According to analysts, online sales in the U.S. for November and December will increase 16% over the year to $52 billion. In the same period, the National Retail Federation puts overall retail sales growth at a mere 2.3% to $447.1 billion, an indicator that e-commerce continues to steal brick-and-mortar store sale shares. This is obviously good
It’s been a high-profile week for outsourcing: President Obama was in India to discuss, among other issues, bilateral trade, and his trip included a meeting with the Indian prime minister, Manmohan Singh. During the trip, Obama seemed to soften his stance on outsourcing, saying “Trade between our countries is not just a one-way street of
Leading handset chipmakers Qualcomm (NASDAQ:QCOM) and Broadcom (NASDAQ:BRCM) recently reported strong results driven by the demand for mobile devices. Although there have been reports of weakness in consumer chip markets, smartphones and mobile devices like the iPhone and iPad continue to defy the trend. Broadcom has been a supplier for both the iPhone and the
A recent report from Global Water Intelligence pegs the contracted desalination capacity in 2009 at 68 million cubic meters/day. Capacity is expected to grow to 130 million cubic meters/day in 2016, taking the market value to $30 billion a year in the next six years. The top five markets for desalination technology are projected to
Currency volatility, rising costs, growing near-shore demand, increasing rural outsourcing capacity, and political and protectionist measures are troubling the Indian outsourcing sector. The Indian rupee has been one of the best performing currencies this year and has appreciated over 5.6% with the dollar since January. The U.S Senate may have vetoed the outsourcing bill, but
Payroll companies ADP (NASDAQ:ADP) and Paychex (NASDAQ:PAYX) recently reported better than expected results. Their results reflect a modest improvement in economic conditions, but the companies remain cautious in their outlook. Let’s take a closer look.
IDC’s Worldwide Quarterly PC tracker released for Q3 saw 10.5% growth in PC sales compared with the 14% projected for the quarter. Weaker-than-expected growth was driven by weak consumer spending in the United States, where PC shipments grew a mere 3.8% over the year compared with the 11% projected. Only Apple saw better-than-expected sales in
SAP (NYSE:SAP) this week reported strong sales in its third quarter, but the upcoming trial for the Oracle lawsuit and drama that will likely ensue is a dampener. Oracle recently accused former CEO of SAP, Leo Apotheker, of overseeing an espionage scheme. Leo Apotheker has recently been hired as the new CEO of HP, while Mark