LinkedIn likely to acquire Pulse news app
Social networking website LinkedIn is at present working on a deal to purchase a news reader mobile app known as Pulse. As per media reports, the website will be paying around $50 million for the digital publisher based in San…
Samsung claims first spot in front of Apple and Lenovo
South Korean company Samsung announced that it has tripled its smartphone sales in the year 2012. With the recent figures, the company has left behind others such as Lenovo and Apple, which are also considered to be important companies in…
Ford announces recall of 196,500 Mercury Monterey and Ford Freestar
Auto manufacturer Ford has announced a recall of approximately 196,500 Ford Freestar and Mercury Monterey minivans, which have been manufactured between 2004 and 2007. The vehicles have been recalled for a safety problem with the third row seats. These recalls…
Sharp announces huge $111 m tie up with Samsung
Electronics manufacturer – Sharp, on March 6, 2013, has announced a tie up with the South Korean company Samsung. The value of the deal is reportedly $111 million and is a rare move from a Japanese-based company. At present, Sharp…
Jaguar Land Rover to create 700 jobs in UK
British multinational auto company Jaguar Land Rover is all set to create about 700 additional jobs in the Midlands of UK. The new jobs will be created by an additional investment of £150 million in a new engine factory in…
Harley Davidson to assemble more motorcycles in India
American motorcycle manufacturer Harley Davidson, said on March 4, 2013, that it will assemble three more of its motorcycles in the Indian market. The company also said that it will cut its prices so that the bikes are made more…
Spending increases for Americans – Income goes down
Consumers in the US have spent a lot in the month of January 2013 on utilities. The income for US consumers has taken a deep plunge, which is said to be the biggest in 20 years. According to the commerce…
India suffered 9% power shortage in 2007-12
During the last five years, ending in 2012, India has witnessed a 9 percent power shortage. An Economic Survey, on February 27, 2013 said, “During the 11th Five Year Plan (2007-12), nearly 55,000 MW of new generation capacity was created….
Orders for durable goods dropped in January 2013
For the first time in five months, the orders for durable goods in the US fell in the month of January 2013. The numbers fell as aircraft orders have plunged. The US Commerce Department said that the numbers fell by…
American Airlines to join hands with US airways
US Airways and American Airlines said on February 21, 2013, that they have planned to join hands to merge in a deal worth $11 billion. The merger will create the largest carrier in the US and will help bring an…