Space Race Becomes New Money-making Market after Success of SpaceX

SpaceX Falcon 9 blasted off to International Space Station (ISS) on Tuesday; but it has left behind a commercial space race among the top tech companies in United States. 

Space Race Becomes New Money-making Market after Success of SpaceX

The reusable space cargo capsule ‘Dragon’ was lifted off atop Falcon 9 rocket is expected to reach near the space station for tests early Thursday and ultimately will dock on Friday with its load of supplies. Space Exploration Technologies Corp. (popularly known as SpaceX), run by Elon Musk (co-founder of PayPal and Tesla Motors) was hired by NASA to deliver cargo in the first hand, then eventually astronauts to the orbital outpost.

NASA didn’t content with SpaceX rather the space agency is hiring others, too.

With an aim to make money in commercial space race as much as eight U.S. companies have started their bid even more aggressively after SapceX’s successful launch of its rockets early this week. Most of the companies, planning to jump in the new market, think that they can make even more money than major U.S. airlines in operations.

Private space exploration companies have planned for years about carrying supplies and human for NASA, but this is the first time one is actually in orbit and about to make a delivery for the space agency.

Continue reading below:

Trendz & Styles 4U

Facebook is now biggest valued ever internet company

The social networking leader Facebook has been valued at up to $95 billion (£58.6 billion) after the company has set a price range of $28 (£17) to 35 dollars (£21) per share for an initial public offer (IPO) in a regulatory filing.  

Facebook is now biggest valued ever internet company

Facebook's IPO has been regarded as the much-awaited event by experts, not just because of how much money it will raise but because of its worldwide popularity among the internet users. The world's largest online social network has more than 900 million users worldwide.

With the above-stated disclosed price range for IPO, Facebook has becomes the biggest ever valued internet company and its current shareholders could raise as much as 13.58 billion dollars (£8.3 billion). That happens if the underwriters sell extra stock reserved for over-allotments, which they will be expected to do keeping in view the excitement surrounding the IPO.

According to Renaissance Capital - an IPO investment adviser, with an expected number of Facebook shares i.e. 2.74 billion; it’s offering values the company at 76 billion dollars (£47 billion) to 95 billion dollars (£59 billion). 

Continue reading below:

SFM Tools

With $8B credit deal Facebook flying high ahead of initial public offering

PALO ALTO, CA (Fri, Mar. 09) – Social networking website Facebook, has secured credit deal worth $8 billion from a consortium of banks ahead of the social network's eagerly anticipated initial public offering (IPO).

With $8B credit dead Facebook flying high ahead of initial public offering

Facebook has secured $8 billion ahead of the social network's eagerly anticipated initial public offering (IPO), according to documents provided to US regulators.

According to documents submitted Wednesday with the Securities and Exchange Commission (SEC); Facebook had secured a $5 billion revolving line of credit over three years from a bank consortium including Morgan Stanley, JP Morgan, Goldman Sachs and Bank of America-Merrill Lynch.

Sources in Facebook revealed that the company aims use the facility "for general corporate purposes." In the wake of new arrangement Facebook has terminated the credit facility agreement inked with Barclays Capital and others that granted the company the borrowing capacity of $2,500 million.

Continue reading below:

SFM Tools

Share Stocks of Carnival, owner of Costa Concordia, fell 18% after the disaster

LONDON, UK (Jan. 16) - Official sources of British-American Carnival Corporation & Plc, the parent company of stricken luxury cruise ship Costa Concordia, revealed that the company will have to bear a loss up to $95m by the sinking of plunged ship. 

"For the fiscal year ending November 30, the impact to 2012 earnings for loss of use is expected to be approximately $85-$95m or $0.11-$0.12 per share," Carnival said in a statement to the London Stock Exchange.

Though the company would enjoy an insurance coverage for damage to the ship with an approximately $30m.

Conrinue reading below:

SFM Toolz

More than 2000 workers at stake as Boeing set to close Kansas defense plant

WICHITA, Kan. (Jan. 04) – U.S. aerospace giant Boeing plans to close down its Wichita, Kan., plant which would impact more than 2,000 employees working in the plant. The decision has reportedly been taken in the wake of shrinking U.S. defense spending.

