Looking inside ourselves and out at the world
Independent and neutral with regard to all political and religious orientations,® aims to promote awareness of the major democratic principles on which tolerance is based.

Top 4 Business Stories of the Day

Earlier this year, Samsung decided that it was high time to set up a number of shops across Europe to call its own. Today sees the first of these "Samsung Experience" stores open their doors in the UK, though they're actually operated by local partner Carphone Warehouse. The shops play host to all things Samsung, from laptops to wearables, in the familiar try-before-you-buy type setting. Hewlett-Packard will pay the U.S. government $108 million to settle charges that former employees paid bribes to officials in Russia, Mexico and Poland. Hewlett-Packard Co. will make the payments to the U.S. Department of Justice and the Securities and Exchange Commission. The SEC says an HP division in Russia paid $2 million to make sure the company retained a contract with the federal prosecutor's office there. A Mexican subsidiary paid $1 million to keep a contract with the country's state-owned oil company, while $600,000 in gifts and bribes were paid to a Polish official to win contracts with the police. There has been an increased media focus in recent months on the rising cost of college tuition and the associated growth in student loan balances. In general, there is a sense that graduating college students are being saddled with so much debt that it will inhibit their ability to live as well as their parents or grandparents have lived. From a macroeconomic standpoint, the massive debt burden facing "Millennials" could potentially become a very big impediment to growth over the next decade. The worry is that heavily indebted graduates will have less access to credit, spend less, save less, defer home purchases, and slow new household formation. None of this is good for an economy that depends heavily on consumer spending. Sikorsky Aircraft said on Wednesday the U.S. Navy's plan to skip orders for 29 MH-60 helicopters in the final year of a five-year contract could undermine the industry's willingness to sign such cost-saving agreements in the future. Tim Healy, director of maritime programs for Sikorsky, a unit of United Technologies Corp, said that any move by the Navy to "break" the agreement in fiscal 2016 could also raise the cost of 60 U.S. Army Black Hawk helicopters included in the deal. Sikorsky signed an $8.5 billion contract with the Army and Navy in July 2012 to buy 653 Black Hawk and Seahawk helicopters through December 2017.

© DailyMotion -

Comment on this article!
To post a comment, we encourage you to become a member of® or log in if you are already a member. You can still post your commentwithout registering, but you will need to fill your personal information each time.

Become a member (free)   |   Log in

Postings are subject to the terms and conditions of®. Before submitting your message , you must read the Terms and conditions of® and agree to them by checking the box below.
Your name:
  I have read and agree to the Terms and conditions of®.
Follow us on ...
Facebook Twitter