According to Nick Bilton of the New York Times, Apple is currently working on a new project: an iWatch. Utilizing curved glass the perfectly fit a person’s wrist, these “smart watches” may not yet be in actual development. Bilton explains: “In its headquarters in Cupertino, California, Apple is experimenting with wristwatch0like devices made of curved… Continue Reading
Joe Malone’s Liberty Global Inc. announced that it will be acquiring Virgin Media Inc. in a $16 billion deal. According to the cable TV operator, it will be paying $5.9 billion in cash. The rest of the payment will be in stock for Virgin Media. The development will up the competition between Malone and fellow… Continue Reading
Microsoft has just released its newest version of Office; Office 365 Home Premium Edition. After using it for several days, Business Insider discussed the seven reasons everyone should purchase it. The first is that it is a good value. “Office 365 includes Word, Excel, PowerPoint, Access, Publisher, OneNote and Outlook. The Home Premium version costs… Continue Reading
Pasadena-based Avery Dennison Corp. recently announced that it will be selling two of its businesses to CCL Industries Inc. for $500 million in cash. The transaction comes only three months after 3M gave up on its plans to purchase Avery Dennison’s office and consumer products unit. The deal was abandoned because the U.S. Department of… Continue Reading
This Thursday, Fortescue Metals Group Ltd. announced a 32% jump in iron-ore monthly shipments. The increase is a result of improved steel demand from China. According to company reports, Fortescue shipped 19.6 million metric tons during the second quarter, up from 14.8 million during the previous year. The average price per ton was $111, while… Continue Reading
The National Academy of Television Arts just granted Apple a Tech Emmy Award at CES 2013. The iPhone maker is one of the leading technology companies in the world. According to Forbes, Apple’s latest award is for an “eco-system for Real Time Presentation of TV Content to Mobile Devices without the use of Specialized Television… Continue Reading
Self-driving cars have attracted manufacturers other than Google; Toyota and Audi have both announced that they will reveal their concept cars at the upcoming Consumer Electronics Show in Las Vegas. Though neither car maker has revealed any details, IDG News Service has uncovered this quick preview of Toyota’s new technology. Continue Reading
Eagle Bulk Shipping Inc., a Marshall Islands corporation, is one of the leading owners of Handymax dry bulk vessels in the United States. Focusing mainly on ocean transportation of both minor and major bulk cargoes, the company ships iron ore, coal, grain, cement, fertilizer and many other commodities on global shipping routes. Founded by Sophocles… Continue Reading
Despite what some observers see as a slow-down in the Asian investments sector, there are several hedge funds that have proven these observers to be too pessimistic. Take for example the recently launched Oasis Investments Limited fund, which had an extraordinary beginning. During the first 14 months of investing with its internal funds the global… Continue Reading
Walt Disney Co. is purchasing Lucasfilm Ltd. for a little over $4 billion. Chief Executive Officer Robert Iger’s $15 billion bet on creative franchises has been strengthened thanks to the ‘Star Wars’ and ‘Indiana Jones’ films. George Lucas is the sole owner of both series. According to a statement from Disney, Mr. Lucas will receive… Continue Reading