More than 2000 workers at stake as Boeing set to close Kansas defense plant

Boeing officials told, validating earlier reports, the shutting down will be exercised by the end of 2013, but it doesn't expect job cuts to take place until early in the third quarter of 2012.

Boeing said in a statement, “The site does not have enough sustainable business on the horizon to create an affordable cost structure to maintain and win new business.” Future aircraft maintenance, modification and support work will be done at its San Antonio facility. The shifting to the new plant will start in the months ahead, the statement disclosed further.

The plant under the threat of closing down has been manufacturing aircrafts since 1929 and it is part of Boeing's defense, space and security apparatus, or BDS. The Wichita plant, with more than 2,160 workers, had been the company's base for its worldwide transport executive systems business as well as its B-52 and 767 International Tanker programs.

Continue reading below:

SMF Tools 

Google Chrome making good grounds in browser market

“Every rise has a downfall”, it’s an old saying but fits very much for recent victory of Google Chrome over Internet Explorer in terms of market share.

Google Chrome enjoying growth in browser market

Microsoft’s Internet Explorer 8, which was considered as the undoubted king of browsing and once the holder of ‘world’s most-used browser’ tag, has lost its supremacy in browsing field to its toughest rival Google Chrome.

According to statistics and figures by StatCounter, a Web Analytic firm, Internet Explorer 8, after been trailed slightly by Google chrome in last week of November, has lost significant share of market until now.

The statistics shows that in last week of November, Internet Explorer 8 was capturing 23.5% of browser market share as compared to 23.6% of Google Chrome leaving a gap of just 0.1%; but the latest stats have shown that the gap has widened to 3% with browser market share of 22% and 25% for Internet Explorer 8 and Google Chrome respectively.

Continue reading below:

Trends and Styles 4U

Billionaire Saudi Prince Alwaleed bin Talal purchased $300 million stakes in Twitter

RIYADH, Saudi Arabia – Prince Alwaleed bin Talal, - nephew of Saudi King who earlier this month was declared as the Arab world’s richest business man - announced the purchase of a $300 million stakes in microblogging site Twitter.

Billionaire Saudi Prince Alwaleed bin Talal purchased $300 million stakes in Twitter 

According to an emailed statement from Prince Alwaleed’s Kingdom Holding Company; the huge investment in Twitter by the company is part of a drive “to invest in promising, high-growth businesses with a global impact.”

Prince Alwaleed’s stake is equivalent to 3.6% of the Twitter’s total value of $8.4 billion estimated by the analysts in October this year.

Microblogging site Twitter - allows users to send messages called ‘tweets’ of up to 140 characters each – has achieved recently a land mark of 100 million active users who send 250 million tweets per day.

Continue reading below:

SMF Tools

Breathtaking results for Samsung breaking and making new records of sales

SEOUL, South Korea (Dec. 12) – Thanks to Galaxy S and Galaxy S II; Samsung is enjoying great leaps in the market by the growing in terms of sales over the past few years. The latest milestone achieved by Samsung Electronics Co Ltd is “The Highest Number of Units Sold in any Financial Year”.

Samsung sold more than 300 million units in 2011

Sumsung - the world's second largest handset maker by volume (counting smartphones and feature phones), trailing Nokia - said in a statement it had broken its sales record by the end of last month by selling more than 300 million units for the first time in the history of electronic giant.

Continue reading below:

SFM Tools

Falling Euro Adding More Concerns for Top-rated Euro Zone Countries Like France

EU's Concerns over Dropping Euro

TOKYO, Japan (Nov. 15) – Euro zone debt crisis seems to get deepen with further slipping of the euro on Wednesday against dollar and the yen. The top-rated members of euro zone, like France, are feared to get affected because of increasing pressure on the government bonds of these countries.

The euro drop as far as $1.3460 - the lowest in more than one month period - after the French bond yield spread over benchmark German bonds hit euro-era highs.

Italy’s failure under Mario Monti, former EU Commissioner, to crush fears over the country's long-term political and economic future has led to Italian yields shot back above the critical 7 percent level.

