05252016Wed
Last update: Wed, 25 May 2016 08am

Business & Finance - Industries & Sectors

Google makes history, beats Apple for the first time ever There’s always a first time for everything, Google the world’s largest search engine has beaten Apple in the race of laptops.The Google's Chromebooks, laptops running Google’s Chrome OS reached a milestone last quarter: For the first time ever, computer makers shipped more Chromebooks than all Apple desktops and laptops combined, according to IDC.As per The Verge, "Chrome OS overtook Mac OS in the US in terms of shipments for the first time in 1Q16," says Huang. "Chromebooks are still largely a US K-12 story." The reason behind Chromebooks US success, is their popularity among schools.However, the growth of Chromebooks outside US remains incalculable, due to lack of data provided.According to CNN, experts cite cost as a major factor contributing to Chromebook success."Cost is but one reason they are winning there," said analyst Linn Huang. "Google has also done a fantastic job building out a compelling management console that makes these ...


Business & Finance - Industries & Sectors

Nokia cuts more than a thousand jobs in Finland HELSINKI: Nokia is cutting 1,032 jobs in Finland as part of a cost-cutting programme following its acquisition of Alcatel-Lucent, the telecom network equipment maker said in a statement on Friday. Finland's biggest company has cut thousands of jobs in its home country over the past decade as its once-dominant phone business was eclipsed by the rise of smartphone rivals. Nokia started the latest cost cutting programme in April and is targeting 900 million euros ($1 ...

Business & Finance - Industries & Sectors

GM SUV compensation program will cost about $100mn WASHINGTON: General Motors Co said on Friday it would compensate 135,000 US owners of new sport utility vehicles that had overstated the vehicles' fuel efficiency by giving them debit cards or extended warranties. GM said most of the debit cards would be worth $450 to $900 for owners of 2016 SUVs that overstated fuel efficiency by 1-2 miles per gallon. The largest US automaker said the program would not have a material impact on its ...

Business & Finance - Managed Funds

Rising German Bund yields set for biggest weekly gain in a month LONDON: German Bund yields edged up on Friday and were on track for their biggest weekly rise in a month on growing talk that another hike in US interest rates will come sooner rather than later. Hawkish comments from US Federal Reserve officials, Fed minutes suggesting a June rate hike could be on the table and strong economic data have refocused market attention this week on higher US rates - hurting stock and bond markets ...

Business & Finance - Industries & Sectors

Boeing opens factory to make wings for new 777X jetliner NEW YORK: Boeing Co opened a $1 billion factory in Washington state on Friday that will make carbon-composite wings for its newest jetliner, the 777X, a key step toward delivering the first aircraft by 2020. The building, adjacent to Boeing's wide-body aircraft plant in Everett, Washington, covers 27 acres (11 hectares) putting under one roof the equivalent of 25 football fields, Boeing said. It will house three large autoclaves, or pressurized ovens, for curing the ...

Business & Finance - Industries & Sectors

Bayer's Monsanto approach sparks shareholder uproar LONDON: Bayer's takeover approach for US rival Monsanto triggered an investor backlash on Friday, with one of the German pesticides and drugs company's top shareholders calling it "arrogant empire-building".Investors are nursing losses after an 8.2 percent fall in Bayer's share price following news of its bid, which John Bennett of Henderson Global Investors, described as an "immediate destruction" of shareholder value. US seeds giant Monsanto on Thursday said Bayer had made an unsolicited takeover proposal ...

Business & Finance - Banking & Finance

Colombia central bank expected to raise interest rate to 7.25pc BOGOTA: Colombia's central bank is likely to increase its lending rate by a quarter point to 7.25 percent, the last increase in a 9-month tightening cycle as inflation expectations begin to ease, a Reuters survey showed on Friday. Fourteen of 18 analysts polled said the seven-member board would raise the key interest rate by 25 basis points at its meeting next week, while another predicted a 50-point rise and the remaining three expected the rate ...