Displaying posts written by

Pranika Jain

who has written 309 posts for ABH News.

Mar
2
2010

Apple annoyed with HTC plans to sue

Apple on a hard decision is planning to sue the Tiawanese giant HTC over patents.
It is believed that HTC is infringing twenty patents of Apple related to user interface , precisely the touch screen. Adding a statement Apple CEO Steve Jobs said, “We can sit by and watch competitors steal our patented inventions, or [...]

Mar
2
2010

Allied Irish Banks Slips to Loss in FY09

Allied Irish Banks p.l.c. reported a loss for the fiscal year 2009, compared to a profit last year, due to crash in the Irish property market and higher provisions for impairment of loans and receivables.
Company reported profit attributable to owners of the parent company was EUR 2.41 billion or 215.2 cents per share, compared [...]

Mar
2
2010

Staples 4Q profit falls on spending pullback

World’s largest office-supply retailer, Staples Inc., reported lower than expected quarterly profit on weak demand for big-ticket items along with continuous delay in purchase by the small business.
Company also provides the forecast full-year earnings for the fiscal year 2010 well below analysts’ expectations.
Company reported Net income dropped to $233.9 million, or 32 cents a [...]

Mar
2
2010

Google buys Picnik

Google has acquired online photo-editing app Picnik. Picnik provides the most popular software which web-based applications allow its users to import and edit photos. Picnik is one of the trendy photo-management and sharing services wing. The private company Picnik was founded in 2006 with a workforce of 20 employees. Since then its free as well [...]

Mar
2
2010

Twitter will launch search based advertising model

Twitter will introduce a new search based advertising model. This model will provide third-party advertisements in on-site search results. This report was published in the Wall Street Journal’s All Things Digital-blog. According to the report the Twitter Advertising scheme will be launched in the first half of the current year.
The report also read that [...]

Mar
1
2010

Donald Kohn, leaving Fed

Donald Kohn has decided to resign on Monday from the Board of Governors of the Federal Reserve System.
Donald Kohn, the vice chairman, has been a member of the Federal Reserve’s Board since August 2002, and served till 2006 as Vice Chairman has decided to curtail its services from June 23, 2010.
Kohn expressed in his letter [...]

Mar
1
2010

Euro Zone outstretching manufacturing

The manufacturing sector seems to grow faster than it was expected in February, keeping the pace with the previous month’s 15-year high growth rate with an advice that economy may recover with a gathering pace.
The manufacturing purchasing managers’ index was at 56.6 last month, the same as in January, which was considered to be the [...]

Mar
1
2010

M&S extends its ‘eco-plan’

Marks and Spencer has announced its plans for the next eight year which includes its ethical and environmental commitments. According to Stuart Rose, M&S chairman these kinds of plans are required to enhance the company’s morale as well as commercials aspects. Marks & Spencer usually spends about £40 million per year on its sustainability. [...]

Mar
1
2010

US a bad daddy for Toyota

Toyota has faced more than enough now with the dent on its image and the series of federal probing into the matter is getting on the nerves of Japanese citizens as according to them the company is facing conspiracy and has been treated unfairly as well.
According to a report from Seoul and Los Angeles, the [...]

Feb
28
2010

Global warming panel is looking for outside review

The panel studying global warming is looking for outside review because of current criticism about its reports. The Nobel Prize-winning international scientific panel is now going to trust these independent reviews as the four reports presented by the panel in 2007 have to face a lot of criticism. This detail was revealed by the Intergovernmental [...]