Top 10 fiscally susceptible states in US
Posted on 12. Nov, 2009 by Turbo in Business
It is known that fiscal pressures pushed California to almost bankruptcy state and the same pressure is pushing several states in US to a financial jeopardy.
According to Pew Center on the United States’ analysis the top 10 fiscally susceptible states include AZ, CA, FL, IL, MI, NV, NJ, OR, RI and WI. But there are other states including GA, CO, KY, NY and HI that are catching up pretty fast as well.
The analysis had been based on many parameters; loss revenue of the respective state, budget gap, foreclosure as well as unemployment rates, poor finance management and the laws in each that govern passage of the respective state’s budget.
The financial peril forced all of these 10 states to increase taxes, lay off state employees and cut services; slowing down recovery of the entire country. Sadly, the 10 states have one-third of US population as well as GDP.
The sooner the states are recovered the better for the country to recover from recession.
Google eyes mobile ad business and purchases AdMob
Posted on 10. Nov, 2009 by Turbo in Business
US Internet leader Google is set to buy AdMob, the mobile advertising business. The deal is set at $750 million.
AdMob has been a leader in the mobile ad business selling ads, especially the banner ads on mobile devices and the ads appear on iPhone or websites that mobile phone devices feature.
Industry experts believe that, Google will focus on becoming a big player in the mobile ad business. And, the acquisition of AdMob will definitely give Google a strong foothold in the mobile advertising business in the coming years.
An independent Kelsey Group gave an estimate of $160 figure which is the revenue generated by the entire mobile advertising sales industry during 2008.
Microsoft and SourceGear plan to enter an agreement
Posted on 09. Nov, 2009 by Turbo in Business
Microsoft plans to buy some of the SourceGear assets. Microsoft Corporation on Monday said that it plans to buy few assets of SourceGear LLC. The buying is in a plan to kind of reinforce its products. However, the money deal has not been disclosed.
Microsoft will buy, especially, the Teamprise-related SourceGear LLC assets. The Illinois-based company has been providing programming applications to its clients and Microsoft hopes to strengthen the software designs with the help of the assests acquired from SourceGear LLC.
Microsoft Corp. told it will integrate SourceGear assets into its Visual Studio in its 2010 version .
Nokia sues Apple over patent infringement
Posted on 23. Oct, 2009 by Turbo in Business
The Finnish phone maker, Nokia, sues Apple against an infringement issue. Nokia filed a suit against Apple at a district court in US, for patent infringement that involved the iPhone.
According to the Finnish phone manufacturer, these patents include GSM, UMTS, wireless LAN, security, data transfer through wireless networks, encryption and UMTS.
Nokia alleges Apple that it should have sought permission from them and paid in royalty to use these technologies in its iPhone handset.
It seems the Finnish phone giant is looking to seek a patent royalty of about 1-2 per cent (which could be equated to $6 to $12) on every iPhone.
Lufthansa the German airlines in collaboration with Panasonic to offer FlyNet service
Posted on 12. Oct, 2009 by Turbo in Business
Lufthansa in collaboration with Panasonic is all set to launch in-flight Internet and phone services. The Deutsche Lufthansa on Monday announced that it, in collaboration with Panasonic Corp., will develop and launch in-flight Internet and cell phone service to its passengers.
According to Lufthansa, the FlyNet service, as it is named, should be available from second half of 2010. The German airline believes it will be equipping majority of its long-haul flights with the service during its first year of launch and then eventually spreading to its entire fleet.
A mini version of FlyNet service with only Internet service was offered in 2003, but its partner, Boeing Corp. Connexion, had signed it off in 2006.
Although there is no clear say about the cost for opting the FlyNet service; the airlines believe it will work out models to its fliers; as in frequent fliers, Miles & More, etc., to opt for the service.
Sky plans to sell music online; ready to compete with Apple iTunes
Posted on 12. Oct, 2009 by Turbo in Business
Sky will be entering into online music market and selling music online via Internet through its satellite TV dishes.
Sky actually contemplates to sell online music through subscription model; the users will be charged subscrition fee per month for the song downloads.