Read More ………… at SFM Tools 

Watch VIDEO -- Bank Transfer Day (Nov. 05): 650,000 Americans Transfer Money from Big Banks to Local Credit Unions

NEW YORK (Nov. 05) – Today (Saturday, Nov. 05) is Bank Transfer Day and thousands of dejected customers pull their money en masse from large corporate institutions and banks to dump it into credit unions.

Bank Transfer Day is also dubbed as Bank Occupation Day and Move Your Money Day, but whatever it is called, the purpose of each has been a call for customers of major banks to close their accounts and move their money to more localized credit unions and institutions.

This movement has already encouraged about 650,000 Americans to transfer their money from corrupt and just-for-profit banks to smaller, non-profit credit unions or community-owned banks and institutions.

Small banks and institutions are licking their lips foreseeing big bucks coming to them and some of them have already announced bonus programs to attract Big Banks’ dejected customers like First Tennessee Bank has offered, but only for today, an up to $300 bonus when you open a checking and saving account.

Watch video below Russia Today talks to freelance writer Kimberly Thorpe on the consequences of Bank Tranfer Day:

Bank of America Cancels Plans to Charge $5 Debit Card Fee

NEW YORK (Nov. 01) – At last Bank of America shows its intentions to drop the debit card fee of $5, proposed to be started from next year.

Bank of America Cancels Plans to Charge $5 Debit Card Fee

Bank of America with its final decision to drop the fee will follow other main banks, including Chase and Wells Fargo, which declared last week that they were withdrawing tests of similar charges.

This U-turn by the banking industry comes in the middle of rising public fury over higher fees and charges. A movement to get customers to switch to credit unions and community banks had marked this Saturday as "Bank Transfer Day."

Social networking giant set to introduce 'Facebook Marketing Solutions' for small businesses

Small businesses are ready to get big support from social networking giant. Facebook has reportedly working on a plan, dubbed as Facebook Marketing Solutions, to provide small businesses $10 million in free advertising.

Social network giant set to introduce 'Facebook Marketing Solutions'

In early 2012, under this plan, Facebook will give at least $50 of free advertising on Facebook to each small business qualified. The small businesses to be benefited by this program will be chosen by the National Federation of Independent Business and the U.S. Chamber of Commerce over the next few months.

Continue reading below:

SFM Tools

Happy Birthday! Google Turns 13 -- Celebrated by Google Doodle

Search engine giant Google is celebrating its 13th birthday today (Sept. 27, 2011). The logo, transformed for one day only, in accordance with the Google marking the day of anniversaries of births, deaths, inventions and public holidays. 

Google Doodle Celebrated 13th Birthday

Its own birthday is no different; surrounded by multi-colored balloons and streamers; its logo is adorned with party hats and sits behind a table heaped with wrapped presents and a large white birthday cake with 13 candles.

Although Google officially celebrates its birthday on September 27; but they formally applied for incorporation on September 04, 1998 and got registered the domain ‘google.com’ on September 15

Before a formal incorporation they emerged as BackRub in 1996 when Yahoo! or AOL was extensively used. Finally, its name substitute was inspired by a play called googol, meaning "followed by a hundred zeroes". The name itself indicates their main endeavor to provide with outsized quantities of information for populace, and this is what they are known for today.

Rana Arif Tauseef and Shahzad Sidddique Elected as Chairman and Vice-chairman of Pakistan Textile Exporters Association (PTEA)

FAISALABAD, Pakistan (Sept. 16) – In the recent elections of Pakistan Textile Exporters Association (PTEA) Rana Arif Tauseef is elected as Chairman for the term of 2011-12; while Shahzad Sidddique is elected as vice-chairman of the Association.

Pakistan Textile Exporters Association (PTEA) Elections 2011-12

Rana Arif Tauseef is a well-known industrialist and brother of Rana Zahid Tauseef, former District Nazim Faisalabad and Rana Asif Tauseef, Minister of State for Privatization, and heads a group of most modern textile mills.

This is second term for Rana Arif Tauseef as Chairman of PTEA while in the past he has served the Association in various other capacities. His first term as Chairman of the Association was in the year 2005-06. He is also serving on boards of many charitable, health and educational institutions, contributing to society.

