Porche finally gave in to the months – long power struggle to Volkswagen when it fired its chief executive. Also, it declared that it will try to raise €5 billion in equity for the possible merger of Volkswagen and Porsche. Porsche’s board of directors meeting came to an end with …

Thanks to iPhone sales especially that of its new 3GS model, Apple’s quarterly results turned out to be better than expectations. Apple sold 5.2 million iphones in this quarter which was seven times better than its sales a year ago. The declaration by Apple resulted in an increase in its …

Huge losses were reported by Morgan Stanley for the period between April and June. It reported a loss of 159 million dollars while during the same time period last year it had made a profit of 698 million dollars.

This is shocking as even the analysts hadn’t expected such big …

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There has been improvement in Consumer Confidence Index but the Home Price Index continues to disappoint. Experts are delighted with the high increase in consumer confidence which jumped 14.1 points in the period of last one month. This is quite a good jump and is much higher than predicted by …