Sky’s new venture is to go into the already competition stiff music market online. Fans should hope that the broadcaster will come with stunning software to give the iTunes a run for its money. It also means that Apple cannot take the market for granted for long. Well, if the songs arent as good as radio, the service will soon be buried by fans.
But, all of this will definitely do good to music lovers as competition will lower the prices!
Isopure Plus launches fruit flavored drinks for diabetics and nutritionally challenged
Posted on 06. Oct, 2009 by Turbo in Business
US-based Isopure Company, today, launched Isopure Plus, its new line of drinks; the Isopure Plus Zero Carb Protein Drink and Isopure Plus Nutritional Drink, which are fruit flavored and cater to the seniors and the nutritionally challenged.
According to the company the drinks taste great and are easily digestible and form a good alternative to the dairy protein-rich formulas.
Isopure Plus make ideal drinks for seniors and all those who have additional protein requirements. The new line of Isopure drinks will be available at drug chain stores and nutrition centers and also online retail sellers.
As per FDA, the daily value protein of a healthy adult is approximately 50 grams and Isopure Plus drinks are formulated to meet 30% of the daily value protein besides providing other nutritional values.
Each bottle of 8-ounced single-serving drink of Isopure Plus contains 15 grams of protein (easily absorbed and digested whey protein) in flavors of Alpine Punch and Grape Frost.
The Isopure Plus Nutritional Drink is rich in carbohydrates to supplement to those who need additional calories in their diet and for the weight conscious and diabetic people Isopure Plus Zero Carb Protein Drink will be quite ideal.
IndiaMART launches new mega sourcing portal; Sourcing IndiaMART
Posted on 06. Oct, 2009 by Turbo in Business
IndiaMART.com launches its mega sourcing portal; sourcing Indiamart.
The new sourcing portal, http://sourcing.indiamart.com/ will be a great source for informativer content about the products (descriptions, reviews, feedbacks and/or testimonials) to all the suppliers as well as the prospective buyers.
The portal will basically contain the information in specific categories including; agro, apparel, auto, building materials, electrical, engineering, handicraft and pharma.
According to the CEO and Founder of the IndiaMART Mr. Dinesh Agarwal, as of now, only the apparel and the engineering categories are live and the company plans to add other categories’ content soon. Categorized informative content will enable buyers to take informed decisions. IndiaMART is already a big hit B2B directory and this will be the next step in its enterprising.
Apple iPhone tops CoolBrands 2009 in Britain
Posted on 29. Sep, 2009 by Turbo in Business
So its out, the annual CoolBrands list and this year the Britain’s coolest gadget is Apple iPhone.
The Apple iPhone stood second last year, but its sale this year has been phenomenal so far and it sold over five million pieces in just 90 days’ time.
The Apple’s touchscreen smartphone surpassed the Aston Martin car to go to top spot in the yearly list of 20 CoolBrands and companies that the English love to own and/or use and in the CoolBrands list Apple per se came third.
Here is the top 10 CoolBrands 2009:
Apple iPhone
Aston Martin car
Apple
iPod
Nintendo
YouTube
RIM BlackBerry
Google
Bang and Olufsen
PlayStation 3
GM to sell 55 percent Opel stake to Magna International Inc
Posted on 10. Sep, 2009 by Turbo in Business
GM announces it’s going to sell off 55 per cent of Opel subsidiary. The US carmaker, General Motors, announces its plans to sell 55% of Open, its European subsidiary, to a Canada-Austria based consortium called Magna International Inc.
The announcement comes after the board meet at Detroit that ended recently. The board was unwilling to hold back stake after the uncertainty of the Opel’s fate. Opel has about 25,000 workforce based in Germany.
Under the new proposal, GM is to hold back 35 per cent of the newly established Opel Company and 10 per cent to be hold back by Opel workforce.
The stake of 55% by Magna International Inc. will actually be split with Russia’s state-owned Sberbank and Gaz the Russian carmaker.
In fact, dropping of car sales prompted GM to launch major restructuring of the company’s global operations, and it includes sell off of the Opel stakes. The carmaking giant is also planning to layoff 1000 employees this month.
