After three years, OpenStack has grown into a true enterprise proposition, according to Rackspace VP of Technology and Products, Nigel Beighton, with a user community growing as the technology matures into a viable option for data centre ...
Tags: Computer Products, software
Stocks of small and medium Chinese enterprises gained on Monday amid speculation they would stand to benefit the most from the abolition of a floor on lending rates over the weekend, Bloomberg reported. Analysts said cash starved SMEs can ...
Tags: Lending Rate
Manhattan is one of the best locations in the U.S. for data center network connectivity, but in the era of climate change it is also an increasingly risky location. Even so, major data center provider Telx thinks the benefits of NYC ...
Tags: data, software, Computer Products
The Volkswagen Phaeton appears set to make its US return after the company's CEO admitted the brand needs an high-end halo car. Bloomberg reports Volkswagen Group head Martin Winterkorn has all but confirmed the luxury Phaeton's US return ...
Tags: Volkswagen, auto, car
China plans to expand the number of cities limiting auto purchases in an effort to curb greenhouse emissions and congestion, Bloomberg reported. Deputy Secretary General Shi Jianhua of the China Association of Automobile Manufacturers said ...
The money-market squeeze that rocked Chinese banks last month may reduce credit growth this year by as much as US$122 billion, Bloomberg reported, citing a survey conducted by the news service. The figure represents the median estimate of ...
Tags: Credit Growth
Texas-based private-equity firm TPG Capital is said to be considering signing an agreement to acquire Envision Pharmaceutical Holdings, an Ohio-based pharmacy-benefits manager (PBM), for an undisclosed sum. Sources familiar with the ...
Tags: Envision Pharmaceutical, TPG
A combination of GlaxoSmithKline’s GSK744 and J&J’s TMC278 monthly injection therapy, designed to evaluate its potential to control HIV, is currently being tested. Results of a study, which was conducted on 40 HIV-negative ...
Tags: Injection Therapy, Medicine
The smart watch, a fairly new category in electronics, can be briefly described as a wearable computerized device that can connect to your smart phone or tablet for control and alerts, and can also run a variety of apps itself. We've seen a ...
Tags: Smart Watch
China's purchasing managers' index (PMI), a primary gauge of manufacturing growth, declined in June to the slowest reading in four months, Bloomberg reported, citing official data released today. The PMI declined to 50.1 last month from ...
Tags: PMI, manufacturing growth
MasterCard didn't make a peep earlier this month when word leaked that Beijing had halted the company's transactions in renminbi. Leaked documents didn't show when the payments were terminated, but the central bank effectively stopped the ...
Tags: MasterCard, Foreign Firms, Credit Cards
Billionaire Carl Icahn is approaching investors for$5.2bn in loans to back an alternative bid to buy out ailing PC maker Dell. Icahn,who will become Dell's largest external investor if Southeastern sell him about$1bn of its Dell shares,is ...
Tags: Carl Icahn, Dell, PC, investor
Swiss food company Nestlé is set to open two facilities in China next month, in order to take advantage of the increasing demand in the country. Greater China chairman and chief executive officer Roland Decorvet was quoted by the ...
Tags: Nestl, Agriculture, Food
The improbable story of a New York City data center saved by a fuel bucket brigade is not told with fondness, even if there is a sense of pride and humor in its retelling. Those involved recall the stink of diesel fuel in dark stairwells ...
Tags: Data Center, Fuel Bucket Brigade
The fall of the Indian rupee against the US dollar and other major currencies has brought smiles on the faces of Indian textile and apparel exporters and why not? The Indian currency has tanked and lost nearly 10% in value against the ...
Tags: Textile&Apparel Exporters, Rupee