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 [...]
New York company Gold Standard, which buys jewellery, had so many customers despite the usually sleepy month that it felt like Christmas in August. A new record is seemingly made every other day as the stock market’s volatility led to more demand from investors, some of whom want to investment in a safe bet during [...]
U.S. ambassador in Beijing Gary Locke said it is possible for the two biggest economies in the world to find a common ground despite the political and economic strains even as he assured China about the safety of its investments in dollars. Locke often chided the trade policies of China when he was still U.S. [...]
Fast-growing online dating website Zoosk is looking for new investors to help finance a new round of marketing and international expansion project for the San Francisco-based company. Two people who are familiar with the effort but who spoke on condition of anonymity said the Deutsche Bank was recently hired by the company to help raise [...]
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 [...]
Now that the debt ceiling crisis has been dealt with by Congress, President Barack Obama is back in the fundraising game for his re-election campaign. Obama marked his 50th birthday with a series of coast-to-cost parties to make up for the event she had to cancel because of the crisis. Obama’s group lowered its expectations [...]
The House finally broke weeks of deadlock as Congress showed a rare moment of cooperation Monday night to come up with crisis legislation that will keep the country out of the threat of a historic debt default. However, the House had more reason to celebrate with the appearance of Representative Gabrielle Giffords for the first [...]
BBC got a glimpse of Apple’s financial records and reported that compared to the United States federal government, the software company has more cash on hand. The quarterly financial report of the company that gave the world the iPhone, iPod and the iPad has $76.4 billion in reserve cash, compared to the only $73.7 billion [...]
HSBC Holdings Plc is expected to unveil a profit of nearly $11 billion for the first half of the year. The biggest bank in Europe is being overhauled by new HSBC CEP Stuart Gulliver by slashing its costs by up to $3.5 billion, retreating from countries where it is sub-scale and selling its other assets [...]
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 [...]
