Microsoft recently apologized for Outlook.com's outage which dragged on for around three days while Google's crashed services lasted for only a couple of minutes.
Sectors
Blackstone plans acquisition of Tysan Holdings
Blackstone announced plan to acquire Hong Kong's Tysan Holdings to establish foothold in China market.
Royal DSM to create more jobs in India
Royal DSM announced plans of slowly transferring back-office work to India in the next couple of years.
Apple can reach a trillion-dollar valuation - analysts
Analysts said Apple could attain a trillion-dollar valuation considering the company's current services, products and investments for the future.
Gmail overhaul upsets retailers, marketers
Reports said the recent changes to Gmail upset several retailers and marketers with already a 1% plunge in the number of opened emails.
Latest News
Fonterra negated the Sri Lankan ban of the company's dairy products. Top dairy exporter, Fonterra of New Zealand, cried foul over the banning of its products in Sri Lanka last Friday.
Japanese economy faced a higher deficit as overseas economies strengthens. Japan economy experienced a widening gap in its trade balance, according to a Reuters report.
Lupin Ltd is set to expand its portfolio through strategic acquisitions and new product lines. Lupin Ltd, the pharmaceutical firm, is in the process of expanding its branded portfolio through the launch of pharmaceutical products.
NMDC obtains infrastructure contract from Indian PM led council. The National Manufacturing Competitiveness Council, which is led by Indian Prime Minister Manmohan Singh, had awarded the task of creating the infrastructure in the completion of the first ultra mega steel plant in India to NMDC.
Su-Kam Power Systems had agreed to expand into other businesses. Su-Kam Power Systems, an energy solutions provider, had sought the approval of its investors namely Reliance Group and Temasek Holding on expanding its solar business unit.
JPMorgan Chase is being investigated by the SEC for possible wrongdoing. The anti-bribery unit of the US Securities and Exchange Commission is conducting an investigation as to the allegations that JPMorgan Chase & Co had hired the children of Chinese officials to boost its business.
Nine Entertainment's ownership has decided to undertake an IPO. The majority owners of Nine Entertainment of Australia, namely US hedge funds Apollo Global and Oaktree Capital, have appointed several banks to oversee the initial public offering of the company.
The Edwards Group;s purchase price was pegged at GBP1 billion for Atlas Copco. In a report from Sky News, it was revealed that the Edwards Group, which is based out of Sussex, is the subject of a GBP1 billion takeover bid.
Europe's equities have earned better in the past week compared to the US stocks. The mood now for investors is upbeat as it searches for a rebound from the previous week's drubbing on Wall Street and the Dow Jones average.
