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Business News

NY Times article analyses Apple-Foxconn association

NY Times article analyses Apple-Foxconn associationIn a new, comprehensive article that highlights some interesting details pertaining to the popular Apple iPad tablet, The New York Times’ Charles Duhigg and Keith Bradsher have shed light on Apple’s practice of overseas production of components of its devices, particularly at the Foxconn factory in Shenzhen, China.

Christmas Day online sales jump 16.4% from last year

Christmas Day online sales jump 16.4% from last yearOnline sales jumped 16.4 per cent on Christmas Day this year over the same day last year, with the iPad emerging as the leading mobile device for purchases, online retail figure compiled by IBM revealed.

Japanese investigators raid Olympus headquarters

Japanese investigators raid Olympus headquartersJapanese investigators on Wednesday seized a lot of confidential documents during a raid at the headquarters of disgraced camera-maker Olympus Corp.

CIOs focusing more on business strategy & innovation, thanks to cloud

A Move to Make Health Data TransparentCloud computing is helping chief information officers (CIOs) to focus more on business strategy and innovation as the innovative technology frees them up from IT issues.

A study by CA Technologies, titled The Future Role of the CIO 2011, states that 60 per cent of CIOs believe that cloud computing is so efficient that they can shift their focus on other areas of their businesses.

Daimler to invest EUR1.5 bn at its Stuttgart-Untertuerkheim Mercedes-Benz plant

Daimler to invest EUR1.5 bn at its Stuttgart-Untertuerkheim Mercedes-Benz plantIn what apparently would be part of Daimler AG’s a strategic plan to add to its capacity of the Mercedes-Benz, the Germany-based automaker revealed on Friday that it intends making a EUR1.5 billion investment at its most important Mercedes-Benz powertrain plant in Stuttgart-Untertuerkheim this year and in 2012.

Business travel costs to rise across the world

Business travel costs to rise across the worldAccording to a Global Business Travel forecast by American Express, there are indications that an increase in the prices for business travel is apparently on the cards all over the world in 2012, with the passengers in the Asia-Pacific region likely to witness the highest hike.

Singapore’s seasonally-adjusted retail sales increased 0.3% in September

Singapore’s seasonally-adjusted retail sales increased 0.3% in SeptemberAccording to the most recent figures released by the Department of Statistics, Singapore witnessed a 0.3 percent month-on-month increase in seasonally-adjusted retail sales in September, excluding motor vehicle sales which plunged 9.8 percent during the month.

Leaving out motor car sales from the figures, retail sales increased 3.1 percent year-on-year.