Business

SanDisk to Buy Fusion-IO to Capture the Flash-Based SSD Market

SanDisk Corp. is all set to buy Fusion-io Inc. for a whopping $1.6 billion. SanDisk is famous for supplying flash storage drive to business customers. To make a much felt presence in this domain, SanDisk has decided to acquire Fusion-io. Analyst Steven Fox wrote, “SanDisk was already positioning the company as more of a enterprise storage company … what the ...

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Recovering US Housing Starts Fell Short of Estimation

The US housing market has been slowly recovering for last few months. But between the months of April and May, housing starts fell 6.5% to a seasonally adjusted annual rate of 1,001,000. The revised April estimate was 1,071,000. The rate however is 9.4% more than May 2013 rate of 915000. With this steep decline, the housing market in US heads ...

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One Out of Three Uninsured Won’t Opt for Obamacare

Republicans have found a justification to lampoon PPACA as Obamacare. In June 2013, Sarah Kliff of Washington Post wrote that almost 10% of total US population will not have insurance coverage under Obamacare. The current report clearly says one in three of uninsured Americans prefers to pay penalty instead of getting covered. The report is based on a survey that ...

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JetBlue Sells its In-Flight Entertainment Subsidiary LiveTv to Thales

The U.S based airlines company JetBlue Airways Corp. (JBLU) has decided to sell off its in-flight television subsidiary LiveTV to Thales Avionics for a sum of 400 million U.S dollars. The initiative is a part of JetBlue’s reduction of operating cost. The company has been witnessing sluggish growth for sometimes. Soaring maintenance and repairing cost have been eating its profit ...

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