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Unemployment at Record High in Eurozone

Eurozone is virtually turning into a waste land as the local governments are powerless and have no idea how to control the economic collapse. Unemployment in the Eurozone has hit a record high of 11.6 percent in September. Unemployment in the 17-country eurozone hit a record high of 11.6 percent in September, official figures showed Wednesday, a sign the economy ... Read More »

Walmart to hire 50k+ employees in US!

The supermarket giant Walmart has announced that it will be hiring more than 50,000 additional employees to handle the holiday rush. This isn’t the first time Walmart goes on a hiring spree during the holiday season. This year though the number is quite higher than ever before. Looks like Walmart is expecting a lot of business this holiday season. The ... Read More »

Samsung Galaxy S III Hits 20 Million Sales!!

Samsung has announced that the sales of its Galaxy S III has hit a whopping 20 Million worldwide. This is just in three months! Samsung Electronics Co. launched the flagship smartphone powered by Google’s Android operating system in Europe in late May. The release schedule was about three months ahead of new phone announcement by rivals Apple, Nokia and Motorola. ... Read More »

Sony to cut 1,000 jobs on efforts to reduce costs

Sony Corp., Japan’s largest exporter of consumer electronics, is eliminating about 15 percent of its mobile-phone unit’s workforce to reduce costs at a business that trails Apple Inc. and Samsung Electronics Co. The reduction of about 1,000 jobs will mainly be in Sweden, Sony said today in a statement. About 650 positions will be cut from its mobile division’s headquarters ... Read More »