Investing and Global Finance News

Monthly Archives: June 2012

Google Releases Nexus 7

The Nexus 7 Competing with Kindle

The tablet marketplace just got a little more crowded as Google releases its own, modestly priced, eReader-type product called the Nexus 7. Unveiled at Google’s I/O developers’ conference in San Francisco on Wednesday, the seven-inch tablet was designed by Google engineers but is actually manufactured by Asus in Taiwan. The new product will be priced at an affordable price of $199.

The Nexus 7 competes directly with Amazon’s own Kindle Fire tablet. Also measuring seven inches and priced to go at $199, the Kindle Fire will have trouble holding a candle to the Nexus.

The Nexus is lighter by 2 ounces, 12 oz. compared to 14 oz. The Nexus is also equipped with a richer HD screen and a quicker graphics chipset.

Going after the little guys is not usual for Google which introduced the high-end Samsung Galaxy Tab last year at their annual I/O gathering.

The Galaxy’s resemblance to Apple’s iPad was so convincing that Apple actually sued Samsung over the similar look and feel, and even won an injunction this past Tuesday which will prevent continuing sales of the Samsung tablet within the borders of the US.

Until now the Kindle Fire has been the best-selling, by far, low-end tablet. Now with the Nexus 7 in the field, its popularity is no longer a certainty.


Savings Advice for the Uncertain Future

Endless economic turmoil, deepening employment concerns and inconsistent outlooks have left the masses scrambling for saving solutions and smart investment ideas. Though there is no single answer, many finance-focused companies have begun offering advice and information both on personal and public levels. For example, Primerica, a financial services marketing organization, recently released a list of… Continue Reading

The Fed and Economic Recovery

The Federal Reserve’s dejected outlook for additional economic recovery in the U.S. this year is reason for concern, but officials are nonetheless pooling their efforts in hopes of boosting job growth. Still, many believe the central bank has already exhausted its chances of stimulating the economy any further this year. On Wednesday, the Fed stated… Continue Reading

Five In-Demand Industries to Consider as New Businesses in the Coming Months

A slow economy does not mean there are not lots of opportunities for entrepreneurs willing to do a little research into what industries are showing strong growth potential for the year approaching. Some businesses may be franchises, and others might be solely your own, but either way there is money to be made and success… Continue Reading

Top Ten Business Trends

The economy is endlessly shifting and stability is a seemingly lost cause in the business world. Still, certain business trends stand out in today’s industries. Here is a list of the top ten business trends according to Generation Y: Today’s youth have more purchasing power than any youngsters before them. Whether it’s their own… Continue Reading

Mizuho Financial to Purchase WestLB AG BBrazil

The third-largest bank in Japan has consented to acquiring WestLB AG’s Brazil wing in an effort to reduce demand for infrastructure-focused financing. Though Mizuho Financial Group has not yet revealed the terms of the transaction, their website states that the purchase is still waiting on regulatory approval. Business Week explains that Banco WestLB AG Brazil… Continue Reading

Warren Buffet’s Keys to Success

Warren Buffet, founder of Berkshire Hathaway, is one of the most successful investors today. His experience and wisdom are both something to emulate, and many of his quotes have inspired businesses and individuals in the past. “When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever” And: “Rule No.… Continue Reading

Top 20 Most Profitable Companies

A Fortune 500 list has revealed the top 20 most profitable companies in 2012: Exxon Mobil————————————$41,060 million Chevron——————————————$26,895 million Apple—————— ————————— $25,922 million Microsoft—————————————- $23,150 million Ford Motor————————————–$20,213 million JP Morgan Chase & Co.———————-$18, 976 million American International Group——— $17, 798 million Wells Fargo————————————- $15, 869 million International Business———————$15,855 million Wal-Mart Stores——————————-$15,699 million General Electric——————————-$14,151… Continue Reading