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Updated: 5 hours 17 min ago

Gap Stores to Make Its Way to India

17 hours 26 min ago

Gap Inc. the mega-retailer from San Francisco is planning to tap the Indian market and cash in on the purchasing power of the country's 1.2 billion people with an introduction of forty franchised stores which are scheduled to open in the coming year.

Gap said that it is working closely with Arvind Lifestyle Brand Ltd. for opening of its store to open stores in the world's second most populated country.

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Categories: UAE News

Last Week Lesser Number of Jobless Claims Filed, Points at Steady Labour Market

17 hours 29 min ago

There are more signs which show that the economy is rolling and on the path of a rebound as fresh reports says that last week lesser number of people filed for unemployment. This is a positive mark that reveals signs of a steadily improving labour market.

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Categories: UAE News

Amazon to Offer More Imported Good in China with Signing of a Deal

Thu, 08/21/2014 - 11:14

Although Amazon is a big name as far as U. S. is concerned but the online retail giant has not been able to penetrate the market that well in China. In the first quarter on the current year the company had only a 2.9 percent share of the online retail market of the country that deals with business to consumer.

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Categories: UAE News

PC Sales Boost Growth of HP, Whitman Looking for Growth in Other Divisions Too

Thu, 08/21/2014 - 11:10

Meg Whitman, the CEO of Hewlett-Packard Co. is gaining from an increase that is seen in the sales of personal computers. Now it is her chance to show that the company can also make advancement in other businesses like software as well as services.

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Categories: UAE News

Woodside Looking for Acquisition Opportunities

Wed, 08/20/2014 - 12:44

Woodside Petroleum Ltd. has kept aside $4.3 billion to spend on its growth prospects and is waiting for chances of an acquisition which is appearing to improve as rivals are looking at asset sales and the number of competitors bidding is declining.

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Categories: UAE News

Tour Samples Show Harvest Looks Great, Corn Prices Drop

Wed, 08/20/2014 - 12:42

On Monday US wheat futures dropped and gave up the brawny gains it had made in the last two sessions which were initiated by fears of possible disruptions in supply from the Black Sea.

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Categories: UAE News

Justin Bieber and Taylor Swift No More a Crowd Puller for Elizabeth Arden

Wed, 08/20/2014 - 12:38

For Elizabeth Arden star singer Justin Bieber and Taylor Swift are no more a crowd puller.

The amount of sales for fragrances backed by the stars was quite disappointing this year. The plummeting sales have pulled down earnings for Elizabeth Arden the giant in the business of beauty products.

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Categories: UAE News

Home Builders In the U.S Optimistic About Future Growth

Tue, 08/19/2014 - 11:39

The homebuilders are looking at a prospective market and are feeling more positive about the sales prospects as far as homes are concerned as they head towards the next year. It is an indication which signals at better sales of new homes and home constructions the approaching months following a flat period this summer.

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Categories: UAE News

Unemployment Rate Better Than Last Year

Tue, 08/19/2014 - 11:36

In the month of July the seasonally adjusted rate of unemployment in New Mexico was 6.6 percent which is an increase from the 6.5 percent seen in June. However it is a drop from the 7.0 percent that stood one year back.

Meanwhile the national unemployment rate remained at 6.2 percent which is an increase from 6.1 percent in June but a slide from last year's 7.3 percent in July.

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Categories: UAE News

Recent Report Warns About Possible Anti-Aircraft Weapons in Syria

Tue, 08/19/2014 - 11:32

A recent report from a respected international research group says that in Syria armed groups have an approximate count of several hundred of portable anti-aircraft missiles which could without much difficulty get into the hands of extremists who could then use them to destroy any low-flying commercial aircrafts.

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Categories: UAE News

How It All Started for Toyota- Tesla

Mon, 08/18/2014 - 09:20

It all started four years back with a simple ride of Tesla Motors Chairman Elon Musk's Roadster sports car when his guest Akio Toyoda, the president of the largest auto manufacturer took it out for a drive.

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Categories: UAE News

Roche Plans a Takeover of Japan’s Chugai: Reports Surge Share Prices

Mon, 08/18/2014 - 09:13

There was a record rise in the shares of Chugai Pharmaceutical of Japan which was a result of reports that said Roche the Swiss drug maker is looking for an acquisition of the company.

On Monday stocks of Chugai increased by 20% or more in Tokyo trading.

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Categories: UAE News

Braintree the Unit of EBay In Talks for Using Bitcoin

Sat, 08/16/2014 - 12:27

The Braintree unit of EBay Inc. is one of its businesses that handle electronic-payments. It is apparently exploring options to support payments through the virtual currency bitcoin a source with the knowledge about the matter said.

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Categories: UAE News

Ireland Upgraded by Fitch to A-

Sat, 08/16/2014 - 12:22

Standard & Poor's had upgraded the rating of Ireland in June and now it got an uplifted rating from Fitch, the global ratings agency. The up gradation followed as the cost of borrowing dropped to a record low for the country yesterday.

Last night Fitch upgraded the rating of Ireland from BBB+ to A- with a steady outlook. Ireland is now rated in the A category by two major agencies out of the three.

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Categories: UAE News

IBM Gets U.S. Approval as a Go Ahead for Its Sales Deal of Its Server Business to Lenovo

Sat, 08/16/2014 - 11:42

IBM or International Business Machines Corp. has cleared a review by U. S. national-security for the sales deal of its server business to Lenovo Group Ltd. of China. It can now permit the low-end server business transaction of $2.3 billion move ahead even when there is mounting tension between the two countries.

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Categories: UAE News

Animal-Rights Protests Cause Lower Attendance in SeaWorld's Parks

Thu, 08/14/2014 - 11:11

On Wednesday, the share price for SeaWorld Entertainment, Inc. the marine theme park operator fell to a record low when the company reported frail earnings as a result of faltering attendance in the theme park that has resulted from negative publicity because of its captive killer whales.

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Categories: UAE News

Telstra Gives Its Annual Report

Thu, 08/14/2014 - 11:08

Today, Telstra the biggest telecom company of Australia reported that its subscriber base for mobile now numbers at 16 million and that the company has added about 1 million new subscribers in the financial year 2013-2014.

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Categories: UAE News

Samsung Reveal its Thinnest Android Phone With a Metal Frame

Thu, 08/14/2014 - 11:04

Just like its key competitors Apple and Xiaomi of China, Samsung is on its way to embrace the metal frame for its latest phone that will go be on the shelves for sale from September. The company has not yet mentioned specific markets for its new launch. The phone will also include a fingerprint scanner. The back cover which is removable will have a tactile pattern.

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Categories: UAE News

Alibaba Before Initial Public Offering Restructures Agreements With Alipay

Wed, 08/13/2014 - 08:53

On Tuesday, before it's much awaited initial public offering, Alibaba Group Holding Ltd. the e-commerce giant of China said that it has reorganized the agreements with Alipay which is its online payments partner along with Small and Micro Financial Services Co, the parent of the company.

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Categories: UAE News

U.S Record Output Eases Corn and Raises Soy from Contract Low

Wed, 08/13/2014 - 08:43

On Wednesday the price for U. S. soybean moved up and the market took a sigh of relief after the crop faced loss for two day which resulted in a fall of the new crop prices too, to a contract low during last session when a report released y the government forecast a record production.

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Categories: UAE News

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