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US home Sales back in Business

Its been a good month for the people in US who are the worst hit developed nation thanking the recession. The good part is that US members are beginning to buy new home as reported in BBC. When compared the rate of new houses purchase this july with last july,  sales accounts of last year shows that there was 46 ... Read More »

June is yet Another Weak Month for US Retail Sales

The US retailers were already reeling from the new consumer frugality but in June, incessant rain and raising unemployment further dampened sales. Stores that had made strides in recent months reverted to double-digit declines. Overall, the industry posted  a 6.7% decline in sales for the month, in contrast  to a 309% increase a year ago, according to  the Goldman Sachs ... Read More »

IT Company Satyam name becomes Mahindra Satyam

The new owners of   Satyam Computer Services, Tech Mahindra renamed the IT major as Mahindra Satyam today.They bought the company when it was in a situation to close down and legal problems circulating it. The ex owner of Satyam Mr.Ramalinga Raju and other 5 members are in jail now after being proved of guilty. The logo of the company ... Read More »