Presently textile industry is deep in trouble due to many factors mainly high-utility cost, trade deficit, additional levies as well as law and order situation emerging out of the war against terror and other barrier directly affecting the cost of running-business, which is hampered exports of the country.

Yahoo Comes Up with a Critical Decision, CEO Carol Bartz Departs

Yahoo's Chairman Roy Bostock Fired CEO Carol Bartz on Phone

Carol Bartz, CEO of Yahoo Inc, was fired by chairman Roy Bostock over phone on Tuesday due to ongoing conflicts with Chinese partner Alibaba and overall negative growth of the company during turbulent tenure spread over more than two and half years. 

Yahoo Comes Up with a Critical Decision, CEO Carol Bartz Departs

 Chief financial officer Tim Morse is expected to act as interim CEO until company finds someone to replace Bartz permanently and lead the company to restore its share in online advertising and content with rivals Google Inc and Facebook.

Continue Reading ....... Link is given below:

Smart Financial Management Tools

U.S. Authorities Refused to Allow Sale of Italian Supercar in America

U.S. authorities have refused to allow the sale of Italian supercar ‘Huayra’, twin-turbocharged 12-cylinder carbon-titanium car, due to less-than-required safety standards followed by Pagani, the manufacturer of Huayra.

Italian automaker Pagani had plans to start selling $1 million, 700 horsepower Huayra supercar in the U.S. later this year but federal safety regulators have said "Not so fast."

At about 3,000 pounds, Pagani boasts that the Huayra is the lightest car in its class, enabling it to go from a zero to 60 miles per hour in about 3.5 seconds.

To continue reading, click the link given below:



Trends & Styles For You

All Pakistan Textile Processing Mills Association (APTPMA) Reacted to 3-day Gas Closure Notification

APTPMA Reacted to 3-day Gas Closure Notification

FAISALABAD, Pakistan (June 15) – Government has announced again a 3-day gas closure to industrial units in Faisalabad on Tuesday (June 14). In response to the gas closure notification; the general body of the All Pakistan Textile Processing Mills Association (APTPMA) has decided to challenge the 3-day gas outage this week. 

APTPMA arranged an urgent meeting to discuss the issue and decide the collective reaction to the latest gas closure notification. The meeting was presided over by Muhammad Saeed Sheikh, APTPMA chairman, and it was decided firmly that the workers will control the gas meters installed in their factories and would not let anybody to cut off the gas supply or reduce pressure as their income was directly related to the operation of their industrial units.

After deciding not to close their factories from Wednesday to Friday; APTPMA issued a statement, “If the SNGPL reduced pressure on Wednesday they would immediately convene a meeting to finalise a protest programme,” they maintained.

Petrol Shortage in Punjab - - Long Queues on the Petrol Pumps in Faisalabad

FAISALABAD, Pakistan (June 10) - - The shortage of petrol in different parts of Punjab and Sindh continued for the fifth consecutive day on Friday, affecting routine life and disturbing commercial activities.

Long Queues on the Petrol Pumps in Faisalabad

Many petrol pumps in different cities of the two provinces remained closed as fuel supplies couldn’t be restored by oil companies and Faisalabad is no exception.

Most of the petrol pumps in Faisalabad are closed for the fifth day and long queues can be seen on those petrol pumps which are still operative; but the people have complained about the low quality of petrol available. The shortage of the fuel has already added the problems of the residents of the cities. 

People are facing huge problems to continue routine life and commercial activities. Getting petrol after waiting long hours in the queues has become headache for the residents; even then the quality of the petrol is still a big question.    

Half of the Firms in United Kingdom Restricted Their Employees to Access Social Websites at Worlplace

LONDON – The results of a new research, conducted by HCL Technologies and Lewis PR, concluded that almost one half of the firms in United Kingdom restricted their employees last year from using social networking websites during their working hours.

Almost 63% of employees from different companies, who participated in the research study, told that they were stringently warned not to use social networking websites, like Facebook and Twitter at work.

Nevertheless, 45% of employees deemed that they were instructed to do so just because of the fear of posting negative comments about their bosses and companies on the websites as opposed to productivity problems.