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Archive for the ‘News’ Category
In the final quarter of 2011, the US economy grew by 2.8% as the consumers ramped up their spending and businesses boosted their production.
The first reading of GDP growth of the commerce department in the fourth quarter was slightly below economists’ expectations of a 3% annualised pace. However, it was an acceleration from the third [...]
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- Tags: US economy
Intel has just announced a management reshuffle to provide fresh clues to the eventual successor to Paul Otellini as chief executive.
Head of manufacturing—Brian Krzanich, is also taking on a chief operating officer role.
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- Tags: Intel
According to Carlos Ghosn, it was announced that Renault and Nissan might think about adding further capacity in the US as the two car plants there were almosting reaching their full production capacity.
According to chief executive of Renault and Nissan, it is also said that the companies were scaling back inventory, limiting investment and cutting [...]
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- Tags: US Output Boost
Shops in the US are opening earlier than usualy in an effort to secure sales on Black Friday, one of the biggest shopping date of the year. As a result, millions of Americans cut short their Thanksgiving to head to shops.
According to the National Retail Federation, it is revealed that up to 152 million people [...]
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- Tags: Black Friday, shopping
The world’s biggest maker of earth-moving equipment–Caterpillar, has strengthened its presence in the market of mining machinery via proposing an acquisition deal of $886m to purchase the Chinese ERA Mining Machinery, which is a manufacturer of underground coal-mining equipment.
The deal was built on Caterpillar’ $7.6bn purchase of another maker of mining machinery–Bucyrus International last year, [...]
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