The United States, through pioneering companies Apple and IBM Corp. has dominated the personal computer market for three decades but China overtook the US in this industry last quarter. The shipment of personal computers in China increased 15 percent to 18.5 million for the second quarter, the first time it surpassed the US which decreased [...]
Hewlett-Packard Co. is lowering its profile in consumer electronic but expanding its line-up of business software products as it purchased Autonomy Corporation. The world’ largest technology company in terms of revenue had other dramatic moves aside from the acquisition which was announced Thursday. With the deal, HP expects to sharpen its focus from making consumer [...]
President Barack Obama slammed Congress for hurting economic recovery through their bickering even as he reasserted his economic leadership Thursday by promising the delivery of new job creation ideas every week. Obama, who delivered a passionate speech to workers in the auto industry, said the refusal to prioritize the country over party “has got to [...]
Google’s social networking service will now allow users to play games with family and friends, juts like what millions of Facebook users do. The expansion in games by Google had been expected long before its announcement Thursday, since the company unveiled its social networking site Google Plus late June. The new feature is expected to [...]
An industry group confirmed the increase in applications for home mortgages in the United States as interest rates fell. The Mortgage Bankers Association said the index of mortgage application activity, which is adjusted seasonally, increase 7.1 percent in the week ending July 29. It includes the demand for home purchase and refinancing. The refinancing applications [...]
Google’s acquisition of talent and technology is expected to help it fulfil its goal of helping people find the best daily deals on the Web. Google bought the 15-month-old startup Dealmap which compiles discount offers that have been scattered in markets by local merchants across the nation. While the acquisition’s financial terms were not disclosed, [...]
Time is running out for the government to pass a debt ceiling deal that will avoid default and the possibility of getting a rank downgrading from the credit rating agencies. As Congress decides on whether or not it would raise the borrowing limits of the United States before the deadline on Tuesday midnight, the S&P [...]
The United States is expected to maintain its top-notch rating for now after Moody’s Investor’s Service decided not to downgrade its rating despite the “limited magnitude” of Washington’s discussion when it come to the deficit reduction plans. Moody’s warned Friday that a negative outlook will come with the affirmation of the US’ Aaa credit because [...]
A sharp drop in foreclosure activities in most of the largest metropolitan areas in the country has been observed as banks take longer to act versus homeowners who are behind in the payment of their mortgages. Foreclosure listing firm RealtyTrac Inc. said the foreclosure rate of 84 percent of metropolitan areas, with a population of [...]
South Korea’s Hyundai Motor reported a 37 percent increase Thursday on its quarterly profit to outperform its rivals, thanks to the strong sales of popular new models in the United States. Hyundai has been viewed in the past as a cheap car maker with a record of poor quality but it has shown a stellar [...]
