16 July, 2014 by The TZ Newswire Staff Comments Off on China growth pickup reassuring but no game changer
China growth pickup reassuring but no game changer
A pickup in China’s growth has fortified confidence the world’s second-biggest economy will avoid a precipitous slowdown as the past decade’s explosive growth decelerates to the 7 percent range.
16 July, 2014 by The TZ Newswire Staff Comments Off on Google Boosts Driverless-Car Quest as Mulally Joins Board
Google Boosts Driverless-Car Quest as Mulally Joins Board
Google Inc., operator of the world’s biggest search engine, named former Ford Motor Co. (F) Chief Executive Officer Alan Mulally to its board, gaining auto expertise in its quest to develop self-driving cars. Mulally, 68, who was appointed July 9, will serve on Google’s audit committee, the Mountain View, California-based company said in a statement yesterday. He’ll receive an initial grant of $1 million in Google stock, an annual equity award of $350,000 with a $75,000 cash retainer and reimbursement of expenses, Google said in a separate filing.
16 July, 2014 by The TZ Newswire Staff Comments Off on Global business leaders push for infrastructure funding overhaul
Global business leaders push for infrastructure funding overhaul
International business leaders are lobbying the Group of 20 bloc of advanced and developing countries to tackle a $57 trillion shortfall in global infrastructure, pressing for changes to funding rules they say would help big projects move ahead. The Business 20 Group, which is holding a summit in Sydney this week, criticized cumbersome global rules that make it hard for large pension funds and insurance companies to invest in major infrastructure projects.
16 July, 2014 by The TZ Newswire Staff Comments Off on Samsung battles on two fronts as Apple readies iPhone 6
Samsung battles on two fronts as Apple readies iPhone 6
Samsung Electronics Co Ltd is losing smartphone ground not only to cheaper Chinese rivals but also at the high end to Apple Inc, a survey showed, in an ominous sign for the South Korean giant as Apple readies to launch its next-generation iPhone 6. Samsung last week gave second-quarter earnings guidance that was far weaker than expectations and is on track for its worst quarterly profit in two years, a performance the company attributed in part to price competition and higher inventory levels in China.
16 July, 2014 by The TZ Newswire Staff Comments Off on Apple looks to status-hungry vietnam for growth
Apple looks to status-hungry vietnam for growth
Bich Ngoc, who earns less than $60 a week and has a newborn son, cobbled together four months of savings to buy the latest iPhone so she could impress her colleagues who have older versions of the device. “I like the iPhone because it is small, light and very delicate,” said Ngoc, a 24-year-old accountant in Hanoi who purchased the device last week. Apple Inc. (AAPL) is looking to consumers such as Ngoc in Vietnam and across Southeast Asia willing to spend more than two months salary on an iPhone or iPad, as it seeks sales amid competition with Samsung Electronics Co.
16 July, 2014 by The TZ Newswire Staff Comments Off on Lawmakers embrace budget gimmick to fund highways
Lawmakers embrace budget gimmick to fund highways
If there’s anything that can unite Democrats and Republicans in the partisan swamp of Capitol Hill, it’s free money. The latest example of free money in Washington is a retread proposal called “pension …
16 July, 2014 by The TZ Newswire Staff Comments Off on Samsung battles on two fronts as Apple readies iPhone 6
Samsung battles on two fronts as Apple readies iPhone 6
Samsung Electronics Co Ltd is losing smartphone ground not only to cheaper Chinese rivals but also at the high end to Apple Inc (AAPL.O), a survey showed, in an ominous sign for the South Korean giant as Apple readies to launch its next-generation iPhone 6. Samsung last week gave second-quarter earnings guidance that was far weaker than expectations and is on track for its worst quarterly profit in two years, a performance the company attributed in part to price competition and higher inventory levels in China.