple’s launches will include an iPhone 6S (most likely, though not confirmed) as well Read more […]

Facebook’s Zuckerberg Makes A Baby Announcement on Facebook

August 3, 2016 – 3:28 am | Comments Off on Facebook’s Zuckerberg Makes A Baby Announcement on Facebook
Zuckerberg and Wife

Facebook chief executive Mark Zuckerberg took to Facebook on Friday to announce that he and his wife Priscilla Chan are expecting a baby girl. But the announcement also talked about miscarriages Ms. Chan had suffered in the process or trying to have a baby.

Mr. Zuckerberg wrote that he and Ms. Chan had had three miscarriages before the ongoing pregnancy. Mr. Zuckerberg’s Facebook post has more Read more […]

German Carmakers Acquire Nokia’s Mapping Unit For $3 Billion

May 3, 2016 – 6:18 am | Comments Off on German Carmakers Acquire Nokia’s Mapping Unit For $3 Billion
Nokia logo

German carmakers Audi, BMW, and Daimler (owners of the Mercdeds brand) paid € 2.8 billion or about $3 billion to acquire Nokia’s mapping service Hire. Nokia sold its mobile phone unit to Microsoft last year for $7.6 billion.

Nokia is now focused almost entirely on its telecom equipment business, selling communications equipment to telecoms carriers worldwide.

Nokia’s Here mapping technology Read more […]

Google Takes An AI Turn, Creates A Parent For Itself Named Alphabet

August 10, 2015 – 4:14 pm | Comments Off on Google Takes An AI Turn, Creates A Parent For Itself Named Alphabet
Larry Page Alphabet CEO

In a move that has surprised one and all, Google is restructuring how it runs itself. Google has created a new company called Alphabet that “is mostly a collection of companies,” writes Larry Page, the new CEO of Alphabet.

This already sounds like Warren Buffett’s Berkshire Hathaway and the way companies operate as independent entities under the Berkshire umbrella. Sergey Brin, Google’s co-founder, Read more […]